Browsing: UK

• UK’s $18.86M investment  will support healthcare workers recruitment and retention efforts in Kenya, Nigeria, and Ghana.
• Financing is seen as a boost to achieving universal health coverage while bolstering global pandemic preparedness.
• The three countries were selected for the financing due to their evident need for workforce support.

In a significant move to address pressing healthcare workers’ challenges in Africa, the UK government has allocated $18.86 million in funding to boost healthcare staffing levels in Kenya, Nigeria, and Ghana.

This investment is geared towards supporting healthcare staff recruitment and retention efforts. Overall, the investment seeks to fortify these nations against global health crises.

UK Health Minister Will Quince, speaking on the importance of this funding, emphasized that it aims to enhance the performance of health systems in these countries. Quince added that the initiative will have a cascading effect on improving global pandemic preparedness and reducing health disparities.

Boosting global

• Ghana and the UK have unveiled an investor group to help identify mutually beneficial investment opportunities.
• Target industries are pharmaceuticals, textiles, and agro-processing.
• The announcement at the 8^th UK-Ghana Business Council meeting in London, saw the two countries commit to strengthen trade and increase investment.

The UK and Ghana are looking to further strengthen boost their existing trade partnership with a new investor group. The two countries have launched a new investor group to help identify mutually beneficial investment opportunities boost existing economic partnership.

The announcement at the 8^th UK-Ghana Business Council meeting in London, co-chaired by the Minister for Development and Africa, Andrew Mitchell, the Minister for International Trade, Nigel Huddleston, and the Vice-President of Ghana, Dr Mahamudu Bawumia, comes as the two countries committed to strengthen trade and increase investment.

Generate leads on viable projects

The business-led UK-Ghana Investor Group will include UK investors and key …

Speaking on the first day of COP27 in Egypt, Dr. Adesina said the funding would strengthen collective efforts to build climate resilience for African countries which are suffering from increasing frequencies of droughts, floods and cyclones that are devastating economies in Africa.

The Glasgow Climate Pact included a commitment from donors to double adaptation finance in 2025 from 2019 levels. Earlier, Sunak announced that the UK will surpass that target and triple adaptation funding from £500 million in 2019 to £1.5 billion in 2025. The funding package provided to AfDB will be part of this commitment.

The Netherlands has also announced that it will contribute to the CAW alongside the UK funding. The Foreign Secretary has called on other countries to contribute over the coming months.

Sunak also confirmed during the COP27 in Egypt that the UK is delivering the target of spending £11.6 billion on International Climate Finance (ICF) …

The United Kingdom (UK) has played a key role in participating in commercial investments in Africa in major production areas with varying results.…

According to The Carnegie Endowment, “UK investors accounted for the second-largest FDI stock in Africa in 2019 with US$66 billion, with roughly 83 per cent concentrated in oil, gas, mining, and financial services.” 

However, the connection between the two areas is important. After the UK’s post-Brexit foreign and development policy, the relationship between the two was strengthened in 2020 during the UK Africa Investment Summit, thanks to the establishment of the UK’s Foreign, Commonwealth, and Development Office.

At the Commonwealth Heads of Government Meeting (CHOGM) this year in Rwanda, common principles and plans for improving people’s lives were reaffirmed. The most ideal goal to which almost every country in the region aspires is the economic prosperity of Africa.…

• US, EU pledge to cut global methane and greenhouse gas emissions by at least 30 per cent by 2030.
• 16 Southern African Development Community (SADC) states have recorded 36 per cent of all weather-related disasters in Africa.
• China, the world’s largest emitter of methane, India and Russia are not part of a pledge to cut down emissions.

The 26th Conference of Parties (COP26) has demonstrated to the world action towards climate change is possible.

As heads of state converge and pledge crucial issues including, the US and European Union announced a global methane pledge, cutting emissions of greenhouse gas by at least 30 per cent by 2030.

The conference, which is attended by countries that signed the United Nations Framework Convention on Climate Change (UNFCCC), has been drawing international attention as climate change impacts the global economy, especially developing economies across the world.

In that context, Africa as a region …

Kenya has received a coronavirus vaccine donation from the United kingdom, following the meeting between President Uhuru Kenyatta and British Prime Minister Boris Johnson earlier this week.

The East African nation received 410, 000 doses of the AstraZeneca COVID-19 vaccine Saturday, as part of the 817, 000 doses that Kenyatta secured during his three-day visit of London earlier this week.

The remaining doses which were donated through the COVAX facility is expected to arrive in the country in the coming days ahead.

The arrival of the vaccines come days after President Uhuru Kenyatta urged the global community to heighten efforts in promoting equity in the distribution of COVID-19 vaccines.

Speaking to Sky News in London, President Kenyatta underscored that the world can only be save if everybody gets to be vaccinated against the virus.

He noted that Kenya is ready to manufacture the COVID-19 vaccines but regretted that the only …

Investors from the United Kingdom (UK) have been invited to tap into emerging business opportunities in Kenya on the promise that the East African nation remains one of the most attractive investment destinations in Africa.

President Uhuru Kenyatta who is in the European country made the invitation during a business forum hosted by UK Foreign Secretary Dominic Raab and the Lord Mayor of the City of London William Russell at Mansion House, the Lord Mayor’s official residence.…

It is no brainer that many foreign countries have been eyeing Africa for trade and investments purposes. Africa is known of its rich mineral land and unexploited resources that mother countries have lacked required capital and technical skills to do it themselves from oil, diamonds, gold not to mention all the agricultural products such as coffee, tea, cocoa etc.

United States of America, one among the biggest ranked economies in the world has had interests in doing business in Africa since time immemorial, at the time when Vice President Richard Nixon after winding his trip in Africa recommended to then  President Dwight Eisenhower of the greater potential of drawing attention in Investing in Africa and so has been that not with U.S.A but the likes of China, United Kingdom, and other countries such as Japan as had their good sharable investment steps in doing business in the continent.

The Obama …

Tanzania’s President John Magufuli has ordered the country’s Ministry of Minerals to allocate land to iron and other metal smelters; and to lure investors quickly, the president said the land allocation may even be done at ‘no direct charge’ to the investor.

The President issued the order at a swearing in ceremony for the ministry’s new deputy minister, on Friday 11.12.20. President Magufuli was emphatic over the sector’s potential to contribute to national development. He specifically named a few areas that have already been identified to have ‘millions of tonnes of iron deposits.

“We have so much iron deposit, if the smelters ate willing to melt stolen rails they are willing to smelt iron ores,” he said.

“Give investors areas to mine iron and other metals and minerals,” he went on to say and even pointed out that “…even right here at the capital, we have iron deposits.”

With that, …