US-Africa Business Summit 2022: a successful event

The Ministry of Industry and Trade assured that the 14th edition of the US-Africa Business Summit 2022, which took place from July 19 to 22 in Marrakech, was crowned with success.

In the presence of senior American and African government representatives from more than 50 countries, 6 foreign ministers and about twenty African sector ministers, American and African government agencies, investment and pension funds, international organizations and regional, the participants in this summit were able to discuss for 3 days around opportunities to strengthen industrial, investment and trade links between our continent and the United States, the ministry said in a press release.

The summit, which brought together more than 1,500 participants, 80% of whom were made up of major American and African business communities and 40% of whom were women, was divided into 37 sessions dealing with issues of health and food sovereignty, innovation, new technologies, energy and infrastructure, themes covered by more than 200 representatives of national and African media, the same source said. This event, which was attended by more than 450 American economic operators including Pfizer, Visa, Citi, Procter & Gamble, Chevron, Coca Cola, Google and major African groups, recorded more than 5,000 contacts with numerous contract signatures. business.

This summit was an opportunity for Morocco to overcome its role as a link between Africa and the United States and to encourage the construction of a forward-looking African economy, which draws its strength from its integration into the global system and international value chains.

Organized around the theme “Building the future together – the future”, the closing plenary of the event offered the opportunity to reflect collectively on the future of a promising continent at all levels.
Despite a difficult context full of challenges and marked by the reconfiguration of the international economy, Africa has all the assets to be an active player and better integrate into global value and processing chains.

African companies thus have a key role to play and are called upon to take commercial risks to seize the opportunities offered by a larger market by expanding their manufacturing base.

.

Leave a Comment