The hybrid roundtable is aimed at discussing and providing update on the Harmonization project and will come off on the sidelines of the Intra-African Trade Fair (IATF) taking place in Durban, South Africa from the 15th to the 21st of November 2021.
Jeddah – 11th November 2021: The African Export-Import Bank (Afreximbank), and the International Islamic Trade Finance Corporation (ITFC), in partnership with the Arab Bank for Economic Development in Africa (BADEA) and the African Organization for Harmonization (ARSO) announce the organization of a roundtable on the sidelines of the Intra-African Trade Fair (IATF) on 17th November 2021 at 10:30 – 12.30pm (South Africa Time).
The hybrid event will serve as a platform to provide update on their common project called “Harmonisation of Standards for Pharmaceutical Products and Medical Devices in Africa”. The initiative which was launched under the umbrella of the Arab Africa Trade Bridges (AATB) Program in 2020, aims at harmonising African standards for pharmaceuticals and medical devices thereby enhancing intra-African trade and investment, reducing substandard counterfeit products, and building resilient regional health systems.
The roundtable shall be graced by Prof. Benedict Oramah, President Afreximbank; Eng. Hani Salem Sonbol, CEO ITFC; Dr. Sidi Ould Tah, BADEA Director General; Wamkele Mene, Secretary General AfCFTA; Dr. Vera Songwe, Executive Secretary, UN Economic Commission for Africa; H.E. Albert M. Muchanga, Commissioner, African Union Commission; Dr. John N. Nkengasong, Africa Centre for Disease Control; Dr. Hermogene Nsengimana, ARSO Secretary General and Dr Paulyne Wairimu,PPB, Kenya/AMDF and shall concurrently take place physically at the IATF venue and virtually on Zoom.
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African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade. Afreximbank deploys innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialization and intra-regional trade, thereby boosting economic expansion in Africa. The Bank has a rich history of intervening in support of African countries in times of crisis. Through the Pandemic Trade Impact Mitigation Facility (PATIMFA) launched in April 2020, Afreximbank has disbursed more than US$6.5 billion in 2020 to help member countries manage the adverse impact of financial, economic, and health shocks caused by the COVID-19 pandemic. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has completed the development of a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Afreximbank is working with the AU and the AfCFTA Secretariat to develop an Adjustment Facility to support countries in effectively participating in the AfCFTA. At the end of 2020, the Bank’s total assets and guarantees stood at US$21.5 billion, and its shareholder funds amounted to US$3.4 billion. Afreximbank disbursed more than US$42 billion between 2016 and 2020. The Bank has ratings assigned by GCR (international scale) (A-), Moody’s (Baa1) and Fitch (BBB-). The Bank is headquartered in Cairo, Egypt.
For more information, visit: www.afreximbank.com.