Financial services

Why we invest in this sector

To varying degrees, the financial sectors of African and South Asian countries are all under-developed.

Businesses find it difficult to borrow, capital markets are narrow and illiquid, insurance and other risk management products are unavailable, and large portions or the population have no bank account. Our financial sector investments are aimed at fixing these problems.

Our strategic focus

  • Investing to develop capital markets to unlock further funding over the long term
  • Working with financial intermediaries to reach SMEs
  • Supporting specialised financial service providers to meet people’s ‘basic needs’
  • Investing to harness the transformative power of digital financial services
  • Providing capital to support the transition to net zero and resilient economies
  • Investing to advance gender equality and women’s economic empowerment

Who we partner with

We support the development and growth of financial services across our markets by investing in a broad range of financial institutions and partners:

Financial services

  • Non-bank financial services: Including leasing companies, infrastructure finance, mortgage companies, and microfinance institutions
  • Fintech and market infrastructure: Including payment switches, credit bureaus, digital lenders, and stock exchanges

Financial institutions

  • Insurers: Including life insurance, reinsurance, property and casualty insurance, and micro-insurance
  • Banks: Including commercial banks, and microfinance banks
  • African regional DFIs

You can read more about how and why we invest in financial services in our sector strategy.

Products

We provide a range of capital solutions across this sector

Equity

Ticket Size ($)   10m+
  • We invest to support value creation
  • We take minority stakes in the capital of financial institutions
  • Equity and debt can be used in conjunction

Debt

Ticket Size ($)   10m+
  • We provide term debt financing
  • Senior and subordinated debt through bilateral/syndicated loans or bonds
  • We focus on SME, gender and climate lending
  • Equity and debt can be used in conjunction

Risk sharing

Ticket Size ($)   10m+
  • Guarantees or co-financing on term loans
  • Supports better access to credit
  • Our focus is on SMEs and microfinance companies

Trade finance

Ticket Size ($)   15m+
  • Trade finance loans and risk sharing facilities
  • Aimed at increasing liquidity and/or reducing capital costs
  • Provided through warehouse receipts, purchase orders and receivables finance

Key contacts

Stephen Priestley

Managing Director and Head of Financial Services

Admir Imami

Director and Head of Trade and Supply Chain Finance

Dalia Aga-Shaw

Director and Head of Financial Services Funds

Gaurav Malhotra

Director and Head of Financial Services Equity

Maria Largey

Director and Head of Financial Services Equity

Ndaba Mpofu

Director and Head of Financial Services Debt

Wasim Tahir

Sector Strategist - Financial Institutions

Partnerships

We are now British International Investment