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Rabat — The 14th US-Africa Enterprise Summit 2022, which happened from July 19 to 22 in Marrakech, was successful, in accordance with the Ministry of Business and Commerce.
Contributors on this summit, organized below the Excessive Patronage of HM King Mohammed VI, have been capable of alternate throughout 3 days across the alternatives to strengthen industrial hyperlinks, funding and commerce between our continent and the US, stated the ministry in a press release.
This occasion introduced collectively senior U.S. and African authorities officers from greater than 50 international locations, 6 FMs and over 20 ministers representing completely different sectors, along with representatives of U.S. and African authorities businesses, funding and pension funds and worldwide and regional organizations.
The summit gathered greater than 1,500 contributors, 80% of which have been from the key U.S. and African enterprise communities and 40% of which have been girls.
The occasion was divided into 37 classes coping with problems with well being and meals sovereignty, innovation, new applied sciences, vitality and infrastructure, matters lined by greater than 200 representatives of nationwide and African media, the identical supply stated, in accordance with the identical supply.
This occasion, which was attended by greater than 450 U.S. financial operators together with Pfizer, Visa, Citi, Procter & Gamble, Chevron, Coca Cola, Google and main African teams, has achieved greater than 5,000 connections with many enterprise contracts signed.
This summit was a possibility for Morocco to consolidate its position as a bridge between Africa and the US and to encourage the development of a forward-looking African economic system, drawing energy from its integration into the worldwide system and worldwide worth chains.
The closing plenary of the occasion, organized below the theme “Constructing the Future Collectively,” offered a possibility to collectively mirror on the way forward for a promising continent in any respect ranges.
On this event, the Minister of Business and Commerce, Ryad Mezzour, emphasised the imaginative and prescient of His Majesty the King in adopting “a coherent and built-in coverage in the direction of our African brothers, primarily based on a joint funding of wealth, human improvement and strengthening financial cooperation.”
Regardless of a tough context stuffed with challenges and marked by the reconfiguration of the worldwide economic system, Africa has all of the property to be an energetic participant and higher combine into the worldwide worth chains and transformation.
African corporations have a key position to play and are referred to as upon to take business dangers to grab the alternatives supplied by a bigger market by increasing their manufacturing base.
“Our priorities as African international locations should be to place sovereignty on the coronary heart of all sector methods and to see it as a precedence for securing provide and employment. We should decide to encouraging native manufacturing, creating strategic reserves for sure key merchandise, and diversifying sources of provide for vitality and meals,” Mezzour stated.
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