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1172204

	registered interest
	date	21/01/2020
	answering body	Department for International Development
	answering dept id	20
	answering dept short name	International Development
	answering dept sort name	International Development
	hansard heading	UK-Africa Investment Summit
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for International Development, whether the Africa-UK Investment Summit will be an annual event.
	tabling member constituency	Newcastle upon Tyne Central
	tabling member printed	Chi Onwurah
	uin	6102
	answer	answer is ministerial correction date of answer 27/01/2020 answer text <p>This Summit achieved its objectives of laying the foundations for a new stronger relationship between the UK and Africa based on mutually beneficial trade and investment, which will deliver for all our people. Following our departure from the European Union, the Government will build further on these foundations, in a range of ways, to realise the UK’s ambition to be the investment partner of choice for Africa, to create hundreds of thousands of jobs and to ensure the mutual prosperity of all our nations.</p><p> </p><p>I have placed a copy of the UK Government’s statement on the Summit in the Library of the House. The statement is also available on <a href="https://www.gov.uk/government/publications/uk-government-statement-on-the-uk-africa-investment-summit" target="_blank">gov.uk</a>.</p> answering member constituency Pendle answering member printed Andrew Stephenson question first answered 27/01/2020 13:31:06 answering member 4044 label Biography information for Andrew Stephenson
	tabling member	4124 label Biography information for Chi Onwurah

1172206

	registered interest
	date	21/01/2020
	answering body	Department for International Development
	answering dept id	20
	answering dept short name	International Development
	answering dept sort name	International Development
	hansard heading	UK-Africa Investment Summit
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for International Development, what the outcomes of the UK-Africa Investment Summit 2020 were; and what plans he has to support to grassroots partnerships developed as a result of that summit.
	tabling member constituency	Newcastle upon Tyne Central
	tabling member printed	Chi Onwurah
	uin	6103
	answer	answer is ministerial correction date of answer 27/01/2020 answer text <p>The Summit laid the foundations for new partnerships between the UK and African nations based on trade, investment, shared values and mutual interest. Billions of pounds of new commercial deals were announced highlighting the strength of the UK’s offer and existing relationship with Africa.</p><p>The UK also announced new initiatives and funding which will: strengthen the joint trading relationship, support African countries in their ambition to transform their economies, launch a major new partnership with the city of London, turbo-charge infrastructure financing, and enable Africa’s clean energy potential. For example, the Government announced it will be scaling up its Financial Sector Deepening Network programme by a further £320mn. This programme is aimed at strengthening financial systems across Africa to make them more attractive to international investors by providing support to countries to meet global standards and by deepening and driving cross-border banking across the continent.</p><p>I have placed a copy of the UK Government’s statement on the Summit in the Library of the House. The statement is also available on <a href="https://www.gov.uk/government/publications/uk-government-statement-on-the-uk-africa-investment-summit" target="_blank">gov.uk</a>.</p> answering member constituency Pendle answering member printed Andrew Stephenson question first answered 27/01/2020 13:31:44 answering member 4044 label Biography information for Andrew Stephenson
	tabling member	4124 label Biography information for Chi Onwurah