Africa is expecting to raise $40 billion in trade and investment deals at the Intra-African Trade Fair (IATF) scheduled to take place in Kigali from 1-7 September, 2020.
A similar event in Cairo, Egypt, in 2018 successfully raised $32 billion, positively encouraging organizers that more can be mobilized from the forthcoming event in Rwanda.
Speaking at the launch of preparations for the event, Rwanda’s Trade Minister, Soraya Hakuziyaremye said experience from Egypt will facilitate Rwanda to create better experiences for participants while in Kigali.
The launch was held on the sidelines of the ongoing Transform Africa Summit that ends on Thursday, May 17.
The IATF2020 will be organized by Rwanda in collaboration with the African Export-Import Bank (Afreximbank) and the African Union.
The event will provide a unique and valuable platform for businesses to access an integrated African market of over 1.2 billion people with a GDP of over $2.5 trillion created under the African Continental Free Trade Area.
More than 5000 participants and 1000 exhibitors are expected to attend from 55 countries.
The event will consist of an exhibition, trade and investment forum, virtual trade fair and creative African experience.
There will also be a conference featuring leading African and international speakers and a variety of sessions dealing with African trade and investment.
Business-to-Business and government-to-business opportunities for matching and exchanges will be held to facilitate striking trade and investment deals in nearly all sectors ranging from ICT, mining, agriculture, automotive, manufacturing and many more.
Minister Hakuziyaremye called upon all stakeholders to coordinate and make the event a success.