Buhari visits South Africa, seeks $40bn investments

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The president, Mohammadu Buhari who is currently on a visit to South Africa, at the special invitation of the South African president to attend the inauguration of the second Intra-African Trade Fair (IATF) 2021 on Monday.

President Muhammadu Buhari arrived in Durban, South Africa, from Paris on Saturday as part of his ongoing socio-economic diplomatic missions.

The fair, with the theme “Building Bridges for a Successful AfCFTA,” aims at boosting trade and investment across the African continent, the presidential spokesman, Femi Adesina said.

“Global businesses, including non-African international brands, are expected to key into opportunities generated by the fair, thereby attracting to continental trade investment deals worth $40 billion,” the president’s media aide said.

Mr Adesina disclosed that the event would also seek to create an enabling environment for businesses to thrive across the continent.

The event is expected to generate market information needed to connect buyers and sellers throughout the continent.

Meanwhile, the president is expected back in Nigeria on Tuesday, November 16.