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Reaction to UK-Africa Investment Summit

WASHINGTON – Nick Dearden, director of Global Justice Now, said:

“The supposedly transformative £6.5bn British investment in Africa announced today includes investment in oil, gas, gold mining and airlines. In fact, the second largest investment is in oil production.(1) So much for fostering ‘climate friendly’ development. Over half the investment is in one single country – Egypt, run by a repressive and authoritarian government.

In the nineteenth century, the ‘scramble for Africa’ was carefully disguised as a humanitarian project. 150 years later, what we saw at the UK-Africa summit today was a desperate and unseemly grab for markets, dressed up as ‘development’.”

(1) https://www.gov.uk/government/news/uk-ais-commercial-deals

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