Now the UK has left the EU, we expect to see an exponential increase in bilateral trade with the developing world – and African nations are well positioned to become a primary beneficiary of the ‘Global Britain’ outlook.
If last month’s UK-Africa Investment Summit was an indicator, then the future is bright.
The language and tone of the summit was clear: this is about more than trade – it’s about renewed relationships and strengthened ties.
Africa boasts eight of the 15 fastest growing economies in the world and, by 2050, will be home to a quarter of the world’s consumers.
There’s literally a Continent of opportunities, both for larger, more economically-powerful nations such as Nigeria and South Africa, and for smaller emerging economies.
The UK-Africa Investment Summit demonstrated that the UK is prioritising opportunities for working together with African nations. The time is right to build a new model of mutually-beneficial engagement, and generate significant foreign direct investment.
Further details of the Summit and a recording of the event is here.