British International Investment

Globeleq Limited

CameroonCote d'IvoireEgyptKenyaMozambiqueSouth AfricaTanzaniaCentral AfricaEast AfricaNorth AfricaSouthern AfricaWest AfricaInfrastructure

Globeleq is Africa’s leading independent power producer. British International Investment took control of the company (70 per cent) in 2015 alongside Norfund (30%). Since then, Globeleq has almost doubled in size, adding nine assets to its portfolio, of which 8 are renewables. Its portfolio has reached 2,178 megawatts of power assets, including 520 megawatts of renewables, in operations and construction across seven countries (Cote d’Ivoire, Cameroon, South Africa, Mozambique, Tanzania, Kenya and Egypt). In 2021, Globeleq’s operating assets generated 7,141 gigawatt hours of electricity, reaching over 9 million consumers and indirectly supporting an estimated 236,000 jobs in addition to the 517 people the company employs directly.

Investments made by BII in this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $29.24m Infrastructure December 2017 Active
Investment 02 $15.07m Infrastructure May 2019 Active
Investment 03 $45.15m Infrastructure December 2019 Active
Investment 04 $26.39m Infrastructure July 2020 Active
Investment 05 $100.1m Infrastructure December 2020 Active
Investment 06 $4m Infrastructure July 2021 Active
Investment 07 $19.86m Infrastructure December 2021 Active
Investment 08 $5.46m Infrastructure March 2022 Active
Investment 09 $24.29m Infrastructure December 2023 Active

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