Sponsored
News

Nigeria To Host the Intra-African Trade Fair In 2027

Sponsored
Sponsored

After a rigorous bid and due diligence exercise, Nigeria has emerged as the successful host country of the fifth edition of the Intra-African Trade Fair (IATF), Africa’s premier trade and investment event that is set to be held in 2027. 

This was announced by the Chairman of the IATF Advisory Council who is also a former President of the Federal Republic of Nigeria, H.E. Chief Olusegun Obasanjo during the official opening ceremony of the fourth edition of the fair, IATF2025 that is currently underway in Algiers, Algeria.

Presenting the IATF host’s flag to Nigeria’s Minister of Industry, Trade and Investment, Dr Jumoke Aduwole as formal acceptance of the mandate as host country of IATF2027, H.E. Obasanjo said: “IATF is not just a trade fair—it is a journey across our continent and global Africa, carried forward by nations that share in the vision of Intra-African trade and regional integration. Since its inception, IATF has rotated across our continent, leaving its unique legacy and improving with each host nation. Today, we continue this proud tradition by announcing Nigeria as the country that will host IATF2027.”

The weeklong IATF is held every two years and is co-convened by African Export-Import Bank (Afreximbank), the African Union Commission and the African Continental Free Trade Area (AfCFTA) Secretariat. It is a platform for businesses to showcase their goods and services to visitors and buyers while exploring opportunities and exchanging information. IATF aims to tap into opportunities from AfCFTA’s single market of over 1.4 billion people and GDP of over US$3.5 trillion.

Nigeria becomes the fourth country to host IATF. Egypt hosted the maiden edition in Cairo in 2018, while the second edition was hosted by South Africa in Durban in 2021. The third edition returned to Cairo in 2023 before the fourth edition which is currently underway in Algiers. The last three editions of IATF have cumulatively generated over $118 billion in trade and investment deals and attracted more than 70,000 visitors and 4,500 exhibitors.

Reflecting on IATF’s journey, Prof. Benedict Oramah, outgoing President and Chairman of the Board of Directors of Afreximbank said “The journey we began in 2017, when we started planning for the inaugural Trade Fair, which was held in November 2018, was a strategic move drawn from Afreximbank’s Intra-African Trade Strategy, launched in 2016. The herculean task of converting vision to reality, mobilising African states, thousands of exhibitors, buyers, and sponsors, among others for an event of such a magnitude was only made possible by the strong support Afreximbank received from many.”

The official opening ceremony of IATF2025 was presided over by the President of the People’s Democratic Republic of Algeria, H.E. Abdelmadjid Tebboune. It was attended by thousands of delegates including heads of state and government from African and the Caribbean, as well as business leaders and captains of industry.

Sponsored
Alinnor Arinze

Recent Posts

Chain Reactions Africa Wins Global SABRE Award For Nigeria’s Economic Reforms Campaign

Chain Reactions Africa, one of Nigeria's leading Public Relations Consulting giants, has earned another major…

4 hours ago

Comrade Dauda Intensifies Revenue Drive With Enforcement In Computer Village

ADEOLA OGUNLADE  The Executive Chairman of Ikeja Local Government, Comrade Akeem Olalekan Dauda (AKOD), has…

4 hours ago

Goal Poacher Noah Abolaji Salaudeen Scores Twice In 6–1 Lithuania Cup Rout

Nigeria-born goal poacher, Noah Abolaji Salaudeen, continued his sensational form on Wednesday night, 9th September,…

5 hours ago

Lagos Declares ‘Small State Of Emergency’ On Waste Management

Governor Babajide Sanwo-Olu has declared a “small state of emergency” on waste management in Lagos…

7 hours ago

Four Plaintiffs Withdraw Cases Challenging Yayi’s 2027 Ogun Governorship Bid

Four legal actions instituted against the 2027 governorship ambition of the All Progressives Congress (APC)…

8 hours ago

Dauda Lawal’s Infrastructure Agenda for Zamfara State

BY KAREN IBRAHIM When Governor Dauda Lawal spoke about infrastructure at the flag-off of one…

9 hours ago
Sponsored