Skip to content
Tuesday 18 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,720.30
-0.28%
DAX
26,338.61
0.00%
CAC 40
8,579.60
0.00%
STOXX 50
6,530.45
0.00%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
Monday 27 August 2018 5:57 pm  |  Updated:  Friday 24 May 2019 7:46 pm

Theresa May sets sights on Africa trade as Brexit disputes rage

By: Jasper Jolly

Add as a preferred source on Google

Prime Minister Theresa May will this week try to start the new parliamentary session on the front foot as she leads a delegation of business figures to Africa seeking to boost trade relations, despite intense criticism of her Brexit plans at home.

May will use a speech tomorrow in South Africa’s Cape Town to focus on bringing British private sector trade and investment to Africa.

The continent is “right on the cusp of playing a transformative role in the global economy”, she said before her departure, as she tried to gather momentum behind her plan for Brexit, agreed at the Chequers country residence.

Read more: UK businesses, ignore Brexit. Now is the time to start exporting

However, the government faces a battle to win the support of its own Conservative party, with former foreign secretary Boris Johnson firing another shot at the Prime Minister over the weekend.

Johnson said the party should “chuck Chequers”. Writing in the Sunday Telegraph, he said the UK would be a “rules-taker” under the Chequers plan. Johnson quit the Cabinet in July, following former Brexit secretary David Davis’s resignation in protest at the plan.

The Chequers plan would be a “historic mistake”, he added, suggesting the UK would face similar consequences to the stricken Greek economy, a Eurozone member which was forced to adopt harsh austerity measures by other Eurozone states.

May has shown little sign of any backdown on the Chequers position in spite of the protests of Johnson, Davis and other Tory politicians. She will be joined by senior finance and business figures on this week’s African trip, with stops in Nigeria and Kenya as well as South Africa. May will be the first British Prime Minister to visit Sub-Saharan Africa since 2013 as well as being the first to go to Kenya for over 30 years.

Read more: Brexit papers draw battle lines for no-deal scenario

Standard Chartered boss Bill Winters, London Stock Exchange chief executive David Schwimmer and lord mayor of London Charles Bowman will accompany May, alongside representative from industrial equipment manufacturer JCB, farming tech firms and the Scotch Whisky Association.

However, the trip risks being overshadowed by Brexit controversies as MPs return to Westminster amid a push by the People’s Vote campaign for a second EU referendum. The campaign faced a setback yesterday when Labour’s Greater Manchester mayor, Andy Burnham, said he would not back a referendum on the final Brexit deal.

He told Politico: “My frustration with those leaping to a second referendum is it further inflames this idea of an arrogant political class, which isn’t listening and isn't dealing with the issues that gave rise to the referendum in the first place.”

Meanwhile, French President Emmanuel Macron said that he wants “a strong, special relationship with London but not if the cost is the European Union's unravelling," at a gathering of ambassadors, according to Reuters.

Brexit, Macron said, "is a sovereign choice, which we must respect, but it can't come at the expense of the European Union's integrity".

Read more: Investors say government is failing at Brexit negotiations

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Politics

Trending Articles

  • As it happened: FTSE 100 drops as oil prices rise after Trump makes Hormuz threat

  • US bond market jitters spark UK economy recession warning

  • Aldi boss wades into supermarket ‘price-gouging’ row

  • Monzo chair makes early exit after boardroom rift

  • New Premier League rules could see £11bn invested into new stadiums

More from Morning Wire

  • Singapore on Thames or the Sick Man of Europe?: The Economics of Brexit Ten Years from the Referendum 

    Opinion
    UK-EU Brexit negotiations meeting with officials discussing trade agreements and policy impacts in a formal conference room
  • Making it in the UAE – Donna Benton

    Partner
    Donna presenting at The Entertainer event, showcasing new products, surrounded by an engaged audience in a lively atmosphere.
  • Former Virgin Money chief set to lead Financial Reporting Council

    Accountancy
    Military legal drama JAG 2 courtroom scene with actors in navy uniforms discussing a high-profile case
  • FRC Chair-in-waiting grilled over holding seven other board roles

    Regulation
    Modern office space with open seating and collaborative work areas reflecting FRCs innovative business environment
  • The Yahoo Boys: The men behind online romance scams

    Life&Style
    Group of young men using laptops and smartphones in a dimly lit room, representing online scam activities in Nigeria
  • Brompton Bicycle sues former adviser for ‘professional negligence’

    Lawsuit
    Six Brompton folding bicycles in various colors displayed in individual black cubbies.
  • The GCC’s AI strategy: Inside the region’s $150bn race

    Partner
    Crowd of diverse attendees at GITEX GLOBAL DUBAI tech exhibition, with GITEX signage visible.
  • The London Stock Exchange is shrinking – but Julia Hoggett is still an optimist

    Markets
    Julia Hoggett, London Stock Exchange CEO, in a magenta suit leaning on a dark railing.
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • EU Institutions
  • Europe

Business

  • Markets
  • Business
  • Economy
  • Regulation
  • Competition
  • Public Affairs

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook