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Egypt To Host The First Intra-African Trade Fair In December 2018

Coming December 2018, the first Intra-African Trade Fair (IATF) will take place in Cario, Egypt.

 This was revealed during the announcement from officials after the hosting agreement between African Export-Import Bank (Afreximbank), the African Union (AU), and the Egyptian Government was signed yesterday.

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Egypt had emerged as the host of the 2018 edition of the IATF2018.

Present during the signing process was Benedict Oramah, Afreximbank's president, AU Commissioner for Trade, Albert Muchanga and Chief Executive Officer of the Export Development Authority of Egypt, Sherine El Shorbagy. Each signed designated spaces representing the organizations involved in the hosting agreement. The signing process was done in Kigali, Rwanda.

The trade fair will start on December 11 and end on the 17th of December.
 This seven day event will promote the sharing of investment ideas, marketing strategies, information, innovation and opportunities that will open the way for business investors, companies, governments and individuals to connect, and enhance the growth their business.

Speaking regarding the upcoming event, Afreximbank's president Oramah stated that the IATF2018 was being sponsored by Afreximbank and would bring together thousands of exhibitors, tens of thousands of visitors not just from Africa, but from all over the world. This would amount to more than $70 billion expected to be realised from deals.

AU's Commissioner for Trade, Muchanga and former Nigerian President, Olusegun Obasanjo, commended Afreximbank, for doing its best to promote intra-African trade. Muchanga also added that other countries have shown interest in the trade fair.

Chief Executive Officer of the Export Development Authority of Egypt, Sherine El Shorbagy, also added that Egypt will do it's best to ensure that the IATF2018 runs smoothly, and invited all African countries and organizations to support this arrangement.