Two firms from Almería, Spain show their offer in Sub-Saharan Africa with Extenda

Published 2021년 11월 23일

Tridge summary

Extenda-Andalusia has conducted three commercial missions to Kenya, Angola, and Ethiopia to strengthen the presence of Andalusian companies in Sub-Saharan Africa, a region that has seen a 22% year-on-year growth in Andalusian exports. The missions aimed to explore opportunities in various sectors such as agri-food, consumer goods, infrastructure, housing, health, and capital goods. The economic dynamism and increasing openness of the target countries offer promising business prospects for Andalusian companies. In the first eight months of the year, Andalusian exports to Africa grew by 22%, totaling 1,689 million, and the region is a priority in Extenda's new promotion strategies.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Extenda-Andalusia Exportation and Foreign Investment has developed three commercial missions in Kenya, Angola and Ethiopia with the aim of reinforcing the positioning of Andalusian companies in these strategic markets for the diversification of Andalusian exports to Sub-Saharan Africa, a region towards which Andalusian exports grew by 22% year-on-year in the accumulated figure of 2021, placing Andalusia as the second exporting community in Spain. Following the shock of COVID-19, Sub-Saharan Africa's recovery prospects are strengthening, according to the World Bank, due to a slower spread of the virus, strong agricultural growth and a faster rebound in commodity prices. than expected. Along these lines, in its latest forecasts, the International Monetary Fund (IMF) has revised the growth forecasts for the region upwards, placing the GDP advance at 3.7% for 2021 and a further tenth, on 3, 8%, by 2022. Precisely, the three destinations in Sub-Saharan Africa to which Extenda's trade ...

Source: Diariodealmeria