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star this property registered interest false more like this
star this property date less than 2019-07-17more like thismore than 2019-07-17
star this property answering body
Department for International Development more like this
star this property answering dept id 20 more like this
unstar this property answering dept short name International Development more like this
star this property answering dept sort name International Development more like this
star this property hansard heading Africa: Overseas Aid more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
unstar this property question text To ask the Secretary of State for International Development, with reference to the announcement by the French Development Agency of €1 billion in equity and €1 billion in loans being made available to African entrepreneurs through the programme Choose Africa, what assessment he has made of the potential merits of the UK adopting a similar scheme. more like this
star this property tabling member constituency Newcastle upon Tyne Central more like this
star this property tabling member printed
Chi Onwurah more like this
star this property uin 278487 remove filter
star this property answer
answer
star this property is ministerial correction false more like this
unstar this property date of answer less than 2019-07-22more like thismore than 2019-07-22
star this property answer text <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>
star this property answering member constituency West Worcestershire remove filter
star this property answering member printed Harriett Baldwin more like this
star this property question first answered
less than 2019-07-22T16:10:45.747Zmore like thismore than 2019-07-22T16:10:45.747Z
star this property answering member
4107
star this property label Biography information for Harriett Baldwin more like this
star this property tabling member
4124
unstar this property label Biography information for Chi Onwurah more like this