The SADC BC in partnership with the African Export and Import Bank (Afreximbank) in August 2022, successfully launched the SADC-Africa Trade and Investment Marketplace (SADC Marketplace).

Introduction
Platform Background
Introduction

The SADC BC in partnership with the African Export and Import Bank (Afreximbank) in August 2022, successfully launched the SADC-Africa Trade and Investment Marketplace (SADC Marketplace).  The aim of this initiative is to establish an engagement platform between SADC and the rest of Africa to unlock investment opportunities, promote private sector development and business growth.  The SADC Marketplace is imperative in that it will allow companies, organizations and individuals to trade in goods, services, and assets.  The SADC Marketplace will provide a platform for businesses to access new markets and clients, allowing for the expansion of their operations and increased revenues.  It will also create opportunities for entrepreneurs and investors to connect and network, serving to spur innovation and economic growth for the SADC region.

By facilitating the flow of goods, services and capital, the trade and investment marketplace will positively contribute to the development of local and regional economies and equally help to raise living standards within the SADC region.

The SADC, which comprises 16 member states in Southern Africa, has the primary objective to promote economic cooperation and integration among its member countries in order to improve to the social and economic well-being of its citizens.  SADC’s focus areas include agriculture, trade, investment, and infrastructure development, as well as regional peace and security.  The organization works to create a more conducive environment for doing business within the region by reducing trade barriers, improving transportation and communication networks, and enhancing the business environment.

Platform Background

The above-mentioned conditions and SADC focus areas indicate a high demand for a user-friendly, secure platform that provides easy access to regional trade and investment opportunities and relevant information and data.  In addition, the SADC Marketplace digital platform will seek to promote the SADC region to international markets while also providing country-specific information to potential investors and businesspeople on how to do business in each of the 16 SADC member states e.g. What steps to take to open a business in Angola, how to register the business, is the investment climate conducive for running a business, standards & regulations etc.  Currently, the SADC region does not have a designated marketplace for trade and investment.

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