US, African businesses meet to promote trade, investment

The Corporate Council on Africa (CCA), supported by US corporations, African businesses, and global leaders from the private and public sectors, will host the 2007 US-Africa Business Summit in Cape Town, South Africa, Nov. 14-16, 2007.

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WASHINGTON, D.C. -- The Corporate Council on Africa (CCA), supported by US corporations, African businesses, and global leaders from the private and public sectors, will host the 2007 US-Africa Business Summit in Cape Town, South Africa, Nov. 14-16, 2007.

This year's summit is the CCA's sixth such event and the first to be held in Africa. More than 1,500 participants are expected to attend.

The summit provides a forum for global business leaders to discuss trade and investment opportunities in Africa, best practices, and how best to increase trade and investment in ways that will help engender sustainable growth, CCA says.

The 2007 Summit will feature business trade missions led by US organizations to nearly 30 African nations. The three-day summit will include sector-specific plenary sessions, workshops, business networking opportunities, and a two-day trade expo where businesses will showcase their products, services, and capabilities to potential buyers and customers throughout Africa. Sessions will focus on key sectors including, infrastructure development, mining, agribusiness, telecommunications, energy, transportation, and sports and tourism among others.

"US businesses have taken notice of the expanding interest in Africa by nations such as China, India, and Brazil and realize that to remain competitive they too must sustain their presence and investment on the continent," says Stephen Hayes, CCA president. "We are proud to host the Summit in Africa for the first time and overwhelmed with the response we've received from some of the world's premiere corporations and global leaders who understand the importance of both having this dialogue and taking advantage of the many commercial opportunities across a variety of commercial sectors that exist throughout Africa."

Corporations including Chevron, Merck, ExxonMobil, Boeing, 3M, Cargill, General Motors, Chrysler, Hewlett-Packard, Development Bank of Southern Africa, and Lazare Kaplan International plan to sponsor the event.

Industry experts predict that summit will bring largest delegation of US business leaders to Africa.

8/8/2007

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