🇳🇦NamibiaSouthern Africa
Africa Economic Leadership Council to host Invest in Africa Trade Expo and business summit in Swakopmund
via The Namibian2 min read
The Africa Economic Leadership Council will host a three-day Invest in Africa Trade Expo and business summit in Swakopmund from May 28 to 30. Heinrich Hafeni, co-founder and president of the council and whose company Hafeni Tourism Group is organizing the event, stated that the expo and summit aim to connect and foster partnerships among African entrepreneurs and businesses. Investment promotion boards from African countries, including Southern African Development Community member states like Botswana, Zambia, and South Africa, are expected to attend to explore business opportunities in Namibia as members of the African Continental Free Trade Area agreement. The event also plans to host governmental officials, ambassadors, and business owners from Africa and globally. Hafeni noted that this aligns with the African Continental Free Trade Agreement, which seeks to strengthen inter-African trade and enhance the continent’s economic standing. Discussions will cover opportunities in Namibia's oil and gas sector, natural resources and minerals beneficiation, small and medium enterprises funding, and cross-border financing. Hafeni emphasized that the non-profit organization's main achievement is raising awareness among African businesses about continental opportunities. He stated, "Our main message to businesses is that Africa is open for business with a potential market of 1.3 billion people." He added that the organization aims to redefine how African entrepreneurs connect, collab
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This summary was AI-generated from a story originally published by The Namibian.
Jannik Sinner began his Madrid Open campaign with a 6-7 6/8, 6-1, 6-4 victory over Benjamin Bonzi in the second round. The Italian world number one is seeking to break the record of four consecutive Masters 1000 titles, currently held by Novak Djokovic and Rafael Nadal. Despite dropping the first set to Bonzi, Sinner recovered to secure his place in the third round. He acknowledged the tough match, stating it provided good feedback for improvement. With Carlos Alcaraz sidelined due to injury, Sinner is considered a strong favorite in upcoming competitions. In other matches, Croatian qualifier Dino Prizmic defeated world number six Ben Shelton 6-4, 6-7 4/7, 7-6 7/5, marking his first win against a top-10 player. American Tommy Paul also exited after losing to Thiago Tirante. Nineteen-year-old Spaniard Rafael Jodar upset world number eight Alex de Minaur 6-3, 6-1. In the women's draw, world number two Elena Rybakina advanced to the third round with a 4-6, 6-3, 7-5 win over Gabriela Ruse, admitting she "basically survived" the match. Coco Gauff, the third seed, defeated Leolia Jeanjean 6-3, 6-0, and fifth seed Jessica Pegula beat Katie Boulter 6-4, 6-4.
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Must ReadThe Africa-Export-Import Bank Afreximbank is offering training to Namibian businesses, in collaboration with the AfCFTA Secretariat, to help them participate in the African Continental Free Trade Area AfCFTA. The training, open to all African businesses, will take place in Egypt in June. Afreximbank group chief economist and managing director of research Yemi Kale stated that the program aims to equip participants with the skills and knowledge to capitalize on the AfCFTA's prospects. AfCFTA Secretariat director of trade in goods and competition Mohamed Ali emphasized that the training will provide practical knowledge, tools, and institutional support for businesses to effectively use the agreement. The initiative addresses the limited understanding of AfCFTA's technical provisions that currently hinder the full realization of its benefits, aiming to clarify how the framework expands market access for producers across the continent.