To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, how much the Government investment in Africa in 2021; and how that figure compares with investment made by (a) China, (b) the US, (c) France and (d) other major partners of Africa.
Answered on
26 January 2022
In 2020, CDC - the UK Government Development Finance Institution (DFI) - invested over $1 billion of finance into Africa (60 per cent of its portfolio) and the Private Infrastructure Development Group (PIDG), of which the UK provides approximately 70 per cent of total funding, invested a further $370 million into Africa (69 per cent of its portfolio).
Due to its investments, the UK Government also mobilises additional private sector finance into Africa. Latest available figures of private finance mobilised by the UK and other OECD countries can be found at https://www.oecd.org/development/financing-sustainable-development/development-finance-standards/mobilisation.htm