Economy

UK signs trade deals with African countries ahead of Brexit

CAPE TOWN, SOUTH AFRICA (AUGUST 28, 2018) (UK POOL) – British Prime Minister Theresa May said on Tuesday (August 28) the United Kingdom wants to grow the trade on African continent as it prepares to leave the European Union by signing trade agreements with six African countries.

May, battling to unite her divided Conservative Party over her plan to take Britain out of the European Union, is visiting South Africa, Nigeria and Kenya on her first official trip to the continent.

Speaking during a joint news conference with South African President Cyril Ramaphosa, May said Britain would make more scholarships available for brightest African students ‘to support the continent’s talented future leaders and decision’.

In a speech in Cape Town earlier on Tuesday, May said she wanted Britain to become the biggest investor in Africa out of the Group of Seven nations, overtaking the United States, by using the aid budget to help British companies invest on the continent.

May’s government has held out the prospect of increased trade with non-European Union countries as one of the major selling points of Brexit as it prepares to leave the bloc, currently its biggest trading partner, in March next year.


Associated Links

  • Geography of Africa
  • Africa
  • Commonwealth of Nations
  • Cape Town
  • South Africa
  • African Free Trade Zone

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