The Canadian Council on Africa (CCAfrica) is pleased to announce the signing, today, of a Memorandum of Understanding (MOU) with Foreign Affairs, Trade and Development Canada to strengthen the contribution of the Canadian private sector to sustainable economic growth in Africa.
Canada’s Minister of International Development and La Francophonie, the Hon. Christian Paradis, signed the MOU while CCAfrica’s President and CEO, Mr. Jean Gauthier, represented the Council.
The Council and the Department work closely together in various fields and many of the Council’s initiatives and this MOU provide a tangible backing to this collaboration. We see the signing of this MOU as a further step in the development of the Canadian private sector contributing to the economic and commercial growth in Africa, something the two organizations support”, said Mr. Gauthier.
The signing of the MOU launches an enhanced collaboration that could include financial, technical and advisory support on initiatives of common interest in trade, investments, and development cooperation in Africa. This MOU is for an initial period of three years and may be renewed.
Various sectors of collaboration have already been identified and include partnerships between Canadian companies and African SMEs; knowledge and technology transfers; advancing Canada-Africa trade relations and improving the business operating environment in African countries. The Department and CCAfrica will also support the empowerment of women in Africa and focus on the role of women in and their support to Africa’s economic development. The MOU foresees various initiatives including CCAfrica’s hosting of “Canada-Africa Trade and Development Business Summits” as well as strategic initiatives promoting Canada’s objectives in Africa.