Economy

May wants UK to be G7’s ‘number one’ investor in Africa

British Prime Minister Theresa May said during her visit to South Africa that she wants the UK to be the biggest investor in the continent out of the G7 nations.
CAPE TOWN, SOUTH AFRICA (UK POOL) – British Prime Minister Theresa May announced a new ambition to boost investment in Africa at a news conference in Cape Town on Tuesday (August 28).

May said she wants Britain to become the biggest investor in Africa out of the G7, overtaking the United States, by using the aid budget to help British private sector companies invest on the continent.

She also said that Britain supports South Africa’s land reform program, provided it is carried out legally, adding that she would discuss the topic with President Cyril Ramaphosa later in the day.

May, battling to unite her divided party over her plan to take Britain out of the European Union, will also visit Nigeria and Kenya as part of a three-day visit to Africa alongside a group of business delegates.


Associated Links

  • Group of Seven
  • World
  • Structure
  • 3rd millennium
  • 44th G7 summit
  • 43rd G7 summit

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