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Browsing: United Kingdom
Queen Elizabeth II’s leadership of the Commonwealth for the past seven decades has remained admirable. She steered the institution’s evolution into a forum for effective multilateral engagement whose potential to drive tremendous socioeconomic progress remains incontestable and redounds to the Queen’s historic legacy.
Over the years, Britain’s interactions with its former colonies in Africa have grown to diplomacy, aid, trade and economic growth. The Queen has, over the years, remained highly revered and recognized as the head of the Commonwealth. The Queen has now rested. Her death breeds a wave of uncertainty about the future of the organization. The possibility of the status of the British monarch also disappearing becomes more visible. At this point, the rout of the British monarchy in Africa could be complete.
The United Kingdom (UK) has played a key role in participating in commercial investments in Africa in major production areas with varying results.
According to The Carnegie Endowment, “UK investors accounted for the second-largest FDI stock in Africa in 2019 with US$66 billion, with roughly 83 per cent concentrated in oil, gas, mining, and financial services.”
However, the connection between the two areas is important. After the UK’s post-Brexit foreign and development policy, the relationship between the two was strengthened in 2020 during the UK Africa Investment Summit, thanks to the establishment of the UK’s Foreign, Commonwealth, and Development Office.
At the Commonwealth Heads of Government Meeting (CHOGM) this year in Rwanda, common principles and plans for improving people’s lives were reaffirmed. The most ideal goal to which almost every country in the region aspires is the economic prosperity of Africa.
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The UK-based investment company has built a market-leading research strategy to facilitate decisions involving property investment. The investor simply chooses what would be suitable for them; the company gives a step-by-step guide on choosing the right property to purchase in the United Kingdom.
This strategy gives the investor the power and confidence to ask the right questions for profitable property investment in the country.
According to Mark Pearson, Baron & Cabot’s primary goal is to ensure the property investment process remains transparent and straightforward, even as the demand for property investment rises among African investors.
There were more than 3,000 delegates that participated in the conference this year, boosting trade and investment ties between the continent and the UK.
The UK government is also mobilizing support from the United Kingdom Export Finance (UKEF) to boost exports to Africa. Prime minister Boris Johnson’s administration, provided support worth US$3.04 billion in 2021.
In West Africa, the support has been directed towards a range of significant infrastructural projects, construction of major roads, environmental and social work, medical services and technological equipment.
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Investors from the United Kingdom (UK) have been invited to tap into emerging business opportunities in Kenya on the promise that the East African nation remains one of the most attractive investment destinations in Africa.
President Uhuru Kenyatta who is in the European country made the invitation during a business forum hosted by UK Foreign Secretary Dominic Raab and the Lord Mayor of the City of London William Russell at Mansion House, the Lord Mayor’s official residence.
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