AFREXIM Bank Reports Record Algeria Intra-Trade

The results of the African Export and Import Bank ("AFREXIMBANK") report revealed that the fourth edition of the African Continental Free Trade Area (AfCFTA) Expo in Algeria, held in September of last year, achieved record-breaking results in terms of deal value, reaching approximately $50 billion. This success strengthened the expo's position as a key hub for trade and investment on the continent. This edition contributed to an increase in the number of participants and agreements, as well as expanded access to markets. Over 360,000 small and medium-sized enterprises benefited, and more than half a million direct jobs were created across Africa. Looking ahead, the next edition in Lagos in 2027 is expected to attract over 100,000 visitors and 2,500 exhibitors, with the goal of further establishing Africa as a global trade center.

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