UK-AFRICA PARTNERSHIPS FORUM

21 November 2024 Venue: House of Lords, UK

UK-AFRICA PARTNERSHIPS FORUM

The UK-Africa Partnerships Forum is a strategic platform designed to foster and deepen relations between the United Kingdom and Africa, harness the strengths of both regions to unlock emerging economic opportunities, drive inclusive growth, strengthen strategic partnerships, address mutual challenges, and foster deeper collaboration across trade, innovation, and sustainable development. The UK-Africa Partnership Forum arises in the context of rapidly evolving global economic dynamics and the increasing importance of Africa as a strategic partner for the UK post-Brexit.

The UK has maintained a long-standing relationship with Africa, historically focused on trade, investment, and development aid. However, the UK’s exit from the European Union has prompted a rethinking of its foreign economic policies, particularly toward Africa—a continent poised for significant economic growth. In 2023, Africa was seen as one of the fastest-growing regions in the world, with a collective GDP of over $3 trillion. Despite global economic challenges, Sub-Saharan Africa’s economy grew by an estimated 3.6% in 2023, with projections to reach around 4.1% by 2024 due to robust performance in key sectors like agriculture, energy, and telecommunications.

The UK has responded by recalibrating its relationships through bilateral agreements. In 2021, the UK signed Economic Partnership Agreements (EPAs) with countries like Kenya, Ghana, and the Southern African Customs Union, ensuring continuity in trade post-Brexit. By 2023, UK-Africa trade was valued at approximately £40 billion, with major exports including machinery, pharmaceuticals, and financial services. However, there is untapped potential to expand trade beyond traditional sectors and drive innovation-led growth across both economies. Though trade between the UK and Africa continues to grow, there is still significant room for expansion.

Key Highlights of the Forum

1) Keynote Addresses & High-Level Thematic Panel Discussions

2) Bilateral Meetings, Policy Alignment Discussions & Exclusive Networking Sessions

3) Workshops and Breakout Sessions

4) Exhibition and Showcase (Countries and States Governments Investment Showcase)

5) Unveiling of the African Leadership Magazine’s special publications