Facebook with Latestnigeriannews  Twieet with latestnigeriannews  RSS Page Feed
Home  |  All Headlines  |  Punch  |  Thisday  |  Daily Sun  |  Vanguard   |  Guardian  |  The Nation  |  Daily Times  |  Daily Trust  |  Daily Independent
World  |  Sports  |  Technology  |  Entertainment  |  Business  |  Politics  |  Tribune  |  Leadership  |  National Mirror  |  BusinessDay  |  More Channels...

Viewing Mode:

Archive:

  1.     Tool Tips    
  2.    Collapsible   
  3.    Collapsed     
Click to view all Entertainment headlines today

Click to view all Sports headlines today

African Business Council (AfBC) emerges as united voice of the continent's private sector in support of the African Continental Free Trade Area (AfCFTA)

Published by APO Africa Newsroom on Sun, 22 Nov 2020


Download logoThe African Union (AU) saw the introduction of the African Business Council (AfBC) through the delivery of a Side Event held on the margins of the 2020 African Industrialization Week (AIW). The Side Event which focused on the Introduction of the AfBC and Its Role in Africas Industrialization was led by the Interim Chairperson of the AfBC, Dr. Amman Asfour.In her statement, the Interim Chairperson stated that it has been the collective desire of the AU Commission, the Coalition for Dialogue on Africa (CoDA) and Africas private sector stakeholders to see the AfBC become a reality. She added that given that the success and operations of the AfCFTA depend heavily on the private sector, its architecture has always made provisions for the establishment of an African Business Council as a necessary continental platform for aggregating and articulating the views of the private sector.The Interim Chairperson went on to outline the mission of the AfBC which is to be the premier advocacy platform for private sector cooperation and engagement at the continental level while strengthening economic and investment ties among the business communities of the continent and particularly, ensuring regular inclusive dialogue with the African Union. As part of its objectives, the council will advocate for business interests of the African private sector; promote trade, industrialization, and investment in Africa, and between Africa and the rest of the World. In addition to this, it will also support and empower the participation of SMEs, women and youth in the African and global economy.The Interim Vice-Chairperson of the AfBC, Eng. Mansur Ahmed was actively present during the event and spoke meticulously on cultivating Partnerships for Africas Industrialization. Representing the continents private sector, Eng. Ahmed El Sewedy, President and CEO of El Sewedy Electric and Mr Marday Venketasamy, Chairperson of the COMESA Business Council also spoke on Investing in Africas Industrialization and Promoting a conducive Environment for Africas Industrialization respectively.The next key step of the AfBC is its planned interaction with African Ministers responsible for Trade, Investment and Industry where it will represent Africas private sector in engagements on the Start of Trading under the AfCFTA.As part of the efforts towards establishing the AfBC, several African private sector entities, business associations and institutions as well as regional business councils have been working together under the facilitation of the African Union Commission and the CoDA throughout the year to establish the Council. Throughout the year, various stakeholders held several meetings the Council and ultimately developed its Constitution as well as an Interim Executive Bureau which will lead it until the holding of its first General Assembly.In line with its constitution, membership in the AfBC shall be open to national, regional and continental private sector organizations/associations. The AfBC will serve as a key pillar within the architecture of the AfCFTA by ensuring there is organized interaction between the Pan-African Private Sector and African Policymakers.Distributed by APO Group on behalf of African Union (AU).
Click here to read full news..

All Channels Nigerian Dailies: Punch  |  Vanguard   |  The Nation  |  Thisday  |  Daily Sun  |  Guardian  |  Daily Times  |  Daily Trust  |  Daily Independent  |   The Herald  |  Tribune  |  Leadership  |  National Mirror  |  BusinessDay  |  New Telegraph  |  Peoples Daily  |  Blueprint  |  Nigerian Pilot  |  Sahara Reporters  |  Premium Times  |  The Cable  |  PM News  |  APO Africa Newsroom

Categories Today: World  |  Sports  |  Technology  |  Entertainment  |  Business  |  Politics  |  Columns  |  All Headlines Today

Entertainment (Local): Linda Ikeji  |  Bella Naija  |  Tori  |  Pulse  |  The NET  |  DailyPost  |  Information Nigeria  |  Gistlover  |  Lailas Blog  |  Miss Petite  |  Olufamous  |  Stella Dimoko Korkus Blog  |  Ynaija  |  All Entertainment News Today

Entertainment (World): TMZ  |  Daily Mail  |  Huffington Post

Sports: Goal  |  African Football  |  Bleacher Report  |  FTBpro  |  Kickoff  |  All Sports Headlines Today

Business & Finance: Nairametrics  |  Business Insider  |  Forbes  |  Entrepreneur  |  The Economist  |  BusinessTech  |  Financial Watch  |  BusinessDay  |  All Business News Headlines Today

Technology (Local): Techpoint  |  TechMoran  |  TechCity  |  Innovation Village  |  IT News Africa  |  Technology Times  |  Technext  |  Techcabal  |  All Technology News Headlines Today

Technology (World): Techcrunch  |  Techmeme  |  Slashdot  |  Wired  |  Hackers News  |  Engadget  |  Pocket Lint  |  The Verge

International Networks:   |  CNN  |  BBC  |  Al Jazeera  |  Yahoo

Forum:   |  Nairaland  |  Naij

Other Links: Home   |  Nigerian Jobs