Wednesday, May 22, 2013
   
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CCA Gives Reason For Organising US/Africa Infrastructure Conference

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The Corporate Council on Africa (CCA) has given a reason for organising this year’s US/Africa Infrastructure Conference themed “Foundation for Economic Growth.”

The President and the Chief Executive Officer of the Council, Mr Stephen Hayes, said in the conference at the Washington Marriot Wardman Park Hotel, Washington DC that the council was seeking to “bring together US businesses and African governments, especially bridging the gap between opportunity and investment.”

Hayes said infrastructure in Africa was not “just about roads and bridges, rather, the centre of Africa’s development needs and plays pivotal role in the success of all business investments throughout the continent.

This year’s conference focused on energy and renewables, transportation, water, ICT and relevant capacity building for successful building for successful development.

The CEO said that the council, established in 1993, was at the “forefront of strengthening and facilitating the commercial relationship between the United States and the African continent. CCA works closely with governments, multilateral groups and business to improve the African continent's trade and investment climate, and to raise the profile of Africa in the US business community.”

Hayes added that “CCA members believe that Africa's future success depends upon the ability of its entrepreneurs and business people to create and retain wealth through private enterprise. American corporations and private individuals can contribute most effectively by building partnership and reaching out to the African private sector in the areas that America knows best: private enterprise, investment capital, technology transfer and management.

“CCA programs are designed to bring together potential business partners and raise Africa's investment profile in the US by developing critical contacts and business relationships and providing a forum for the exchange of information and ideas.”

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