Theresa May pledges US$5.15bn to support African economies

SOWETO SOUTH AFRICA- MARCH 23 President Nelson Mandela leans forward as he speaks with Queen Elizabeth II at Avalon cemetery in Soweto outside Johannesburg 23 March. The Queen unveiled a memorial to commemorate 600 black soldiers who died when the SS

Image The Queen unveiling the memorial with Nelson Mandela

British Prime Minister Theresa May said she will make major investments in Africa.

Taking this into consideration, one cannot help but see the true reasons behind this high delegation visit to unarguably the three leading African Economies in Africa and biggest "past" colonies of Britain.

Dr Fox, speaking to the BBC, said: "Some of us remember the supposed economic shock we were going to get if Britain voted to leave the European Union and the result of the referendum itself was going to cost us half a million jobs, it was going to see investors desert the United Kingdom and our economy plunge into recession".

There is a chronic need for private and public investment to create better opportunities in Africa to prevent the next generation falling further into poverty, potentially fuelling instability and mass migration with direct consequences for Britain.

This will support hundreds of thousands of jobs, build stability and trigger growth in some of the poorest and most fragile countries.

"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", May said.

In a government meeting convened to discuss this, Philippe "tasked ministers to prepare contingency measures that would be necessary.to mitigate the difficulties linked with this unprecedented challenge", it said.

She said that her country was not fazed by South Africa's land expropriation without compensation policy.

After talks with May, Ramaphosa welcomed Britain's role in his efforts to secure $100 billion of foreign investment to revive South Africa's sluggish economy and soaring unemployment.

Mr Babatunde Ruwase, the President, Lagos Chamber of Commerce and Industry (LCCI), said that the business community should position itself to explore the various opportunities and maximise the benefits of the mutual partnership.

The fintech partnership which is 2 million pounds ($2.6 million) is to support Nigerian innovators.

London and Brussels hope to strike a deal by October, to allow its ratification by the European and British parliaments before Britain leaves the EU.

Labour's Shadow Home Secretary Diane Abbott said Mrs May's "warm words" rang hollow as her government had cut Border Force staff and police officers, who were "the frontline in the fight against modern slavery".

This also confirms the words of the great Pan-African and Legal luminary, Professor Patrick Loch Otieno Lumumba of Kenya when he said in essence that Britain's main aim of leaving the European Union was because of the opposition she receives from countries like Germany and France.

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