For Immediate Release
Jonathan Stevenson, media officer
Tel: +44 (0)7711 875 345 or +44 (0)20 7820 4913
Reaction to UK-Africa Investment Summit
WASHINGTON - Nick Dearden, director of Global Justice Now, said:
"The supposedly transformative £6.5bn British investment in Africa announced today includes investment in oil, gas, gold mining and airlines. In fact, the second largest investment is in oil production.(1) So much for fostering ‘climate friendly’ development. Over half the investment is in one single country – Egypt, run by a repressive and authoritarian government.
In the nineteenth century, the ‘scramble for Africa’ was carefully disguised as a humanitarian project. 150 years later, what we saw at the UK-Africa summit today was a desperate and unseemly grab for markets, dressed up as ‘development’."
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Global Justice Now is a democratic social justice organisation working as part of a global movement to challenge the powerful and create a more just and equal world. We mobilise people in the UK for change, and act in solidarity with those fighting injustice, particularly in the global south.