BENEFITS 


One of the key benefits of the AABF is that it provides a platform for instantly and effectively matching companies from within the same industrial sectors, or across the same value chain, with a view to optimizing the potential opportunities available for business accords between them.

Another benefit is the potential for better intra-African, intra-Asian and Afro-Asian business partnerships, given the raw materials and labour available in the regions which could form the basis for a lot of low-cost, export-oriented businesses. Leverage of these relationships would no doubt provide ammunition for more productive and longer lasting forays into the global economic market.

For the companies involved, a powerful incentive is the direct effect on their financial bottom line, from potential agreements, along with the greater exposure through memberships of global trade organizations. Some of the greatest successes from the AABF, at company level, have been the following:

  • A joint venture between Kahawa Sukari Ltd, Kenya and M. K. International, Korea to the tune of USD 25 million over the next few years, on several building construction projects.

  • Another joint venture between Shelys Pharmaceuticals Ltd, Tanzania, and Pharmaniaga Berhad, Malaysia, also to the tune of USD 25 million over the next few years, for the manufacture, marketing and distribution of pharmaceutical products on the East African corridor.
A more extensive list of these agreements can be found under the AABF II MOU agreements.

For the countries involved in the AABF, the benefits include a boost to the local economy, as well as a sustained improvement on their social and economic agenda.

 

Sponsored and
Organized by
   
Govt. of Japan
Foreign Affairs
UNDP/SU/TCDC
United Nations Development Programme. Special Unit
   
SU/TCDC
Special Unit for Technical Cooperation among Developing Countries
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