Know all 27 commercial agreement at the UK-Africa Investment Summit
UK’s Department for International Development and Department for International Trade have published a summary of 27 commercial deals worth over £6.5 billion from across the African markets.
The Departments say the deals demonstrate that the UK and Africa are securing a lasting commercial partnership of mutual benefit.
“The UK’s world-leading expertise on finance, technology, innovation, and our commitment to clean growth make the UK and Africa natural partners for prosperity,” said a statement from the Department for International Development and Department for International Trade.
Out of the lot, Ghana benefited from three projects worth more than £160 million.
They are Aqua Africa’s £26m export contract to supply solar-powered water filtration systems in Ghana. BHM’s £80.3m work on the Tema-Aflao Road Project and the Tyllium and Ellipse export contract worth £60m to provide 250 new beds for a general hospital in Koforidua in Ghana.
Read the full statement below.
UK-AIS COMMERCIAL DEALS
A summary of 27 commercial deals worth over £6.5bn from across the African markets invited to the UK-Africa Investment Summit
Published 20 January 2020
From: Department for International Development and Department for International Trade.
We are announcing 27 deals worth over £6.5bn from across the African markets invited to this Summit and we are aware of further UK commercial investment into Africa that will be committed at the Summit.
The diverse and fast-growing economies of Africa offer huge potential to UK business. Over £36 billion worth of trade is already happening between the UK and Africa. The deals today show how we are building on that to secure a lasting commercial partnership of mutual benefit. The UK’s world-leading expertise in finance, technology, innovation, and our commitment to clean growth make the UK and Africa natural partners for prosperity.
Deals between UK companies and their African partners include:
1. Aggreko signed an £80m contact extension for energy provision in Cote D’Ivoire
2. Airbus sold £80m of aircraft in Egypt
3. Anglo-Tunisian Oil and Gas invest £26m in Tunisian gas assets.
4. Aqua Africa wins £26m export contract to supply solar-powered water filtration systems in Ghana.
5. Baker Hughes £306m export and investment of deep-sea equipment and scholarships in Mozambique
6. BHM £80.3m work on the Tema-Aflao Road Project in Ghana.
7. Bombardier’s £3,180m construction and operation of 2 monorail lines in Cairo.
8. Contracta Construction UK wins £120.5m export contract to upgrade Kumasi teaching hospital in Ghana.
9. Contracta Construction UK wins £40m export contract to develop Kumasi airport in Ghana.
10. Diageo invests £167m to improved sustainability of breweries in Kenya & East Africa.
11. Globeleq invests £50m to help build of Malindi photovoltaic solar park in Kenya.
12. GSK invests £5m in Egypt to upgrade two production lines.
13. Kefi Minerals invest £224m in a new gold mine and to develop local infrastructure in Kenya.
14. Lagan Group wins a £185 export contract for the construction of Kampala Industrial Business Park in Uganda.
15. Lloyds Register invests £0.76m to set up operations in Mozambique.
16. Low Energy Designs win an export contract to install street lighting for Oyo state in Nigeria.
17. Matalan invests £25m to open 13 new outlets in Egypt.
18. Moy Park to export £12m of frozen chicken to Angola.
19. Nexus Green export £80m of solar-powered water pumping systems for irrigation in Uganda.
20. NMS Infrastructure invests £222m in the construction of 6 hospitals in Côte D’Ivoire.
21. Rolls Royce purchase £50m of aircraft engines in Egypt.
22. Savannah invests £315m in the acquisition and investment of ingas assets in Nigeria.
23. Tex ATC installs 5 Airport control room towers worth £2m in Nigeria.
24. Trilliant installs £5m of Smart Metering to Abuja DisCo In Nigeria.
25. Tullow invests £1,200m in continued oil production in Kenya.
26. Tyllium and Ellipse win an export contract worth £60m to provide 250 new beds for a general hospital in Koforidua in Ghana.
27. Unatrac wins a £1.5m export contract to supply machinery for Ugandan roads.