Access Bank Plc has announced plans to host its inaugural Africa Trade Conference to address the $81bn annual trade finance gap on the continent.

This was revealed in a statement on Wednesday.

The conference, themed “Empowering Africa Through Trade, Innovation, and Sustainable Growth,” is set to take place in March in Cape Town, South Africa.

With Africa facing an $81bn annual trade finance gap, the conference will focus on overcoming the challenges that hinder trade, especially for SMEs and local firms.

It aims to foster collaboration among key stakeholders and explore innovative solutions, sustainable trade practices, and strategies to integrate African economies into global value chains.

The Group Managing Director/Chief Executive Officer of Access Bank Plc, Roosevelt Ogbonna, emphasized the significance of the Africa Trade Conference in tackling these critical challenges.

He said, “The Africa Trade Conference represents a crucial step in redefining Africa’s trade potential. By creating platforms for dialogue, innovation, and actionable solutions, Access Bank is enabling African businesses to connect and thrive in the global economy.”

Access Bank’s presence in 24 countries globally, including 15 in Africa, gives it a unique advantage in facilitating both inter- and intra-African trade. The bank’s expanding network positions it as a key player in addressing trade challenges and promoting inclusive growth across the continent.

Executive Director, African Subsidiaries, Access Bank, Seyi Kumapayi, in his comments, highlighted the broader vision of the forum, saying, “The Africa Trade Conference is a platform to not only address Africa’s trade challenges but to champion the continent’s opportunities. Through strategic partnerships and tailored financial solutions, built on the ethos of sustainability, we are paving the way for Africa’s businesses to take their place on the global stage.”

This flagship event will bring together a distinguished group of seasoned speakers and top executives from leading international banks, development finance institutions, and industry leaders across Africa.

The ATC will also highlight the transformative potential of the African Continental Free Trade Area, which seeks to reduce trade barriers, improve infrastructure, and integrate African economies into global trade networks.