Our investment
Description of the investment.
Description of the investment.
Through the launch of Growth Investment Partners Zambia (GIP-Z), we aim to provide long-term flexible capital, primarily in local currency, to small and medium-sized enterprises (SMEs) in the country. The goal is to boost business growth and well-being, create jobs, and deepen SME contribution to the Zambian economy. GIP-Z aims to establish itself as a new alternative investment option for long-term capital from local institutional investors in Zambian, driving innovation amongst other financial institutions.
Impact information
Applies to investments made from 2019 onwards. The tabs in this section define what we expect to achieve through the investment, assessing the potential impact of the investment against six dimensions of impact. You can find more details on our methodology of assessing impact here.
Applies to investments made from 2019 onwards. The tabs in this section define what we expect to achieve through the investment, assessing the potential impact of the investment against six dimensions of impact. You can find more details on our methodology of assessing impact here.
What?
| Impact |
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How?
| Primary | Secondary |
|---|---|
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Who?
| Stakeholder | Geography | Characteristics |
|---|---|---|
| Employees |
Zambia |
N/A |
| Suppliers |
Zambia |
|
| Customers |
Zambia |
How much?
| Scale | Depth/Duration |
|---|---|
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Mobilisation: GIP-Z has already successfully mobilised up to $17.5m of local commercial capital. GIP-Z aims to provide capital to SMEs of $500k – $5m, equivalent in local currency, and it will support up to 150 Zambian SMEs within the next 15 years. |
N/A |
Contribution/additionality
| Contribution/additionality |
|---|
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Risk
Execution RiskThe management team has highly relevant expertise and experience but the creation of a platform with new products presents a series of strategic and operational risks. This will be mitigated by detailed design, a quality management team, and tranched funding. Alignment RiskAny alignment risk is mitigated by linking the management team’s long term incentive plan to key impact performance indicators, alongside implementing proper governance controls and having advocacy support in place. Evidence Risk |
Impact score
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Impact score (at point of investment)
The Impact Score is a tool to help us manage our performance against our strategic impact objectives. It is designed to incentivise investments that support our productive, sustainable, and inclusive objectives. The Impact Score shown is based on the 2022-2026 Impact Score methodology. You can find out more here. The Impact Score is published for investments made from 2022 onwards. The Impact Scores are calculated at the point of investment. We publish the Impact Scores of new investments annually, once the information has been externally assured by an independent third party. |
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8 |
Environmental and social information
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Environmental and social summary
A high-level description of the environmental and social aspects of the investment. This may include a summary of key environmental and social risks identified during environmental and social due diligence (ESDD); key elements of an environmental and social action plan (ESAP); or ways in which we plan to support the investee improve environmental and social standards, such as through their environmental and social management system (ESMS); as well as any other priority areas agreed with the investee.
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Environmental and social risk
A risk category rating, which indicates the level of environmental and social risk associated with an investment. For an explanation of the categorisations used, see here. We consistently provide an environmental and social risk category for all investments screened from 2023 onwards.
Environmental and social summary
This is a Medium-High risk rated deal. We agreed an ESAP focused on developing the company's environmental and social risk management processes and capacity. This includes the development of an ESMS, as well as HR, safeguarding and supply chain processes, and an approach to due diligence for mining services. We have also established an ESG Impact Committee to ensure GIP adopts, implements, and manages environmental and social practices in accordance with BII’s requirements.
Environmental and social risk
Medium-High
Reporting and Complaints Mechanism
The Reporting and Complaints Mechanism allows anyone outside BII to report alleged breaches of the business integrity or environmental and social provisions of BII’s Policy on Responsible Investing. This includes breaches made by BII, a BII investee, or a portfolio company of a fund in which BII has invested. The Reporting and Complaints Mechanism Rules are available here. Reports and complaints can be submitted by email to [email protected] or by mail. See more details on our Reporting and Complaints Mechanism here.
