With the flagship edition of the Open Africa Business Forum scheduled to take place in Moscow, Russia on February 2, 2023, Micro Small and Medium-Sized Enterprises (MSMEs) throughout Africa are expected to experience significant growth in trade and commerce.
A communication tool called the Open Africa Economic Forum was created to improve business collaboration between African and Russian sectors.
Several African nations, including Burundi, Cote d’Ivoire, the Democratic Republic of the Congo, Tanzania, Uganda, Zambia, and Zimbabwe, have indicated that they will attend the Moscow event.
Due to Africa’s potential for economic growth, Russian enterprises are using the Open Africa Business Forum to hunt for new investment and cooperation opportunities.
A number of African nations are expected to send representatives to the inaugural Open Africa Commercial Forum from the business and economic sectors of both the public and private sectors.
Each African company will have the chance to showcase their offerings or investment plans to the Russian business community at the event.
The representatives of African businesses will also have the chance to conduct bilateral side discussions with other potential Russian investors.
Most of the African embassies in Russia have since expressed support for the Open Africa Business Forum.
The major partners that Open Africa Business Forum has engaged are Business Russia Business Association and AFROCOM and other influential corporations.
The event in Moscow will look at topics such as; Why Africa is the continent of the future, 10 reasons to start a business in Africa and Ways to increase trade turnover between Russia and African economies.
Other topics during the Moscow convention will include Points of growth: Investment. Digitalization. Innovation and also business and economic experts will discuss Russian Trading House in Africa-Pros and Cons.
Through the Open Africa Business Forum, Russia considers Africa as the continent of the future because of its massive investment potential across spectra of social and economic sectors.
A discussion panel will be part of the agenda in Moscow to look at the road to Africa; logistics, taxation, financial transactions and support measures.
The partnerships being created by Open Africa Business Forum are key in strengthening trade and economic relations between Africa and Russia.
Registration for the Moscow event is now open on the Open Africa Business Forum website and registration is free for African delegations.
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