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Kenya’s businesses poised for huge pan-African trade growth – empowered by AfCFTA and IATF2023

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IATF2023

IATF2023 forecast to attract over 1,600 exhibitors, over 35,000 conference delegates and trade visitors from across Africa and beyond, and to result in US$43 billion of trade and investment deals being concluded

NAIROBI, Kenya, August 31, 2023/APO Group/ — 

Kenya’s positioning as the gateway to the East Africa region, together with the empowering effects of the African Continental Free Trade Area (AfCFTA) and the Intra-African Trade Fair (IATF2023), puts Kenyan businesses in a prime position to benefit from the huge growth opportunities for intra-African trade and investments. At today’s high-level business ‘Road to IATF2023’ event in Nairobi, Kenya, leading up to the third Intra-African Trade Fair (IATF2023), the organisers met the business community and government representatives to raise awareness and encourage participation at the trade fair. Organised by the African Export-Import Bank (Afreximbank) (www.Afreximbank.com), in collaboration with the African Union (AU) and the African Continental Free Trade Area (AfCFTA) Secretariat, IATF2023 will be held from 9 to 15 November 2023 in Cairo, Egypt.

In his opening remarks, Afreximbank’s Mr. Denys Denya, Executive Vice President – Finance, Administration & Banking Services, extolled Kenya’s standing as the largest economy in East Africa, its vital leadership role in promoting intra-African trade and investments, and its positioning for production and service distribution. He also highlighted the unique and transformational opportunities that the AfCFTA and participation at the IATF2023 provides to Kenyan businesses and the East African region.

“The Roadshow seeks to provide the business community including SMEs, women, youth, with important information on the IATF’s relevance to Africa’s transformation. In that ambition we aim to empower the people of Kenya with information on trade and service as a rallying call for the full participation of the Kenyan business community during the IATF 2023.”

IATF2023 forecast to attract over 1,600 exhibitors, over 35,000 conference delegates and trade visitors from across Africa and beyond, and to result in US$43 billion of trade and investment deals being concluded.

Representing Hon. Moses Kuria, Cabinet Secretary, Ministry of Trade, Investments and Industry (MITI) of the Republic of Kenya, Mr. Alfred K’ Ombudo, Principal Secretary of the State Department for Trade (MITI), delivered the Keynote Address. He highlighted Afreximbank’s pivotal role as a strategic partner in advancing Kenya’s developmental goals and in addressing frontier issues that will enable intra-African trade to thrive. Mr. K’ Ombudo also spoke about how Kenya has intentionally positioned itself as a hub for foreign direct investment, serving as a source for quality goods and services. He further highlighted the nation’s proactive initiatives in the rollout of aggregation and industrial parks to promote a value chain approach. He emphasised that IATF2023 is an extremely important avenue for the African business community to establish continental networks and business contacts; and stressed the importance of all African countries being part of trade under the AfCFTA.

“If you want to trade internationally, it’s not just about bringing down tariffs, but it’s about dealing with borders. It’s about dealing with transport logistics. It’s about dealing with the shipping industry. It’s about making sure that your goods are able to arrive competitively. It’s about ensuring that you’re able to package your goods according to the requirements of the foreign market. It’s about making sure that you’re able to comply with the requirements in sanitary and phytosanitary measures and all of those issues. These are long standing long term industrial issues that we hope to work with you and with partners like Afreximbank to be able to deal with. Kenya is a key supporter of the AfCFTA.”

Giving an Afreximbank presentation, Dr. Gainmore Zanamwe, Ag. Director – Trade Facilitation and IATF, Afreximbank, spoke about how Afreximbank prides itself in being “a trade and project finance supermarket”. He highlighted the comprehensive range of trade facilitation and trade finance instrument that Afreximbank is implementing to support the AfCFTA.

If you want to trade internationally, it’s not just about bringing down tariffs, but it’s about dealing with borders

At Afreximbank “we no longer want to see our natural resources exported to faraway lands without adding value. So, what we’ve done is to throw in our financial muscle, and we are now focussing on promoting industrialisation and export development and intra-African trade and the implementation of the AfCFTA under our sixth strategic plan.”

