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vendredi, 25 mars 2022 22:59

Intra-African trade: IATF2023 will take place from 21 to 27 November 2023 in Côte d'Ivoire, the hosting agreement signed in Abidjan Spécial

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After, Cairo (Egypt) 2018, Durban (South Africa), Abidjan (Ivory Coast) is the first French-speaking capital which will host from November 21 to 27, 2023, the third edition of the Intra-African Trade Fair ( IATF 2023). 
The convention agreement was signed on March 25, 2022 in Abidjan between Afreximbank, the African Union, the secretariat of the African Free Trade Area (Zlecaf) and the Ivorian government represented by Patrick Jérôme ACHI, Prime Minister, Head of Government, the Chairman of the 2021 IATF Advisory Board, in the presence of the Chairman of the 2023 IATF Advisory Board, the former President of Nigeria, His Excellency Chief Olusegun Obasanjo.
This signature constitutes the official act of the official invitation sent to Côte d'Ivoire in November 2021 and the commitment of the Ivorian State to the organization of the continental common market where 20,000 exhibitors are expected. 75 billion USD are the commercial commitments signed since the first edition in 2018. Thus for the IATF 2023, 40 billion USD are projected.
“This act is the departure of the train from Durban to Abidjan with various opportunities for the intra-African commercial market. It was during the first edition of the IATF, that the largest intra-African EPC contract for a hydroelectric power project worth US$2.9 billion was signed between the Government of Tanzania and two major Egyptian engineering companies, namely El-Sewedy Electric and the Arab contractors. The financing was coordinated by Afreximbank and was fully backed by a consortium of African banks. The project aims to generate 2,100 megawatts of hydroelectric power, which is 42% of Tanzania's goal of generating 5,000 megawatts by 2025, and create more than 6,000 jobs in Egypt and Tanzania. With the assets available to Côte d'Ivoire and the commitment of the government, I have no doubt that the IATF 2023 will be a great success and will leave immemorial and lasting memories for African economic operators, States and investors. of the world,” said Chairman of the Board of Afreximbank, Prof. Benedict Oramah.
At this meeting will be organized events such as trade exhibitions, the establishment of an intra-African trade platform, an economic observatory and African trade, forums on trade in Africa, the presentation of the mapping of opportunities for investment in infrastructure and tourism, industrialization in Africa, the start of the development program for young African entrepreneurs, and others…
For Albert Muchanga, Commissioner for Trade and Industry of the African Union, intra-African trade remains low with only 16% of trade between African countries and the IATF represents the only opportunity to boost growth of Africa and increase economic opportunities. “The private sector remains a key player in achieving the objectives that governments have set themselves in relation to Agenda 2063. All African governments must mobilize private sector players through strong participation in order to improve the economy and trade of scale, to launch industrialization, to strengthen the competitiveness of intra and extra African trade and to create employment”, he indicated.
At IATF 2021, 53 billion USD of commercial contracts were signed, with the participation of 46 African States, which means, Africans can animate their common market if the actors manage to have access to information of commercial opportunities, and customs barriers removed on the continent such are the objectives of the Zlecaf.
“Africa represents only 3% in world trade and 84% of trade with the outside world and not with Africans themselves. But, the paradigm can be reversed if there are mechanisms to connect countries in order to animate the continental common market, among other things, facilitate free movement, optimize the ease of issuing visas, a single passport for travel on the continent “, hammered the chairman of the advisory board of the IATF 2023, His Excellency Chief Olusegun Obasanjo.
For its part, the Ivorian government presented the assets allowing it to validly organize this commercial mass in 2023. A space of 35 hectares to house the exhibition center is under construction, for 5200 places; the country has a trade penetration rate of 24% in West Africa, an evolving economy with 40% of the wealth of UEMOA and the third largest economy in ECOWAS, Côte d'Ivoire is the largest cocoa producer in the world, where more than 40% of all cocoa beans come from, future host country of CAN 2023...
"The IATF 2023 will be an opportunity to relaunch the vision of the Côte d'Ivoire social project in solidarity with President Alassane Ouattara's National Development Program with the objective of raising 91 billion USD, moving towards doubling the GDP by 2030", declared Patrick Jérôme ACHI, Prime Minister, Head of Government.
Officials from the IATF and the Ivorian authorities visited the construction site of the exhibition center to see firsthand the progress of the work. In January 2022, the official announcement of the opening of registrations was launched on the event platform ( to players in the world of trade, investors, governments, African entrepreneurs...
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