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The Trumpet Newspaper Issue 511 (January 29 - February 11 2020)

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Business<br />

JANUARY <strong>29</strong> - FEBRUARY <strong>11</strong> <strong>2020</strong><br />

Deals worth billions signed at UK-<br />

Africa Investment Summit<br />

<strong>The</strong><strong>Trumpet</strong><br />

Page5<br />

As the United Kingdom (UK)<br />

seeks to boost trade in view of its<br />

imminent exit from the European<br />

Union, it has emphasised its aim to be<br />

Africa’s partner of choice for trade and<br />

investment.<br />

This stance was made during the UK-<br />

Africa Investment Summit hosted by<br />

Prime Minister Boris Johnson which took<br />

place in London.<br />

In the lead up to the Summit, £6.5<br />

billion of commercial deals were signed<br />

by British companies and Africa to<br />

deliver jobs, growth and investment<br />

across the UK and Africa, with further<br />

deals worth billions made during the<br />

Summit.<br />

<strong>The</strong>y deals involved well-known<br />

British firms such as Matalan, who have<br />

announced a £25m investment into Egypt<br />

to launch <strong>11</strong> new shopping outlets; GSK<br />

who have committed a further £5m<br />

investment into Egypt; and Diageo who<br />

have announced a £167m investment into<br />

Kenya and East Africa to support the<br />

sustainability of breweries.<br />

International Development Secretary<br />

Alok Sharma said: ‘We have much to<br />

offer African nations - UK aid is tackling<br />

climate change and supporting women<br />

entrepreneurs, our tech and digital<br />

expertise is helping Africa grow new<br />

industries and the City of London is<br />

channelling billions of private investment<br />

into Africa, boosting jobs and growth.<br />

‘This Summit is a major step in<br />

unlocking the UK’s unique offer,<br />

becoming Africa’s investment partner of<br />

choice and benefiting people and<br />

businesses across the UK and Africa.<br />

International Trade Secretary Liz<br />

Truss said: ‘It’s great to see so many<br />

British firms paving the way in trading<br />

and investing in the region to drive<br />

growth, create jobs and boost vital<br />

infrastructure.<br />

A summary of the deals<br />

Deals between UK companies and their<br />

African partners include:<br />

· Aggreko signed an £80m contact<br />

extension for energy provision in Cote<br />

D’Ivoire<br />

· Airbus sold £80m of aircraft in Egypt<br />

· Anglo-Tunisian Oil and Gas invest<br />

£26m in Tunisian gas assets.<br />

· Aqua Africa win £26m export<br />

contract to supply solar powered<br />

water filtration systems in Ghana.<br />

· Baker Hughes £306m export and<br />

investment of deep-sea equipment<br />

and scholarships in Mozambique<br />

· BHM £80.3m work on the Tema-<br />

Aflao Road Project in Ghana.<br />

· Bombardier’s £3,180m construction<br />

and operation of 2 monorail lines in<br />

Cairo.<br />

· Contracta Construction UK win<br />

£120.5m export contract to upgrade<br />

Kumasi teaching hospital in Ghana.<br />

· Contracta Construction UK win £40m<br />

export contract to develop Kumasi<br />

airport in Ghana.<br />

· Diageo invest £167m to improved<br />

sustainability of breweries in Kenya<br />

& East Africa.<br />

· Globeleq invest £50m to help build of<br />

Malindi photovoltaic solar park in<br />

Kenya.<br />

· GSK invest £5m in Egypt to upgrade<br />

two production lines.<br />

· Kefi Minerals invest £224m in a new<br />

gold mine and to develop local<br />

infrastructure in Kenya.<br />

· Lagan Group win a £185 export<br />

contract for the construction of<br />

Kampala Industrial Business Park in<br />

Uganda.<br />

· Lloyds Register invest £0.76m to set<br />

up operations in Mozambique.<br />

· Low Energy Designs win an export<br />

contract to install street lighting for<br />

Oyo state in Nigeria.<br />

· Matalan invest £25m to open 13 new<br />

Prime Minister Boris Johnson at the UK-Africa Investment Summit<br />

outlets in Egypt.<br />

· Moy Park to export £12m of frozen<br />

chicken to Angola.<br />

· Nexus Green export £80m of solar<br />

powered water pumping systems for<br />

irrigation in Uganda.<br />

· NMS Infrastructure invest £222m in<br />

the construction of 6 hospitals in Côte<br />

D’Ivoire.<br />

· Rolls Royce purchase £50m of<br />

aircraft engines in Egypt.<br />

· Savannah invest £315m in the<br />

acquisition and investment of ingas<br />

assets in Nigeria.<br />

· Tex ATC install 5 Airport control<br />

room towers worth £2m in Nigeria.<br />

· Trilliant install £5m of Smart<br />

Metering to Abuja DisCo In Nigeria.<br />

· Tullow invest £1,200m in continued<br />

oil production in Kenya.<br />

· Tyllium and Ellipse win an export<br />

contract worth £60m to provide 250<br />

new beds for a general hospital in<br />

Koforidua in Ghana.<br />

· Unatrac win a £1.5m export contract<br />

to supply machinery for Ugandan<br />

roads.<br />

UK-Africa Investment Summit <strong>2020</strong><br />

UK-Africa Investment Summit <strong>2020</strong>

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