Rwanda to host second Intra-African Trade Fair in 2020

Source: Xinhua| 2019-05-15 20:31:27|Editor: xuxin
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KIGALI, May 15 (Xinhua) -- The Rwandan government has signed 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 next year.

The agreement was signed Tuesday in the Rwandan capital city Kigali on the sidelines of the four-day Transform Africa Summit, Afreximbank said in a statement received here on Wednesday.

The trade fair is scheduled to take place in Kigali on Sept. 1-7, 2020, organized by Afreximbank in collaboration with the African Union, according to the statement.

The second Intra-African Trade Fair will target the execution of Intra-African trade deals worth more than 40 billion U.S. dollars, said Benedict Oramah, Afreximbank's president, at the signing ceremony.

The organizers target to attract more than 1,000 exhibitors and host over 10,000 buyers and conference participants from over 50 countries, said Oramah.

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 Egyptian capital Cairo in 2018.