Former Bank of Zambia Governor, Dr Caleb Fundanga has been appointed as Intra Africa Trade Fair Ambassador for Zambia and will spearhead the private sector participation in this years fair. This was confirmed by Trade Minister Christopher Yaluma at a press briefing.
“I wish to take this opportunity to encourage the Private Sector to participate at the Intra-African Trade Fair by partnering with Government and the Zambia’s Intra-African Trade Fair Ambassador, Dr. Caleb Fundanga with his team in order to guarantee the country’s successful exhibition,” Yaluma said.
And the Former Bank of Zambia – BOZ Governor Caleb Fundanga said the Intra-Africa Trade Fair will provide an opportunity for African countries to showcase their products to their fellow Africans on what they can produce and the potential that Africa has.
“Most African countries have a tendency of importing products from Europe, Asia and America’s when the some products are being produced right here in Africa. What this does is extanalise forex and that it creates employment for European countries while our own people are living without being employed. The trade fair will allow us understand the works of our fellow African countries as well as our own country Zambia,” he said.
And Minister of Trade Christopher Yaluma said that Zambia is among over 50 countries out of 54 African countries expected to participate in this year’s Intra-African Trade Fair (IATF) to be hosted by Egypt in the city of Cairo from the 11th to 17th December, 2018.
The trade fair being promoted by African Export-Import Bank (Afreximbank) in collaboration with the African Union will be held under the theme “Transforming Africa”.
The trade minister said the Intra-African Trade Fair is the first of its kind in Africa and will provide a unique platform for sharing Trade, Investment and Market Information including enabling buyers and sellers, Investors and African countries to network, discuss and seal intra-Africa business deals.
“The importance of the Intra-African Trade Fair can never be over-emphasized because as a country, we recognize the potential it possesses and its success will leave an indelible foot print,” he said.
Yaluma also said the analysis done by the African Export-Import Bank revealed that one of the main reasons Intra-African Trade is low at around 15% compared to Europe (59%), Asia (51%) and North America (37%) is due to lack of access to Trade and Market Information.