£395m trade boost is aimed at countering China‘s spending on the continent
Britain has unveiled plans to channel part of the £14bn aid budget through the City as it seeks to exploit the global reach of the finance sector to boost investment in Africa.
Details of the £395m package were announced by the international development secretary, Alok Sharma, ahead of a high-level UK–Africa investment summit next Monday.
Source: UK channels aid budget as it seeks closer ties with Africa post-Brexit
Category: Business, Africa, UK news, African Union, China, Economic policy, World news
