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Buhari in South Africa, seeks $40bn investments

As part of his continuing socio-economic diplomacy trips, President Muhammadu Buhari landed in Durban, South Africa, on Saturday.

On Monday, the president will attend the launch of the second Intra-African Trade Fair (IATF) 2021 in Durban, at the request of South African President Cyril Ramaphosa.

The exhibition, themed “Building Bridges for a Successful AfCFTA,” intends to encourage trade and investment across Africa, according to Femi Adesina, the presidential spokesperson.

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“Global businesses, including non-African international brands, are expected to key into opportunities generated by the fair, thereby attracting to continental trade investment deals worth $40 billion,” the president’s media aide said.

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Buhari heads to South Africa for trade fair

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Mr Adesina stressed that the event would also seek to create an enabling environment for businesses to thrive across the continent.

The event is expected to generate market information needed to connect buyers and sellers throughout the continent.

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The president was earlier in Paris on November 9 on an official visit as a guest of President Emmanuel Macron at Palais de l’Élysée.

He also attended the three-day Paris Peace Forum (PPF) from November 11 to 13.

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  1. 40b for investment what type of investment is that… Mr President can never invite presidents from other countries to this our country for investment programs, he want to invest our money in other country, blind man! This is what you see when a blind man leads the country.

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