After the conclusion of the Intra-African Trade Fair’s (IATF) third day in Cairo, 21 transactions were recorded, with a total value of about $22.827bn, according to a press statement issued on Sunday. Moreover, Afreximbank signed several memorandums of understanding (MoUs) with the Nigerian federal ministry of industry, trade, and investment to jointly develop the industrial park and the special economic zones in Nigeria for $1.235bn. Afreximbank also agreed on the Nigeria-Africa Trade and Investment Promotion Programme worth $1bn, and the CDC’s $100m Master Risk Participation Facility, as well as the Trade Confirmation Guarantee Programmes with Access Bank UK, worth $333m. The IATF, organised by Afreximbank in collaboration with the AU and hosted by the Egyptian government, with the Export Development Authority as one of the partners, took place from 11 to 17 December. The 2018 IATF Conference is taking place in parallel to the trade fair.

Source: Daily News Egypt December 17, 2018 19:41 UTC