The Ambassador of Egypt to Nigeria, Elseify Hanaffi has disclosed that the Intra-African Trade Fair (IATF) 2018 will address trade deficit in Africa.
This is even as the envoy said the trade fair will serve as a platform that will connect buyers and sellers from across the continent and diaspora to meet to explore business opportunities and investment.
Ambassador Hanaffi who disclosed this during an exclusive interview during a meeting with All African Heads of Mission as well as the representatives from the Afrexim Bank said via the platform opportunities abound for investment, share trade and provide market information with stakeholders including investors, SMEs and the informal sector.
The envoy said the trade fair will also ‘’provide a very good platform for business and investment communities and stakeholders of trade and partners within Africa and international partners to gather to exchange views and expertise and even have probably a $25 billion target of business opportunities.’’
He said that the trade fair slated for 11th to 17th December is the first of its kind and that is why a lot of importance is attached to it.
‘’The Inter African Trade Fair in Egypt will provide networking for all data that we need. There is something that is beyond the business communities and traders which is the infrastructure. We have to get more attention and financing to the infrastructure connecting African ports together, improving the railway links and road transportation within the states and beyond them to make the real time transaction and real time trade volume and cargo safely and expeditiously delivered and it’s going to take a lot of investment but it’s going to be worth addressing because this will hugely impact the inter African trade,’’ he said.
The envoy stressed that Egypt has one of the most attractive investment climate and investment environments.
‘’We have a very progressive investment regulation. I call on Nigerians seeking to invest in Egypt to ask fellow Nigerians who have invested in Egypt before and seek their opinions, I am sure that they will very much favour us and I’m also sure that my fellow Egyptian business people and investors will see a great opportunity in the Nigeria big market,’’ he added.