Browsing: UK-Africa Trade and Brexit

Ride the wave of the African Continental Free Trade Area, urges Adesina

Ride the wave of the African Continental Free Trade Area, African Development Bank (ADB) president Adesina Urged United Kingdom investors.

Speaking at the UK Parliamentary Symposium, Mr Adesina said Africa is on the cusp of unmatched economic transformation and the United Kingdom must engage in a partnership of change.

“The Africa of the 21st century is very different. The Africa of the 21st century is new and more confident,” he said
The All-Party Parliamentary Group for Africa with the Royal African Society, Oxford Brookes University, and the Trade Justice Network organized the symposium under the theme UK-Africa Trade and Brexit.

Adesina said that Africa and the United Kingdom should be significant trading partners. “The reality, however, is that UK’s trade with Africa is trending downwards. From a $49 billion peak in 2012, trade decreased to $30.6 billion in 2018,” he noted.

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