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Thursday, 17 February 2011

UK Government ramps up trading in Africa

The UK is to launch a new initiative to boost African trade through reduced bureaucracy, improved transport infrastructure and more efficient border crossings Andrew Mitchell said today. The African Free Trade initiative (AFTi) will see Britain provide technical experts to unblock issues that continue to hold back economic growth across the region. This will include advising African countries on the design of border posts, infrastructure investment and analysis of major transport bottlenecks. Expected results include cutting the time it takes to travel the length of Africa's North South Corridor from nine to seven days and reducing the journey time for goods lorries from Mombasa to Uganda and back to Mombasa by three days. The initiative will help to break down trade barriers and open up opportunities for entrepreneurs, both large and small, to access new markets and invest in expanding production and trade. AFTi is part of the UK Government's Trade and Investment White Paper, part of which will set out how the UK will support African efforts to join up their economies and increase trade between them and the rest of the world.

Source: DFID