{"id":38739,"date":"2019-01-06T20:30:00","date_gmt":"2019-01-06T20:30:00","guid":{"rendered":"https:\/\/new.igihe.com\/inaugural-iatf-records-30-billion-dollar-business\/"},"modified":"2019-01-08T12:08:29","modified_gmt":"2019-01-08T12:08:29","slug":"inaugural-iatf-records-30-billion-dollar-business","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/inaugural-iatf-records-30-billion-dollar-business\/","title":{"rendered":"Inaugural IATF records $30-billion-dollar business deals sealed"},"content":{"rendered":"<p>The Intra-African Trade Fair is the first of its kind in Africa, consisting of a 7-day trade fair that provides a platform for sharing trade, investment and market information and enabling buyers and sellers, investors and countries to meet, discuss and conclude business deals. <\/p>\n<p>From the 11th-17th December, it attracted investors, traders and many others in Cairo, Egypt. It was further agreed that Rwanda would host its second session in 2020.<\/p>\n<p>Closing the IATF, the Afreximbank President, Prof Benedict Okey Oramah applauded the result of the first launch, as it attracted over 50,000 prominent dealmakers, businesses, industries, investors, countries and suppliers and where up to $30-billion-dollar business deals, contracts and investment transactions were sealed.<br \/>\nHe said that more than 100 business deals, contracts and investment transactions were sealed.<\/p>\n<p>Oramah said that the deals represent an important footstep in the cooperation of Africa.<\/p>\n<p>The Afrexim bank says that the majority of the deals were in sectors of industrialization\/export manufacturing ($6.2 billion); power ($6 billion); and financial services ($1.86 billion). Other key sectors included oil and gas; transport and logistics; heavy industry; mining; infrastructure; healthcare; and SME promotion.<\/p>\n<p>The Rwandan Ambassador in Egypt, Sheikh Saleh Habimana said that Rwanda which will host the next edition of the IATF, was tasked to surpass the Egyptian edition. <\/p>\n<p>\u201cWe have been tasked to host it with pomp and radiance, and possibly to outshine this first Edition,\u201d Saleh Habimana said<\/p>\n<p>The IATF2018 was aimed at promoting trade among African countries and at supporting the implementation of the African Continental Free Trade Agreement.<\/p>\n<figure class=\"spip-document spip-document-27963 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/5-1290jpg-4c4cea-8741a.jpg\" alt=\"The IATF2018, which ran from 11 to 17 December, was aimed at promoting trade among African countries and at supporting the implementation of the African Continental Free Trade Agreement\" \/><\/figure>\n<figure class=\"spip-document spip-document-27964 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/7-983jpg-29e29ea-03672.jpg\" alt=\"\" \/><\/figure>\n<figure class=\"spip-document spip-document-27965 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/4-1510jpg-7373ee-59fde.jpg\" alt=\"President Kagame greeting Ambassador Sheikh Saleh Habimana while in Egypt\" \/><\/figure>\n<figure class=\"spip-document spip-document-27967 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/2-2182-4acfd.jpg\" alt=\"President Kagame held discussions with the President of the Afreximbank, Prof. Benedict Okey Oramah. He was with the Minister of Trade and Industry; Soraya Hakuziyaremye and the Ambassador of Rwanda in Egypt; Sheikh Saleh Habimana\" \/><\/figure>\n<figure class=\"spip-document spip-document-27966 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/3-1842jpg-4444d4-f63bf.jpg\" alt=\"From Left; Ambassador Sheikh Saleh Habimana; the Chief Operating Officer at Rwanda Development Board (RDB), Emmanuel Hategeka; Minister of Trade and Industry, Soraya Hakuziyaremye (Middle from right) and the Chief Executive Officer (CEO) of the Private Sector Federation (PSF), Stephen Ruzibizi with two Rwandan assistants at the trade Fair\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The Intra-African Trade Fair is the first of its kind in Africa, consisting of a 7-day trade fair that provides a platform for sharing trade, investment and market information and enabling buyers and sellers, investors and countries to meet, discuss and conclude business deals. From the 11th-17th December, it attracted investors, traders and many others [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[75],"byline":[170],"hashtag":[],"class_list":["post-38739","post","type-post","status-publish","format-standard","hentry","category-news","tag-homenews","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/38739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=38739"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/38739\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=38739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=38739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=38739"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=38739"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=38739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}