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The Commonwealth Enterprise and Investment Council (CWEIC), in collaboration with the Aspen Institute UK, hosted a high-level discussion at the Royal Over-Seas League exploring the future of UK–Africa trade and investment partnerships.

The event, titled “Opportunities and Challenges for UK–Africa Trade: Celebrating Partnership and Collaboration,” brought together business leaders, policymakers, and development experts to examine how the UK and Africa can deepen economic cooperation in an evolving global landscape. The discussion formed part of the Aspen UK Africa–UK Catalyst Fellowship, which is building innovative networks between businesses, NGOs, and governments across both regions.

The panel — chaired by Sir Myles Wickstead, Visiting Professor at King’s College London — featured Kate Foster OBE, Africa Director at the UK’s Foreign, Commonwealth & Development Office (FCDO); Ayo Otuyalo, Group Managing Director of Prime Atlantic; and Duarte Pedreira, Global Head of Trade and Working Capital Finance at Crown Agents Bank.

Reframing the UK-Africa Relationship

Speakers and participants highlighted the need for a shift in perception and approach to UK–Africa relations. While Africa is home to many of the world’s fastest-growing economies, it continues to face barriers linked to outdated notions of risk. Several panellists emphasised the importance of de-stigmatising investment in Africa and moving away from narratives that frame African economies as junior partners rather than equal collaborators.

Discussions also underscored the role of fintech innovation, youth entrepreneurship, and value-added manufacturing in driving inclusive growth. The African Continental Free Trade Area (AfCFTA) was cited as a historic step forward for regional integration, creating new opportunities for UK businesses and investors seeking long-term, sustainable engagement.

Opportunities and Challenges Ahead

Participants agreed that unlocking Africa’s full economic potential requires addressing structural challenges — from restrictive visa policies that limit business mobility to limited risk appetite among UK financial institutions. Enhancing access to finance for African SMEs, investing in education and skills development, and improving trade facilitation were identified as key enablers of shared prosperity.

The discussion also touched on broader global trends, including the impact of Brexit, regional political complexities, and the need for governments to balance short-term domestic priorities with long-term strategic engagement with Africa.

Shared Vision for Sustainable Growth

The session concluded with a shared commitment to redefining UK–Africa trade through collaboration, innovation, and trust. Participants called for continued dialogue between public and private sectors to promote mutually beneficial trade, sustainable development, and job creation across the Commonwealth.

Following the panel, guests continued the conversation at a networking reception, building connections across government, finance, and enterprise sectors.