22/7/2025–|Last update: 14:57 (Mecca time)
Announcement London Sadiq Khan on organizing the first summit next year aimed at enhancing trade and investment cooperation between the British capital and the African continent.
Summit organizers seek to attract entrepreneurs, investors and representatives of African governments, as well as trade groups and stock exchanges from across the continent, to promote London as a possible global center for the expansion of African companies and their investments.
According to an analysis issued by the London Office and its partners – an official body concerned with the promotion of the city of London globally in tourism, investment and education – based on the data of the National Bureau of Statistics and the International Monetary Fund.
It is expected that the volume of bilateral trade will be between UK The African continent is about 62 billion pounds by 2030.
The indicators also showed 40% in the technological sector in the continent since 2019, while the Nigerian city of Lagos has classified the most prominent global technological center.
London is a favorite destination for African investment
Since 2013, London has maintained its website as the most prominent European destination for investments Africa Foreign foreign after it attracted 72 African investment projects, ranked second in the world as the most attractive city of African investments outside the continent.
In the context of his last tour, Khan visited a number of major capitals and cities such as Lagos, Ikra, Johannesburg and Cape Town, with the aim of “building new bridges with the African continent returning with common benefit,” according to his official statements.
Khan was accompanied by a commercial delegation of 27 London -based companies seeking to expand its business and explore growth opportunities in the African markets.
In this context, Khan said, “Whether it comes to startups in the field of technology or commercial and financial services, London has a qualified location to take advantage of the growth in Africa.”
He stressed that strengthening ties with Africa is a major axis in the London International Trade Strategy, noting that this cooperation would contribute to creating thousands of specific functions during the next five years and beyond.