UK-Africa Investment Summit

Department for International Development written question – answered on 13th May 2020.

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Photo of Richard Holden Richard Holden Conservative, North West Durham

To ask the Secretary of State for International Development, what the cost to the public purse was of the UK Africa Investment Summit held on 20 January 2020; and if he will make a statement.

Photo of James Duddridge James Duddridge Parliamentary Under-Secretary (Foreign and Commonwealth Office) (Joint with the Department for International Development)

I can report that the final cost of the UK Africa Investment Summit held on 20 January was £3.14 million. Of this, 83% (£2.62 million) was ODA and 17% (£0.52 million) was non-ODA. This event delivered over £6.5 billion worth of commercial investments in infrastructure, energy, retail and tech; and the Government announced over £1.5 billion of UK aid-funded initiatives that are expected to create hundreds of thousands of jobs and mobilise over £2.4 billion of additional private investment for the continent.

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