PAC Capital Limited sponsors the Afreximbank 2021 Intra-African Trade Fair (IATF) event in Durban, South Africa
In order to reiterate its commitment to promote the trade agenda in Africa, PAC Limited capital ‘PAC Capital city’ (PACCapital Ltd.com), a member of PanAfrican Capital Holdings Group, has concluded plans to sponsor the 2021 Intra-African Trade Fair (IATF) event organized by the African Export-Import Bank (Afreximbank). The company said the sponsorship builds on the continent’s renewed drive to promote its business sector.
According to the organizers, the hybrid event, to be held from November 15 to 21, 2021 in Durban, South Africa, promises to focus on the new African Continental Free Trade Area (AfCFTA) – a single market for goods and services. services in 55 countries. , aimed at stimulating trade and investment. IATF is an initiative that supports the implementation of the AfCFTA. It is organized by Afreximbank in collaboration with the African Union, marking an important step to sustainably fill the trade and market information gap for the successful achievement of AfCFTA objectives. Afreximbank has identified intra-African trade as a critical factor in unlocking Africa’s economic potential.
PAC Capital said the sponsorship underscores its commitment to help build 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 improving cross-border trade and market intelligence, as we believe this is essential for the economic growth and advancement of the continent.
According to the organizers, “Although the share of intra-African trade as a percentage of total African trade increased from 10% in 1995 to around 16% currently, it remains low compared to the levels of 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 its unwavering support for the promotion of business activities in Africa through innovative initiatives as well as its tailor-made portfolio of financial products that meet the diverse needs of its clients in terms of transactions, capital raising, equity and debt financing, among others.
Distributed by APO Group on behalf of PAC Assets.
From PAC Limited Capital
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On PAC Limited capital:
PAC Capital city Limit “PAC Capital city”Is the investment banking arm of Pan-African capital Holdings, committed to facilitating investing activities and enabling growth across the African continent. With an excellent track record in fundraising and financial advisory services, the company provides comprehensive advisory services to a diverse clientele that includes financial institutions, corporations, individual and institutional investors, and government agencies. PAC Capital works with multilateral finance and credit institutions across Africa and beyond to provide financial solutions to its stakeholders. With a strong pedigree in buying and selling advice, the company provides financial intermediation that positively influences intra-African trade and offers immense value through capital raising, mergers and acquisitions advice, corporate restructuring and corporate reorganization, balance sheet restructuring, debt restructuring, project and infrastructure finance and structured trade finance with various transactions in over 30 African countries. PAC Capital was awarded as the best project finance company in 2018 and won the African contract of the year in 2019 as well as the best investment banking team Nigeria 2021. The company sponsored in 2021 the largest conference on mining investment in the world – Mining Indaba, and is a proud sponsor of the intra-African trade fair in Africa as well as the “Creative Africa Nexus (CANEX) Presents Africa in Portugal Fashion ”until 2023.
For more information visit: www.PACCapitalLtd.com
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