Over the past few months Business Partners International has established new offices in Blantyre, in Malawi, Windhoek, in Namibia, and Lusaka, in Zambia.
New local investment teams have been recruited, are being trained and are expected to commence with active investment in January 2014
Business Partners International Southern Africa SME Fund, with investors including AfDB, IFC, DOEN, FMO and Proparco, is expected to offer tailored finance solutions for start-ups, expansion, programmes, acquisition finance, as well as property finance in Malawi, Zambia and Namibia.
“We are positive and upbeat that the Business Partners model will be successfully implemented in these countries and that the Fund will provide both strong financial and social dividends to its investors and beneficiaries,” says Roger Hickley, Regional Investment Manager at Business Partners International.
According to Hickley, one of the key elements in setting up these offices has been finding the right local teams who understand the local business culture and ethos. “Our Chief Investment Officers have an opportunity to take ownership and grow a legacy in their respective countries,” concludes Hickley.