Le mardi 3 décembre dernier, s' est tenu e an economic round table bringing together South African and Nigerian authorities in Cape Town. The aim is to strengthen their economic capacities.

La Deputy Director General for Trade Xolelwa Mlumbi-Peter said that South Africa and Nigeria, two of the largest economies on the continent, “are well placed to take advantage of the opportunities offered by the African Continental Free Trade Area (AfCFTA), in sectors essential strategies to stimulate economic growth and development at the national, regional and continental levels.” According to the International Trade Center, trade between these two African powers reached style="font-family: "Bookman Old Style”, serif"> 2.68 billion dollars in 2023 compared to nearly 2 billion dollars in 2022. Discussions focused in particular on the food industry, the automotive industry, the digital economy, energy, financial services, infrastructure and the manufacturing industry. The meeting will also allow businesses from both countries to dialogue with policy makers to strengthen cooperation and obtain government support for their projects.