Key Note Address At The Africa Economic Summit 2024
By Mazi Dr. Sam Ohuabunwa OFR, MON, NPOM
As earlier stated, the whole of AFRICA contributes only 2.84% of the Global GDP which is markedly below what India alone contributes (3.28%) and just slightly higher than Brazil contributes (2.54%), yet all the African countries occupy a single seat each in the UN, the same as US and China! It is comforting that many of our leaders and People have long decided that this narrative must change and this summit is part of the continuing effort to change the African story.
We therefore need to produce more, buy and sell more to each other and export aggressively to the rest of the World to improve balance to Trade in Favour of Africa and earn the much desired foreign exchange but what are the impediments?
We drive mutually beneficial intra-continental trade
Nigeria
- Population: 230 million people
- GDP: $252.73 billion
- Export goods: Petroleum, Petroleum products, Vegetable Products, Leather, Beverages, Spirits, Cashew nuts, Cocoa etc.
- Currency: Naira
- Trade Organisations: AU, AfCFTA, ECOWAS, WTO
Kenya
- Population: 51.5 million people
- GDP: $104.001 billion
- Export goods: Tea, Horticultural products, Coffee, Petroleum products, Fish, Cement, Apparel
- Currency: Kenyan Shilling
- Trade Organisations: AU, AfCFTA, EAC, COMESA, CENSAD, WTO
South Africa
Precious metals and base metals have been leading exports; agricultural goods and military equipment also play an important role. The country’s major imports are chemicals, chemical products, and motor vehicles. South Africa’s main trading partners include China, the United States, Germany, and Japan. Here are some of the top selling products in South Africa, reviewed below:
- Laptops
- Phones and Phone Accessories
- Tablets
- Smart Watches
- Shoes
- Jewelry
- Headphones
- Handbags
- Ladies Wigs
- Shapewear
- Baby clothes and baby essentials
- Men’s grooming products
Egypt
Egypt’s main products and Services – Its most important exports include petroleum and petroleum products, followed by raw cotton, cotton yarn, and textiles. Egypt’s major agricultural exports to the world are potatoes, cotton, and fresh fruit, primarily citrus. cotton and textiles are the most demanded Egyptian products with a percentage of 36%, while pharmaceuticals are also highly demanded with 29%. Steel and aluminium present 23% and agricultural products present 11%.
Eswatini
Exports The top exports of Eswatini are Scented Mixtures ($559M), Raw Sugar ($302M), Industrial Fatty Acids, Oils and Alcohols ($208M), Sawn Wood ($80.1M), and Non-Knit Women’s Suits ($65.1M), exporting mostly to South Africa ($1.35B), Kenya ($97.6M), Nigeria ($67.6M), Democratic Republic of the Congo ($61.3M)
OUR PROCESSES
Client Discovery
EXTEL Hunt works on the client—using your company name and armed with knowledge to accurately represent your business.
List Building
Qualified, dedicated humans at EXTEL Hunt use their expertise and knowledge of world-class tools to create a custom prospect list.
Account Qualification
EXTEL Hunt uses our unique categorization system to rapidly prioritize all of the prospects we have added to your list.
Contact Verification
After scoring the account in the EXTEL Hunt qualification process, we identify key people with decision-making authority.
Opportunity Identification
EXTEL Hunt does everything possible to set up a Qualified First Time Appointment with the decision maker.
THINK AFRICA
THINK EXTEL HUNT
Frequently Asked Questions
What do you do at Extel Hunt Africa?
At Extel Hunt Africa, we promote African trade by showcasing the various goods and services within the continent while using our in-country representatives across Africa to facilitate this. We’re driven by the passion to see Africans trade more within Africa, as a first point of call for any goods and services; thus building a sustainable intra-African trade hub.
How do you build a sustainable intra African trade hub?
With our in-country representatives across the length and breadth of Africa, we don’t just stop at identifying the trade opportunities, we go ahead to connect the buyers and the sellers across Africa and ensure seamless and mutually rewarding business transactions.
What about the Coverage Area of Extel Hunt?
We think Africa. So we cover the whole length and breadth of Africa. All the nations of Africa. Everywhere there’s something to sell to Africa from Africa.
Why do you do the things you do at Extel Hunt?
Our Mantra is – Think Africa. We think of Africa because charity begins at home. North, East, or West, home is the best. And besides research has shown that most of the things we import from outside Africa can be sourced from Africa. There’s no better way to mutually strengthen our economies than to increase our intra-African trade.
What is the Scope of Operations at Extel Hunt Africa?
We cover every sector of the economy – every sector where there’s something to sell to any African nation from another African nation.
Why Choose Extel Hunt Africa?
We are African. We love Mama Africa. And we don’t pretend about it. We’re on ground. We understand the terrain better. We’re result-oriented when it comes to business. So what else are you looking for?
What are the benefits of partnering with Extel Hunt Africa?
We feel your pulse. We don’t work for you, we work with you – partnership like never before. We have contacts across the land and that is to your advantage
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