AfricaBusiness

2023 Intra-African Trade Fair Records Deals worth $43.8bln

The African Export-Import Bank (Afreximbank) announced that the Intra-African Trade Fair (IATF2023) 2023 held last month witnessed the conclusion of business deals and transactions valued at US$43.8 billion.

The amount represented the value of 426 deals concluded in 21 sectors covering 52 countries, the organizers said.

Afreximbank’s Executive Vice President Mrs. Kanayo Awani announced that 130 countries participated in the trade fair, which attracted 1,939 exhibitors and 28,282 participants who attended physically and through the IATF virtual platform.

“Building on the successes of IATF2018 and IATF2021, I am proud to say that the buzz and energy generated by IATF2023 will be felt across Africa and beyond for many years to come,” she said. “Together, we have explored new possibilities and opened new doors for a brighter future for our continent.”

IATF2023 was held in Cairo from 9 to 15 November. The next edition of the IATF will be hosted in 2025 by Algeria.