The National Investment Bank ( pt, Banco Nacional de Investimento, abbreviated: BNI) is a Mozambican state owned

development bank A development financial institution (DFI), also known as a development bank or development finance company (DFC), is a financial institution that provides risk capital for economic development projects on a non-commercial basis. , total commitme ...

in association with the Mozambican Ministry of Finance. Its goal is to provide long-term financing for sustainable endeavours that contribute to the country's social and economic development. The bank's main areas of activities are

Infrastructure Infrastructure is the set of facilities and systems that serve a country, city, or other area, and encompasses the services and facilities necessary for its economy, households and firms to function. Infrastructure is composed of public and priv ...

Natural Resources Natural resources are resources that are drawn from nature and used with few modifications. This includes the sources of valued characteristics such as commercial and industrial use, aesthetic value, scientific interest and cultural value. O ...

Energy In physics, energy (from Ancient Greek: ἐνέργεια, ''enérgeia'', “activity”) is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of heat a ...

Agriculture Agriculture or farming is the practice of cultivating plants and livestock. Agriculture was the key development in the rise of sedentary human civilization, whereby farming of domesticated species created food surpluses that enabled people to ...

, Industry &

Commerce Commerce is the large-scale organized system of activities, functions, procedures and institutions directly and indirectly related to the exchange (buying and selling) of goods and services among two or more parties within local, regional, nation ...

and

Transportation Transport (in British English), or transportation (in American English), is the intentional movement of humans, animals, and goods from one location to another. Modes of transport include air, land (rail and road), water, cable, pipeline, ...

. BNI also seeks to strengthen the capital structure of private companies and the development of capital markets.

History

BNI was founded in 2010, initially established as the country's first

investment bank Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is ...

, through a joint venture between the governments of Portugal (through Caixa Geral de Depósitos) and Mozambique (through the National Treasure Directorate). With a starting capital forecasted at US$500 million, the bank was created to facilitate a closer cooperation between Mozambique and Portugal, and foment various projects, mainly Infrastructure, Natural Resources (mining & hydrocarbons) and Energy. In August 2012, BNI took an advisory role in the government acquisition of a 5% stake at

Vale (mining company) Vale S.A., formerly ''Companhia Vale do Rio Doce'' (the Sweet River Valley Company, referring to the Doce River) () is a Brazilian multinational corporation engaged in metals and mining and one of the largest logistics operators in Brazil. Vale ...

operation in Mozambique. Given the rapid growth of the Mozambican economy, and consequently the need of the government to participate in the equity of capital-intensive Infrastructure and Natural Resources projects, in December 2012, the Portuguese shares, at the time owned by Caixa Geral de Depositos, were acquired by the Mozambican State through its Equity Agency, Institute of Management of State Holdings (IGEPE) From this point onwards, BNI started to focus more on its role of a Development bank, although it still has a strong investment banking arm. As of the end of 2013, BNI was assigned by government protocols and agreements with foreign development banks like

BNDES The National Bank for Economic and Social Development ( pt, Banco Nacional de Desenvolvimento Econômico e Social, abbreviated: BNDES) is a development bank structured as a federal public company associated with the Ministry of the Economy of Bra ...

from

Brazil Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area ...

and KFW from

Germany Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwe ...

, aiming to facilitate

Public–private partnership A public–private partnership (PPP, 3P, or P3) is a long-term arrangement between a government and private sector institutions.Hodge, G. A and Greve, C. (2007), Public–Private Partnerships: An International Performance Review, Public Administ ...

s between foreign companies and state owned corporations concerning major projects in the country, sometimes managing funds for the purpose such as was the case with COFIDES from

Spain , image_flag = Bandera de España.svg , image_coat = Escudo de España (mazonado).svg , national_motto = ''Plus ultra'' (Latin)(English: "Further Beyond") , national_anthem = (English: "Royal March") , i ...

, which in October 2013 committed a €75 million to such partnerships. In April 2014, BNI arranged for a loan of US$680 million from the

Exim Bank of China The Export–Import Bank of China (Chexim - China Exim Bank) () is one of two institutional banks in China chartered to implement the state policies in industry, foreign trade, economy, and foreign aid to other developing countries, and prov ...

for construction of the Maputo Sul Catembè bridge.

References

External links

* {{DEFAULTSORT:BNI Banks of Mozambique Economy of Mozambique Companies based in Maputo Banks established in 2010 2010 establishments in Mozambique