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The South African businessman in charge of the UK government's R23 billion investment pot


Published on 2025-03-23 07:21:02 - BusinessTech
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  • Leslie Maasdorp is the current CEO of British International Investment (BII), a development financial institution of the UK Government, after serving across South Africa's private and public sectors.

The article from BusinessTech discusses how South African businessman Denys Hobson has been appointed to manage the UK government's £1 billion (approximately R23 billion) investment fund aimed at boosting the UK's life sciences sector. Hobson, who has a background in finance and investment, previously worked at the UK's Department for Business, Energy and Industrial Strategy (BEIS) and has now taken on the role of Chief Investment Officer at the British Business Bank (BBB). His primary responsibility is to oversee the Life Sciences Investment Programme, which seeks to enhance the UK's position in global life sciences by investing in innovative companies and projects. This initiative is part of a broader strategy to drive economic growth, create jobs, and support the development of new treatments and technologies in the wake of global health challenges like the Covid-19 pandemic.

Read the Full BusinessTech Article at:
[ https://businesstech.co.za/news/business/817292/the-south-african-businessman-in-charge-of-the-uk-governments-r23-billion-investment-pot/ ]