About Australia - Africa Economic Forum

 

The Australia-Africa Economic Forum is organized to enhance business relations between Australia and Africa, and the both are working together to advance the mutual benefit of the two continents. The event holds a reputation for its provision of valuable up-to-date information on trading and investing in Africa.

According to a joint submission to the senate standing Committee on Foreign Affairs, Defense and Trade inquiry into Australia's trade and Investment relationships with African countries, the Australian Trade and Investment Commission (AUSTRADE) and the Department of Foreign Affairs and Trade (DFAT), Australian companies has to increase trade engagements with Africa. Hence, the Australian Government is committed to a long term ties of friendship and cooperation with the countries of Africa and is acknowledged as a valued partner.

Africa has been described to be the frontier of the global economy and Australia’s business and investment interests in Africa are worth over tens of billions of dollars. It’s not just about the resources sector either-Australian involvement in African economies in increasingly reaching into other areas including education, health and the arts

Globe Chamber of Commerce and Industry will be organizing the Australia-Africa Economic Forum. It will be done in partnership with the Ministry of Foreign Affairs (Nigeria) and Austrade, DFAT and state governments of Australia to identify and promote business opportunities and also advocate for a predictable market-oriented operating environment. 

It will be a public private Joint partnership for the purpose of business growth and development between countries in both continents with emphasis on Foreign Direct Investment, project development, Trade, Investment that will bring about an increase in the African Economy.

Participants and Businesses that get involved will have the opportunity to raise their business profiles, they will also be exposed to knowledge sharing between both continents and meet with potential international business partners for both Governments, the Economic Forum has the following advantages:

·        Strengthening government-to-government engagement

·        Expanding economic diplomacy 

·        Fostering stronger private sector linkages 

·        Addressing business risk factors in Africa and Australia

The event will be held in Sydney, Australia and will be a 6 days event from the 26^th to the 30^th of May 2021.

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