UK aims to be the largest G7 investor in Africa by 2022

The UK aims to be the largest G7 investor in Africa by 2022, providing finance for private sector companies to improve on existing EU trade agreements with the region following the UK’s departure from Europe.

The UK’s trade commissioner for Africa, Emma Wade-Smith, says the UK has up to £26 billion of export credit available and is planning to create a Trade Preference Scheme for approximately 70 developing countries, which will provide the same level of access as the current EU Generalised Scheme of Preferences (GSP).

“This focus on trade with Africa could help support our program to expand growth of sustainable crops within the region to provide an alternative renewable vehicle fuel for use in the UK’s HGV sector, as well as renewable energy to supply to the local grid.” Richard Lilleystone, GazAsia CEO.

https://www.theafricareport.com/12658/uk-trade-commissioner-post-brexit-britain-will-be-africas-largest-g7-investor/

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