The African Export-Import Bank (Afreximbank), has organised a road-show in Kigali to show the Rwandan private sector how it can become a primary beneficiary of the African Continental Free Trade Area (AfCFTA).
This was disclosed in a statement issued on Thursday in Abuja by Mr Obi Emekekwue, an official of Afreximbank.
Emekekwue said that the African Continental Free Trade Area would provide significant opportunities to access the largely untapped markets and sectors in an integrated African market of over 1.3 billion people.
He said that the programme would be organised in collaboration with Rwanda’s Private Sector Federation (PSF).
According to him, the roadshow, which will start on February 11, seeks to raise the awareness of the Rwandan private sector about the substantial benefits of attending the second Intra-African Trade Fair (IATF2020).
“Rwandan businesses can take advantage of the AfCFTA by establishing new networks of business buyers and sellers from across the African continent, enabling the country to significantly expand its intra-African trade.
Emekekwue also quoted Prof. Benedict Oramah, President of Afreximbank, as saying that “Rwanda’s economic transformation is undoubtedly one of Africa’s success stories”.
“Rwandan businesses can further capitalise on this achievement by positioning themselves to take full advantage of the AfCFTA.
“Its removal of intra-African trade tariffs, progressive dismantling of non-tariff barriers and protectionism, will create a genuine single continental market.
“By attending IATF2020, they will gain a rare opportunity to showcase their goods and services to buyers from across the African continent, and establish new trade and investment links with a wide network of private and public sector players from more than 55 different countries.
“IATF2020 is expected to be Africa’s main trade event of 2020 and is aimed at providing a marketplace for buyers and sellers of products and services from Africa and beyond to meet and explore business opportunities.”
Oramah said that the event would offer a platform for Business-to-Business and Business-to-Government exchanges, as well as business networking and development opportunities leading to the expected conclusion of trade and investment deals worth 40 billion dollars.