UK Export Finance (UKEF) has expanded its financial capacity to support infrastructure development across Africa, reaching a total exposure of £10 billion. The agency, which serves as the British government’s export credit agency, is positioning itself to play a larger role in financing major projects throughout the continent.
Under the leadership of chief executive Tim Reid, the agency has secured increased financial firepower to facilitate these investments. However, access to this funding remains conditional. Support is contingent upon the involvement of British suppliers, the presence of bankable borrowers, and adherence to established climate regulations. These requirements are intended to ensure that projects meet both economic viability and sustainability standards.
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