By Kester Kenn Klomegah
After several negotiations, the Corporate Council on Africa (CCA) has finally launched its 14th US-Africa Business Summit from July 19 to July 22 under the theme ‘Building Forward Together’ and will be held in Marrakech (Morocco) in partnership with the Kingdom of Morocco and Africa50 (the pan-African infrastructure investment platform).
American investors are eager to explore several opportunities in the African Continental Free Trade Area (AfCFTA), a policy signed by African countries to make the continent a single market. The market, with an estimated population of 1.3 billion, requires all kinds of consumer products and new legislation stipulates the location of production within Africa.
Thus, the summit will further explore a renewed commitment by public and private sector actors to strengthen U.S. trade, investment, and business ties with Africa, emerging from the unprecedented health and economic challenges of the past two years.
With the AfCFTA aiming to boost trade from Africa, US investors are poised to adjust their initiatives and strike deals that go beyond the African Growth and Opportunity Act (AGOA). The Corporate Council on Africa helps potential investors pursue public-private partnerships that support American and African businesses, including small and medium-sized businesses owned and led by women.
The three-day summit will include plenary sessions and panel discussions highlighting key economic recovery strategies and will focus on a range of sectors and issues, including health and access to vaccines, trade, processing digital, infrastructure, financing, small and medium enterprises, tourism, women’s leadership and investment opportunities in various African countries.
The high-level dialogue is expected to set the stage to examine opportunities for U.S. and African public and private sector leaders, how to strengthen the U.S.-Africa economic partnership tied to large-scale investments in key sectors such as such as oil and gas exploration, new trade agreements and the review of the African Growth and Opportunity Act (AGOA).
The 14th U.S.-Africa Business Summit, the first major in-person U.S.-Africa gathering, will attempt to re-engage and collaborate since the start of the Covid-19 pandemic. The Corporate Council on Africa offers an exciting range of high-level discussions and panel discussions, networking opportunities and activities that will allow participants to meet face-to-face to engage on key economic issues between United States and Africa and restore important business. contacts that have not been possible in the past two years.
African heads of state, U.S. government and African officials, key CEOs and senior executives of U.S. and African companies operating in sectors contributing to Africa’s economic growth and recovery, including infrastructure, ICT, health, energy, mining and creative industries.
The US government report says the Biden-Harris administration is prioritizing economic relations with Africa. United States government and private sector leaders, as well as African political and business leaders, have worked consistently over these years to share their perspectives on critical issues and policies influencing the economic partnership between the United States and Africa. It will generate billions of dollars of investment in Africa, create new markets for American products, and create thousands of jobs for African and American workers.
According to the information made available, the guest speakers are Mokgweetsi EK Masisi, President of Botswana; Filipe Nyusi, President of Mozambique and Nana Akufo-Addo, President of Ghana. Participants will participate in high-level national roundtables, panels and forums, with many opportunities to network with business leaders and governments to develop new business partners. The exhibition center will allow organizations to amplify their brand and showcase their business to executives and the investment community.
During the summit, Africa50 in partnership with the Corporate Council on Africa will organize a series of discussions dedicated to investing in infrastructure in Africa. Sessions will include a presidential dialogue; a roundtable on ways to mobilize capital from institutional investors to finance infrastructure projects; a session on opportunities to increase public-private partnerships in the power transmission sector; and a panel on technology infrastructure.
Speaking about this partnership, CEO Alain Ebobissé said, “We are delighted to partner with the Corporate Council on Africa for this important event which comes at a crucial time, as the continent faces unprecedented external shocks and recovers. of the Covid-19 pandemic. Strong, innovative and bold responses are needed to accelerate recovery while promoting sustainable and climate-resilient growth and infrastructure will play a key role.
The Kingdom of Morocco, the host organizer, reassured to facilitate, within the framework of the corporate summit, group visits and visits to Marrakech and other Moroccan cities for special guests. As the only African country with a Free Trade Agreement (FTA) with the United States, a major investor in Sub-Saharan Africa, and successes to showcase in penetrating major global manufacturing ecosystems (including aviation , agri-food and automotive), Morocco has a lot to do. showcase around the areas of increasing intra-African trade as well as improving trade, investment, and commercial relations between the United States and Africa.
With more than 1,000 American and African private sector executives, international investors, senior government officials and multilateral stakeholders expected to attend the summit during the peak Marrakech season, attendees are strongly recommended to register early.
The Corporate Council on Africa is extremely grateful for the excellent partnership of the Kingdom of Morocco as host of the summit and Africa50 partner as well as the sponsors of the summit, including Royal Air Maroc (the official airline of the summit), Axxess, Groupe Jean Boulle, Pfizer, Visa, USP, Amazon, Gilead, Trimble, IHS Towers, Trade and Development Bank, Acrow Bridge, Trinity Energy, Citi, Flutterwave Inc., P&G, DLA Piper LLP, Attijariwafa Bank, Maroc Telecom, Creative Associates, Google, CrossBoundary and Frontier Bridge.
The media partners of the 35°Nord summit, All Africa, Jeune Afrique and the African Media Agency. Without their cooperation, support, and generosity, this year’s U.S.-Africa Business Summit would not be possible. The Corporate Council on Africa (CCA), a leading and reputable U.S. business association, continues to facilitate the growth and enhancement of U.S.-Africa trade, investment, and business engagement that support the prosperity of the United States, its African and American and African partners. businesses and people.