Browsing: United kingdom export finance

Judge Stuart-Smith said that the UKEF was entitled to view that supporting the project under consideration was in line with obligations under the Paris Climate Change Agreement. He supported the judgement by adding that the UKEF’s view was that the project was in general alignment with Mozambique’s stated climate change policies and was acceptable and not shown to be wrong.

A spokesperson for the UK government was cited by UKEF on March 16, replying to the first judgement by Justice Thornton, saying: “We welcome the judgment and remain confident that UKEF follows robust and internationally recognized due diligence before providing any support for overseas projects.”

Considering that the judges reached no consensus, the Friends of the Earth organization, which mobilized several activists near the court on March 17, said it is awaiting a court order determining the outcome.

The activists and protestants had placards reading “Stop gas funding in Mozambique”, …

There were more than 3,000 delegates that participated in the conference this year, boosting trade and investment ties between the continent and the UK.

The UK government is also mobilizing support from the United Kingdom Export Finance (UKEF) to boost exports to Africa. Prime minister Boris Johnson’s administration, provided support worth US$3.04 billion in 2021.

In West Africa, the support has been directed towards a range of significant infrastructural projects, construction of major roads, environmental and social work, medical services and technological equipment.…