April 3, 2019 IBOMLLC Team

Africa Trade Week: Africa is open for business

Innov8tiv
Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

With impressive economic growth figures, Africa is becoming an attractive destination for trade and export.

Africa is open for business and the continent is looking increasingly attractive as a trade and export destination, with average annual growth for Sub Saharan Africa forecast at 8% until 2023, which is a positive outlook following the downturn between 2015 and 2017.

This is according to Liz Whitehouse, MD of Africa House and Africa research partner to dmg events.

Africa Trade Week will be held from 23 to 25 June 2019 at the Gallagher Convention Centre, in Midrand, and includes the co-location of the South African International Trade Exhibition (SAITEX), The Hotel Show Africa, and Africa’s Big 7.

Whitehouse pointed out that East Africa is primarily the driving force of growth on the continent, with the regional economy showing no contraction, as opposed to other regions.

This is largely because East Africa is not an extractives-dependent region, with mining and oil and gas only now starting to become of some importance. With South Africa and Nigeria excluded from regional data, East Africa emerged as the largest regional economy by 2018, she noted.

On the other …read more

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