UK channels aid budget as it seeks closer ties with Africa post-Brexit

The Guardian | Jan 17, 2020 at 12:01 AM
  • Britain has unveiled plans to channel part of the £14bn aid budget through the City as it seeks to exploit the global reach of the finance sector to boost investment in Africa.
  • Details of the £395m package were announced by the international development secretary, Alok Sharma, ahead of a high-level UK-Africa investment summit next Monday.
  • The government is currently holding a strategic review of Whitehall which at one stage looked as if it would result in the UK’s aid budget being swallowed up in a new department.