The National Investment Bank (, abbreviated: BNI) is a Mozambican state owned development bank 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, Natural Resources, Energy, Agriculture, Industry & Commerce and Transportation. BNI also seeks to strengthen the capital structure of private companies and the development of capital markets.
History
BNI was founded in 2010,[1] initially established as the country's first investment bank, 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) operation in Mozambique.[2]