Question to the Department for International Development:

To ask the Secretary of State for International Development, with reference to the press release, UK launches ambition to generate billions more investment in Africa to trigger transformational growth, published on 28 August 2018, which (a) businesses, and (b) sectors in the UK will benefit from the projects.

The Prime Minister announced a range of measures to substantially boost investment into businesses and infrastructure across Africa. CDC, the UK’s Development Finance Institution, will aim to invest up to £3.5bn in African businesses over four years (2018-21), and the UK will invest a further £300m into the Private Infrastructure Development Group (PIDG) to build essential infrastructure across Africa, laying the foundations for new trading and business opportunities. Through these and other initiatives, the UK will aim to mobilise a further £4bn of private investment into Africa over the next four years (2018-21).