In the vibrant and insightful panel session on the theme ‘Seizing the AfCFTA Advantage: Empowering Manufacturers, Exporters, Investors and relevant industry players’ the panellists discussed numerous topics about the benefits and opportunities created by the AfCFTA, and the impact of the trade fair, with particular focus on the context of the local Kenyan market and East African region. Among the numerous issues and insight voiced by the panellists were the need for improving trade enabling infrastructure; the momentum towards establishing pan-African standards in the automotive industry; the challenges around access to markets; the plan to build warehouses in Kenya to create an ecosystem enabling different manufacturers to transport their exports in one container. The panellists also acknowledged that the creative industry has various sectors and different  value chains. They also emphasised the importance of ‘buy Kenya, build Kenya’ for Kenyans to support the country’s economic growth and development; the need for Kenya to grow its exports beyond just the East African region to deliver growth, diversity and resilience; and the importance of Pan African Payment and Settlement System (PAPSS) in facilitating intra-African trade; as well as the need to build more industrial parks in Kenya to accelerate industrialisation, manufacturing and employment creation.

Delegates also enjoyed a vibrant question and answer session in which actionable insight was gleaned by the audience from the high-level panellists. Topics raised included tackling the inefficiencies and high costs of logistics; how the  youth in the fashion industry could raise the visibility of their products; the high cost of locally made products; how Kenya’s customs officers are facilitating exports; how the digital trade of creatives can be accelerated; the benefits of PAPSS in settling cross-border transactions; the high cost of electricity in Kenya adversely affecting the competitiveness of local manufacturing internationally; and the need for strong and enduring Kenyan brands.

In his Closing Remarks, H.E. Wael Attiya, Ambassador of the Arab Republic of Egypt to Kenya, praised the intriguing and inspiring interventions of the speakers at the Kenya roadshow and the evident enthusiasm for the AfCFTA in both Kenya and Egypt. He also commented on Kenya being viewed by many as the gateway to the East Africa region.

“What we need to do is to eliminate the borders, and in this context, the trade barriers between African countries, and then it will be Africa against the outside world.” The Ambassador extended his warm invitation to all the stakeholders to IATF2023 in Cairo, Egypt and assured the delegates that all the visa processes will be facilitated.

The IATF2023 roadshow in Nairobi empowered the Kenyan private sector with information about opportunities and benefits of participating in the IATF2023, and its role in supporting African integration and the success of the AfCFTA. IATF2023 is Africa’s premier trade and investment fair and is being held from 9 to 15 November in Cairo. As Africa’s largest trade and investment fair, the event is not to be missed for importers and exporters looking to take advantage of a single market of 1.4 billion people created by the AfCFTA with a combined Gross Domestic Product of over US$3.5 trillion.

The highly successful inaugural Intra-African Trade Fair held in Cairo, Egypt, in 2018 was followed by an even more successful IATF2021 hosted in Durban, South Africa. Collectively, the two editions of the Trade Fair brought together more than 2,500 exhibitors from 77 countries and generated over US$74 billion in trade and investment deals, demonstrating the immense potential that exists for intra-African trade. Building on this success, the third edition (IATF2023) being held in Cairo, Egypt, in November 2023, will again provide an opportunity for exhibitors to showcase their goods and services, engage in Business to Business (B2B) and Business to Government (B2G) exchanges, and conclude business deals which will ensure that the momentum toward greater intra-African trade is sustained.

To register and be part of IATF2023, interested exhibitors, buyers, trade visitors and delegates are invited to visit www.IntrAfricanTradeFair.com and sign up.  Follow our social media to get up-to-date information as well.

Distributed by APO Group on behalf of Afreximbank.

Business

Creative Africa Nexus (CANEX) WKND 2026 opens in Lagos, bringing together leading African and diaspora creatives, investors and policymakers

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The four-day gathering will convene leading voices from film, music, fashion, sport, publishing, gastronomy and business to advance trade, investment and commercial opportunities across Africa’s creative economy

LAGOS, Nigeria, November 5, 2026/APO Group/ –Creative Africa Nexus (CANEX) WKND 2026 has opened today in Lagos, bringing together leading creatives, investors, policymakers, business leaders and cultural figures from across Africa and the diaspora for four days of conversations, deal-making, performances, exhibitions and industry-focused sessions.

