Rwanda inks agreement with Afreximbank to host Intra-African Trade Fair in 2020Devdiscourse News Desk | Kigali | Updated: 15-05-2019 19:29 IST | Created: 15-05-2019 19:29 IST
The government of Rwanda has inked an agreement with the African Export–Import Bank (Afreximbank) and the African Union to host the second Intra-African Trade Fair (IATF2020) slated for September 2020.
The agreement was signed on May 14 in Rwanda's capital, Kigali on the sidelines of the four-day Transform Africa Summit, Afreximbank revealed in a statement. The trade fair is slated to take place in Kigali between September 1 to 7, 2020 organized by Afreximbank in association with the African Union, according to the statement.
The second Intra-African Trade Fair will target the execution of Intra-African trade deals worth over USD 40 billion, said Benedict Oramah, Afreximbank's president, at the signing ceremony.
The organizers look forward to attracting over 1,000 exhibitors and host more than 10,000 buyers and conference participants from over 50 countries, said Oramah, as reported by Xinhua.
The trade fair was a platform for sharing trade information, which brought together buyers and sellers and created access to financing for businesses, said Albert Muchanga, Commissioner for Trade and Industry of the African Union. The first Intra-African Trade Fair was held in the Egyptian capital Cairo in 2018.