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<p>The UK is committed to supporting entrepreneurship in Africa to grow local economies,
create jobs, reduce poverty and support sustainable development. Last summer, the
PM announced that CDC Group, the UK’s Development Finance Institution, would invest
up to £3.5 billion in businesses in Africa over four years (2018 to 2021). CDC has
already committed £1.9bn in Africa over the last 3 years (2016-2018). CDC is invested
in 698 different companies in Africa, directly supporting 370,000 jobs.</p><p>Through
CDC and other country specific initiatives, we will mobilise a further £4 billion
of private investment for Africa. This investment will allow businesses to grow, produce
goods and services for local people, generate income and tax revenues, and help address
the financing gap for meeting the Sustainable Development Goals.</p><p>In January
next year, the UK will convene an Africa Investment Summit to further promote investment
in Africa and to strengthen the partnership with UK investors and companies.</p>
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