Sadiq Khan, the Mayor of London, announced the first London-Africa business summit to be held next year, expecting UK-African bilateral trade to reach £62 billion by 2030. The summit aims to connect entrepreneurs, investors, and officials to promote London as a prime location for African business growth. Key areas of focus include fintech, creative industries, education, and sustainability. Khan's mission to Nigeria, Ghana, and South Africa signifies active promotion of investment opportunities. The UK's trade with Africa is projected to achieve nearly £50 billion in 2024, reflecting consistent growth despite challenges.
The Mayor of London, Sadiq Khan, announced that City Hall will host its first-ever London-Africa business summit next year, targeting a bilateral trade of £62 billion by 2030.
The Summit will promote London as the best global city for African businesses, focusing on trade and investment links in growth sectors including fintech, creative industries, education, and sustainability.
Sadiq Khan is leading a trade mission to Nigeria, Ghana, and South Africa, becoming the first London Mayor to actively promote business and investment opportunities in Africa.
The UK has been a significant trading partner for Africa, with trade expected to reach nearly £50 billion in 2024, reflecting strong bilateral trade growth.
#london-africa-business-summit #trade-growth #foreign-direct-investment #economic-development #bilateral-trade
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