Local companies invited to a trade and investment mission in Ghana and Nigeria
Masina says Ghana and Nigeria are important role players in African economic performance and thus present a long term export potential for South Africa in terms of investments and trade.
MBOMBELA- The Department of Trade and Industry (the dti) invites companies to participate in the Trade and Investment mission to Ghana and Nigeria.
The mission will take place from August 8 until the 12th
“Companies in the sectors of Agriculture and Agro-processing, Built environment professionals, Automotives and Auto-components, Energy (Oil and Gas), Electro-technical, Infrastructure (rail, road and telecoms) as well as Mining and Capital Equipment are encouraged to apply to the department before 8 June,” explained Sidwell Medupe, spokesperson for Dti.
He says the deputy minister of Dti Mr Mzwandile Masina outlines the objective of this mission to Nigeria in particular is to build on the commitments made during the recent State Visit by President Jacob Zuma to that country in March.
“The visit to both countries provides an ideal platform for South African companies who would like to export value added products and services and for companies who are looking for investment opportunities in West Africa region,” he adds.
Masina says Ghana and Nigeria are important role players in African economic performance and thus present a long term export potential for South Africa in terms of investments and trade.
Bilateral trade between South Africa and Ghana experienced an upward trend between 2011 and 2015, growing from R3.1 billion to R4.6 billion respectively, while bilateral trade between South Africa and Nigeria has experienced steady growth with total trade increasing from a total of R28.4 billion in 2011 to R46.1 billion in 2015.
Participating companies will be assisted through the dti’s Export Marketing and Investment Assistance Scheme (EMIA).
