Following a special invitation by President Cyril Ramaphosa of South Africa, President Muhammmadu Buhari yesterday left Paris, France for South Africa to join other African leaders at the official opening ceremony of the 2nd Intra- African Trade Fair (IATF) 2021 which takes place tomorrow.
The fair, according to a release by Buhari’s spokesman, Femi Adesina, is expected to attract trade and investment deals worth $40 billion into the continent. The event, holding from November 15 to November 21, is being convened by the African Export- Import Bank (AFREXIM) in collaboration with the African Union Commission (AUC) and the African Continental Free Trade Area (AfCFTA) Secretariat. The theme of the Fair, ‘Building Bridges for a Successful AfCFTA’, aims at boosting trade and investment across the African continent.
It also promises to create the enabling environment for businesses to thrive across the African continent; bring to fruition the lofty ideas behind the creation of the AfCFTA by providing the platform to further identify and proffer solutions to challenges militating against intra-African trade and generate market information needed to connect buyers and sellers throughout the continent.
Global businesses, including non-African international brands are expected to key into opportunities generated by the fair even as various Nigerian investors are already in Durban to take advantage of the event.
The President will be accompanied on the trip by the Minister of Foreign Affairs, Geoffrey Onyeama; Minister of Industry, Trade and Investment, Otunba Niyi Adebayo; Director General, National Intelligence Agency, Ambassador Ahmed Rufai Abubakar and the Executive Director/ Chief Executive Officer of Nigerian Export Promotion Council, Segun Awolowo. President Buhari is expected back in Nigeria on Tuesday, November 16.