The Union of African Chambers of Commerce, Industry, Agriculture, and Professions (UACCIAP) and DP World are collaborating to enhance intra-Africa trade by addressing business challenges and fostering collaborative opportunities.
The alliance aims to make intra-African commerce more accessible, efficient, and cost-effective.
UACCIAP and DP World will provide African firms with a comprehensive platform for connecting, sharing business information, access to fairs and exhibits, sectorial and general delegations, and logistical support under the terms of the agreement.
DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem, said: “We are dedicated to supporting the growth of African businesses and foster trade within the continent. Poor road, rail and maritime infrastructure add as much as 40 per cent to the costs of goods traded among African countries.
“At the same time, intra-African trade makes up just 13 per cent of its total. This agreement will provide our members with a valuable platform to reach new markets and expand their operations.”
UACCIAP Chairman Ahmed El Wakil added: “This partnership is a significant step towards promoting trade and investment between African countries. We have witnessed many African countries drive their economies towards higher growth and we are fully confident in our continent’s offering to the world.
“We are delighted to partner with DP World, a global leader in logistics and e-commerce, to connect African businesses with new opportunities and markets.”