Theresa May has announced plans to boost the UK investment in Africa after leaving the European Union. The declaration of intention took place during her first trip to the continent as prime minister.
In a speech in Cape Town, May pledged four billion pounds in support for African economies, especially aiming on fighting unemployment among young people.
May also pledged a “fundamental shift” in aid spending to focus on long-term economic and security challenges rather than short-term poverty reduction.
The prime minister will also visit Nigeria and Kenya during the three-day travel though the continent.
On her way to South Africa, the prime minister dismissed warnings from the chancellor about possible economic damage of no-deal scenario could would cause.
Talking to journalists on board RAF Voyager on Tuesday, 28 August, May reiterated that she believed a no-deal Brexit was still better than a bad deal – adding no-deal “wouldn’t be the end of the world“.
Prime minister’s Common Wealth trip foreseeing meetings the presidents of all three countries – aims to deepen economic and trade ties with growing African economies ahead of Britain leaving the EU end of March 2019.
Contradictory information comes from South African leader Cyril Ramaphosa, who delivers different narratives to different players. Previously Ramaphosa said he intended to organise land summit in April, but the event did not take place. However during his visit to London he reassured Queen Elizabeth there won’t be such expropriation without compensation.
During his first official visit to Britain as South Africa’s President, Cyril Ramaphosa met Queen Elizabeth and Prime Minister Theresa May. At present Ramaphosa is in London for the Commonwealth summit starting on Thursday, April 19.
The President is using his visit to Britain to launch his plan for attracting a trillion in foreign direct investments to South Africa.