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<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>
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