Africa: Standard Bank Sponsors UK-Africa Investment Summit

The UK's International Development Secretary Alok Sharma, right, listens as President Nana Addo Dankwa Akufo-Addo addresses the audience during a panel discussion at the UK-Africa Investment Summit in London, 20 January 2020. Also pictured left to right are Dr Akinwumi Adesina, President of the Africa Development Bank; His Excellency Mohammed Ould Cheikh El Ghazouani, President of Mauritania; and His Excellency President Uhuru Kenyatta of Kenya.
20 January 2020

Standard Bank has disclosed that it is partnering with the UK Government to sponsor the inaugural UK-Africa Investment Summit, which will be held in London today.

The summit would create new partnership between UK and African businesses, governments and institutions, to deliver more investment, jobs and growth.

The partnership would benefit people and businesses across Africa and the UK.

Hosted by the Prime Minister, the summit would bring together UK and African businesses, African leaders and delegations, international institutions and young entrepreneurs.

It would cover topics including: Trade and investment, infrastructure development, sustainable finance, the role of the City of London in attracting African businesses to raise capital, clean energy, women's economic empowerment and creating jobs for young people across the continent.

Commenting on the sponsorship, the Chief Executive, Africa Regions, Standard Bank, Sola David-Borha, was quoted in a statement to have said: "We are proud to be a sponsor of this prestigious and important summit. Africa is home to many fast-growing economies and businesses, and it is very positive to see the recognition of the huge potential for UK companies and investors. Furthermore, improving socio-economic ties between the UK and Africa can only be mutually beneficial.

"There are an increasing number of African businesses and governments looking to the UK, and the City of London in particular, to access capital, as well as investment and commercial expertise across different sectors.

"British investors and businesses are increasingly recognising Africa's potential and the role they can play in boosting the continent's long-term growth - particularly through investments that have positive social, economic and environmental impacts."

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