Marking two years from the UK-Africa Investment Summit hosted in London by Prime Minister Boris Johnson, the Department for International Trade (DIT) has announced that it is to host a second edition of the Investment Conference on 20 January 2022.
At the event in 2019, 27 trade and investment deals worth £6.5 billion and further commitments worth £8.9 billion were announced.
Next year’s conference will be a one-day virtual event aimed at inspiring further UK investment into Africa. It will showcase emerging opportunities across the continent, including in clean growth solutions, highlighting UK expertise.
UK Minister for Investment, Lord Gerry Grimstone, said: “The upcoming African Investment Conference will provide the perfect opportunity to build on this success by bringing UK-Africa investment opportunities, from clean growth to financial services, to the fore within our business communities.”
DIT is prioritising building strong trading relationships in Africa, which have the potential to create, diversify and protect investment opportunities.
The UK has so far signed nine trade agreements with 17 African countries and ensured continued market access for the majority of the remaining African nations through the UK’s Generalised Scheme of Preferences (GSP).
HM Trade Commissioner for Africa (Acting), Alastair Long, said: “This year alone, we have supported more than £2.4bn of UK direct investment into Africa as we have mobilised our teams across the continent to connect British businesses to the opportunities that exist across the African continent.”
Department for International Trade
The Department for International Trade is a UK government department responsible for managing trade agreements between the UK and foreign countries, as well as for encouraging foreign investment and export trade.
