On April 23–24, 2024, UK Prime Minister Rishi Sunak will hold a UK–African Investment Summit in London, which will include representatives from Morocco and 24 other African nations.
The Summit intends to promote two-way trade and investment, foster employment and economic growth, and support female entrepreneurs, according to the official website of the UK government.
“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,” reads the press release.
The UK-African Investment Summit 2020 and the virtual UK-African Investment Conferences in 2021 and 2022 will serve as a foundation for this upcoming event.
Around £6.5 billion in deals and an additional £8.9 billion in investment commitments were made during the UK-African Investment Conference 2020, which served as a significant turning point in UK’s relationships with African nations.
The announcement explained that during the next two years, faster economic growth is expected across Sub-Saharan Africa than the global average.
Aware of Africa’s enormous potential for future renewable energy sources, the UK is collaborating with African nations to help them mitigate and adapt to the effects of climate change as the entire world grapples with this harsh and shared challenge, reads the press release.
Prime Minister Rishi Sunak said that “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.”
Trade between Morocco and the United Kingdom improved significantly after Brexit, as the bilateral trade volume last year amounted to 22.9 billion dirhams.
Britain shows great interest in investing in Morocco, especially in promising fields, especially hydrogen and green electrons, given the large potential expected in the energy field.
add your comment
Terms of publication : Not to offend the writer, people, sacred things, or attack religions or the divine self, and refrain from racist incitement and insults.