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Afreximbank to organize conference to showcase Intra-African Trade Fair

CAIRO – 28 May 2018: The African Export-Import Bank (Afreximbank) will organize a conference on Thursday May 31, 2018, at the International Manara Conferences Center to showcase the developments of the Intra-African Trade Fair (IATF2018) and discuss the challenges of Egyptian-African trade. 

Traders sell their goods beneath large parasols at the Mile One market in Port Harcourt, Nigeria.

African leaders have just signed a framework establishing the African Continental Free Trade Area (AfCFTA), the largest free-trade agreement since the creation of the World Trade Organisation (WTO).

The free-trade area aims to create a single market for goods and services in Africa. By 2030 the market size is expected to include 1.7-billion people with more than $6.7-trillion of cumulative consumer and business spending — that is if all African countries have joined the free-trade area by then. Ten countries, including SA and Nigeria, have yet to sign up.

Analysis by the Africa Export and Import Bank shows that one of the main reasons intra-Africa trade is low at around 15 per cent compared to other regions is attributed to lack of trade information.

Some members of the Advisory Council for the Intra-African Trade Fair and other participants in the inaugural meeting of the Council following their meeting in Kigali.

Kigali, 25 March 2018: – The African Export-Import Bank (Afreximbank) has inaugurated an Advisory Council for the inaugural Intra-African Trade Fair (IATF2018), with former Nigerian President Olusegun Obasanjo as Chairman.

Jean-Louis Ekra, a former President of Afreximbank, is the Deputy Chairman of the Advisory Council, which is charged with providing guidance for the preparations for the trade fair scheduled to hold in Cairo from 11 to 17 December 2018.

Dr. Benedict Oramah, President, Afreximbank

The President of the African Export-Import Bank (Afreximbank), Dr. Benedict Oramah, has been named winner of the Industry Ambassador of the Year award at the inaugural Receivables Finance International (RFIx) Awards 2018 held in London.

The African Export-Import Bank (Afreximbank) has inaugurated an Advisory Council for the inaugural Intra-African Trade Fair (IATF2018), with former Nigerian President Olusegun Obasanjo as Chairman.

Jean-Louis Ekra, a former President of Afreximbank, is the Deputy Chairman of the Advisory Council, which is charged with providing guidance for the preparations for the trade fair scheduled to hold in Cairo from 11 to 17 December 2018.

The first-ever Intra-African Trade Fair (IATF) is set to be held in Cairo in December 2018

The first-ever Intra-African Trade Fair (IATF) is set to be held in Cairo in December 2018, officials announced yesterday, following the signing of the hosting agreement between the African Export-Import Bank (Afreximbank), the African Union, and the Government of Egypt.

Cairo, 15 March 2018: – The African Export-Import Bank (Afreximbank) and the Export Credit Insurance Corporation of South Africa (ECIC) have entered into a memorandum of understanding (MOU) to launch a $1 billion financing programme to promote and expand trade and investments between South Africa and the rest of Africa.

Under the terms of the MOU signed in Cairo on Monday, Afreximbank and ECIC will jointly implement a South Africa-Africa Trade and Investment Promotion Programme (SATIPP).

AU, Afreximbank and Egypt sign Intra-African Trade Fair Hosting Agreement .

Preparations for the first-ever Intra-African Trade Fair (IATF), to be held in Cairo in December 2018, entered into full force yesterday with the signing of the hosting agreement among the African Export-Import Bank (Afreximbank), the African Union and the Government of Egypt.

South African President Cyril Ramaphosa(2nd left) and President Paul Kagame after meeting at Village Urugwiro. Foreign affairs Ministers from both countries were also in attendance

South Africa President Cyril Ramaphosa has declared that the political issues that have characterized Rwanda and his country in the past is already in the ‘basket of ‘solved’.

In 2014, diplomatic relations between the two countries turned sour – leading to the expulsion of diplomats from both Kigali and Pretoria.

Moussa Faki Mahamat, the Chairperson of the African Union Commission celebrates the signing of AfCFTA

This morning March 21, 2018, African leaders, right from President Paul Kagame – the Chairman of the African Union, African Union Commission Chairman, Mousa Faki Mahamat as well as President of Niger – Mahamadou Issoufou recalled the years as if it was yesterday.

The leaders and the entire African continent paid tribute to the unique African son – former President of Ghana Nkwame Nkrumah, who launched the Pan African movement that later gave birth to the current African Union.

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News Updates | Page 2 | Intra-African Trade Fair

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