Africa-Press – Eswatini. Eswatini has received an invitation to participate in the Intra-Africa Trade Fair, which is set to take place in Algeria from September 4 to September 10, 2025.
This invitation was extended to the Eswatini Government by Dr. Gainmore Zanamwe, the Acting Director of the Intra African Trade Bank at the Africa Export-Import Bank (Afreximbank). The announcement was made during the launch of the Business One Stop Shop (BOSS) by Prime Minister Russell Mmiso Dlamini in Mbabane.
Purpose of the Intra-Africa Trade Fair
The Intra-Africa Trade Fair is designed to connect African countries with investors willing to fund specific projects initiated by these nations. Dr. Zanamwe stated that countries are encouraged to identify their projects and submit them to Afreximbank. Once these projects are received, the bank will seek out investors interested in supporting them. The fair aims to ensure that projects are implemented across the African continent, moving from discussions to actionable investments.
Importance of Infrastructure Investment
Dr. Zanamwe emphasized the urgent need for African countries to invest heavily in infrastructure to enhance production within the continent. He pointed out that for investments in infrastructure to be successful, it is crucial to attract both foreign direct investors and African direct investors. Establishing one-stop shops is essential to facilitate this process, making it easier for investors to engage with African countries. He commended Eswatini for developing the BOSS, which aims to provide a positive experience for investors working in the country.
About Afreximbank
The African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution dedicated to financing and promoting intra- and extra-African trade. For over 30 years, the bank has been deploying innovative financing solutions to support the transformation of Africa’s trade structure, accelerate industrialization, and boost intra-regional trade, thereby fostering economic expansion across the continent.
Afreximbank is a strong supporter of the African Continental Free Trade Agreement (AfCFTA) and has launched the Pan-African Payment and Settlement System (PAPSS), which has been adopted by the African Union as the payment platform for the AfCFTA. The bank is also establishing a $10 billion Adjustment Fund to assist countries in effectively participating in the AfCFTA. As of the end of 2022, Afreximbank’s total assets and guarantees exceeded $31 billion, with shareholder funds amounting to $5.2 billion. The bank disbursed more than $86 billion between 2016 and 2022 and holds investment-grade ratings from various credit rating agencies.
For More News And Analysis About Eswatini Follow Africa-Press
