Follow CAP on Social Media

Listen to the CAP Podcast

In a Bid to Challenge China, Britain Will Reallocate $500 Million of its Aid Budget to Jump Start Private Sector Investment in Africa

African leaders from 20 countries are in London today where they will take part in the UK-Africa Investment Summit. The summit, hosted by Prime Minister Boris Johnson, aims to chart a new post-Brexit course for British foreign policy on the continent that has largely been focused aid and humanitarian development. 

In a bid boost private sector engagement and to elevate the role of London’s financial services hub, known as The City, the government announced plans to direct around $500 million (£395 million) from their $18 billion aid budget to help money from private sector investors to more easily flow to Africa.

  • Get a daily email packed with the latest China-Africa news and analysis.
  • Read exclusive insights on the key trends shaping China-Africa relations.
  • Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.

What is The China-Africa Project?

Independent

The CAP is passionately independent, non-partisan and does not advocate for any country, company or culture.

News

A carefully curated selection of the day’s most important China-Africa stories. Updated 24 hours a day by human editors. No bots, no algorithms.

Analysis

Diverse, often unconventional insights from scholars, analysts, journalist and a variety of stakeholders in the China-Africa discourse.

Networking

A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.