The UK-Africa Investment Summit held in London on 20th January laid the foundation for new partnerships between the UK and African nations based on trade, investment, shared values and mutual interest.
A major new partnership with the city of London was announced, along with a landmark new partnership with five African countries, including Uganda, to mobilise private sector investment in quality and, environmentally friendly infrastructure projects.
Taken together these projects and initiatives will help realise the UK's ambition to be the investment partner of choice for Africa, will create hundreds of thousands of jobs and ensure mutual prosperity.
In total 27 deals worth over (sh31 trillion) from across the African markets were signed at the Summit.
Secretary of State for International Trade, Liz Truss MP said:
"Africa represents a huge opportunity for UK businesses, so it's brilliant to see so many British firms paving the way in trading and investing in the region today to drive growth, create jobs and boost vital infrastructure.
"We want the UK to be the investment partner of choice for African nations, and our world-leading expertise in finance, tech, and innovation, makes the UK and Africa natural partners for prosperity.
"The deals announced today show the massive potential of UK-Africa trade and the programs we've announced will be critical to ensuring UK and African businesses are able to capitalise on trade and investment opportunities, now and in the future."
The diverse and fast-growing economies of Africa offer huge potential to UK business. Over £36 billion worth of trade is already happening between the UK and Africa.