Published: Mon, January 20, 2020
Markets | By Otis Pena

Buhari flies out Friday to attend UK-Africa Summit in London

Buhari flies out Friday to attend UK-Africa Summit in London

Addressing more than two dozen African presidents and prime ministers in an opening speech to the UK-Africa investment summit in London on Monday, the prime minister said the UK was the "ultimate one-stop shop" for trade, education and tech.

The British government's export agency reports providing £2bn ($2.6bn) in financing for United Kingdom company exports to Africa in the past two years.

"The President remains committed to creating wealth and jobs especially for the youth hence his presence at the UK-Africa Investment summit here in London will be a great achievement".

It is expected to create new lasting partnerships to deliver more investment, jobs and growth to benefit people and businesses across Africa and the UK.

The future trade relationship between the United Kingdom and Africa and the African Continental Free Trade Area in the context of Brexit are expected to top discussions.

The British Prime Minister, Boris Johnson, is expected to meet with President Muhammadu Buhari, who will also attend a reception hosted by Their Royal Highnesses The Duke and Duchess of Cambridge.

International Development Secretary Alok Sharma visited Africa ahead of the Summit.

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"British investors and businesses are increasingly recognising Africa's potential and the role they can play in boosting the continent's long-term growth - particularly through investments that have positive social, economic and environmental impacts".

The UK-Ghana partnership will be at the centre of the Summit discussions on how we are building enduring economic ties.

"Together, our governments have agreed on six priority sectors (agric-processing: financial services; textiles/garments, pharma, digital; and extractives), and we are working side-by-side on critical areas: infrastructure development, tax and the ease of doing business".

Johnson will tell the African leaders and big company executives that he wants to make Britain their "investment partner of choice", Downing Street said.

It is about using aid money to support investment.

"Ghana is at the forefront of the UK's trading relationship with African nations".

The UK government says it has signed 11 trade agreements with African countries, just over a week before it officially leaves the European Union.

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