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London Courts Africa’s Rising Economic Power as Khan Hosts Historic Business Summit
London Courts Africa’s Rising Economic Power as Khan Hosts Historic Business Summit
By: Michael Mike
In a bold push to cement London’s status as the premier global gateway for African investment, business and innovation, Mayor Sadiq Khan on Wednesday convened the first-ever London-Africa Business Summit, bringing together leading investors, policymakers and entrepreneurs from across the African continent and the United Kingdom amid intensifying global competition for Africa’s rapidly expanding markets.
The landmark gathering, hosted at City Hall and attended by more than 200 business and political leaders, marks a new chapter in economic relations between London and Africa, as both sides seek to capitalize on growing trade opportunities, rising investment flows and the continent’s emergence as one of the world’s most significant engines of future growth.
The summit comes at a time when Africa’s economic importance is attracting unprecedented international attention. With its youthful population, expanding middle class, accelerating urbanization and increasing digital transformation, the continent is widely projected to account for a significant share of global economic growth in the coming decades.
Against this backdrop, London is moving aggressively to position itself as Africa’s preferred international financial and commercial hub.
Addressing delegates, Khan described Africa as one of the world’s most dynamic growth regions and reaffirmed London’s commitment to supporting African companies seeking global expansion.
“I am proud to host City Hall’s first-ever London-Africa Business Summit, bringing together investors, entrepreneurs and businesses to showcase London as the best city in the world for African companies to expand internationally and attract investment,” the mayor said.
The summit represents a major outcome of Khan’s groundbreaking 2025 trade mission to Nigeria, Ghana and South Africa — the first official African trade mission by a serving Mayor of London. The visit was designed to strengthen commercial partnerships and deepen engagement with some of Africa’s largest and fastest-growing economies.
The strategy is already delivering measurable returns.
Officials disclosed that African companies have invested more than £30 million in London through foreign direct investment since the mayor’s visit last year, strengthening confidence in the city as a destination for African capital and enterprise.
The summit also underscored London’s dominance as the leading international marketplace for African businesses. According to figures presented at the event, 117 African companies are currently listed on the London Stock Exchange, more than on any other stock exchange worldwide.
Those listings span strategic sectors including telecommunications, banking, energy, mining, technology and infrastructure, reflecting London’s long-standing role as a bridge between African enterprise and global capital.
The significance of that position becomes even more evident when compared to other financial centres. Fewer than 20 African firms are listed on the New York Stock Exchange, highlighting London’s unique relationship with African markets and investors.
Beyond financial markets, participants examined growing opportunities for collaboration in technology, renewable energy, healthcare, education, creative industries, agribusiness and infrastructure development.
Representatives from Ghana’s Ministry of Trade, the Nigerian Exchange Group, the London Africa Network, SOAS University of London and investment firms from both regions participated in discussions focused on unlocking new avenues for growth and investment.
Economic experts at the summit noted that Africa’s transformation is no longer viewed solely through the lens of development but increasingly as a strategic economic opportunity.
Home to some of the world’s fastest-growing cities and a population expected to surpass 2.5 billion by 2050, Africa is becoming a focal point for global investors seeking new markets, innovation hubs and long-term returns.
The growing importance of the continent is already reflected in trade figures.
Despite a challenging global economic environment, total UK-Africa trade reached approximately £52 billion in 2025, while British exports to African countries climbed to nearly £26.2 billion, demonstrating the increasing strength of commercial ties between both regions.
For Britain, the relationship extends beyond economics.
The UK hosts one of the largest African diaspora populations in Europe, including an estimated 215,000 Nigerians, creating deep cultural, social and business connections that continue to strengthen bilateral relations.
Business leaders attending the summit argued that these human connections provide a powerful foundation for future economic cooperation.
Mark Smithson, Country Director for Nigeria and Anglo West Africa at the UK Department for Business and Trade, said the forum had created a platform capable of translating ambition into tangible economic outcomes.
According to him, stronger partnerships between British and African businesses would drive sustainable growth, attract investment and create jobs across both regions.
Similarly, financial institutions highlighted growing investor interest in Africa’s expanding markets.
Chief Executive Officer of FirstBank UK, Olukorede Adenowo, said London remains a critical gateway for African businesses seeking international expansion, while Africa continues to offer some of the most attractive long-term investment opportunities globally.
The summit also aligns with London’s broader economic ambitions.
Under the city’s Growth Plan, London aims to attract enough investment to add £107 billion to its economy by 2035 and create 150,000 new jobs by 2028. African investment is expected to play an increasingly important role in achieving those targets.
For many observers, the significance of the inaugural London-Africa Business Summit extends far beyond investment announcements and networking opportunities.
It reflects a strategic shift in how global cities are engaging with Africa — not as a continent in need of assistance, but as a rising economic force capable of shaping future patterns of trade, finance and innovation.
As competition intensifies among global financial centres seeking deeper access to African markets, London is making a calculated bet that its historical ties, financial expertise and multicultural character can secure it a leading role in Africa’s economic future.
The success of the summit suggests that bet may already be paying off.
London Courts Africa’s Rising Economic Power as Khan Hosts Historic Business Summit
News
Borno: Biu residents commend Betara over construction of township roads
Borno: Biu residents commend Betara over construction of township roads
By Peter Uwumarogie
Some residents of Biu Local Government Area of Borno have commended Hon. Aliyu Betara, member representing Biu/Bayo/Shani/Kwaya Kusar Federal Constituency for constructing township roads in Biu town.
They gave the commendation in separate interviews with the News Agency of Nigeria (NAN) in Biu town on Monday.
Malam Rabiu Aliyu, a resident, said that the roads had helped mitigate flooding in his community while providing seamless access to homes.
