Buhari in South Africa, seeks $40bn investments
President Muhammadu Buhari arrived in Durban, South Africa, on Saturday from Paris as part of his ongoing socioeconomic diplomatic missions aimed at enhancing the country’s security and economic transformation.
According to the News Agency of Nigeria (NAN), the Nigerian leader is in Durban at the invitation of South African President Cyril Ramaphosa to attend the inauguration of the second Intra-African Trade Fair (IATF) 2021 on Monday.
The Fair’s theme, “Building Bridges for a Successful AfCFTA,” aims to boost trade and investments across the African continent, according to Mr Femi Adesina, the presidential spokesman, in a statement issued in Abuja.
Adesina emphasized that the event would also aim to create an enabling environment for businesses across the continent to thrive.
The event is expected to generate market data required to connect buyers and sellers across the continent. “Global businesses, including non-African international brands, are expected to capitalize on the fair’s opportunities, attracting to continental trade investment deals worth $40 billion dollars,” said the president’s media aide.