AFRICA THINKS HERE

On-the-ground business intelligence in Zimbabwe, since July 2017.

Building the Secretariat: IATFCO Closes In on a CEO as Afreximbank Commits US$28m in Harare

September 29, 2026

Trade fairs are easy to stage and hard to sustain. The continent has hosted plenty of headline events that drew crowds, signed memoranda and then dispersed, leaving little permanent machinery behind. The Intra-African Trade Fair has set out to avoid that fate by building something most events never acquire: a standing institution. With its permanent secretariat taking shape in Harare and a chief executive appointment expected soon, the Intra-African Trade Fair Company is converting a recurring event into fixed infrastructure — and Zimbabwe is supplying the ground it stands on.

From Event to Institution

The distinction between a fair and a secretariat is the distinction between an occasion and an operation. A secretariat carries the work that happens between fairs — matchmaking buyers and suppliers, following up on deals, curating exhibitors, and building the data and relationships that make each edition larger than the last. By finalising a permanent Harare secretariat, IATFCO is signalling that intra-African trade is to be managed continuously, not summoned every couple of years. That is the unglamorous work on which the AfCFTA’s promise ultimately depends.

The Afreximbank Commitment

The financial backbone comes from the African Export-Import Bank, which has committed US$28 million to the company, of which US$14.28 million has been deployed. The phased nature of that commitment is itself instructive: roughly half the funds released as the institution proves it can build. For an operator reading the numbers, the deployed tranche matters more than the headline figure, because it reflects capital matched to delivery rather than capital announced for effect. Afreximbank’s involvement also anchors the secretariat to a balance sheet with continental reach — a lender already structuring trade finance across the markets the fair exists to connect.

Zimbabwe’s Contribution: 600,000 Square Metres

Zimbabwe’s stake is physical. The country is providing 600,000 square metres of land near the airport for the development — a contribution that ties host-nation ambition to a specific parcel and a logistics advantage. Proximity to the airport is not incidental; an exhibition and trade hub lives or dies on the ease with which exhibitors, goods and delegations move in and out. Hosting the secretariat positions Harare as a permanent node in continental trade architecture rather than a one-time venue, with the attendant flows of visitors, services and business that a standing institution attracts.

The CEO Question

The missing piece is leadership. The CEO appointment is expected imminently, though the exact date is [TK]. The choice will set the institution’s tempo — whether the secretariat becomes an active dealmaking body or a passive administrative one. For a company tasked with turning a biennial fair into a continuous engine of intra-African commerce, the first chief executive inherits the job of proving the model works between the headlines.

For Zimbabwean firms, the practical question is whether a permanent trade institution on home soil translates into closer access to continental buyers and finance. A manufacturer in Bulawayo or an agro-processor in Mutare gains little from a fair that visits once and leaves; it gains a great deal from a standing body that keeps the buyer relationships warm year-round and routes Afreximbank-backed trade finance toward deals that would otherwise stall on working capital. The land is committed, the funding is flowing, and the leadership is pending. Trade fairs make news; secretariats make markets — and Harare has chosen to build the second.

By The Kufunga Desk

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