Australia-Africa Chamber sets the stage for summit to drive mutual growth

The Australia-Africa Chamber of Commerce is gearing up to host the Australia-Africa Business Summit, a unique platform that aims to thrust Africa into the spotlight of Australian trade and investment.

The Summit, which is set to take place in the coming months, is a strategic move to foster collaboration between the two continents, particularly in sectors such as Agribusiness, Mining Equipment, Technology and Services (METS), Energy, Green Technology, Healthcare, Education, Manufacturing, Tourism, and Financial Services.

It is for this reason that businesses and industries in Ghana are being urged to seize the unprecedented opportunity to be part of this year’s Summit.

The Australia Africa Chamber of Commerce envisions the summit as a catalyst for elevating Africa’s prominence in the Australian trade and investment landscape.

By bringing together an assembly of business leaders, government officials, policymakers, investors, and entrepreneurs from both regions, the summit aims to facilitate comprehensive discussions on the current state of bilateral and multilateral trade.

Moreover, it will also provide practical insights for those eager to venture into new markets.

The Australia-Africa Chamber of Commerce emphasizes that the Summit’s purpose extends beyond business transactions; “it is a platform designed to encourage exploration and maximize existing opportunities between African and Australian communities.”

The outcomes anticipated from this monumental gathering are not merely limited to the exchange of goods and services but include the establishment of new connections and relationships between governments and businesses.

These connections are poised to yield significant economic benefits for both Australia and Africa.

In a nod to the broader vision of the Australia-Africa Business Summit, the Chamber is hopeful that the summit will be a game-changer, steering the trajectory of trade and investment between the two continents towards unprecedented heights.

Delegates will hear from keynote speakers such as the Hon. Don Farrell, Minister for Trade and Tourism Australia, and Mr. Wamkele Keabetswe Mene, Secretary-General of the African Continental Free Trade Area (AfCFTA).

In a press statement announcing the Summit, the President of the Australia Africa Chamber of Commerce, Mr. Duncan Harris, said “The partnership between Australia and Africa has witnessed consistent growth over the years, and the inclusion of the AU into the G20 reflects the unity, strength, and potential of African nations.”

He added that “Melbourne is positioned to lead new bilateral relationships and business engagements. As the multicultural capital with the largest African population in Australia, Melbourne is both a leader in international trade and investment and a hub for booming innovation.”

Also, the Secretary-General of the African Continental Free Trade Area, Mr. Wamkele Keabetswe Mene, is quoted to have said, “Africa has the potential to surpass China as the ‘world’s factory’ and is inviting Australian investors with promises of seamless trade across borders, reduced political instability, and a rapidly growing young workforce with lower labour costs.”

“With a market of 1.3 billion people and a GDP of $3.4 trillion, investors entering this market will likely see significant benefits and returns on their investments in the future within a competitive continent,” it was added.

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