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ECOWAS Participates on the 2nd Intra-African Commerce Truthful in Durban

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Durban, South Africa, November 21, 2021. The Fee of the Financial Neighborhood of West African States (ECOWAS) participated within the 2nd Intra-African Commerce Truthful (IATF) 2021 held in Durban, KwaZulu-Natal, South Africa from November 15 – 21, 2021.

Honourable Herbert KRAPA, Deputy Minister of Commerce and Trade of Ghana and Kola Sofola, Ag Director Commerce

Organised by the African Export-Import Financial institution (Afreximbank), in collaboration with the African Union (AU) and the African Continental Free Commerce Space (AfCFTA) Secretariat, the 2nd IATF offered a platform to advertise commerce underneath the AfCFTA. It introduced collectively continental and world patrons and sellers, and enabled stakeholders to share commerce, funding and market data in addition to commerce finance and commerce facilitation options designed to assist intra-African commerce and the financial integration of the continent. Along with establishing business-to-business and business-to-government alternate platforms for enterprise offers and advisory providers, IATF 2021 additionally operated IATF 2021 Digital, an interactive on-line platform that replicated the bodily occasion.

The IATF 2021 Convention, which was run alongside the exhibition, featured high-profile audio system and panellists addressing topical points referring to commerce, commerce finance, funds, commerce facilitation, trade-enabling infrastructure, commerce requirements, industrialisation, regional worth chains and funding. Different facet occasions included the IATF Automotive present and the Artistic Africa Nexus (CANEX) summit.

H.E. Olusegun OBASANJO, former President of the Federal Republic of Nigeria and Chair of the IATF Advisory Council

The opening ceremony featured remarks from seven (7) sitting and former Heads of State and Authorities together with President Cyril RAMAPHOSA of South Africa, President Muhammadu BUHARI of Nigeria, President Lazarus CHAKWERE of Malawi, President Hakainde HICHILEMA of Zambia, President Emmerson MNANGAGWA of Zimbabwe, Hon. Hussein MWINYI of Zanzibar and the Rwandan Prime Minister, Hon. Edouard NGIRENTE, in addition to H.E. Olusegun OBASANJO, former President of the Federal Republic of Nigeria and Chair of the IATF Advisory Council.

Amongst the over 1,100 exhibitors was the ECOWAS Fee, in addition to variety of ECOWAS Member States together with Cote d’Ivoire, The Gambia, Ghana, Nigeria, Senegal, Sierra Leone and Togo. Moreover, Cote d’Ivoire, Ghana, Nigeria held their respective nation days on the Truthful, presenting them with a chance to indicate case their commerce, funding, tourism and cultural alternatives.

The ECOWAS Fee’s exhibition stand offered details about ECOWAS, in addition to numerous precedence group growth programmes and initiatives. In his go to to the stand, the Deputy Minister of Commerce and Trade of the Republic of Ghana, Honourable Herbert KRAPA, recommended ECOWAS for its efforts to advertise commerce in and with West Africa. He reiterated the dedication of Ghana, as Chair of the group, to proceed to champion the method of deepening of regional integration.

On behalf of the ECOWAS Commissioner for Commerce, Customs and Free Motion Mr. Tei KONZI, the Appearing Director of Commerce, Mr. Kolawole SOFOLA thanked Honourable KRAPA for visiting the ECOWAS exhibition stand and for Ghana’s management within the area. He expressed the Fee’s dedication to assist Member States to benefit from the alternatives underneath the African Continental Free Commerce Space (AfCFTA).

Cote d’Ivoire gained the bid to host the third IATF in 2023, while Ghana was awarded with one of the best exhibition stand of the 2nd IATF.

The Truthful was attended by 1,161 exhibitors, 838 corporations from 59 International locations of which 46 got here from Africa. Enterprise offers price an estimated USD 36 billion concluded.

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