 




  

Hosted by the Federal Government of Nigeria and organised by African Export-Import Bank (Afreximbank) through its Creative Africa Nexus (CANEX) programme, this year’s event runs from 5 to 8 November under the theme “One People, United in Culture, Creating for the World.”

The 2026 programme spans film and television, music, fashion, sport, literature and publishing, gastronomy and visual arts, with a strong focus on finance, intellectual property, technology, skills, investment and market access.

Across the four-day programme, CANEX WKND will provide platforms for deal-making, industry dialogue and sector-specific engagement, including the CANEX Deal Room, with the aim of turning creative talent and ideas into stronger businesses, partnerships and commercial opportunities.

That ambition reflects the evolution of Afreximbank’s commitment to Africa’s creative and cultural industries in 2020, subsequently doubling this to US$1 billion before quadrupling the original commitment financing available to US$2 billion.

The expansion reflects Afreximbank’s wider objective of helping African creators and creative businesses build scalable enterprises, strengthen ownership of intellectual property and retain more of the economic value generated by African culture and creativity.

The opening ceremony is expected to feature addresses by Ministers of Culture and Creative Industries across 11 African countries, Dr George Elombi, President and Chairman of the Board of Directors of Afreximbank, H.E. Dr Olajumoke Omoniyi Oduwole, Nigeria’s Minister of Industry, Trade and Investment, H.E. Wamkele Mene, Secretary-General of the African Continental Free Trade Area Secretariat, and H.E. Babajide Sanwo-Olu, Governor of Lagos State among other dignitaries.

The programme will bring together some of Africa and the diaspora’s most influential cultural and industry figures. Participants include Nobel Laureate, writer and playwright Professor Wole Soyinka; Emmy Award-winning actor Uzo Aduba; filmmaker and actor Funke Akindele; actors Richard Mofe-Damijo and Thuso Mbedu; former professional footballers Didier Drogba and Jay-Jay Okocha; alongside leading figures from Africa’s music, film, fashion, sport and creative business sectors.

The event will also include performances and appearances from musicians and entertainers such as Davido, Fally Ipupa, Flavour, Libianca and Charlotte Dipanda, reflecting CANEX WKND’s combination of industry engagement with live cultural programming.

Beyond the headline names, the programme places a strong emphasis on the business of Africa’s creative economy.

On 6 November, a high-level conversation titled “One Market, One Culture: Building the Creative Economy of Global Africa” will examine the steps required to convert the growing global influence of African culture into stronger creative businesses, exports and investment. Speakers include Professor Wole Soyinka; ministers responsible for culture and the arts from Côte d’Ivoire, South Africa and Rwanda; International Finance Corporation representatives; and from Afreximbank.

Financing will also be central to the programme. The Creative Economy Finance Summit, presented by Afreximbank in partnership with the Creative Economy Practice at Co-Creation Hub, will bring financial institutions and investors together to examine how creative-economy transactions can be structured, financed and de-risked.

CANEX Creations Inc. will lead discussions on unlocking investment in African intellectual property, while the CANEX Deal Room and Creative Pitch Sessions will connect creative entrepreneurs directly with financiers and investors considering opportunities across film and television, music, fashion, sport, publishing, gastronomy, visual arts and creative infrastructure. Technology and the changing economics of creative production will feature prominently. Sessions will examine artificial intelligence, authorship and intellectual property; the use of technology to reshape creative businesses; and how African creators can use digital tools to develop globally competitive products.

The CANEX CreaThon, delivered with pan-African technology company Gebeya, will bring creators, developers and innovators together around projects in music, video and gaming, supported by African-built digital tools, mentorship, computing resources and a US$50,000 prize pool. Film and television programming will explore both storytelling and the commercial infrastructure required to take African content to wider audiences. Sessions include “Stories Without Borders: Africa, Hollywood & the Global Diaspora”, featuring former Afreximbank President Professor Benedict Oramah, and “Made in Africa, Watched in Africa”, which will examine research into film distribution, audiences and financing across Egypt, Kenya, Nigeria, Rwanda, Senegal and South Africa.

