U.S. Africa Business Summit Concludes in Washington, DC

30 June 2003
Content from a Premium Partner
Corporate Council on Africa (Washington, DC)
press release

Washington, DC — The fourth biennial U.S.-Africa Business Summit, hosted by the Corporate Council on Africa (CCA), was held June 24-27 in Washington, D.C. The Summit's theme was "Building Partnerships" between U.S. and African companies.

The Summit was the largest U.S.-Africa business conference ever held in the United States. The goals of the Summit are to promote foreign direct investment in Africa and facilitate trade between the U.S. and the African continent by identifying agents and distributors and building joint venture partnerships. Key private and public sector representatives with the common goal of increasing business ties between the U.S. and Africa will attend. Approximately 2,000 participants attended.

This year (2003)special emphasis was placed on linking small and medium sized enterprises. The scope of companies in attendance ranged from Fortune 500s to individually owned businesses. Over fifty workshops covered a broad range of topics related to business opportunities between the U.S. and Africa. Workshop tracts include Agribusiness, AGOA, Finance, Health Care, Oil & Gas, Transportation & Infrastructure and Travel, Arts & Entertainment as well as regional and country specific panels. To ensure that private sector partnerships are forged, an array of networking opportunities were available and facilitated as a crucial element of the Summit.

The Summit included a U.S.-Africa Trade Show featuring up to 120 booths. The diverse displays ranged from large U.S. corporations to local African handicrafts and everything in between. The exhibition introduced participants to opportunities for inter and intra-continental partnerships as well provide individuals with a meeting space to begin talks.

CCA, established in 1993, is a nonpartisan 501 (c) (3) membership organization of over 160 U.S. companies dedicated to strengthening the commercial relationship between the U.S. and Africa. CCA members represent nearly 85 percent of total U.S. private sector investments in Africa. CCA's website is at http://www.africacncl.org/.

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