The AQAC is a wholly owned subsidiary of Afreximbank’s Fund for African Export Development (FEDA) and will help process African made goods of the highest quality thus strengthening their competitiveness and providing confidence to buyers and consumers alike.
This was revealed by the President and Chairman, the Board of Trustees, African Export–Import Bank, Afrixembank, Prof. Benedict Oramah when he spoke at the official commissioning of the Africa Quality Assurance Centre (AQAC) in Sagamu, Ogun State.
He stated: “Due to poor quality over $700 million worth of agro-produce are rejected from Europe alone. About 76 per cent of exports from Africa are rejected annually. We are working with a lot of organisations to create the framework for the harmonisation of standards across the continent”.
