UK-Africa Investment Summit

(asked on 19th December 2019) - View Source

Question to the Department for International Development:

To ask Her Majesty's Government what are their priorities for the UK–Africa Investment Summit being hosted by the UK in January 2020.


Answered by
Baroness Sugg Portrait
Baroness Sugg
This question was answered on 7th January 2020

The UK-Africa Investment Summit will create new lasting partnerships that will deliver more investment, jobs and growth. This will benefit people and businesses across Africa and in the UK. The IMF estimates that Africa is home to eight of the world’s 15 fastest growing economies. By 2050, over 2 billion people will live in Africa and 1 in 4 global consumers will be African. But African countries receive less than 4% of foreign direct investment and around 20 million jobs a year must be created to keep pace with population growth. Hosted by the Prime Minister, the Summit will bring together UK and African business representatives, African leaders and delegations from 21 countries, international institutions and young entrepreneurs. As we strengthen our place in the world, we want the UK to be the investment partner of choice for African nations. We have world-leading expertise on tech and innovation, the City of London is the number one global exchange for African businesses, and we are committed to green growth.

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