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NEXT INTRA-AFRICAN TRADE FAIR 2020 in Rwanda!

20 July 2018
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 The Intra-African Trade Fair 2020

 

to be hosted by Rwanda

 

Trade Fair -2018 closed with turnover of USD 30 billion

Cairo - The turnover between companies participating in the first edition of the Intra-African Trade Fair (IATF / 2018), closed on Monday dec 17, 2018 in Cairo, Egypt, valued at about 30 billion dollars, thus it exceeded the expectations of the African Union (AU), promoter of the event.

 

The Rationale for the Trade Fair

Analysis by the African Export- Import Bank (Afreximbank) shows that one of the main reasons why intra-African trade is low at around 15% compared to Europe (59%), Asia (51%), and North America (37%) is because of lack of access to trade and market information. To address this challenge, Afreximbank decided to, among other initiatives, convene the Intra-African Trade Fair every two years to provide trade and market information and connect buyers and sellers from across the continent.

 

What IATF 2018 offered?

The Intra-African Trade Fair is the first of its kind in Africa, consisting of a 7-day trade show that provides a platform for sharing trade, investment and market information and enabling buyers and sellers, investors and countries to meet, discuss and conclude business deals. It provides an opportunity for exhibitors to showcase their goods and services, engage in Business to Business (B2B) exchanges and conclude business deals.

IATF provides a platform for entry into a single market of over one billion people joined together under the African Continental Free Trade Area.

 

Primary Objectives of the Intra-African Trade Fair

  1. To bring together continental and global players to showcase and exhibit their goods and services, and to explore business and investment opportunities in Africa
  2. To serve as a marketplace where buyers and sellers of goods and services meet and explore business opportunities
  3. To provide a platform for B2B exchanges and development of business opportunities
  4. To share trade, investment and market information with stakeholders including investors, SMEs, the informal sector, Africans in Diaspora, and to identify solutions to address the challenges affecting intra-African trade
  5. For Afreximbank and other financial institutions, to share information about their trade finance and trade facilitation interventions that will support intra-African trade
  6. To discuss topical issues affecting intra-African trade and provide practical and effective solutions
  7. To deploy multi-country and multi-company pavilions that will serve as one-stop shop for intra-African trade and investment opportunities in Africa

 

What is Intra-African Trade?

Afreximbank defines intra-African Trade as the trade in goods and services between or among African countries and the flow of goods and services between Africa and Africans in the Diaspora. The scope of intra-African Trade has also been broadened to include informal cross border trade to enable the Bank to design special products and dedicate resources to formalize this trade. 

 

Afreximbank Strategy to promote Intra-African Trade

The Trade Fair is informed by Afreximbank’s strategy for the promotion of Intra-African Trade. The strategy can be summarized under three key pillars: Create, Connect and Deliver

Create: This pillar supports the production of goods and services with a view to enhancing engagement in regional trade. It seeks to build capacity for the expansion of production and processing capabilities, with a focus on agricultural production, agro-processing, manufacturing and services.

Connect: Afrexim seeks to provide traders with links to various markets on the continent. The Bank aims to identify institutions and agents that are able to facilitate the connection of demand and supply across markets. This pillar is central to the trade fair, which is aimed at bringing relevant entities together and facilitating business growth and opportunities.

Deliver:  Here the focus is on facilitating the provision of efficient and cost-effective distribution channels within the continent. This includes the creation of transport logistics, storage and service payment systems, and buyer-financing arrangements which will help to accelerate the flow of goods and services to buyers, thereby creating a market.

The Trade Fair will contribute towards the bank’s objective to increase intra-African trade from USD170 billion in 2014 to USD 250 billion and by so doing, ensure that intra-African trade share of Africa’s total trade reaches 22% by 2021. “Conservatively, intra-Africa trade is a USD 6 trillion opportunity for Africa in the short term and USD 12 trillion in the long term” (Amy Jadesimi: Forbes, May 23 2017). Afreximbank will use the Trade Fair as well as other interventions to assist the continent to realise its trade potential and achieve positive transformation for Africa.

 

 

Discover IATF 2018

 

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  • The Africa CEO Forum - March 25-26, 2019 - Kigali, Rwanda.

    The Africa CEO Forum - March 25-26, 2019 - Kigali, Rwanda.

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    Why Attend?

     

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    For company executives, the annual turnover must exceed 10 million euros.
    Please note this is a pre-registration process and each registration is screened carefully to ensure the admission criteria is met. You will receive a confirmation and details on next steps from the organizers following this process.
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  • Intra-African Trade Gets $1 Billion Push

    Intra-African Trade Gets $1 Billion Push

    The African Export-Import Bank (Afreximbank) and the Export Credit Insurance Corporation of South Africa SOC Limited (ECIC), yesterday, Johannesburg, unveiled a $1billion financing programme to promote and expand trade and investments between the country and the rest of Africa.

    The financing, under the South African-Africa Trade and Investment Promotion Programme (SATIPP), Afreximbank and ECIC will work together to identify, prepare and appraise trade transactions and projects.They will also explore co-financing and risk-sharing opportunities, as well as share knowledge, with particular emphasis on intra-African trade matters, through technical cooperation, staff exchange, research and joint events.

    This is coming few weeks after the continent's largest trade bank, reiterated its cooperation with Nigeria's quest for development and offered to arrange financing of up to $1 billion to support investments in trade enabling infrastructure.The pan-African multilateral lender said that its facilities had made major impact on critical sectors of the Nigerian economy, while the institution now has loans outstanding of about $3.5 billion in the country as at 31 December 2017.

    The bank identified the benefiting sectors of its to include financial institutions, transport, hospitality, manufacturing, agro-allied, oil and gas, power, and telecommunications.But addressing the business community, media and stakeholders from the public and private sectors, the President of Afreximbank, Dr. Benedict Oramah, said that the joint initiative would support businesses through capacity building and market information initiatives and would help small and medium-sized entrepreneurs to join regional supply chains.

    It would also provide advisory services and guarantees to South African investors seeking trade and investment opportunities in Afreximbank's regional member countries.According to him, the initiative provides a platform for the realisation of Afreximbank's strategic objectives in line with its strategy- Impact 2021: Africa Transformed, which prioritises intra-African trade, industrialisation and export manufacturing.

    The Chief Executive Officer of ECIC, Kutoane Kutoane, said: "We realise that one of the best ways to enhance our exporting capabilities as a country is by intensifying mutually beneficial trade with the rest of the continent." Today, Afreximbank commenced its yearly general meetings in Abuja, slated for July 11 to 14, while it also has the Intra-African Trade Fair in Cairo slated for December 11 to 17, in efforts to promote trade among African countries.

    Oramah said the trade fair, being promoted in collaboration with the African Union and the Egyptian government, would be the continent's single largest trade fair and the first of its kind.It will feature a seven-day trade show where Nigerian businesses could join others to showcase their capital goods and service offerings to a large market, including private sector corporates and government institutions from up to 55 African countries.

    Read the original article on Guardian.
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