African Export-Import Bank (Afreximbank) and the Southern African Development Community (SADC) Business Council have launched the SADC Africa Trade and Investment Marketplace. This marketplace aims to increase the volume of trade and investment between the region and the rest of Africa under the AfCFTA.
According to an Afreximbank August 2022 press release, the African Export-Import Bank (Afreximbank) and the Southern African Development Community (SADC) Business Council have launched the SADC Africa Trade and Investment Marketplace. The launch will help promote trade in the SADC region, deepen economic cooperation among the region’s countries, promote sustainable development, unleash SADC’s potential and business opportunities.
Increase the volume of trade and investment
“We are delighted at the launch of the SADC – Africa Trade and Investment Marketplace which will play a pivotal role in promoting the SADC industrialisation agenda and facilitating business to business exchanges aimed at increasing the volume of trade and investment between SADC and the rest of Africa under the AfCFTA,” said Mrs. Kanayo Awani, Afreximbank Executive Vice President, Intra-African Trade Bank.
Private sector exploration
One of the objectives of this new initiative is to place the SADC private sector at the centre of the region’s economy.
“Greater regional integration of the private sector is paramount to boost intra-African trade, strengthen the complementarities of production and exports and create employment. I encourage the private sector to explore this marketplace fully, to actively engage in productive dialogue, to share their experiences, to collaborate and develop innovative ways to advance SADC’s economic relationship with Africa for the benefit of all our citizens,” said Mr. Peter Varndell, Executive Secretary at the SADC Business Council.
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