AU Commission in bid to promote African business ties with US

Kampala- Uganda (PANA) -- African Union Commission (AUC) Chairperson Jean Ping an d the Corporate Council on Africa (CCA) Board Chairman Michael Dignam have signed a Memorandum of Understanding (MOU) to strengthen the longstanding partne rship between the two organisations.
Speaking at the signing, on the margins of the African Union Summit under way he re, Ping remarked that the MOU provides a platform and structure for enhanced co o peration and collaboration on issues of mutual interest.
The agreement complements ongoing efforts of the AUC to improve the business cli mate on the continent by promoting new opportunities to American investors.
Activities to be undertaken in light of this agreement would first focus on infr astructure, financing, agriâ?business and healthcare, though other areas would a lso be explored, the AUC said.
Additionally, CCA will assist the AUC in the creation of a new Pan-African Chamb er of Commerce.
The signing of the deal marks the culmination of a series of consultations that began earlier this year.
In April, CCA hosted the leadership of the AUC in Washi n gton, D.
C.
, followed by a CCA visit to Addis Ababa, Ethiopia.
In their discussions, trade policies of mutual benefit for both the US and its A frican partners featured prominently.
Now CCA becomes the first American busines s organization to take steps towards realizing this vision through formal engagement with the A UC.
Also present at the signing ceremony were CCA Board Member Jeff Hoffman and CCA East Africa Director and new Liaison Officer to the African Union, Asfaw Alemaye h u, as well as US Ambassador to the AU Michael Battle.
Established in 1993, CCA is at the forefront of facilitating the commercial rela tionship between the United States and the African continent.
CCA programmes are designed to bring together potential business partners and ra ise Africa's investment profile in the US by developing critical contacts and bu s iness relationships and providing a forum for the exchange of information and ideas.

27 july 2010 12:44:00




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