Sport will form another major strand of CANEX WKND 2026. Discussions will examine athlete development, management, commercialisation and the links between sport and the broader creative economy. Didier Drogba and Jay-Jay Okocha are scheduled to participate in “When Giants Speak: The Business of the Game,” while the weekend will conclude with a Legends Football Match at Onikan Stadium on 8 November. Fashion programming will include masterclasses on building profitable African brands, textile value chains, market access and intellectual property, alongside the CANEX Fashion Show and Awards Night.

In gastronomy, the CANEX Junior Chefs Competition, Africa Jollof Wars Competition and a series of live demonstrations and conversations will explore how African food, ingredients and culinary traditions can become stronger commercial propositions across domestic, continental and global markets. Publishing and literature will feature through the CANEX Book Factory, Book Fair, writers’ workshops, manuscript pitching and the CANEX Prize for Publishing, while visual arts programming will combine exhibitions, collector engagement and practical sessions for artists navigating Africa’s growing art ecosystem.

On 7 November, CANEX WKND 2026 will host a major concert bringing together artists from across Africa and the diaspora, before the programme continues into its final day on 8 November with cultural excursions, gastronomy activities, the CANEX Music Factory Songwriting Camp and the Legends Football Game.

Distributed by APO Group on behalf of Afreximbank.

 




 

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Coca-Cola system invests USD 1.22 million to strengthen water security in Namibia

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Coca-Cola

The initiative represents a nearly USD 25 million investment focused on helping address critical water-related challenges across 20 African countries by 2030

WINDHOEK, Namibia, November 5, 2026/APO Group/ –As Namibia continues to face recurring droughts and growing water demand, the country’s water resources are under increasing pressure. Windhoek is situated in one of the most water-stressed regions in sub-Saharan Africa, where low and unpredictable rainfall, combined with high evaporation rates, continues to challenge water availability and long-term water security.[1]

 




  

To help address these shared water challenges, the Coca-Cola system is investing USD 1.22 million in the //Gam-i Swakop Basin Resilience Project, designed to help strengthen water security and support ecosystem restoration in the Swakop River Basin, a vital water source for the city of Windhoek and surrounding communities.

The //Gam-i Swakop Basin Resilience Project aims to support improved water availability and help strengthen the resilience of the Swakop River Basin through nature-based solutions that support sustainable water resource management across the catchment area.

Implemented in collaboration with the Global Water Challenge (GWC) and World Wildlife Fund (WWF) Namibia, the project includes the construction of two sand storage dams, restoration of 235 hectares of land through the clearing of invasive alien plants, and the planting of 750 trees in river buffer zones and environmentally degraded areas within Windhoek’s informal settlements. In addition, two boreholes will be drilled to support groundwater recharge in the Windhoek aquifer, and a water resilience action plan has been developed.

Through the Africa Water Stewardship Initiative, the system aims to help protect important watersheds and to improve access to water and sanitation in local communities

This work forms part of the Coca-Cola system’s Africa Water Stewardship Initiative, launched in 2024. The initiative represents a nearly USD 25 million investment focused on helping address critical water-related challenges across 20 African countries by 2030.

“Because water challenges are local, our approach to water security is focused on local action and collaboration,” said Alfred Olajide, Vice President of East and Central Africa Operations at Coca‑Cola. “The Coca‑Cola system remains focused on helping to promote water stewardship, increasing water use efficiency, and treating and returning safe water to communities.”

Henry Friedrich, General Manager of Coca-Cola Namibia Bottling Company (CCNBC) added: “As part of the Coca-Cola Beverages Africa group, we have a responsibility to assist those who face water scarcity and to help protect local water resources where we operate, especially in places with the biggest challenges. Through the Africa Water Stewardship Initiative, the system aims to help protect important watersheds and to improve access to water and sanitation in local communities.”

