African investors have been encouraged to explore new export markets in the United States ahead of a May 2018 event known as the Trade with Africa Business Summit.
The Summit, which will convene in Bentonville, Arkansas, in the United States from May 10th to May 11th, 2018, is designed to position Arkansas as a favorable destination for African business and political leaders looking to create new partnerships in the US.
“The World Trade Center Arkansas has been an integral partner in gearing up for the success of the 2018 Trade with Africa Business Summit,” Toyin Umesiri, convener of the Summit and CEO of Nazaru, a leading consultancy firm, said in a statement issued on April 25th, 2018.
She added that businesses attending the event were set to benefit greatly by exploring new markets.
The Trade with Africa Business Summit will engage leaders and innovators in sustainable agriculture, business, trade, women empowerment and digital acceleration in Africa. People interested in attending can read an executive summary of the event here.
Among the high profile individuals attending the Summit is Olusegun Awolowo, Managing Director and CEO of the Nigerian Export Promotion Council (NEPC), who is scheduled to speak at the event. Mr. Awolowo was recently re-appointed to a second term by the President of Nigeria, Muhammadu Buhari.
“The aim of the event is to ignite a fresh dialog that educates and showcases effective strategies for increasing trade between the US and African countries,” Umesiri explained.
Umesiri said in an earlier statement that although some level of success has been accomplished after the Africa Growth and Opportunity Act was passed in 2000, the US still has minimal engagement with sub-Saharan Africa.
“On the US side, there are several constraints including lack of awareness, supporting business data, misconceptions and an information gap,” she added.
“On the African side, there is a lack of information related to available business partnerships and opportunities for African businesses as well as education on ways to secure investments needed to build the level of capacity required to meet US standards,” Umesiri said.
The Summit has grown to become one of the most important conversations in regard to Africa. The affair is designed to increase awareness of investment opportunities while creating an effective platform for business leaders to develop new strategic partnerships that drive economic growth.