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Mahindra EV Plans: The investment by British International Investment will be in the form of compulsory convertible instruments at a valuation of up to INR 70,070 crore, resulting in 2.75% to 4.76% ownership for BII in the EV Co. The EV Co. will focus on four-wheel (4W) passenger electric vehicles, the company said.
British International Investment (BII), the UK’s development finance institution, has inked a $100 million risk-sharing facility with Citi, in a bid to bolster trade finance and support small and...
Africa Business Communities
British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, had announced a $26.5 million commitment to AFEX, Africa’s leading commodities platform, which currently operates over 200 warehouses in Nigeria, Kenya and Uganda and serves over 450,000 farmers.
The funds will be used to construct 20 modern warehouses in Nigeria, Kenya and Uganda.