UK in Sh3.9 billion funding for Africa - News Summed Up

UK in Sh3.9 billion funding for Africa


By AGGREY MUTAMBOMore by this AuthorThe British government has announced the initial £30 million (Sh3.9 billion) funding for security and development projects in Africa, in what could be seen as the first step to cement alternatives in the wake of Brexit chaos. SECURITYIn 2016, Kenya and the UK signed the new Defence Cooperation Agreement worth Sh7.5 billion a year, and it consists of one of Britain’s largest military centres outside the UK. CHINAIn Africa, the UK faces competition from China, which is offering loans without political conditions and is involved in most infrastructure projects. During her tour of South Africa, Kenya and Nigeria last year, Ms May said her government will not attempt to counter Chinese hegemony, but will offer a better alternative. She also argued the UK imported (Sh38.5 billion) more than it sold to Kenya (Sh30 billion).


Source: Daily Nation February 22, 2019 17:03 UTC



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