International Development Secretary launches new venture to create rich pipeline of infrastructure projects across Africa

The UK is partnering with five African countries to mobilise private sector investment in quality, environmentally-friendly infrastructure projects, International Development Secretary Alok Sharma announced.

Speaking at the UK-Africa Investment Summit in London, Mr. Sharma said the UK will partner with Egypt, Ethiopia, Ghana, Kenya and Uganda to design a new facility to plan, deliver and support finance to a range of infrastructure projects across Africa that are attractive to businesses and investors.

Sustainability will be central to these new infrastructure projects, focusing on investments with low carbon emissions and projects that will be resilient to a changing climate.

Alongside this, Mr. Sharma pledged extra UK aid to help African governments raise finance to deliver much needed high-quality public sector infrastructure projects, such as building schools and hospitals and boosting access to clean energy and water supplies for the poorest people.

Mr. Sharma also announced a new infrastructure partnership with the African Development Bank (AfDB) to boost quality infrastructure projects throughout Africa and drive economic growth.

Original source: DFID
Published on 20 January 2019