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Newsletter 581

Video guest: Josephine Mwangi

November 2019
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Tuesday, 12 November 2019

London has built a reputation as the preferred financial centre for African businesses, and the UK is looking to maintain that position despite Brexit. In recent years, investors seeking high returns have increasingly turned their attentions to Africa, with risk-tolerant investors attracted by high-yield cross-border rail, airport, power plant and even eurobond projects.

Theresa May has revealed that the UK Government will invest £56m into a South African battery storage project to help the nation bolster its renewable power generation output. The contribution will be made to the $500m (£384m) Clean Technology Fund - a joint project from the World Bank, African Development Bank and South African Government, which aims to fast-track the region’s access to clean energy technologies.

Mauritania returned to this year's International Tourism and Travel Show (25-28 September) after a 10-year-plus hiatus to woo investors and give its tourism industry a much-needed kick-start.

While France seems to be in the process of getting back on track with regard to international solidarity, some ambiguities in the 2019 budget are a cause of concern for NGOs. EURACTIV France reports. Will France return to being among the best performers in the field of development assistance? As the OECD Development Assistance Committee (DAC) delivered its report on French development policy between 2013 and 2018, the organisation welcomed the turnaround by the French government.

Angel Losada, EU Special Representative for the Sahel, emphasised the security situation in the Sahel and in Burkina Faso in particular. Losada wished Burkina Faso every success as it prepares to take up the presidency of the G5 Sahel.