Theresa May pledges to invest $5.1 billion in Africa
During a three-day tour of Africa, British Prime Minister Theresa May pledged 4 billion pounds to support African markets in an attempt to strengthen trade deals.
In a Sunday press release, May stated that that the goal of Britain after leaving the EU would be to “strengthen its global partnerships” further saying that she was “looking forward to discussing how we can do that alongside Africa to help deliver important investment and jobs as well as continue to work together to maintain stability and security.”
May said that they will treat the African nations as “equal partners” with a goal of long-term economic growth. “True partnerships are not about one party doing unto another, but states, governments, businesses and individuals working together in a responsible way to achieve common goals”.
Another goal of the investment is to address security issues across Africa by supporting states that are under threat from Islamic terrorism.
While in South Africa, May announced the expansion of scholarships for African students to attend college in the U.K.
May stated that the U.K. will continue the EU’s existing trade deals with the Southern African Customs Union. The union allows its members easy access to British markets.