Last Brexit: Forget the EU! African finance chief celebrates UK exit – mega-deals on the horizon | Politics | New

Britain is making positive inroads in the world’s second largest continent, defying Project Fear’s grim predictions against the evildoers that the new sovereign nation would fight outside the EU. Multi-billion pound trade deals have already been signed with a number of African countries, including South Africa, Ghana and Kenya, while many more are expected to be approved in the coming years. month. The removal of European market caps means that there has been a huge leap in trade between the UK and Africa, with international business opportunities on the continent often facilitated through the City of London.

Cheryl Buss, CEO of Absa International, formerly Barclays Africa, toasted Brexit and although he admits that these investment flows have been disrupted by the UK’s departure from the EU, there are many lucrative business opportunities that the UK and Africa can exploit.

She told City AM: “The UK now has the capacity to negotiate its own trade deals with countries, which could have a big impact on Africa as the UK could do better independent trade deals. tailored to individual African countries.

“Following the UK-Africa Investment Summit earlier this year and in January 2020, the UK is in a position to strengthen its relationship with Africa after Brexit.

“This will lead to a more collaborative relationship based on trade and investment.”

She added: “We have already seen a number of positive post-Brexit impacts for Africa. The UK signed a free trade agreement with South Africa which has been extended to both the Southern African Customs Union and the Mozambique-UK Economic Partnership Agreement. (SACU + M).

“While the trade deal is broadly similar to the trade deal that SACU + M has with the EU, negotiations have centered on a realignment of quotas for SACU + M countries in favor of African countries. .

Ghana and the United Kingdom also recently reached a trade deal worth £ 1.6 billion that includes mineral fuels and oil, fish preparations, fruit, cocoa and cocoa. cocoa-based preparations. “


8:08 am Update: Boris meets Irish Prime Minister Martin today on Northern Ireland Protocol

Brexit-related trade issues in Northern Ireland are expected to dominate talks between Boris Johnson and his Irish counterpart Micheal Martin later today.

Trade has been affected by the newly introduced controls on goods arriving at ports on the island of Ireland from Great Britain.

But the Northern Ireland Protocol retained the region within the EU framework for cargo controls, angering Britain’s island ports of Ireland who see it as a border in the Irish Sea and a separation from the rest of the United Kingdom. .

There have been several protests across Northern Ireland, some of which resulted in violence in Belfast last month.

7:50 am update: Hateful deal with EU ‘violates FOUR agreements’ – major legal challenge TODAY

Brexiteer Ben Habib put the blame squarely on Boris Johnson ahead of today’s legal challenge to the Northern Ireland Protocol, describing the controversial mechanism as “an affront to the UK” which the PM was late in responsible account.

Judicial review is due to begin this morning at the High Court of Northern Ireland in Belfast, with organizers including former Brexit Party MEP Mr Habib raising more than £ 80,000 at the estimated cost of £ 150,000 via a crowdfunding call.

The Democratic Unionist Party (DUP) and the Ulster Unionist Party (UUP) support the case, with their belief that the arrangements, aimed at preventing a hard border on the island of Ireland, are instead equivalent to an Irish border. Sea which effectively creates a wedge between the region and the rest of the UK.

In a forensic analysis of the situation, Mr Habib told “I don’t see how we could lose.

“Consider the following: The Prime Minister has said on several occasions that the protocol avoids a so-called hard border on the island of Ireland, which reads a customs border.

“At the same time, he asserts that the protocol does not set a border on the Irish Sea and that Northern Ireland is still part of the UK customs union.

“So, for the same arrangements which amount to a hard border on the island of Ireland, they amount to no border at all in the Irish Sea.”

About Myra R.

Myra R.

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