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.