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<p>The UK is committed to supporting entrepreneurship in Africa to grow local economies, create jobs, reduce poverty and support sustainable development. Last summer, the PM announced that CDC Group, the UK’s Development Finance Institution, would invest up to £3.5 billion in businesses in Africa over four years (2018 to 2021). CDC has already committed £1.9bn in Africa over the last 3 years (2016-2018). CDC is invested in 698 different companies in Africa, directly supporting 370,000 jobs.</p><p>Through CDC and other country specific initiatives, we will mobilise a further £4 billion of private investment for Africa. This investment will allow businesses to grow, produce goods and services for local people, generate income and tax revenues, and help address the financing gap for meeting the Sustainable Development Goals.</p><p>In January next year, the UK will convene an Africa Investment Summit to further promote investment in Africa and to strengthen the partnership with UK investors and companies.</p> |