Meet the Investors – Chris Chijiutomi, MD, Head of Africa at BII: “We expect $1-2 billion in investments within 18 months”
Nick O’Donohoe heads the British International Investment (BII), the development finance institution of the UK government. Formerly known as the Commonwealth Development Corporation (CDC), the agency changed its name in April 2022 and announced in July that it would invest $6 billion in Africa over five years. In addition to countless credit lines and loans, its major assets include stakes in Liquid Telecom, Safaricom Ethiopia and Globeleq. In 2021, it formed a joint venture (JV) in ports with DP World, a promoter of the future Ndayane-Dakar mega project.
Someone shares this article with you
▪ Meet the Investors – Chris Chijiutomi, MD, Head of Africa at BII: “We expect $1-2 billion in investments within 18 months”
▪ Nick O’Donohoe heads the British International Investment (BII), the development finance institution of the UK government. Formerly known as the Commonwealth Development Corporation (CDC), the agency changed its name in April 2022 and announced in July that it would invest $6 billion in Africa over five years. In addition to countless credit lines and loans, its major assets include stakes in Liquid Telecom, Safaricom Ethiopia and Globeleq. In 2021, it formed a joint venture (JV) in ports with DP World, a promoter of the future Ndayane-Dakar mega project.
▪ https://www.africabusinessplus.com/en/814765/meet-the-investors-chris-chijiutomi-bii-africa-director-we-expect-1-2-billion-in-investments-within-18-months/
Chris Chijiutomi, appointed director for Africa in the end of January, reports directly to Nick O’Donohoe. The Nigerian engineer, a graduate of the University of Surrey, began his career with Thames Water, then Veolia, managing the British subsidiary before helping set up the ARM-Harith infrastructure fund in Nigeria. He joined BII in 2017 in charge of investment before moving to his current position. He talked to Africa Business+ about BII’s policies and projects.
This article is for subscribers only. To read more, subscribe with a special offer.
You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.
Recommended articles
Renewable energies
07/12/2023 at 17h23, by Africa Business+, updated 08/12/2023
Sierra Leone: Planet Solar receives $58.7m support
Frontier Energy is financing this 50 MW solar photovoltaic project primarily through its Fund II ($28.8...
Bank
04/10/2023 at 16h07, by Pierre-Olivier Rouaud
British International Investment $60m to support Access Bank
The British development institution continues its commitment to the Nigerian bank with a credit line...
Construction & Infra
20/03/2023 at 16h56, by Africa Business+, updated 21/03/2023
AWID, Metito and BII joint venture, targets Egypt and Rwanda
Africa Water Infrastructure Development (AWID) aims to develop, finance and operate climate-resilient...
Agri-food industry
22/02/2023 at 14h55, by Africa Business+
Sudanese tycoon Osama Daoud Abdellatif’s DAL Group receives $50m support from UK’s BII
The DAL group, headed by one of the country’s most powerful businessmen, has leveraged its strategic...
Capital Market & Private Equity
23/01/2023 at 14h10, by Africa Business+
British International Investment: Chris Chijiutomi, new managing director for Africa
Africa Business+ has learned that the Nigerian, promoted a year ago to head up infrastructure investments,...
Development Bank
07/12/2022 at 21h18, by Africa Business+
African Guarantee Fund secures $150m support from UK BII
The pan-African guarantee fund will channel this jointly managed facility into its SME lending portfolio,...
Any questions ? contact us
Please get in touch with the Africa Business+ team if you require any further information.
Email us : customer.care@africabusinessplus.com
Add AB+ to your home screen
1. Click on 
at the bottom of your screen.
2. Click on 
to add AB+ on the home screen.
3. Enter the name of the shortcut and confirm.