The deal target have been buoyed by the
fact that IATF2018 edition had attracted more than 1,000 exhibitors from 45
countries, across 20 sectors, and generated in excess of $32 billion in deals,
some of which Afreximbank has already financed.
IATF2020 will therefore provide a
platform for businesses to share trade, investment and market information, and
for buyers and sellers, investors and countries to conclude business deals. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html Oramah said this in Kigali, Wednesday,
at the signing of the hosting agreement for IATF2020 by the Government of
Rwanda, Afreximbank, and the African Union (AU).
Minister of Trade and Industry of
Rwanda, Soraya Hakuziyaremye, signed
for the Government, Oramah for Afreximbank, and Commissioner for Trade and
Industry, AU, Amb. Albert Muchanga,
of the African Union, signed for the organisation during the ceremony held at
the Transform Africa Summit taking place in Kigali
Oramah explained that for the IATF2020,
which is being organised by Afreximbank in collaboration with the AU and hosted
by Rwanda, the partners had set for themselves an ambitious target of
attracting more than 1,000 exhibitors, and hosting over 10,000 buyers and
conference participants from over 50 countries. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
According to him, the trade fair will
build on the tremendous progress made in the first IATF held in Cairo, Egypt,
in 2018, to achieve more far-reaching results in terms of impact in promoting
Intra-African trade. “About 52 countries have signed
the AfCFTA and 22 have ratified it, paving the way for the agreement to enter
into force. IAATF2020 would include an IATF Trade and Investment Forum. This
will look at the practical challenges affecting AfCFTA implementation, and
provide solutions on how to address them and exploit the benefits offered by
the Agreement,” he added.
He said Afreximbank will also showcase
some practical solutions, including the Pan-African Payments and Settlement
System, which will be launched at the AU Extra-Ordinary Summit of Heads of
State and Government in Niamey, Niger, in July, which will facilitate trade
settlement in local currencies, providing a vital boost to intra-regional
trade. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
Also speaking, Amb. Muchanga said the
partners in the IATF had succeeded in creating a brand, and that the trade fair
was a platform for sharing trade information. It brought together buyers and
sellers and created access to financing for businesses.
He also disclosed that the AU was
establishing an African Trade Observatory, which will gather trade-related
information from member countries, and be a resource for anybody who wanted to
trade with the continent as a source of general trade statistics.
On her part, Ms. Hakuziyaremye
expressed Rwanda’s appreciation at being selected to host IATF2020, saying the
country is committed to building on the success of IATF2018, to ensure a
successful event next year, while also urging all African countries to work
together for the success of the AfCFTA. (Guardian)
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