UK to host African Investment Summit in 2024

By Burak Bir

LONDON (AA) – The UK will host African leaders in London for the second UK-African Investment Summit on April 23-24, 2024, the government said on Thursday.

In a statement, the UK Foreign Office said that the summit aims to promote two-way trade and investment, creating jobs and growth and supporting women entrepreneurs.

"The Summit will bring together Heads of State and Government from 24 African countries with British and African business leaders. It will strengthen UK-African partnerships to create jobs and growth, supporting British and African talent in sectors such as finance and technology, and promote women entrepreneurs," it added.

The statement said that the summit will build on the results of the UK-African Investment Summit 2020 which announced over £6.5 billion ($7.74 billion) of deals, plus a further £8.9 billion ($10.6 billion) of investment commitments.

UK’s Prime Minister Rishi Sunak said: "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."

Foreign Secretary James Cleverly stated that trade and investment ties with African countries are delivering "significant mutual economic benefits."

"The UK and Africa go far when we go together," he added.