BUSINESS DRIVE: Chuka Umunna is travelling through Nigeria and Ghana to help British companies
LABOUR’S RISING star Chuka Umunna is spending a week in Nigeria and Ghana this month to promote British business interests.
Leading a joint venture between the London Chamber of Commerce and Industry (LCCI) and UK Trade and Investment, the politician flew out to Nigerian capital Lagos yesterday, and will visit Ghana's capital city of Accra in the coming days, before flying back home on May 17.
The main purpose of the trade mission is for small and medium sized businesses to gain exposure to potential business partners and clients in the two nations.
Before he left, the Streatham MP said: “The historic links and deep cultural ties between our large African diaspora communities in the UK and the next generation of emerging economies in sub-Saharan Africa mean that we are uniquely placed to make the most of the strong economic growth from the region to boost African diaspora businesses and entrepreneurs in the UK.
“While a lot of emphasis is rightly put on the need to increase our exports to countries like Brazil, Russia, India and China, it is also crucial that we push to boost trade with the next generation of emerging economies which include a large number of countries in Africa."
“Sub-Saharan Africa is predicted to achieve a growth rate of over 5 per cent over the next two years and Africa’s middle class is forecast to grow to over 1 billion over the next five decades,” he added.
The LCCI’s chief executive Colin Stanbridge said: “It is very clear that in order to drive growth we need to get companies exporting their products and services to a range of emerging markets.
“West Africa offers a huge market for British goods and I hope that the companies on our mission are able to make the most of all the opportunities on offer,” he added.