Why it matters:
The conference marks a critical juncture in Iran-Africa relations, with the potential to bolster both economic and political cooperation. As African nations strive for development and growth, Iran stands poised to act as a valuable strategic ally in this pursuit.
What they're saying:
Talking with the CEO of Industry and Mine Bank, Mohammad Reza Aref stated that Iran Expo 2025 is the most important institution that can pursue and organize the country's strategic goals in trade and exports.
Mahmoud Shayan, CEO of Industry and Mine Bank: The Bank of Industry and Mine has adopted a developmental and digital approach, initiating a new path to support production and exports. Since the start of Raisi administration, the bank has allocated over 241 trillion rials to 129 industrial and mining projects, creating more than 3,000 direct jobs in the country.
The bank's digital transformation project focuses on data management, risk management, and corporate banking. The necessary infrastructure for widespread digital services is set to be prepared by the spring of 2025, he added.
Key points:
- 500 capable domestic export companies were registered.
- Over 700 traders from 38 African countries have registered to participate.
- More than 50 high-level officials from 29 African nations have participated.
- 23 equipped halls were used in nearly 5,000 square meters of open space.
Four ministerial panels are scheduled with a focus on:
- Petrochemicals
- Mining and metals
- Agriculture and food industries
- Health and pharmaceuticals
Go deeper:
Tackling Trade Challenges, Unlocking Hidden Opportunities
seyed mohammad kazemi
