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Politics

President cancels attendance at London investment summit

The President of the Republic, João Lourenço, canceled his participation in the UK-Africa Investment Summit, which will be held in London, due to “timing issues”, said a government source.

: Manuel Nunes Júnior representará João Lourenço
Manuel Nunes Júnior representará João Lourenço  

The head of state will be represented at the event, which will take place on January 20, by the Minister of State for Economic and Social Development, Manuel Nunes Júnior, who will be accompanied by a delegation, the same source added.

It was not possible to detail the composition of the delegation that will travel to the United Kingdom.

The British Government wants to make the UK the largest foreign investor in Africa by 2022 among G7 members, which also includes Canada, France, Germany, Italy, Japan and the United States.

The summit to be chaired by British Prime Minister Boris Johnson is intended to showcase examples of more than 2,000 British companies operating in Africa, whose investment is estimated at 38 billion pounds to further opportunities and partnerships.

Political leaders, businessmen and leaders of multilateral organizations were invited, with the presence of South African Presidents Cyril Ramaphosa and Egitpo Abdel Fattah el-Sisi and the Prime Minister of Mauritius Pravind Jugnauth.

On a visit to Angola last week, British Secretary of State for Africa Andrew Stephenson highlighted the economic potential and interest of the United Kingdom in increasing investment in the African country.

During his two-day trip, Andrew Stephenson met with Finance Minister Vera Daves and Angolan National Bank Governor Jose de Lima Massano.

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