Connect with us

Hi, what are you looking for?

Capital Business
Capital Business

Government

May vows post-Brexit UK will be leading investor in Africa

Her tour of South Africa, Nigeria and Kenya – May’s first to the continent since becoming premier in 2016 – is seen as an effort to stamp her authority on her embattled premiership.

Cape Town, South Africa, Aug 28 – British Prime Minister Theresa May on Tuesday pledged to prioritise investment in Africa as she started a visit to the continent to seek new trade deals during preparations to leave the European Union.

“By 2022, I want the UK to be the G7’s number one investor in Africa, with Britain’s private sector companies taking the lead,” May told business leaders in Cape Town, South Africa.

The G7 groups major industrialised nations, but does not include China.

“As prime minister of a trading nation whose success depends on global markets, I want to see strong African economies that British companies can do business with,” she said.

“I want to create a new partnership between the UK and our friends in Africa built around shared prosperity and shared security.”

Her tour of South Africa, Nigeria and Kenya – May’s first to the continent since becoming premier in 2016 — is seen as an effort to stamp her authority on her embattled premiership.

May is facing pressure at home from so-called Remainers sceptical of her ability to forge trade deals once Britain severs ties with the EU, as well as from Brexiteers fearful she will not deliver a clean break.

“As we prepare to leave the European Union, now is the time for the UK to deepen and strengthen its global partnerships,” she said in a statement.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...