Firm partners BII to boost investments in Nigeria, others

Firm partners BII to boost investments in Nigeria, others

The Public Investment Corporation (PIC) of South Africa and British International Investment (BII) have signed a Memorandum of Understanding (MoU) to enhance collaboration on investments across Nigeria and the African continent. The partnership aims to drive sustainable economic growth by jointly exploring impactful opportunities in sectors like agriculture, infrastructure, financial services, and climate initiatives.

Key elements of the MoU include:

·       Sharing investment pipelines to identify promising opportunities.

·       Regular dialogue and co-investment strategies to amplify impact.

·       Use of blended finance models to support infrastructure, industrialization, and trade.

Outgoing PIC CEO Abel Sithole emphasized that the deal aligns with PIC’s Africa-focused investment strategy. BII CEO Leslie Maasdorp highlighted the collaboration as a means to unlock transformative and scalable investments that can attract more commercial capital and foster long-term development.

Overall, the partnership seeks to boost Africa’s economic resilience by targeting high-impact sectors such as manufacturing, mining, and sustainable finance.