The eagerly anticipated UK-African Investment Summit (UK-AIS) scheduled for April 2024 has been officially postponed to a later date, with new summit dates to be announced in the coming months.
The UK government remains committed to building on the success of the 2020 UK-Africa Investment Summit, laying the groundwork for robust partnerships between the UK and African nations rooted in trade, investment, shared values, and mutual interest. This commitment extends to ensuring widespread participation from governments across the continent, alongside enthusiastic involvement from British and African businesses eager to leverage the benefits of their trading relationship.
The forthcoming UK-AIS aims to realize the UK’s ambition to become Africa’s investment partner of choice, fostering job creation and mutual prosperity. The summit will focus on strengthening UK-African partnerships to stimulate job growth, supporting talent in sectors like finance and technology, and promoting female entrepreneurship.
As part of the UK’s ongoing commitment to African countries, the summit will seek to enhance trade and investment links through:
- Supporting the Africa Continental Free Trade Area (AfCFTA), offering growth prospects through improved intra-African trade and investment opportunities.
- The UK’s Developing Countries Trading Scheme (DCTS), in effect since June 2023, which has expanded market access for 37 African countries.
- Backing British International Investment (BII), with over half of its portfolio dedicated to Africa, committing nearly £700 million in investment in 2022.
The UK remains steadfast in its efforts to strengthen ties with African nations and looks forward to a successful summit that advances mutual goals and collaboration.