£1bn-plus invested in African businesses last year – BII

UK impact investor and development finance institution (DFI), British International Investment (BII), invested £1.07-billion in Africa last year.

The figure represents 59% of BII’s total investments for the year.

BII has also announced that its climate commitments have exceeded $1-billion in a single year.

Over the last four years, BII made $3.3-billion (£2.6-billion) in climate finance investments.

Climate finance qualifying investments included a range of commitments, from utility-level renewable energy generation projects in countries such as Egypt, to e-mobility startups in Kenya.