British Investment International welcomes new Head of Africa

British Investment International (BII) has recently appointed Chris Giu-Toumi as the new Head of Africa, with a clear mandate to steer investments towards supporting countries on the continent on the pathway to net zero emissions and driving inclusive growth. In a recent interview with CNBC Africa, Giu-Toumi outlined his strategic plan to fulfill this important role. BII has a long history of investing in Africa, with a focus on driving sustainable economic growth. Giu-Toumi emphasized the importance of sustainability and energy security in light of global events such as the Russia-Ukraine conflict, which has underscored the need for renewable energy sources. The focus on renewable energy in Africa is evident in BII's recent partnerships and investments in solar and hydro power projects across the continent. The goal is to support African countries in transitioning to a net zero pathway, leveraging the abundant natural resources available on the continent. With 600 million Africans still lacking access to electricity, BII sees a significant opportunity to invest in sustainable energy solutions and support countries in achieving their development goals. In addition to climate finance, BII is also committed to promoting economic empowerment, particularly for women-owned businesses, and enhancing food security through investments in agriculture. Ventures in telecoms and infrastructure, as well as financial inclusion initiatives, are also key focus areas for BII's investment strategy. Within the next five years, BII plans to allocate 30% of its capital towards climate finance, reflecting a strong commitment to sustainable development in Africa. The appointment of Giu-Toumi as the new Head of Africa signals BII's dedication to driving positive change and fostering inclusive growth on the continent.