Nigeria: ACCI Advocates Qatari-African Chamber of Commerce to Boost Trade

12 April 2021

Abuja — The President, Abuja Chamber of Commerce and Industry (ACCI), Dr. Al-Mujtaba Abubakar has called for the establishment of the Qatari- African Chamber of Commerce to facilitate and establish strong trade groups covering several industrial and trade sectors.

He said the launch of the chamber was pertinent and apt within the context of African Continental Free Trade Area (AfCFTA) with to leverage on historical relationship to create synergy between Qatari and African businesses.

Al-Mujtaba made the call, while delivering his keynote address at the Qatari-Africa Business Forum over the weekend.

He said, the chamber will exist in all African capitals, focusing on expanding partnership between Qatari and African businesses.

He gave the assurance that ACCI was ready to spearhead the formation and hosting of the proposed Chamber of Commerce.

While calling for more international businesses to explore the vast opportunities in Africa, Al-Mujtaba stated that the continent has the youngest world population, with strong digital orientation.

In a statement by ACCI Media Officer, Latifat Opoola, he said: "Africa is home to some of the world's fastest growing economies. While many world economies are down, many African states are still recording growth even as the effect of the pandemic has been smartly managed by many African nations.

"A continent booming with several landmarks' infrastructural projects, Africa is home to new ports. Airports, trans-continental railways and Trans-African highways.

"This is a continent with Agenda 2063, an African Union continental development agenda which nation states in Africa are actively implementing."

He further noted that it was high time Qatar invested in industrial parks, special economic zones and several greenfield and brownfield infrastructural projects in the country.

He said: "Qatar should also show interest in the African Union (AU) Agenda 2063. The agenda has strong multilateral segments. It also has a private sector component. African leaders are presently seeking partnership for the Agenda which covers all sectors.

"The African Union also has a Business Partnership Alliance which focuses on liaising and linking African business with related financing and partnership opportunities in African projects. Again, Abuja Chamber of Commerce will be ready to provide full support for Qatari businesses on how to tap into the Agenda 2063 projects."

Also, speaking at the occasion, the IBD Director for International Network, Mr Vineet C. Nambiar while speaking on IBD Qatar- Africa Forum Initiatives said Africa has been singled out to be the most exciting opportunity for investment, adding that the need for reliable partners has become expedient more than ever.

He noted that IBD has more network of international ambassadors to source for local deals in Africa and beyond, connecting teams to facilitate with the partnerships and MoUs.

He assured that in the next 18 months, the team will be making four delegation visits to Africa.

More From: This Day

Don't Miss

AllAfrica publishes around 900 reports a day from more than 130 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.