Aliyu said that the intervention addressed the critical needs of the people as some communities within the town were not properly connected by roads until Betara’s intervention.
“This is what representation should look like; directly meeting the needs of your people.
“We commend the Federal lawmaker for helping residents see the dividends of good representation.
“He (Betara) may not be around us every time but what he has done can be seen, used, touched and felt, that’s governance,” he said.
For Suleiman Isa, another resident, the roads have not only added to the beauty of the town but reduced the cost of transportation around the town.
He said some residents could easily use bicycles from their homes to market, schools, worship centres and other locations without needing to pay to enter tricycles.
Isa said the construction of the roads had made communities within Biu town more connected and “that’s why many people now buy rechargeable bicycles and move with ease.
“The roads have really helped students as they now use bicycles to school and the good roads reduce their travel time and stress,” he said.
Mrs Esther Daniel said the roads have helped improve economic activities in her community as shops have been built along the roads where women sell their goods near their homes.
Daniel also said the project has helped improve mobility especially during the rainy season when the roads used to be flooded and largely inaccessible.
“Now even if it rained, we don’t get stuck at home; we still go and do our normal activities and return safely.
“Betara has been representing us well and we will continue to pray for him. It is not difficult to please Nigerians, just represent us well and we will support and love you.
“This is why many people love Betara because he is doing what makes life easy for his constituents,” she said.
For Hauwa Ibrahim, a resident who lives adjacent to Biu main market, Betara has shown goodwill to his people and “we are proud of him.”
Ibrahim, however, urged the Federal lawmaker to complete other roads that he had earmarked for construction so that “we too can enjoy what others are enjoying.
“Some communities along Gombe road have been marked for construction but are yet to be done.
“So in the spirit of inclusive governance, we appeal for those roads to be constructed to make it easy for residents there to access their homes and businesses,” she appealed.
Borno: Biu residents commend Betara over construction of township roads
News
Gallant Troops Overrun Terrorist Camps in Dajin Madam Forest, Neutralise Two Bandits in Plateau
Gallant Troops Overrun Terrorist Camps in Dajin Madam Forest, Neutralise Two Bandits in Plateau
By: Zagazola Makama
Gallant troops of the Nigerian Army’s 33 Artillery Brigade have launched a major offensive against terrorist and bandit hideouts in Dajin Madam Forest, straddling Kanam and Wase Local Government Areas of Plateau State, destroying several camps and neutralising two armed criminals during successive encounters.
Security sources told Zagazola Makama that the operation commenced at about 11:00 a.m. on Nov. 8, 2026, with troops advancing into the forest in a coordinated offensive against criminal elements operating within the area.
During the operation, the troops successfully cleared several terrorist camps across five identified locations within the forest, denying the criminals access to their established hideouts and support infrastructure.
The troops subsequently destroyed and burnt the terrorists’ life-support structures, including facilities believed to have sustained their presence and operations in the forest.
The offensive gathered momentum at about 3:41 p.m. when troops made contact with the armed bandits at another location within the forest.
The soldiers engaged the criminals with superior firepower, forcing them to withdraw in disarray.
Evidence of the effectiveness of the engagement was indicated by bloodstains observed along the bandits’ withdrawal routes, suggesting that some of the fleeing criminals might have sustained gunshot injuries.
Undeterred, the troops continued exploiting the general area, leading to the recovery of a significant cache of ammunition, communication equipment, mobility assets and other logistics.
Items recovered included 135 rounds of 7.62mm NATO ammunition, PKT ammunition links, two motorcycles, two drums of Premium Motor Spirit (PMS), two communication radios and four mobile phones.
The troops also recovered three woodland and desert camouflage uniforms, two Keystone camouflage uniforms and other sundry items believed to be associated with the activities of the criminal group.
In a further demonstration of sustained combat pressure, the troops made another contact with the fleeing bandits at about 6:30 p.m. during a pursuit operation.
The soldiers engaged the criminals, neutralising two bandits close to Kukawa village in Kanam Local Government Area.
Two additional motorcycles were also recovered during the encounter.
Following the successful engagements, the troops moved to a harbour position at Kukawa, where they continued to maintain their operational presence in the area.
The operation represents a significant offensive against armed criminal networks using the Dajin Madam Forest corridor as a hideout, with the destruction of their camps, recovery of ammunition and logistics, and the neutralisation of two bandits further disrupting their operational capabilities.
The sustained advance by the troops also illustrated the Nigerian Army’s determination to deny terrorists and bandits safe havens in the forests linking Kanam and Wase, while maintaining pressure on fleeing elements.
Gallant Troops Overrun Terrorist Camps in Dajin Madam Forest, Neutralise Two Bandits in Plateau
News
ECOWAS Inspection Team Assesses Readiness of Nigerian Standby Force in Ondo
ECOWAS Inspection Team Assesses Readiness of Nigerian Standby Force in Ondo
By: Zagazola Makama
An inspection team from the ECOWAS Force Headquarters and Army Headquarters has assessed the operational readiness of Nigeria’s ECOWAS standby force at Naquora Barracks in Okitipupa Local Government Area of Ondo State.
Security sources told Zagazola Makama that the team, led by Brig.-Gen. Sheikh Sulaiman Massaquoi, visited the barracks on Nov. 7, 2026, to evaluate the troops’ preparedness for possible deployment.
The team received briefings on troop readiness, training and administrative matters, and witnessed demonstrations on roadblock operations and crowd dispersal.
Massaquoi commended the troops for their performance and urged them to sustain high standards of professionalism, discipline and physical fitness.
The inspection visit ended without any incident.
ECOWAS Inspection Team Assesses Readiness of Nigerian Standby Force in Ondo
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