UK aid budget could provide guarantees for investors, says AFC CEO Samaila Zubairu

During The Africa Debate, UK Government representatives, including Secretary of State for International Trade, Rt. Hon. Anne-Marie Trevelyan MP and Rt. Hon Vicky Ford MP, reiterated the UK’s commitment to making themselves Africa’s trade partner of choice.

Samaila Zubairu, CEO, Africa Finance Corporation, in his interview with The Africa Report at the summit, explained how the UK should utilise its aid budget to derisk investments in Africa and protect British investors. In doing so, this will incentivise private capital flows into the continent and mitigate concerns such as currency risk which deter investors.

Suggesting 30% of the aid budget is used to this effect on an experimental basis, Samaila Zubairu told The Africa Report, “To bridge that gap – from aid to trade while the perceived risk is high – we must introduce products to make investors feel more comfortable with investing in the continent.” 

Read the full article here: https://www.theafricareport.com/225379/uk-aid-budget-could-provide-guarantees-for-investors-says-afc-ceo-samaila-zubairu/