Africa Business Radio

Intra-African Trade Fair Generates $42.1bn Trade, Investment Deals

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Synopsis

The latest tally by the IATF Advisory Council shows that the recently concluded second Intra-African Trade Fair generated a record $42.1 billion in trade and trade-related investment deals The latest figures captured additional data submitted by trade promotion agencies of Algeria, Nigeria and South Africa. It also included other verticals, such as the Creative Africa Nexus programme, the IATF Automotive Show and the African Union’s Youth Start-Up programme. IATF 2021 surpassed its pre-set target of $40 billion in trade and investment deals, going well beyond the $32 billion in transactions closed during the first edition in Cairo, Egypt in 2018.