UK Signs £6.5b Commercial Deals with Nigeria, Others

• UK Signs £6.5b Commercial Deals with Nigeria, Others

The United Kingdom has announced that a number of British firms have signed commercial deals valued at £6.5 billion with Nigerian firms and firms from other African nations.

This was disclosed during the UK-Africa Investment Summit.

According to the statement, 27 deals were sealed in addition with the existing £36 billion worth of trade between the UK and African nations.

Some of the deals announced were:

• Savannah invests £315 million in the acquisition and investment of ingas assets in Nigeria.
  Tex ATC installs 5 Airport control room towers worth £2 million in Nigeria.
• Trilliant installs £5 million of Smart Metering to Abuja DisCo in Nigeria.
• Aggreko signed an £80 million contract extension for energy provision in Cote D’Ivoire
• Airbus sells £80 million of aircraft in Egypt
• Anglo-Tunisian Oil and Gas invest £26 million in Tunisian gas assets.
• Aqua Africa wins a £26 million export contract to supply solar-powered water filtration systems in Ghana.
• Baker Hughes £306 million export and investment of deep-sea equipment and scholarships in Mozambique
  BHM £80.3 million work on the Tema-Aflao Road Project in Ghana.
• Bombardier’s £3.18 billion construction and operation of 2 monorail lines in Cairo.
• Contracta Construction UK wins a £120.5 million export contract to upgrade Kumasi teaching hospital in Ghana.
• Contracta Construction UK wins £40 million export contract to develop Kumasi airport in Ghana.
• Diageo invests £167 million to improve the sustainability of breweries in Kenya & East Africa.

Liz Truss, the British Secretary of State for International Trade, said: Africa represents a huge opportunity for UK businesses, so it’s brilliant to see so many British firms paving the way in trading and investing in the region today to drive growth, create jobs and boost vital infrastructure.

“We want the UK to be the investment partner of choice for African nations, and our world-leading expertise in finance, tech, and innovation, makes the UK and Africa natural partners for prosperity.

“We want the UK to be the investment partner of choice for African nations, and our world-leading expertise in finance, tech, and innovation, makes the UK and Africa natural partners for prosperity.

“The deals announced today show the massive potential of UK-Africa trade and the programs we’ve announced will be critical to ensuring the UK and African businesses are able to capitalise on trade and investment opportunities, now and in the future.”