20 Jan UK pledges £620 million towards African infrastructure projects
The UK will provide approximately £620 million in funding for vital infrastructure work in Ghana, Zambia, Gabon and Uganda through its credit agency UK Export Finance (UKEF).
The UK government’s International Trade Secretary Liz Truss will unveil the plans later today at the UK-Africa Investment Summit in London.
In Ghana, the funding will go towards 750 hospital beds for maternity care and an upgrade terminal at Kumasi airport in the Ashanti Region. Meanwhile in Zambia UKEF will fund 600 hospital beds and 108 healthcare centres powered by solar energy.
An industrial business park will be built in Uganda and equipment for a roads project will also be supplied. Finally, there will be upgrades to over 80 km of road surfaces in Gabon.
UK companies have been awarded the contracts to deliver these construction projects.
“Africa is home to eight of the 15 fastest growing economies in the world and its economic prosperity matters to the UK,” said Truss. “We want the UK to be the partner of choice in Africa so I am delighted that British expertise will form a key component of these infrastructure projects.