• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Tuesday, May 27, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

$43.7bn trade, investment deals sealed at Cairo meeting – Afreximbank

Afreximbank

The Matters Press by The Matters Press
November 29, 2023
Reading Time: 2 mins read
0
Eswatini for $140m Afreximbank’s credit

Afreximbank

Abuja, Nov. 29, 2023:Afreximbank says about 43.7 billion dollars’ worth of trade and investment deals are reported to have been sealed at the just concluded Intra-African Trade Fair (IATF2023) held in Egypt.

RELATED POSTS

Increasing oil rigs, a big score for Nigeria’s petroleum sector reforms

Pope’s invitation to Tinubu reflects Nigeria’s relevance in global affairs -TMSG

Tinubu espouses Nigeria’s unity, diversity at Pope Leo’s inauguration

Kanayo Awani, Intra-African Trade Bank, Afreximbank Executive Vice-President, said this during the Post-Event, Virtual News Conference held in Cairo, Egypt on Tuesday.

Awani said the 43.7 billion dollars worth of trade and investment deals sealed was against the projected figure of 43 billion dollars which was set, describing the event as a success.

She said the third edition of the IATF2023 attracted no fewer than 1,939 exhibitors, with 45 African countries represented.

Awani said from the 45 African countries represented, 42 had pavilions, saying this was a remarkable achievement.

She further said that 16 non-African countries were represented at IATF2023, bringing the total number of countries to 61.

“We did promise to come back and give you conclusive key indicators after doing the necessary audits.

“In terms of participants of attendance both in-person/ virtual, we ended up with 28,282.

In terms of the number of exhibitors I think we had announced 1,615 at the close of the trade fair but following our audit, it was 1,939. we had actually targeted 1,600.”

She said that by their own estimation and standard set, the IATF2023 was a huge success because they exceeded many of their parameters.

Awani said the trade fair was a platform used to connect buyers and sellers, saying we are aware that the contracts that are being negotiated have to be financed in one form or the other.

“As Afreximbank we ensured that financial institutions and non-banking financial institutions were part of the trade fair to provide the necessary financing and expand access to finance on the continent.”

Awani said that the IATF2023 was a huge platform to access finance.

The IATF is not just a platform to grow intra-African trade but a platform for banks to grow access to finance.”

Afreximbank, working with the African Union and other strategic partners, inaugurated the Intra-African Trade Fair in 2018 as a key initiative to support the African Continental Free Trade Area (AfCFTA).

Tags: Afreximbank
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Chevron, NNPC secure $1.4bn for drilling project
Economy/Technology

Increasing oil rigs, a big score for Nigeria’s petroleum sector reforms

May 26, 2025
Group hails Presidential Council initiative, welcomes President Tinubu’s N2tn stabilisation package
Economy/Technology

Pope’s invitation to Tinubu reflects Nigeria’s relevance in global affairs -TMSG

May 24, 2025
Tinubu steering Nigeria away from Venezuela-like tragedy – IMPI
Economy/Technology

Tinubu espouses Nigeria’s unity, diversity at Pope Leo’s inauguration

May 22, 2025
Eulogising Africa’s efforts in midwifing a Covid-19 vaccine
Economy/Technology

Nigeria’s ongoing health reform gets global endorsement with Pate’s honour by Time Magazine

May 21, 2025
Court visits Patience Jonathan’s money palaver
Economy/Technology

Patience Jonathan’s endorsement of Tinubu’s re-election, significant, inspiring

May 20, 2025
Nigeria suspends mining in Zamfara
Economy/Technology

Revival of mining sector causes increase in licensing fees in Nigeria

May 19, 2025
Next Post
Nigeria suspends mining in Zamfara

Nigeria woos foreign mining investors with lower production cost

Rice farmers from poverty to wealth

AA/KSADP establishes 15 rice processing centres in Kano

Recommended Stories

Nigeria floats $4bn Eurobonds

Nigeria still in JP Morgan’s bond index

May 25, 2022
SON sure to certify 75% products in Enugu, Ebonyi states by 2023

Entrepreneurs urge SON to ensure standards of local products for export

November 21, 2022
World Bank warns of economic slump if SSA doesn’t cut trade costs

NBS releases report on increase in food prices

March 24, 2024

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Increasing oil rigs, a big score for Nigeria’s petroleum sector reforms
  • Pope’s invitation to Tinubu reflects Nigeria’s relevance in global affairs -TMSG
  • Tinubu espouses Nigeria’s unity, diversity at Pope Leo’s inauguration

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us