On Monday, 20 January 2020, the UK Government will host the inaugural UK-Africa Investment Summit in London. This Summit will create new lasting partnerships to deliver more investment, jobs and growth to benefit people and businesses across Africa and the UK.
Malawi President Mutharika will attend
Malawi’s President, Professor Arthur Peter Mutharika is expected to depart for London today, Friday 17 January 2020. He will be accompanied by cabinet ministers, heads of some government agencies and parastatals, as well as officials from Malawi investment promotion centre.
Hosted by UK Prime Minister Boris Johnson, the Summit will bring together UK and African business representatives, African leaders and delegations from across Africa, international institutions and young entrepreneurs.
International Development Secretary Alok Sharma who earlier visited some countries on the African continent ahead of the Summit said:
“Africa has eight of the 15 fastest growing economies in the world but currently receives less than 4% of foreign direct investment. There are fantastic opportunities for UK businesses to work alongside, invest in and partner with African nations.
“At the UK-Africa Investment Summit in London on January 20, we will bring together UK and African businesses, African leaders, international institutions and young entrepreneurs to drive the investment Africa needs to flourish. I look forward to seeing many of you there.”
With this Summit, the UK will demonstrate that it is the investment partner of choice for African nations, offering world-leading expertise on tech and innovation and positioning the City of London as the number one global exchange for African businesses.
In relation to UK-Malawi Trade, British High Commissioner to Malawi, Ms Holly Tett, said:
“As we get Brexit done, we want a closer trading partnership with Malawi, and we are helping UK businesses to seize new and exciting opportunities for investment. For instance, with support from UKaid and CDC group, among others, we are supporting businesses in various sectors like agriculture to compete at an international level and contribute to local economy through taxes and job creation in a sustainable way.
“By 2038 Malawi’s population will have doubled to 36 million people. The summit will bring together British and African businesses to harness the potential of fast-growing countries like Malawi and make the most of trade and investment opportunities.”
The UK-Africa Investment Summit will offer businesses and entrepreneurs access to several events with a focus on themes such as clean energy, sustainable infrastructure and agribusiness.