Mauritius PM to Receive Marketplace Award

9 April 1999
Corporate Council on Africa (Washington, DC)

Washington — H.E. DR. Navinchandra Ramgoolam, Prime Minister Of The Republic Of Mauritius To Receive Global Marketplace Award 1999 "Attracting Capital To Africa Summit" April 24-28, 1999.

H.E. Dr. Navinchandra Ramgoolam, Prime Minister of the Republic of Mauritius, will address the 1999 Attracting Capital to Africa Summit on April 26 at the Houstonian Hotel in Houston, Texas.

"I believe that in the modern world the critical factors are good governance, good international competitiveness, good human resource development and broader economic space. Governments in Africa are becoming increasingly more democratic and responsive, putting more emphasis on economic development, greater openness and embracing market-oriented policies and greater economic freedom. We are indeed at the dawn of an African renaissance," said Dr. Ramgoolam.

Mauritius has been chosen as one of the recipients of the 1999 Global Marketplace Awards. These five awards are given biannually to countries that have opened their economies to the world market. Mauritius, a country eleven times the size of Washington, D.C. with a population of 1.1 million, has had a remarkable economic performance over the last decade with an average growth rate of six percent. Not only is its political, legal and economic systems are among the most advanced in the region, it boasts one of the highest per capita income. Its GDP is in excess of $3.5 billion. Other 1999 awardees will include Botswana, Ghana, Egypt, and Namibia.

The April 24-28, 1999 Attracting Capital to Africa Summit will bring together African Heads of State, senior U.S. decision-makers and private sector representatives from both continents for serious and candid discussions aimed at enhancing economic activity on the continent. Building on the momentum of the 1997 Attracting Capital to Africa Summit, which was the largest business meeting ever held on Africa in the U.S., the 1999 Summit will underscore the importance of Africa in the global economy.

Seven leading American businessmen will Co-Chair this Summit. They are Kenneth Derr, Chairman and CEO, Chevron; Ken Lay, Chairman and CEO, Enron; Lou Noto, Chairman and CEO, Mobil; Lee Raymond, Chairman and CEO, Exxon; Maurice Tempelsman, Chairman, Lazare Kaplan International, Inc.; Kase Lawal, Chairman, CAMAC Holdings; and Frank Kennedy, CEO and President, HSBC Equator Bank.

We urge to mark your calendar and participate in the 1999 Attracting Capital to Africa Summit, April 24-28, 1999, at the Houstonian Hotel, Club and Spa in Houston Texas. Registrations are being accepted through our website http://www.africacncl.org .

For more information on the Summit, contact For Press Information, contact David H. Miller Mary Swann Executive Director PublicRelations Director (p) 202-835-1115/(f)202-835-1117 (p) 202-835-1115/(f)202-835-1117 (e-mail) dhmiller@africacncl.org (e-mail) mswann@africacncl.org

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