The launch of the African Trading and Industry Company to support economic integration within the continent – Algerian dialogue

The President of the African Bank for Export and Import (Africa-Babne), Benedict Urama, announced today, Friday, the official launch of the African Trade and Industry Company, which aims to support intra-trade between the countries of the continent and enhance the export of raw materials inside Africa.

This announcement came on the sidelines The day of the African communitiesWho was chaired by the Prime Minister on behalf A strange swordAnd the organizer within the framework of events The fourth edition of the African -African Trade Exhibition At the International Conference Center, “Abdul Latif Rahal”, in Algiers.

In a statement to the News Agency, he explained Ayman Al -ZoghbiHead of the Finance and Trade Sector and Investment Companies at the African Bank for Export and Import, that the operations of the new company It actually started during the current year By marketing a group of products, before the official announcement is made today in Algeria.

Al -Zoghbi emphasized that the goal of establishing this company is to be represented in Encouraging the marketing of African products, especially raw materials, within the continentWith work to convert it locally instead of exporting it to the global markets, allowing the production of added value within Africa.

He added that the company, which is entirely owned by Avrixim-bankShe has a capital of about Billion dollarsAdding that it will start its operations more broadly in the next stage, while adopting its own financing resources to expand its activities.