Overseas Investment: Southern Africa

Department for Business and Trade written question – answered at on 21 November 2023.

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Photo of Robert Buckland Robert Buckland Conservative, South Swindon

To ask the Secretary of State for Business and Trade, what steps she is taking to support sustainable investment in Southern Africa; and if she will publish a sustainable investment plan for Southern Africa.

Photo of Greg Hands Greg Hands Party Chair, Conservative Party, Minister of State (Department for Business and Trade)

The UK’s Economic Partnership Agreements with southern African countries and the UK Developing Countries Trading Scheme enable trade and promote development. UK Export Finance supports the region with billions of pounds of finance or insurance cover available for projects involving UK suppliers. The Prime Minister has announced that he will host the second UK-African Investment Summit in 2024, which will help UK businesses secure sustainable investment into the region and maintain the UK’s position as the leading investor in Africa.

The Government’s plans for sustainable investment in developing economies is set out in the International Development Strategy.

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