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News & Press: International Trade News

UK-Africa Investment Summit 2020

20 January 2020  
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UK African Summit 2020

Boris Johnson is set to meet Ghana's President Nana Akufo-Addo at the UK-Africa Investment Summit on 20th January 2020.

With Brexit negotiations still weighing heavy in Parliament, the Prime Minister is putting more focus on strengthening non-European relations and this summit is a leap forward to affirm this.

Last year, Africa was home to 5 of the 15 fastest growing economies in the world, now it's home to 8. 

Not only is it imperative for the UK to involve itself in talks with new growing economies, it will benefit African nations greatly. 

In the last two years, government-backed export finance provided by UK Export Finance (UKEF) has secured close to £2bn of financing for British firms breaking into African markets.

Finance isn't the only requirement for successful trading, African exporters need government support. This summit is putting a spotlight on awareness of needs and hopefully have an impact on legislations going forward. 

The summit looked to showcase that the UK is actively looking to form a strong trading & investment relationship with African nations, which will hopefully benefit businesses on both continents for years to come. 

Source: https://www.cityam.com/the-uk-must-maximise-trading-opportunities-with-african-firms/