Browsing: uk-africa investment summit 2020

Lagan Group to spearhead $250m Ugandan business park project

Belfast-based Lagan group will develop the Kampala Industrial Business Park.

The announcement was made at the UK-Africa Investment Summit in London, which is being hosted by the UK government.

Ugandan President Museveni and other African leaders from 20 other countries attended the summit, hosted by Prime Minister Boris Johnson.

The UK Government confirmed it would loan £185 million to Uganda to help build $246 million of infrastructure for the 2,200 acre Industrial Business Park, located on the outskirts of Kampala.

Also Read: Uganda Umeme secures $70m loan for investment

The construction work, which began two weeks ago, is expected to last around 42 months.

The Department for International Development in London claimed the Kampala project, could eventually create up to 200,000 jobs in Uganda. It also said with staff, materials and equipment being sourced in Northern Ireland it will boost the construction sector in the country.

Lagan Group chairman Kevin …

UK-Africa Investment Summit 2020

The UK-Africa Investment Summit held on Monday saw attendance from dignitaries and delegates from 16 African countries, including President El Sisi of Egypt and Boris Johnson British Prime Minister.

During his opening speech, Prime Minister Johnson said “Look around the world today and you will swiftly see that the UK is not only the obvious partner of choice, we’re also very much the partner of today, of tomorrow and decades to come,”

He referred to Africa as a booming continent with “staggering levels of growth”

Also Read: Seven African climate-resilient projects get ACCF funding

This was the first UK-Africa Investment Summit hosted by the UK Government. It was attended by the foreign secretary, Dominic Raab, the international development secretary, Alok Sharma and Prince Harry.

A plenary panel discussion on ‘Sustainable Finance and Infrastructure – Unlocking the City of London and UK financial services for growth in Africa’ was discussed by …