Britain is shifting its development strategy in Africa, focusing on unlocking private investment for key sectors rather than relying on traditional aid. The move comes as the U.K. has reduced its overall aid budget by 40 percent this year.
Focus on Private Capital
Officials say the strategy is designed to unlock private finance for sectors African governments have prioritized, including infrastructure, energy, and industrial development. “The whole point of this is to scale up private capital for Africa’s development priorities,” said a government representative, underscoring the shift away from grant-based assistance.
The policy represents a significant Africa-focused move by the current British government, which has been in office for over a year. It also occurs during a period of global trade uncertainty, following recent volatile tariff decisions from the United States that have impacted supply chains.
The United States has also indicated its intention to strengthen commercial ties with Africa, particularly concerning critical minerals and energy, highlighting the continent’s growing importance in global economic strategy.
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