Chief Olusegun Obasanjo, former President of Nigeria and Chairman of the Intra-African Trade Fair (IATF2023) Advisory Council, has emphasized the significance of cooperation and collaboration to unlock the untapped potential of the African continent. Speaking at the IATF2023 held in Cairo, Egypt, Obasanjo highlighted the role of intra-African trade in fostering industrialization and job creation.
Beyond being a platform for the exhibition of goods and services, Obasanjo characterized the IATF2023 as a nexus for networking, collaboration, and knowledge sharing. He stressed that this spirit of cooperation and collaboration is essential to harnessing the untapped potential of the African continent. The trade fair serves as a commitment to economic integration and a determination to create a prosperous future for Africa and its Diaspora nations.
Obasanjo urged African leaders, policymakers, and representatives to create an environment conducive to trade by eliminating unnecessary bureaucracy, harmonizing regulations, and investing in essential infrastructure. He sees the IATF2023 as a stepping stone toward a future where African nations trade freely, breaking down barriers and opening doors of opportunity.
The former president called on entrepreneurs and innovators to seize the moment and build bridges of commerce between nations and communities. He encouraged them to embrace the entrepreneurial spirit, leverage technology to unlock new markets, and empower women-owned businesses.
IATF2023, Africa’s largest trade and investment fair, is expected to attract over 1,600 exhibitors and 35,000 visitors and buyers. Organized by the African Export-Import Bank (Afreximbank) in collaboration with the African Union and AfCFTA Secretariat, the event’s theme is “Connecting African Markets,” and it is scheduled to run from November 9 to November 15. The IATF is an instrumental initiative in driving economic integration and showcasing the diverse potential of the African continent.
During the event, Mrs. Kanayo Awani, the Executive Vice-President of Intra-African Trade Bank, Afreximbank, emphasized the need for a multi-faceted approach to address challenges affecting Africa’s creative and cultural industries. She highlighted areas such as improving access to finance, strengthening intellectual property rights, investing in infrastructure and technology, and promoting trade and investment. The IATF2023 aims to facilitate economic growth, create employment opportunities, preserve cultural heritage, and shape a vibrant and diverse creative landscape in Africa.