U.K. Seeks to Be Largest G-7 Investor in Africa
Port of Durban, Sotuh Africa
Photographer: Waldo Swiegers/BloombergThis article is for subscribers only.
The U.K. is working toward being the biggest investor in Africa among the Group of Seven nations, Trade Commissioner for Africa Emma Wade-Smith said as the country prepares to leave the European Union at the end of the month.
The country in September signed a trade-continuity agreement with five members of the Southern African Customs Union and Mozambique to govern trade between them after the U.K. leaves the EU on Oct. 31, and has signed a similar pact with Tunisia for post-Brexit arrangements, Wade-Smith said in an interview on Bloomberg Television Monday. The U.K. sees opportunities in infrastructure and clean energy, and wants to form stronger, long-term partnerships in the region, she said.