UK channels aid budget as it seeks closer ties with Africa post-Brexit

£395m trade boost is aimed at countering China’s spending on the continent

Britain has unveiled plans to channel part of the £14bn aid budget through the City as it seeks to exploit the global reach of the finance sector to boost investment in Africa.

Details of the £395m package were announced by the international development secretary, Alok Sharma, ahead of a high-level UK-Africa investment summit next Monday.

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