BII launches new investment strategy for growth in Kenya
What was announced
The UK will boost investment in Kenyan businesses and infrastructure, helping attract private capital, create jobs and support sustainable economic growth.
Key points, in the publisher's words
- British International Investment (BII), the UK’s development finance institution and impact investor, today launched its new 2026-31 strategy, reaffirming the UK’s commitment to supporting sustainable economic growth, job creation and climate resilience through private sector investment across Africa.
- The launch in Nairobi marks a significant milestone in the UK-Kenya economic partnership and builds on BII’s strong track record across East Africa, where it committed approximately KSh 154.8 billion during its previous five-year strategy period.
- Under its new strategy, BII aims to invest approximately KSh 864.3 billion of its own capital and mobilise up to KSh 683.7 billion in private capital across Africa. In Kenya, this will mean increasing investment in businesses and infrastructure while focusing on attracting additional institutional capital and creating the conditions needed for greater investment flows into the economy.
Figures in this announcement
Each line is quoted from the original. Figures are as the publisher stated them on the day.
- “The launch in Nairobi marks a significant milestone in the UK-Kenya economic partnership and builds on BII’s strong track record across East Africa, where it committed approximately KSh 154.8 billion during its previous five-year strategy period.”
- “Under its new strategy, BII aims to invest approximately KSh 864.3 billion of its own capital and mobilise up to KSh 683.7 billion in private capital across Africa.”
- “BII will increase the proportion of its climate finance investments to at least 40%, to support countries to move to renewable power and strengthen electricity networks – powering 10 million households with clean energy.”
- “The new strategy aims to support jobs and economic opportunities for 10 million people across Africa, targeting at least 30% of its core investments to improving economic opportunities for women.”
- “BII-backed businesses in Kenya support over 57,000 direct jobs in more than 120 businesses and contribute significantly to government revenues, paying more than KSh 62 billion in taxes.”
- “Notable investments include: SunCulture, whose solar-powered irrigation solutions help more than 16,000 smallholder farmers increase yields while significantly reducing water usage renewable energy projects in Malindi and Menengai, which are expanding access to clean power and strengthening Kenya’s renewable energy capacity”
Check it against the official record
The latest official figures on the subjects this story covers, each with its source and full history:
Who and where
People
- Kirsty McNeill (MP for Midlothian (Labour (Co-op))) · more news
Countries
Constituencies of the MPs named: Midlothian.
Where this sits in the 10 levels of power
Topics, as GOV.UK files them: Foreign affairs, International aid and development, Climate change and energy, Business and industry.
Receipt
- Original: https://www.gov.uk/government/news/bii-launches-new-investment-strategy-for-growth-in-kenya
- Published 2026-11-06 06:01:45 UTC
- Read by this site 2026-11-06 06:15:43 UTC from GOV.UK
- Saved copy: receipt 9131, with its SHA-256 fingerprint
Contains public sector information licensed under the Open Government Licence v3.0.
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