Access Bank’s inaugural Africa Trade Conference in Cape Town to focus on empowering African economies through trade, innovation, and sustainable growth.
Access Bank’s Commitment to Africa’s Economic Transformation
Access Bank is set to host its first Africa Trade Conference (ATC) on March 12 in Cape Town, South Africa. Themed “Empowering Africa Through Trade, Innovation, and Sustainable Growth,” the event aims to unite influential figures in trade, finance, and policy to discuss the future of commerce across the continent.
Addressing Africa’s Trade Finance Gap
Africa faces a significant trade finance gap, estimated at $81 billion annually, which poses challenges, especially for small and medium-sized enterprises (SMEs) and domestic firms. The ATC seeks to tackle these systemic issues by fostering collaboration among key stakeholders. Discussions will focus on innovative solutions, sustainable trade practices, and strategies to integrate African economies into global value chains.
Leadership Perspectives on the Conference
Roosevelt Ogbonna, Group Managing Director and CEO of Access Bank PLC, emphasized the conference’s significance: “The Africa Trade Conference represents a crucial step in redefining Africa’s trade potential. By creating platforms for dialogue, innovation, and actionable solutions, Access Bank is enabling African businesses to connect and thrive in the global economy.”
Seyi Kumapayi, Director of African Subsidiaries at Access Bank, highlighted the broader vision: “The Africa Trade Conference is a platform to not only address Africa’s trade challenges but to champion the continent’s opportunities. Through strategic partnerships and tailored financial solutions built on the ethos of sustainability, we are paving the way for Africa’s businesses to take their place on the global stage.”
Key Themes and Objectives
The ATC will feature a distinguished lineup of speakers, including top executives from international banks, Development Finance Institutions (DFIs), and industry leaders from Africa. Key themes to be explored include:
- The Africa Continental Free Trade Area (AfCFTA): Discussions on reducing trade barriers, enhancing infrastructure, and integrating African economies into global trade networks.
- Digitization and Innovation: Examining the transformative role of technology in global trade.
- Overcoming Trade Barriers: Identifying solutions to enhance market access.
- Sustainable Trade Practices: Exploring innovative financing models to promote sustainability.
By addressing these critical areas, the conference aims to provide a comprehensive roadmap for advancing Africa’s position in global commerce.
Access Bank’s extensive presence across 24 countries, including 16 in Africa, positions it as a key facilitator of inter- and intra-African trade. The bank’s network underscores its commitment to addressing trade complexities and promoting inclusive growth throughout the continent.
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