British International Investment has committed £1.09 billion to African companies in 2024 to promote job creation, reduce aid dependency, and address climate challenges.

• The investment amount is nearly 40 percent higher than the £725 million allocated in 2023.
• Chris Chijiutomi, Managing Director and Head of Africa at BII, emphasized the organization's commitment to supporting African enterprises.
• In 2024, BII allocated $903 million (£708 million) to climate finance, representing 41 percent of its total commitments for the year.