- The African Union is expected to have a significant presence at the US-Africa business conference to showcase its activities in the US and around the world.
This follows the AU Mission to the United States pledge to support and participate in the up coming Africa's Economic Emancipation Conference – AFREECON - event in Chicago, Illinois.
Ambassador Amina S. Ali, said the decision to participate in AFREECON was from the fact that increasing foreign direct investment flows to Africa is also a key goal of the African Union Mission in the United States and the African Union.
AFREECON is a business match making Conference created for: African businesses, governments and US goods and services exporters; companies who are doing business in African countries; investors who are seeking avenues for ground floor investment opportunities in African countries; companies who are seeking new areas of opportunity; as well as non-profits who are interested in an Africa that is comprised of countries that are thriving economically and managing their financial affairs successfully, without having to depend, in large part or wholly, on external aid.
According to the organisers of this extraordinary event, AFREECON is about sharing knowledge. Knowledge that will assist African countries to build a better "mouse trap" for attracting Foreign Direct Investments and achieving economic independence; as well as knowledge that will enable US companies and entrepreneurs to make well- informed decisions about business opportunities in African countries.
AFREECON aims to improve the flow of investment capital and knowledge to African countries, by helping African countries to build a better platform for marketing business and investment opportunities in their countries, to US and International investors and entrepreneurs. The programme also helps African countries evolve regenerative economic development strategies that are self-sustaining, through developing a strong entrepreneurial culture and empowering their citizens to respond to business opportunities in their communities, and helps to ensure that African countries become more sensitised to the damage caused by a reputation of poor governance practices.
afrol News - It is called "financial inclusion", and it is a key government policy in Rwanda. The goal is that, by 2020, 90 percent of the population is to have and actively use bank accounts. And in only four years, financial inclusion has doubled in Rwanda.
afrol News - The UN's humanitarian agencies now warn about a devastating famine in Sudan and especially in South Sudan, where the situation is said to be "imploding". Relief officials are appealing to donors to urgently fund life-saving activities in the two countries.
afrol News - Fear is spreading all over West Africa after the health ministry in Guinea confirmed the first Ebola outbreak in this part of Africa. According to official numbers, at least 86 are infected and 59 are dead as a result of this very contagious disease.
afrol News - It is already a crime being homosexual in Ethiopia, but parliament is now making sure the anti-gay laws will be applied in practical life. No pardoning of gays will be allowed in future, but activist fear this only is a signal of further repression being prepared.
afrol News / Africa Renewal - Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.
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