For any other general enquiries contact us at [email protected]
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Key facts
- First published
:
When the investment was first published on the website database.
- December 2025
- Last updated
:
When the last quarterly update of the website database occurred.
- June 2026
- Project number
:
An identifier number shared by investments in the same project.
- D9985
- Status
:
The current status of the investment (green flag for active and red flag for exited).
- Active
- Region
:
The geographical region where the country is located. We currently invest in Africa, South Asia, South East Asia and the Caribbean. In 2023, BII’s investment mandate was extended allowing it to invest in regional funds linked to Ukraine, with the majority of activity expected to begin post-war. Investments outside these regions were made prior to 2012 under previous investment mandates.
- Southern Africa
- Country
:
The countries where the investment delivers impact. Where impact is delivered in multiple countries, this is indicated.
- Zambia
- Sector
:
We prioritise those sectors that facilitate development and need our capital the most. Our priority sectors contribute towards many of the Sustainable Development Goals. They range from investing in the power infrastructure that will provide people with better access to electricity, to investing in financial institutions that direct capital to the individuals and businesses that need it the most.
- Financial services
- Sub sector
:
The sub-sector that the investment is made into; this provides a more granular level of detail than the ‘sector’ information
- Consumer Finance
- Investment policy :
- Catalyst
- Investment type :
- Equity
- Start date :
- July 2025
- Amount :
- $250k
- Currency of investment :
- USD
- Domicile
:
The company or investment fund’s place of incorporation.
- Zambia
We provide capital in the following ways: directly – through direct equity, direct debt, guarantees and other non-intermediated financial instruments; and indirectly – principally through investment funds.
Type of investment portfolio that each investment is made under. Since 2014, we have run two investment portfolios: Catalyst and Growth. In addition, our Kinetic Portfolio enables us to manage concessional investment strategies.
For direct investments and fund investments, this is the date BII committed capital to the investments. This is typically the date on which legal agreements are signed by all parties.
For the portfolio companies of our fund investments, this is the date (either the month or the quarter) on which the fund committed capital to the portfolio company.
For direct equity investments, this is the date at which British International Investment exited the investment.
For debt investments, this is the date at which the final debt repayment was made.
For funds, this is the date at which the fund was terminated.
For underlying fund investments, this is the date at which the fund manager exited the investment.
The total amount committed, per financial instrument, per investment, on the date BII becomes subject to a binding legal obligation to provide funding or assume a contingent liability. This information is provided in US dollars.
For direct investments, this is the amount that BII has committed to the business or project. For fund investments, this is the amount BII has committed to the fund.
The currency in which the investment was made.
- First published
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Gender and climate finance facts
- 2X gender finance
:
Indicates whether the investment is ‘2X qualified’ using the 2X Challenge criteria. You can find out more here. It only applies to investments made from 2018 onwards, when the 2X Challenge was first launched.
- Fully qualified
- 2X qualification criteria:
:
2X Criteria the investment qualifies under. See 2X Criteria for more information.
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- Leadership — Board of Directors/Investment Committee
2X threshold 30%: Investee commits to meet threshold - Leadership — Senior Management
2X threshold 45%: Investee commits to meet threshold - Employment
2X threshold 45%: Investee commits to meet threshold - Indirect/Portfolio
2X threshold 30%: Investee already meets threshold - Governance and Accountability
- Leadership — Board of Directors/Investment Committee
- 2X sector
:
Indicates the specific 2X sector benchmark the investment qualifies under. See 2X Criteria for more information.
- Financial and Insurance Activities
- 2X country
:
Indicates the specific 2X country benchmark the investment qualifies under. See 2X Criteria for more information.
- Zambia
- 2X gender finance
Related investments made by BII into this company:
| Investment name | Commitment | Region | Sector | Start date | Status |
|---|---|---|---|---|---|
| Investment 01 | $415k | Southern Africa | Financial services | February 2025 | Active |
| Investment 03 | $39.83m | Southern Africa | Financial services | July 2025 | Active |
