News Updates | Intra-African Trade Fair




News Updates

As the African Export-Import Bank marks its 25th anniversary, the bank's MD for the Intra-African Trade Initiative, Kanayo Awani, talks on the bank’s strategies to transform Africa with CNBC Africa’s Christy Cole.

How can African countries take full advantage of the first-ever Intra-African Trade Fair coming up in Cairo this December? Jean-Louis Ekra, Former President of the African Export and Import Bank discussed this with CNBC Africa’s Kenneth Igbomor on the side-lines of the Intra-African Trade Fair engagement session in Abidjan.

Nigeria's Former President Olusegun Obasanjo says the Intra-African Trade Fair will really help propel and drive trade within the African continent. CNBC Africa's Kenneth Igbomor caught up with him at Afreximbank's Intra-African Trade Fair engagement session in Abidjan, where he discussed expectations for the upcoming trade fair in Egypt.

The presidential aide for national and strategic projects, Sherif Ismail, delivered a message on Sunday from President Abdel-Fattah El-Sisi to his Nigerian counterpart Muhammadu Buhari.

In his message, Sisi stressed the importance of boosting bilateral relations across all fields, Egyptian Ambassador in Nigeria Abuja Assem Hanafy said in a statement.

He added that Ismail is currently paying a visit to Nigeria, one of the stops on his African tour which will also take him to Gabon.

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 – 3 June 2018: The African Export and Import Bank (Africimbank) launched the first phase of preparations for the Inter-African Trade Fair to be held for the first time from December 11-17, 2018 in Egypt, in cooperation with the African Union and the Export Development Authority represented by the Egyptian Ministry of Commerce and Industry. 

In a conference on Saturday former Nigerian President Osijen Abag stated that Egypt, Nigeria and South Africa are among the countries with great potential to grow and lead the transition in Africa. 

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.

Ambassador Albert Muchanga, Commissioner for Trade Industry and Investment for the African Union Commission says lack of market information remains a key barrier for trade in Africa and he believes the Intra-African Trade Fair can solve this and more. CNBC Africa's Kenneth Igbomor caught up with him at the IATF engagement session in Abuja.

The focus of our 6th Intra-African Trade Fair (IATF2018) Engagement Session in Kampala this morning, was to address ways in which to unlock Uganda's regional trade potential. The panel was constituted by a number of experts on Ugandan trade from both business and government agencies. The panelists commended Afreximbank for instituting the IATF which they saw as an active vehicle to drive the African Continental Free Trade Area Agreement (AfCFTA) and make it a viable reality.

Our 5th Intra-African Trade Fair (IATF) 2018 Engagement Session in Nairobi on Thursday, 13 September, was a great success. The panelists provided fascinating insights into Kenya's trade history with the rest of the continent and highlighted the obstacles associated with intra-African trade, which included trade tariffs, harmonisation of standards on products, lack of relevant trade information as well as logistical and infrastructural challenges.

Abidjan Engagement Session

Our 4th Intra-African Trade Fair (IATF) Engagement Session on Thursday in Abidjan, was a great success. Mr. Kaladji Fadiga, Cote d'Ivoire's Managing Director of Foreign Trade, was one of the panelists, and he committed to the Ivory Coast hosting a national pavilion at the trade fair in December. One of the main topics of discussion amongst the panelists, was the issue of competitiveness in Africa, and how African countries can empower themselves to compete in a global market.

SATIPP Engagement Session South Africa

The second IATF Engagement Session themed “MADE IN AFRICA: Manufacturing for an industrializing Africa” was held at the Sandton Convention Centre in Johannesburg, South Africa on 26 June. Dr. Benedict Oramah, President of Afeximbank, was joined on a panel by Mr. Alec Erwin, Chairman of UBU Investment Holdings, Mr. Vuyani Jarana, CEO of South African Airways, Kutoane Kutoane, CEO of the ECIC and Mr. Robert Gumede, Executive Chairman of Gijima Group Limited. The Intra-African Trade Fair Advisory Council Chairman, President Olusegun Obasanjo, was the guest of honour at the event.