The CEO of the United Kingdom’s export credit agency has visited Togo and Benin, meeting government ministers in both countries to signal UK Export Finance (UKEF)’s readiness to extend up to £4bn of support for local projects.
Last year, the UK’s exports to Togo were worth £287m whilst its exports to Benin were worth £58m. UKEF is working to enable British businesses of all sizes to access opportunities in these and in other Francophone West African countries.
During the visit, Tim Reid of UKEF signed a Memorandum of Understanding with Benin’s Ministry of Economy and Finance affirming the UK’s intent to help local projects secure new financing. He also met Togo’s Minister of Finance and Minister of Energy and Mines to discuss new opportunities for supporting projects in infrastructure, transport, rural electrification, and a range of other sectors.
Tim Reid, CEO of UK Export Finance, said:
