Theresa May, the Prime Minister, has said during a tour to Africa that she wants the UK to be the largest G7 investor in the region. The Prime Minister, who is visiting South Africa, Kenya and Nigeria during her tour, is hoping that new export markets can be opened up for British businesses following the departure from the European Union.
In a speech made in Cape Town the Prime Minister said:
“I can today announce a new ambition: by 2022, I want the UK to be the G7’s number one investor in Africa, with Britain’s private sector companies taking the lead in investing the billions that will see African economies growing by trillions.
We have the tools to do so. The City of London makes the UK the unrivalled global hub for international investment, with more than £8 trillion of assets under management. We are home to cutting-edge science and technology and world-class defence, diplomacy and development. We are a trusted and trustworthy partner: our legal system is second to none, including some of the toughest anti-corruption laws in the world”.