The U.K.’s development finance arm, CDC Group Plc, may invest more than $1 billion in Nigeria over the next four years as the government looks to increase business ties with Africa after it leaves the European Union in March.
According to Bloomberg, CDC, which has investments ranging from listed Nigerian banks to an Ethiopian wine-maker and a safari lodge in Zimbabwe, aims to put as much as $4.5 billion into the continent in that time, which would almost triple its existing African portfolio of roughly $2.6 billion.
British companies are looking for economic jurisdictions where returns on investment are high and where the business climate is conducive and friendly.
As Britain begins to clear the hurdles along its path to leaving the European Union, emphasis is on how the British companies pulling out or scaling down their operations from EU countries can profitably invest their funds across the globe.
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Frontpage October 28, 2019