By Claire West
In his first visit to Africa as Business Secretary, Vince Cable, will begin a five-day visit to Nigeria and South Africa today to deepen trade ties and open up further opportunities for British companies to invest in this dynamic region and support UK growth.
Vince Cable will start his visit in Lagos before moving on to Port Harcourt, and then Pretoria, Johannesburg and Cape Town.
Vince Cable will be meeting with British businesses and ministerial counterparts to improve market access, agree further collaboration in areas of British expertise such as innovation and higher education, and promote the UK as a leading destination for African investment.
The Business Secretary will launch his visit with a speech at the Lagos Business School, where he will also talk about the educational links between the UK and Nigeria.
Vince Cable said:
“Strong trade relationships are a key element of the Government’s growth plan as we build a more balanced economy based on investment and exports, not unsustainable debt.
“There are very good prospects for British business in these countries. Nigeria is projected to be the largest economy in Sub-Saharan Africa by 2020. The UK and South Africa’s trading partnership is already worth over £10 billion.
“I hope my trip this week will give more opportunities for British businesses in Africa, which will mean more jobs in the UK.”
In Nigeria, the Business Secretary will:
o Deliver a keynote speech at the Lagos Business School
o Jointly chair a Business to Business Round Table with Nigerian Trade Minister Aganga.
In South Africa, the Business Secretary will:
o Launch a collaborative programme to promote skills for employability
o Promote the GREAT campaign.