https://sputnikglobe.com/20221207/uk-pledges-788mln-in-economic-support-for-african-countries-1105150165.html
UK Pledges $788Mln in Economic Support for African Countries
UK Pledges $788Mln in Economic Support for African Countries
Sputnik International
This article is dedicated to a recent statement made by the UK foreign office to allocate $788Mln in support for African countries.
2022-12-07T10:46+0000
2022-12-07T10:46+0000
2023-05-28T15:25+0000
africa
east africa
kenya
ethiopia
cop27 in egypt
food security
climate change
financial aid
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Cleverly is on a visit to Kenya and Ethiopia from Wednesday to Thursday. This is his first visit to Sub-Saharan Africa since taking office on September 6.The contribution will help to deliver electricity and improve sanitation for more than 20 million people, as well as create almost 2.5 million jobs, the statement added.The UK and Kenya will also jointly build a green railroad station in Nairobi called Railway City, which was designed by UK architects, the statement noted, adding that London will allocate $97 million for the construction of the station.In addition, the UK's development finance institution British International Investment will sign a new risk-sharing agreement with the African Guarantee Fund to support the development of a green economy and job creation across Africa, the statement read.
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uk, foreign office, financial aid, africa, east africa, humanitarian crisis
uk, foreign office, financial aid, africa, east africa, humanitarian crisis
UK Pledges $788Mln in Economic Support for African Countries
10:46 GMT 07.12.2022 (Updated: 15:25 GMT 28.05.2023) MOSCOW (Sputnik) - UK Foreign Secretary James Cleverly will announce the allocation of 650 million pounds ($788 million) by the United Kingdom to the Africa Development Fund (ADF) to strengthen food security and fight climate change in the poorest African countries, the Foreign Office said on Wednesday.
Cleverly is on a visit to
Kenya and Ethiopia from Wednesday to Thursday. This is his first visit to Sub-Saharan Africa since taking office on September 6.
"The UK will contribute 650 million pounds as part of a wider international financing package of $9 billion for the ADF over the next three years, providing high impact and low-cost finance to Africa's poorest countries. This includes 200 million pounds provided to the ADF's new Climate Action Window that was announced at COP27," Cleverly will announce during his visit, the ministry said in a statement.
The contribution will help to deliver electricity and improve sanitation for more than 20 million people, as well as create almost 2.5 million jobs, the statement added.
The
UK and Kenya will also jointly build a green railroad station in Nairobi called Railway City, which was designed by UK architects, the statement noted, adding that London will allocate $97 million for the construction of the station.
In addition, the UK's development finance institution British International Investment will sign a new risk-sharing agreement with the African Guarantee Fund to support the development of a green economy and job creation across
Africa, the statement read.
