Fair will expand trade between SA and the rest of Africa

Intra-Africa trade has received a boost following a $1 billion injection to finance programmes that will expand trade and investment between South Africa and the rest of Africa.

African Export-Import Bank (Afreximbank) and the Export Credit Insurance Corporation (ECIC) of SA – a company that provides political and commercial risk insurance to South African exporters – signed the deal in Johannesburg last month, announcing the first Intra-African Trade Fair (IATF), which will be held in Cairo from December 11 to 17.

The trade deal came about after 44 of Africa’s 54 countries signed the landmark Continental Free Trade Area (CFTA) in Nairobi, Kenya, in March to increase trade among African countries, which is relatively low compared with other regions.

Intra-African trade stands at 18% while…

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