Press release

Jeremy Hunt: 'Time for the world to see African nations as partners for investment and trade'

Foreign Office business delegation sign deals worth 拢82 million.

This was published under the 2016 to 2019 May Conservative government
Jeremy Hunt speaking at an event in Nigeria, with a 'Business is GREAT' banner behind him,
  • the signed deals will see up to 1600 new jobs in Nigeria and Ghana, and at least 150 in UK
  • 拢30 million of UK funding to help transform agriculture in Ghana

Speaking in Ghana on the second day of his trip to Africa, the Foreign Secretary Jeremy Hunt commits to supporting 鈥楪hana beyond aid鈥� as he highlights how UK aid is building partnerships and boosting prosperity across the continent, welcoming new business deals with British companies in Ghana and Nigeria worth 拢82 million.

In Ghana, the cabinet have approved a 拢26 million agreement with British business Aqua Africa to reduce water poverty in the country. This new business link will create 600 new jobs in the region and will help at least 250,000 people access clean water.

This follows the announcement earlier this year of 拢130 million of UK Export Finance backed projects, including a 拢78.4 million project to expand and refurbish Kumasi Market in Kumasi, Ghana鈥檚 second city. This project, due to break ground on 2 May 2019, is in one of the biggest trading hubs in West Africa, and will provide upgraded, modern facilities allowing the market to grow and prosper, directly supporting Ghana鈥檚 economic development.

Travelling to Nigeria later today for the inaugural meeting of the UK/Nigeria Economic Development Forum (announced by the Prime Minister last year), the Foreign Secretary will also announce a 拢56 million deal which will see British technology helping to keep Nigeria鈥檚 commuters on the move.

Speaking in Abuja the Foreign Secretary will announce that British firm Bekoz, in collaboration with pan-African firm Interswitch, will be providing the contactless card technology that allows people to travel around Nigeria鈥檚 travel infrastructure, similar to London鈥檚 Oyster system.

Much of the manufacturing will be done in Wales, and the deal is expected to create jobs in the UK.

Foreign Secretary Jeremy Hunt said:

I鈥檓 delighted to be in Ghana today to announce almost 拢82 million worth of new British business deals here and in Nigeria. The economic opportunities we see right now in Africa are tremendous, with enormous potential to grow. We must not see African nations as recipients of our charity, but rather as partners and destinations for our investment and trade.

While in Ghana he also announced 拢30 million of UK funding for building and developing markets for agriculture and trade that create jobs, increase incomes and improve resilience to climate change. The Agricultural Transformation in Ghana (ATG) programme will increase income by 25% for over 300,000 farmer households, helping over 1 million individuals by 2025. Department for International Development funding will stimulate at least 拢60 million in private sector investment aimed at enhancing smallholder farmers鈥� productivity and resilience.

Find out more about the Foreign Secretary鈥檚 visit to Africa.

Additional information

The business delegation accompanying the Foreign Secretary will include:

  • Aqua Africa
  • Bechtel
  • BHM Construction
  • Biwater
  • BP
  • CDC
  • London Stock Exchange
  • Ordnance Survey
  • OSTC
  • Plexus Cotton

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Published 30 April 2019