PAC Capital to sponsor 2021 Intra-African Trade Fair event in South Africa

PAC Capital Limited, a member of PanAfrican Capital Holdings Group, said it will sponsor the 2021 Intra-African Trade Fair (IATF) event organised by African Export-Import Bank (Afreximbank).

The company said the sponsorship draws from the continent’s renewed drive to promote its trade sector.

Organisers said the hybrid event, which will hold from 15-21 November 2021 at Durban in South Africa promises to focus on the newly-launched African Continental Free Trade Area (AfCFTA) – a single market for goods and services across 55 countries, aimed at boosting trade and investment.

PAC Capital said the sponsorship underscores its commitment to help drive borderless capital solutions for sustainable growth and development through trade in the African economy.

Humphrey Oriakhi, Managing Director, PAC Capital Limited, said, “PAC Capital is deeply committed to contributing its quota to the enhancement of cross-border trade and market informationbecause we believe it is pivotal to the continent’s economic growth and advancement.”

According to the organisers, “Although the share of intra-African trade as a percentage of total African trade has increased from 10% in 1995 to around 16% currently, it remains low compared to the levels in Europe (59%), Asia (51%), and North America (37%).” Committed to transforming Africa, Afreximbank launched the biennial intra-African Trade Fair in 2018 as a unique platform to connect African buyers, sellers, and investors.

PAC Capital Limited assures of its unwavering support towards promoting trade activities in Africa through innovative initiatives as well as its bouquet of finance-tailored products that cater for its clients’ various transactional, capital raising, equity and debt finance needs, amongst others.