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Limited knowledge about trade opportunities in African countries has been identified to be among the biggest impediments to intra-African trade. The Executive Vice President for Business Development and Corporate Banking at the African Export-Import Bank (Afreximbank), Amr Kamel, was quoted to have said this in a statement on Monday.
Speaking recently during a panel discussion at the Africa 2017 Forum, organised in the Egyptian resort city of Sharm el Sheikh, Egypt, Kamel said contrary to the popular view that lack of infrastructure was the biggest challenge to intra-African trade, such trade was being held back mainly because people in one African country lacked information about trade opportunities in other African countries.
He noted, for instance, that a recent study co-sponsored by Afreximbank showed that some African countries were importing certain products at high cost from outside Africa while the same products were available at much lower costs in nearby African countries.
Photo Caption: Afreximbank Logo
