The Diplomatic Society

 
  • Increase font size
  • Default font size
  • Decrease font size

U.S.- Africa Institutional Investor Roadshow

12 October 2015 

The Commissioner for Trade and Industry  of the African Union (AU), Mrs. Fatima Haram Acyl, represented, the Commission on September 29, 2015 in New York in the launch of the U.S.-Africa Institutional Investor Roadshow.

Co-hosted by the U.S. Department of Commerce and McKinsey & Company, Inc , the U.S. - Africa Institutional Investor Roadshow, which was chaired by U.S. Under-Secretary of Commerce for International Trade Mr. Stefan Selig, witnessed the participation of their Excellencies Hailemariam Desalegn and Anerood Jugnauth, respectively Prime Minister of Ethiopia and Mauritius, government representatives of Kenya, Mozambique and Cote d’Ivoire and business delegations from African countries and U.S investment firms. In-depth presentations about the investment climate and key infrastructure development projects were made by each African delegation.

In her remarks at the high level segment of the dialogue among heads of delegations and U.S. CEO’s, Commissioner Acyl underscored the importance of convening such an event in order to improve the perception of doing business in Africa, address the obstacles that stand before the enhancement of U.S. investment in the Continent and highlight the tremendous opportunities Africa offers in infrastructure.

Commissioner Acyl indicated that Africa faces an imperative for structural transformation needed to ensure economic growth and the creation of sustainable jobs that will improve the wellbeing of our people. She added that the AU is looking for partnerships that can support the continent’s structural transformation, in line with Agenda 2063 and its 10 Year Implementation Plan. In this regards, American institutional investors can be key partners through private sector investments to facilitate innovation and technology transfer.

Highlighting the AU leading efforts to enhance regional economic integration in the continent, Commissioner Acyl underscored that the establishment of the Continental Free Trade Area by 2017, one of the flagship projects of Agenda 2063, will contribute significantly in accelerating growth of intra-Africa trade and use trade more effectively as an engine of development.  It will also provide a good incentive to invest and partner in Africa.

Commissioner Acyl also made reference in her intervention to the extension of the African Growth and Opportunity Ac till 2025, which will provide certainly and predictability to U.S- Africa economic partnership and ensure that the flow of trade and investment is occurring in a reliable and secure basis.

It is worth mentioning that the Institutional Investor Roadshow concept originated at the 2014 U.S.-Africa Business Forum in recognition of the need many African countries have for long-term, smart, private capital investment to build major infrastructure. In April 2015,  President’s Obama Advisory Committee on Doing Business in Africa  submitted the Roadshow as an official recommendation to the U.S President as a new pathway to improve doing business in Africa.   

The Institutional Investor Roadshow program will include a series of events to be held throughout Africa.

African Union Commission

 


 
 
 
 

_________________________________________________
_________________________________________________

Translater


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

6th African Film Week in Athens 13 March 2017 The 6th African Film Week taking place in Greece, brings to the big screen charming images from the African Continent: Urban legends, exoticism from... <|> Early warning centre for South Africa and Nigeria 14 March 2017 South Africa and Nigeria have agreed to establish an early warning centre to help mitigate and monitor possible threats and violence... <|> Abron Band from Iran share peace with music at Tsarogaphoka Primary School by Kgomotso Kgoale 14 March 2017 Kgwebong Consulting, an Organisation Development company that is dedicated to the... <|> Arctic Council at 20: Making a Difference Regionally By Srimal Fernando, Global Editor, The Diplomatic Society  We all know the temperatures are rising in the Arctic twice as fast as the... <|> Marrying of two iconic World Heritage Sites: South Africa’s Robben Island and Mauritius’ Le Morne Cultural Landscape 20 March 2017 Robben Island World Heritage Site (RIWHS) and Le Morne... <|> Easing travel regulations between South Africa and Kenya 3 May 2016 South Africa and Kenya have announced measures that will make travelling between the two countries easier. South African Home... <|> Freedom Park pays tribute to Sweden 21 March 2017 Human Rights Day is a significant day to South Africans for remembering not only the 69 people, who were killed during the Sharpeville Massacre,... <|> The SADC We Want 19 March 2017 President Jacob Zuma was among the regional leaders who participated in the Southern African Development Community (SADC) Extraordinary Summit of Heads of State and... <|> Coschem Creativity Award presented to Surinamese... <|> The Smurfs and the United Nations: Teaming up for a happier, more peaceful and more equitable world 20 March 2017 The popular Smurfs characters are encouraging children, young people and adults to... <|>
© copyright 2011-2017| The Diplomatic Society| All Rights Reserved.