Originally published by Tech Arena

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July 9, 2025

4mo ago

BII Commits £1.09 Billion to African Companies in 2024 to Drive Jobs, Climate Action, and Growth

British International Investment has announced that it has committed £1.09 billion to African companies in 2024 to create jobs, reduce aid dependency and combat the climate emergency. The sum was nearly 40 per cent more.....

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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.

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