Your SEO optimized title

Nigerian firms, others win U.K £6.5b commercial deals

0

British firms have announced commercial deals worth over £6.5 billion across the African markets at the opening of the UK-Africa Investment Summit in London on Monday.

In a press release issued by the U.K government made available to newsmen, the commercial deals span a variety of sectors including infrastructure, energy, retail, and technology, and will deliver high-quality investment, jobs, and growth across the United Kingdom (UK) and Africa.

At the UK-Africa Investment Summit, 27 deals were announced, adding to the existing £36 billion worth of trade already happening between the UK and African firms. Deals announced include:

  • 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.
  • Globeleq invests £50 million to help build of Malindi photovoltaic solar park in Kenya.
  • GSK invests £5 million in Egypt to upgrade two production lines.
  • Kefi Minerals invest £224 million in a new gold mine and to develop local infrastructure in Kenya.
  • Lagan Group wins a £185 million export contract for the construction of Kampala Industrial Business Park in Uganda.
  • Lloyds Register invests £0.76 million to set up operations in Mozambique.
  • Low Energy Designs win an export contract to install street lighting for Oyo state in Nigeria.
  • Matalan invests £25 million to open 13 new outlets in Egypt.
  • Moy Park to export £12 million of frozen chicken to Angola.
  • Nexus Green export £80 million of solar-powered water pumping systems for irrigation in Uganda.
  • NMS Infrastructure invests £222 million in the construction of 6 hospitals in Côte D’Ivoire.
  • Rolls Royce purchase £50 million of aircraft engines in Egypt.
  • Tullow invests £1,200 million in continued oil production in Kenya.
  • Tyllium and Ellipse win an export contract worth £60 million to provide 250 new beds for a general hospital in Koforidua in Ghana.
  • Unatrac wins a £1.5 million export contract to supply machinery for Ugandan roads.

According to the U.K Department for International Development and Trade, the diverse and fast-growing economies of Africa offer huge potential to UK business.

Over £36 billion worth of trade is already happening between the UK and Africa, and the deals revealed how the duo are building on that to secure a lasting commercial partnership of mutual benefit.

Share.

Leave A Reply