Eastern Cape positioning itself as preferred investment destination in Africa

Eastern Cape positioning itself as preferred investment destination in Africa

The Eastern Cape is embarking on a drive to position itself as a preferred investment destination on the African Continent. The province wants to accelerate its exports as it aims to grow the economy.

It is hosting a symposium in East London for trade emissaries from a number of African countries and also the European Union. Increasing trade with other African countries is high on the agenda as Intra-African trade constitutes only 16% of total trade in Africa.

The Eastern Cape Development Corporation sees this as a huge untapped market.

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