WWF Namibia Country Director, Dr Juliane Zeidler, said: “Water is one of Namibia’s most precious and increasingly vulnerable resources. This project is an opportunity to demonstrate how investing in healthy ecosystems can deliver tangible benefits for people, while also helping communities become more resilient to future climate pressures. We hope the lessons and partnerships developed through this initiative can inform similar approaches elsewhere in the country.”

“Collaboration is essential to addressing shared water challenges effectively. Coca-Cola and its authorised bottlers continue to work with governments, businesses, and civil society organisations to design and implement strategic interventions,” concluded Olajide.


Distributed by APO Group on behalf of Coca-Cola Beverages Africa.

 

 




 

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‘Power, Protect, Purchase’: Africa Made It unveils blueprint to capture USD 34B in GDP and accelerate African industrial sovereignty

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Africa

Africa Practice research shows that Africa exports up to 98% of its raw cotton overseas and captures only 2% of its total value while incurring a USD 35 billion annual trade deficit

African culture, design, and storytelling influence global fashion, music, and media like never before

LAGOS, Nigeria, November 5, 2026/APO Group/ –Africa Made It (https://AfricaMadeIt.co/), the continental movement driving Africa’s industrial sovereignty, today officially launched its campaign, “Power, Protect and Purchase,” at the CANEX weekend in Lagos, Nigeria. Aimed at unlocking USD 34 billion in annual GDP contribution through a structural transition from unprocessed raw cotton exports to end-to-end local garment processing, the initiative seeks to turn Africa’s vast natural wealth into sovereign, self-sustaining economic power.

 




  

Africa Made It is driven by a consortium of leading pan-African organisations, advocacy groups, and media organisations who are positioning Africa as a global investment hub. Its flagship campaign, spotlighting the fibre-to-fashion value chain, presents a clear roadmap for continental industrialisation: securing competitive energy power for local industrial mills, enacting policy measures to protect emerging domestic manufacturers from unfair foreign imports, and rallying African consumers to purchase locally manufactured apparel. Together, these three pillars ensure that value created from African resources remains on African soil.

 

Africa Practice research shows that Africa exports up to 98% of its raw cotton overseas and captures only 2% of its total value while incurring a USD 35 billion annual trade deficit.  Building the continent’s domestic processing capacity in spinning, weaving, and sewing locally produced cotton will sustain nearly two million permanent industrial jobs and inject approximately USD 33 billion directly into domestic household incomes every year, in addition to a recurring contribution of USD 34 billion to the continent’s GDP.

 

While these figures reveal the immense macro-economic potential of the value chain, the true heart of this transformation lies in its human impact. Industrial wages and local lint purchases leading to increased capital circulation in rural communities can drive community micro-economic vitality and contribute to rural poverty reduction. Additionally, formal employment opportunities can expand drastically for women, as they currently make up between 70-90% of garment factory workers on the continent.

 

Realising this vision and changing the lives of millions of people requires a deliberate combination of targeted investments, supportive trade policies, and consumer mobilisation. A USD 1.8 billion capital allocation toward critical structural enablers for garment transformation is the foundation for bridging Africa’s missing middle in the fibre-to-fashion value chain.

 

Marie Wilke, editor-in-chief of the Africa Made It magazine, said, “African culture, design, and storytelling influence global fashion, music, and media like never before. Yet, without domestic manufacturing infrastructure, Africa’s creative authority yields very little economic return. Linking raw cotton harvest directly to local processing ensures that the intellectual property, commercial margins, and industrial jobs remain on the continent. It is time to wear our power.”

 

To learn more about the potential of Africa’s fibre to fashion value chain, watch the campaign video (https://apo-opa.co/4BKAIvY) or read the Africa Made it (https://apo-opa.co/4zvA5VF)magazine (https://apo-opa.co/4zvA5VF). Access the campaign website and resources in English (https://apo-opa.co/4zvA5VF) and French (https://apo-opa.co/4zrK8e2).

Distributed by APO Group on behalf of Africa Made It.

 

 




 

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