Trade Expo Africa (TEXA) is the 1st African B2B trade show, dedicated to African business owners & business professionals. It was established to showcase African Small Medium Enterprises (SMEs) operating in the United States of America (USA) and other African Countries. Participating SMEs may be based in the U.S. or their home country. TEXA also aims to boost export opportunities in Africa by leveraging on The African Growth and Opportunity Act (AGOA), which is a United States Trade Act, enacted on 18 May 2000 as Public Law 106 of the 200th Congress. The purpose of this legislation is to assist the economies of sub-Saharan Africa and to improve economic relations between the United States and these regions with the possibility of exporting qualifying products into the USA duty free.
Other side attractions include:
- Enterprise Showcase Segment;
- Business Clinic Sessions;
- Cocktail & Networking;
- Fashion Show.
This exhibition will be hosted in Houston, Texas on the 25th – 27th May, 2018 at the Hyatt Regency, 1200 Louisiana Street Houston, Texas, USA, 77002.
African governments need to integrate entrepreneurship more fully into their industrialization strategies (African Development Bank, 2017). Foreign direct investment, attracted by the continent's emerging markets and fast urbanization, stood at USD 56.5 billion in 2016 and is projected to reach USD 57 billion in 2017. Africa is the world's second largest and second most populous continent, with the youngest population compared to other continents. The key to successful development in Africa is to nurture the emerging culture of entrepreneurship and the continuous empowerment of regional SMEs. Roughly 31% of U.S. exports to Sub-Saharan Africa went to South Africa in 2015, and 19% to Nigeria. The top U.S. export markets in Sub-Saharan Africa for 2015 were: South Africa ($5.5 billion), Nigeria ($3.4 billion), Ethiopia ($1.6 billion), Angola ($1.2 billion), and Kenya ($937 million). While this impacts the U.S. economy significantly, it is imperative to create platforms that in return will boost African economies, promote bilateral trade with the U.S., and increase trade relations amongst African Countries.