British International Investment

Pembani Remgro Infrastructure Fund II

KenyaSouth AfricaAfricaFinancial servicesTechnology and telecoms

Pembani Remgro Infrastructure Fund II will invest in infrastructure across Africa. We expect the fund to increase the stock and reliability of infrastructure on the continent, including improving access to reliable and affordable energy and data services, as well as increasing the efficiency of trade through better logistics. These investments will support businesses to operate more effectively and contribute to quality-of-life improvements in various parts of Africa.

Investments made by BII into this fund:

Investment name Commitment Region Sector Start date Status
Investment 02 $35m Africa Financial services, Technology and telecoms October 2022 Active
Investment 01 $15m Africa Financial services, Technology and telecoms November 2023 Active

Investments made by this fund into companies:

Investment name Country Region Sector Start date Status
Cumulus Limited South Africa Southern Africa Financial services June 2025 Exited
Exhantini Investments (Pty) Ltd South Africa Southern Africa Financial services December 2024 Exited
Mawingu Networks Kenya East Africa Technology and telecoms June 2025 Active
PAHL Holdco Kenya, Nigeria East Africa, West Africa Technology and telecoms December 2024 Active

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