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UK investors urged to deepen economic ties with Africa

UK investors urged to deepen economic ties with AfricaThe 2020 UK-Africa Investment Summit was attended by Mauritanian President Mohamed Ould Cheikh el Ghazouani and Egyptian President Abdel Fattah el-Sisi.

British companies must leap at the chance to deepen economic ties with Africa, a continent with unmatched investment opportunities, several African leaders said at a high-level panel.

An opening ceremony for the 2020 UK-Africa Investment Summit on Monday was attended by dignitaries and delegates from 16 African countries, including Mauritanian President Mohamed Ould Cheikh el Ghazouani and Egyptian President Abdel Fattah el-Sisi. 

Mauritania’s president highlighted the opportunities offered by the blue ocean economy and substantial reforms currently under way to attract foreign investors. “We have reinforced security along our coasts. Other measures include the establishment of a Council on Investment. These huge efforts are showing tremendous results and it is giving comfort to investors,” said Ghazouani.

British Prime Minister Boris Johnson made the case for bigger investments in Africa and called for increased and renewed partnership between the United Kingdom and Africa. 

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