More than 500 delegates, including heads of state and government, decision- makers, and leaders of industry from Africa, the Middle East and Asia are expected to participate in the Africa Islamic Economic Forum, which is scheduled to take place  by VIRTUAL on the 23rd – 24th November, 2020, under the theme:  Stimulating Africa’s Economic Growth through the Halal Economy.

AIEF 2020 is expected to become a large international platform for enabling the growth of Halal Economy throughout Africa.The goal of the Forum is to provide an international platform to deliberate issues, explore new ways, instruments and opportunities in Africa for the implementation of the United Nations Sustainable Development Goals in such areas as international trade, economics and technology, innovation and public-private partnership. The aim is to map the sectors and sub-sectors of the African Halal economy in order to understand what exists, where the value chain for each is concentrated, what possibilities exist to support and expand the varying sectors, as well as the emerging and informal, in order to maximize Africa’s potential for tapping into the USD$6 trillion plus Global Halal economy.

The event assumes huge significance as it helps connect vibrant Halal and Islamic finance industries in Africa, Asia and the Middle East. With more than ¼ of the world’s arable land, and Agriculture accounting for 32% of its GDP, and over 1.3 billion population with considerable purchasing power, Africa possesses an enviable Halal market, source of raw materials, and a tremendous untapped market potential in the global Halal market. In addition to the domestic market, Halal represents an important opportunity for African exporters to access overseas markets, especially in the Middle East and South East Asia as well as Europe.

AIEF2020 provides a unique opportunity to network across regions and countries to share information and experiences from the continent and to educate African Governments and the private sector about the broader global, regional and national opportunities which the Halal economy provides. Finally, it serves as a prime vehicle through which Africa’s public and private business sector and civil society active in the Halal economy sector can have a voice and a basis for partnership with international multilateral and funding agencies active in this space, as well as with continental, regional, national and local public authorities.

The Africa Village, an innovative concept to provide exhibition space and host AIEF sponsors, partners and featuring companies, Chambers of Commerce and Industries, National Investment and Export Promotion bodies will run along the side-lines of the Forum, and will also provide for all delegates the opportunity for speed dating, networking and informal one-on-one meetings. The Africa Village will also display the next generation of Islamic finance products, innovative solutions and the latest developments in the Islamic finance industry.