Mr Joel Popoola, a Nigerian tech entrepreneur, has been appointed to head the task force to improve trading ties between Africa and the United Kingdom.
Popoola, a digital democracy campaigner and the creator of the Rate Your Leader app, is to lead a Special Interest Group for Africa established by the UK Institute of Directors (IoD)-one of the world’s oldest and most prestigious business leader groups
According to him, the IoD Africa SIG will stimulate business opportunities, increase networking, and grow awareness of British businesses in Africa and African businesses in Britain.
The IoD Africa SIG will be launched in London on May 19, 2022, with all African diplomatic missions and some heads of state expected to attend.
In a statement, he stated that prior to the launch, serious bi-monthly online roundtables would be held to discuss post-COVID-19 and Brexit business opportunities for UK and African businesses.
The UK Government has already negotiated eight free trade agreements with African countries and trading blocs since Brexit, creating tariff and duty-free trade between Britain and 30 African nations-this means significant opportunities for African consumers and companies, not least in 24 English speaking countries.
Popoola in the statement said: “One UK parliamentary report recently noted that UK-Africa trade has ‘flat-lined’ and accounts for just 2.5 percent of all UK trade.
But before the COVID-19 outbreak, the world’s five fastest-growing economies were all African, and regional leaders like South Africa and Nigeria are likely to become superpowers of the global economy as we move towards the second half of this century.
More needs to be done on both sides to take advantage of the opportunities on offer.
