UK/AFRICA SUMMIT 2020

The UK Africa Summit, which took place on 20 th January 2020, at Intercontinental Hotel,
Greenwich London, was attended by 21 African countries, top government officials, business
men and women and financial institutions
In less than a week, the United Kingdom, will Brexit from the EU, so it is no surprise, that it is
focusing on Africa.. Africa as a continent has over 1.2 billion people, a combined GDP of over
$5Trillion.
A Nigerian medical tech start up, TREP LABS, which provides and build affordable hardware
solutions to health problems in Africa, had an exhibition of their product. Another Nigeria,
Ifeoma Uddoh Female Tech Founder 2020, CEO of SHECLUDED (a credit inclusion company),
was among the companies, that participated
Tony Elumelu, Chairman of Heirs Holding and United Bank of Africa, was a panelist, according
to him, Africa needs massive private capital to enable drive her growth, access to electricity,
huge youth population in Africa, require empowerment, economic encouragement for young
people, mentoring, creating opportunities for young people.
On the sidelines, Nigeria’s Finance Minister held meetings with institutional investors laying out
the Federal Government’s plans, medium term & reform agenda 2020 amongst other topics at
Standard Chartered office in London on sidelines of the UK-Africa Summit.
South Africa is the sub-Saharan African country that does the most trade with the European
Union. Minerals, cars and agricultural products are exported into EU and of that total 18% end
up in the UK.

By Kede Aihie

Author: nmmin

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