In a landmark move for African economic unity, Aliko Dangote, represented by Ahmed Mansur of Dangote Industries Limited, stressed the urgent need for enhanced economic integration in Africa. He made these remarks at the Intra-African Trade Fair (IATF) in Cairo. This event highlighted the collective goal of boosting economic growth and creating jobs through intra-continental collaboration.
Dangote Industries, a key player in African business with operations in 14 countries, has consistently supported the African Continental Free Trade Agreement (AfCFTA). This conglomerate has investments in various sectors, making it a vital advocate for a united African market. “Integrating African economies and boosting intra-continental trade is vital for our growth,” Mansur said, representing Dangote.
Moreover, this stance aligns with regional efforts to spur economic growth. The AfCFTA and IATF are pivotal in Africa’s economic development, with Dangote Industries playing a crucial role.
The African Export-Import Bank (Afreximbank), alongside the African Union and the AfCFTA Secretariat, organized the IATF 2023. The event showcased African business diversity and innovation. Notably, Dangote Business Units, including Dangote Cement PLC and Dangote Sugar PLC, demonstrated their products and services, reflecting Dangote’s influence in Africa.
According to a report by This Day Live, Mansur also highlighted Dangote’s role in promoting entrepreneurship and development across the continent. “As a leading African entrepreneur, Dangote has a major role in such events. We aim to display our business expertise and our dedication to Africa’s economic strength,” he explained.
The third IATF edition was a hub for over 1,600 exhibitors from 75 countries, drawing about 35,000 delegates and media. The event was a vital platform for networking, sharing ideas, and building partnerships. It underscored the potential benefits of a unified African market.
Dangote’s involvement in the IATF 2023 and support for the AfCFTA underscore the importance of regional economic collaboration for Africa’s advancement. As African countries navigate global economic challenges, a unified market strategy could be transformative. It promises sustainable development and a brighter future for the continent.
