UK to host two-day African Investment Summit in April 2024
The United Kingdom Prime Minister Rishi Sunak will host a UK-African Investment Summit in London on April 23 to 24 in 2024.
The Summit, according to a statement from the UK government, will bring together Heads of State and Government from 24 African countries with British and African business leaders.
It aims to strengthen UK-African partnerships to create jobs and growth, support British and African talent in sectors such as finance and technology, and promote women entrepreneurs.
The Summit is expected to also build on the results of the UK-African Investment Summit 2020 and virtual UK-African Investment Conferences in 2021 and 2022.
“To grow the UK’s economy, create opportunities for growth and bolster our economic security, we must deepen our ties with partners across the world,” Prime Minister Rishi Sunak said.
During the UK-African Investment Summit, 2020 over £6.5 billion of deals were announced, plus a further £8.9 billion of investment commitments.
The virtual conferences in the following years built further connections between UK and African businesses, with more than 3,000 UK and African delegates looking at future opportunities to facilitate deals, with a focus on clean growth opportunities across the continent.
“This summit will ensure we are able to harness the potential of our relationships across Africa and grow our economies together, making them stronger, resilient, and innovative,” the PM added.
The UK government said by 2050, two billion people will live in Africa, more than half will be under 25.
It added that in the next two years, faster economic growth is expected across Sub-Saharan Africa than the global average.
And as the world faces the stark and shared challenge of climate change, the UK is working with African countries to support them to mitigate and adapt to its effects, recognising Africa’s abundant potential for renewable energies of the future.
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