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Thursday, 10 February 2011

New UK trade initiative to help millions of Africans

An initiative to boost trade and help millions of people across Africa to pull themselves out of poverty was launched today by UK Development Minister Stephen O'Brien. Trade Mark East Africa (TMEA) will work across East Africa to fund new businesses, develop essential infrastructure to speed up transport links, and standardise regulation across the region. Stephen O'Brien launched TMEA in Nairobi, alongside the President of Burundi, Hon. Pierre Nkurunzinza, and Kenya's Prime Minister, Hon. Raila Odinga. Stephen O'Brien said: "Trade is vital for international development. It is the catalyst for growth. It creates wealth, which, ultimately, is the most effective way to pull people out of poverty. I'm delighted to be here to launch Trade Mark East Africa. This innovative programme will boost trade in the region by making practical improvements, such as upgrading ports and roads, and making border crossings quicker".

Source: DFID