Business Partners International (BPI) is specialized in providing financial solutions for SMEs. Building on a tried-and-tested model in South Africa, the company has developed several venture capital funds in Sub-Saharan Africa. For example, it manages BPI Southern Africa SME Fund, an investment fund which plans to invest USD 30m in SMEs in Southern Africa.
BPI Southern Africa SME Fund targets companies with less than 300 employees, with a turnover of under USD 10m, in Namibia, Zambia and Malawi. It targets a wide range of sectors, such as construction, health, education and services. Alongside its financing, the investment fund offers technical assistance in wide-ranging fields, such as governance, financial management and information systems. Proparco has invested in the fund and financed its technical assistance facility.