Investment: Africa
The question
To ask the Secretary of State for Business and Trade, if his Department will hold an African Investment Summit.
Answered by Chris Bryant
As set out in the Trade and Industrial strategies, this Government remains committed to strengthening UK-African trade and investment ties. According to the latest UNCTAD data, the UK had the second highest level of FDI stock in Africa at the end of 2023, after the Netherlands, and this strong position reflects our determination to deepen partnerships that deliver sustainable growth and create opportunities for UK and African businesses.
We have no such specific plans, but will continue to work closely with business leaders to unlock investment potential and will announce details of future engagements once decisions have been finalised.
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