Intra Africa Trade Fair begins in Egypt

The Intra African Trade Fair kicked off in Egypt, aiming to boost trade within the continent and foster economic growth. Benedict Oramah, President of the Africa Export-Import Bank, highlighted the importance of the fair as a 'shock absorber' for Africa amidst global political and economic uncertainties. Oramah stressed the need for Africa to enhance its intra-regional trade, which currently lags behind other regions in the world. The Intra African Trade Fair serves as a platform for businesses to network, governments to showcase opportunities, and for African youth to be exposed to new possibilities. The event aims to break down historical barriers that have hindered intra-African trade, promoting cultural exchange and collaboration among African nations. With a focus on various sectors including the creative industry, automotive, culinary, and investment, the fair seeks to drive industrialization and economic development across the continent. Infrastructure was also discussed as a key factor in enabling trade within Africa. Oramah emphasized that while infrastructure plays a role, the main barrier to trade is lack of trade information. He highlighted the impact of colonialism in fragmenting African countries and hindering cross-border trade relationships. The Intra African Trade Fair aims to address this by increasing awareness and promoting connectivity among African nations. Overall, the Intra African Trade Fair in Egypt stands as a pivotal event in fostering trade relations, promoting economic growth, and empowering the African continent to compete globally. By breaking down trade barriers, enhancing cultural exchange, and addressing information gaps, the fair paves the way for a more interconnected and prosperous Africa.