Question to the Department for International Development:
To ask the Secretary of State for International Development, what the cost to the public purse was of the UK Africa Investment Summit held on 20 January 2020; and if he will make a statement.
I can report that the final cost of the UK Africa Investment Summit held on 20 January was £3.14 million. Of this, 83% (£2.62 million) was ODA and 17% (£0.52 million) was non-ODA. This event delivered over £6.5 billion worth of commercial investments in infrastructure, energy, retail and tech; and the Government announced over £1.5 billion of UK aid-funded initiatives that are expected to create hundreds of thousands of jobs and mobilise over £2.4 billion of additional private investment for the continent.