EFInA says it welcomes an additional funding commitment from UK Aid, part of a £320m package that will initiate an ambitious new phase of financial sector development across the continent. The new commitment, announced by Secretary of State Alok Sharma, represents the start of an important new approach to financial sector development in sub-Saharan Africa. The package from UK Aid recognises that a comprehensive, integrated approach to financial market development in Africa is required to realise the continent’s potential and help meet the United Nation’s global goals. The UK is already the top financial exchange for Africa’s businesses and we want investors to seize the exciting opportunities that Africa offers. The £320m package also marks an important step forward for the FSD Network.

Source: The Guardian January 28, 2020 15:22 UTC