British International Investment (BII) has announced a significant commitment of $65 million to bolster financial markets and unlock investment in frontier economies across Zambia and Zimbabwe. This initiative is a cornerstone of BII’s new five-year strategy for the region, aiming to foster sustainable economic growth and development.
A key component of this pledge includes a $15 million anchor commitment to Zanaco’s inaugural $100 million Sustainability Bond Programme in Zambia. This marks a pivotal step in demonstrating how domestic capital markets can effectively mobilise investment towards projects with significant environmental and social impact.
In Zimbabwe, a substantial $50 million facility will be dedicated to expanding access to finance for agriculture businesses. This is a critical intervention for a sector vital to the nation’s economic stability and growth, supporting climate-resilient agriculture and other productive ventures.
Key Players Involved
- British International Investment (BII): The UK’s development finance institution and impact investor, leading the new strategic investment.
- Zanaco: A Zambian bank set to launch its debut Sustainability Bond Programme.
- Zimbabwean Agriculture Businesses: Direct beneficiaries of the $50 million facility, aimed at enhancing their access to finance.
Event Timeline
- September 28, 2026: British International Investment publicly announces its $65 million commitment for Zambia and Zimbabwe.
