A delegation from the Central African States Development Bank (BDEAC) , which is in Malabo at the moment to meet Equatoguinean companies in order to inform them regarding participation in the first Intra-Africa Fair which is to take place in December in Cairo (Egypt), held a meeting on the morning of 25th October with economic operators at the headquarters of the Chamber of Trade.
The Vice-Minister for Trade and the Promotion of Small and Medium-sized Companies, Domingo Mba Esono, representing the Minister, Pastor Micha Ondo Bilem, oversaw the BDEAC awareness-raising meeting with economic operators active in Equatorial Guinea.
The meeting began with words of welcome from the vice-president of the Bioko Chamber of Trade, Antonio Mete Chicampo, who in the name of the president of the institution, Gregorio Boho Camo, welcomed the entrepreneurs, the BDEAC delegation and BDEAC president, Fortunato Ofa Mbo Nchama, Ambassador for Central Africa for the Intra-Africa Trade Fair (IATF).
His intention was to raise awareness among economic operators in the Republic of Equatorial Guinea, so that they attend the fair, which will bring together over 1000 exhibitors and 70,000 visitors, buyers, suppliers and investors, and will for 7 days provide a platform for sharing information on trade, investment and the market, in order to allow an exchange of opinions on opportunities and issues, and to discuss or enter into trade agreements.
Elvira Besupa, representative of the president of BDEAC, recalled that on 28th March 2018, 44 African countries signed an agreement in Kigali (Rwanda) to create a Continental Africa Free Trade Zone, It is worth recalling that the Continental Africa Free trade Zone will cover a market of some 1.2 thousand million people, representing a gross domestic product of 2.5 thousand million dollars. This represents 1.5 thousand million Franco CFA between the group of 55 member States within the African Union. The zone also represents a dynamic market with a forecast of 2.5 thousand million people for 2050, representing 26% of the global working age population. In order to meet this challenge, Afreximbank and the African Union decided to organise an Intra-Africa International trade Fair in order to provide information regarding businesses and markets, and to bring together buyers and suppliers on the African continent”.
The Vice-Minister for Trade, representing Pastor Micha Ondo, welcomed the initiative of the fair and the creation of an African common market, affirming that, It is important that our country is present on all platforms that promote the development of the economy; our Government will take this opportunity to promote and sell trade opportunities in Equatorial Guinea; I would like to assure them that the message will get to economic operators in our country in order to ensure their participation at this fair, and we are very hopeful that will be more successful through the participation of the Republic of Equatorial Guinea”.
Source: Equatorial Guinea Press and Information Office