Organization of Africa Unity Investment Forum

Cairo, Egypt, 22 - 24 April, 2002


Egypt's Minister of Foreign Trade, Youssef Boutros-Ghali, Ghana's Deputy Minister of Trade, Akwesi Osei-Adjei and Assistant Secretary General of the Organization for African Unity/African Union (OAU/AU), Laurence Agubuzu were among participants at the OAU's first Investment Forum, held in Cairo, Egypt, in conjunction with the 8th All-Africa Trade Fair (22-30 April 2002). In addition to the 50 Industrial Investment and Technology Project Profiles (IITPPs) from seven African countries promoted at the Forum, UNIDO and Investment Technology Promotion Office (ITPO) Bahrain held a workshop on Industrial Promotion, presenting UNIDO?s services and methodologies. In his closing speech, OAU Assistant Secretary- General Agubuzu expressed an interest in the Investment Forum becoming a permanent feature of the Trade Fair.

A UNIDO a booth was set-up at the Trade Fair to combine meetings on the IITPPs with ad-hoc presentations on the Organization?s activities and services such as UNIDO Exchange to Trade Fair participants. The response to the IITPPs was higher than usual for such events. Especially encouraging was the experience of ITPO Delegate Peter Ankrah, from Ghana Investment Promotion Center (GIPC), who attended the event within the framework of the UNIDO Integrated Programme for Ghana and presented Ghana?s investment climate and opportunities to a large audience. Delegate Ankrah made several promising contacts. In particular, an Egyptian company has shown great interest to pursue discussions on the possibility to develop a project (manufacturing and commercialisation of cutlery) worth US$5 million.

The Forum provided an opportunity to further develop already established or new contacts with various institutions that expressed their serious interest for closer cooperation with UNIDO such as: JETRO (Cairo); Communauté des États Sahelo ? Sahariens; the Industrialization Fund for Developing Countries (IFU) ? Danish International Investment Funds; the Arab Bank for Economic Development in Africa (BADEA); the Cairo-based export-import financier, AFREXIM BANK; African Telecommunications (ATU); and ACDI ? VOCA, a private, nonprofit organization that promotes broad-based economic growth and the development of civil society in emerging democracies and developing countries

More Info:

Patrick Gilabert,
Tel: +43 1 26026/6414
E-mail: P.Gilabert@unido.org

Source: UNIDO