{"id":41808,"date":"2022-07-02T13:42:21","date_gmt":"2022-07-02T13:42:21","guid":{"rendered":"https:\/\/www.africannewspaper.net\/2022\/07\/02\/uk-government-provides-vital-finance-for-emergency-services-overhaul-in-senegal-african-business\/"},"modified":"2022-07-02T13:42:32","modified_gmt":"2022-07-02T13:42:32","slug":"uk-government-provides-vital-finance-for-emergency-services-overhaul-in-senegal-african-business","status":"publish","type":"post","link":"https:\/\/www.africannewspaper.net\/2022\/07\/02\/uk-government-provides-vital-finance-for-emergency-services-overhaul-in-senegal-african-business\/","title":{"rendered":"UK Government provides vital finance for emergency services overhaul in Senegal – African Business"},"content":{"rendered":"\n
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UK Export Finance (UKEF) and Standard Chartered Bank support will allow the Senegalese government to strengthen its fire response services and medical equipment; Support unlocks over \u00a335 million worth of exports for UK companies who will supply equipment; Deal announced during UKEF CEO Louis Taylor\u2019s visit to Senegal to boost trade and economic cooperation between the two countries.<\/p>\n

A historic agreement has been agreed between UKEF and the Senegalese government to strengthen the nation\u2019s fire response services, in a deal that will bolster UK exports to the region.<\/p>\n

UKEF has supported a \u00a3116.5 million loan from Standard Chartered using a mix of Buyer Credit and Direct Lending which will be used to purchase fire-fighting and other life-saving emergency equipment in Senegal.<\/p>\n

This is the first deal that UKEF has supported in Senegal and follows\u00a0UKEF\u2019s largest-ever deal\u00a0in\u00a0West Africa last year<\/a>, worth over \u00a3200 million to support the construction of six hospitals in the C\u00f4te d\u2019Ivoire.<\/p>\n

Mike Freer, UK Minister of Exports, stated:<\/strong><\/p>\n

\u201cThe UK can provide a leading role when it comes to exporting fire safety equipment. This deal demonstrates how British ingenuity can better protect communities abroad and shows how the government can help UK businesses export their best-in-class equipment and services.\u201d<\/p>\n

UKEF can assist overseas buyers in obtaining financial support for their projects, provided that they are willing to source goods and services from the UK. This opens new doors for British suppliers of world-class quality to trade abroad.<\/p>\n

The lifesaving equipment will make Senegal\u2019s fire and medical services better armed to respond to emergencies. As a result of the UKEF backing, over \u00a334 million pounds worth of goods and materials for the project will come from UK suppliers. Senegal will export UK-made ambulances, firetrucks, footwear for first responders, and medical equipment.<\/p>\n

Louis Taylor, CEO of UK Export Finance said:<\/strong><\/p>\n

\u201cSenegal is a unique market for UK exporters to tap into. I\u2019ve seen for myself this week how the UK and Senegal can work together to unlock projects in the country with our financing and open new trade routes for UK companies.\u201d<\/p>\n

Distributed by APO Group, UK Export Finance.<\/i><\/p>\n<\/div>\n

APO has issued this Press Release. The content has not been reviewed by African Business. The content of this announcement is solely at the issuer’s responsibility.<\/i><\/p>\n

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Source: african.business<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Download logo UK Export Finance (UKEF) and Standard Chartered Bank support will allow the Senegalese government to strengthen its fire response services and medical equipment; Support unlocks over \u00a335 million worth of exports for UK companies who will supply equipment; Deal announced during UKEF CEO Louis Taylor\u2019s visit to Senegal to boost trade and economic […]<\/p>\n","protected":false},"author":1,"featured_media":41810,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"yoast_head":"\nUK Government provides vital finance for emergency services overhaul in Senegal - African Business - African News Paper<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africannewspaper.net\/2022\/07\/02\/uk-government-provides-vital-finance-for-emergency-services-overhaul-in-senegal-african-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UK Government provides vital finance for emergency services overhaul in Senegal - 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