President Yoweri Museveni is among a dozen African leaders in London for a summit aimed at boosting the UK’s private sector investment on the continent.
The summit aimed at boosting the UK’s private sector investment on the continent.

‘‘I thank the Prime Minister [the Rt. Hon. Boris Johnson] for the invitation. Like I told him in our bilateral meeting, Uganda is ready to receive British investors, given the immense business opportunities in the Pearl of Africa.’’ President Museveni said on Monday.

He added: We have greatly upgraded infrastructure to support investment. We have sufficient electricity, a skilled workforce, fair tariffs, good roads, etc. Opportunities exist in agriculture, services, tourism, dairy sector, ICT etc.
In his speech, the Prime Minister indicated that African products, including Uganda’s beef, would find its way onto the dining tables of post-Brexit Britain.

The UK government has signed 11 trade agreements with African countries, just over a week before it officially leaves the European Union.
It is expected to unveil a new strategy for development in Africa later on Monday, which will focus more on infrastructure and trade.

This is a major shift in the UK’s relationship with Africa.
It is about using aid money to support investment. The Department for International Development says it is now focusing on digital technologies, green energy and women entrepreneurs.
UK businesses will also play a big role. They have already signed deals worth more than $7.8bn, with more expected during the summit.

With many of the fastest growing economies and a rapidly expanding population, Africa is seen as an attractive market for long-term investors.

Africa has a rapidly growing population with one in four of the world’s population expected to come from the continent by the middle of the century.

Source: Newz post

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