Conference to Identify and Enhance Investment Opportunities to Promote Business Growth Between Utah and African Businesses
SALT LAKE CITY—August 2016—The African Chamber of Commerce of Utah (ACCU) is a trade and investment promotion organization whose mission is to enhance mutual partnership, trade and investment with Africa. This year’s conference will take place in the Founders Room at Zion’s Bank on August 26, 2016 at 8:00 a.m. to 2:30 p.m. Networking is opened till 4:00 p.m.
As part of this year’s African Day Business Conference, successful business leaders in Africa have been invited to share their experiences as well as their perspectives on how foreign nationals can grow their business in Africa. Among other speakers are former US ambassadors of the various African countries who have and who are currently doing business in Africa in the fields of energy, health, education, manufacturing, agricultural and commerce. Speakers include Congressman Jason Chaffetz, Val Hale, Executive Director of the GOED, Derek Miller, President and CEO of the World Trade Center of Utah, Justine Harding Governor’s Chief of Staff, Kirk L. Jowers VP of Corporate Relations at doTERRA, and among others.
Participants will receive expert business counseling, referrals, resources for information on various trade missions in Africa. They will also participate in learning opportunities, business development and networking prospect through the Chamber’s events. The cost of attendance vary.
Free for Members of the Chamber
$45 for ACCU membership and General Admission
$35 for non members General Admission
$15 for students General Admission (Student ID Required)
Friday, August 26, 2016 from 8:00 AM to 2:30 PM (MDT) WHERE
Founders Room – One South Main Street 18th Floor, Salt Lake City Utah, 84133, United States
U.S. Secretary of Commerce Penny Pritzker delivered opening remarks at the U.S.-Africa Business Forum, a day focused on trade and investment opportunities on the continent. In her remarks, Secretary Pritzker stated that the U.S.-Africa economic relationship is fundamental to our mutual peace and prosperity. She discussed the work that the Commerce Department is doing to advance President Obama’s vision for the future of U.S.-Africa relations, including expanding the Foreign Commercial Service presence across the continent. She announced that the Department of Commerce and the U.S. Trade and Development Agency will lead 10 new trade missions to Africa and 10 reverse trade missions to the United States by 2020.
She also announced the start of NIST’s Global Cities Challenge to catalyze the development of “smart cities,” as well as the launch of a new web portal for American businesses to explore opportunities in Africa. We want to make doing business in Africa easier for every business. Noting that increased trade and investment in Africa will spur growth on both sides of the Atlantic, Secretary Pritzker expressed her hope that the business and government leaders will keep the U.S.-Africa partnership open for more growth and success.
She cited some key successes since her trade mission to Ghana and Nigeria by stating the following:
“Investing in Africa will create jobs in Charlotte, North Carolina, and expand the power supply in Ghana because of the
$175 million deal signed by SEWW Energy to upgrade Africa’s electricity grid, a direct result of our recent trade mission.”
“Investing in Africa will support workers in California, and strengthen the health of patients in Nigeria because of the
MOU signed by Environmental Chemical Corporation to construct a state-of-the-art cancer institute in Ibadan.”
“Investing in Africa will spur job growth in Cincinnati through Procter & Gamble’s $300 million investment in a new
manufacturing plant near Lagos; because when P&G expands in Nigeria and elsewhere, it supports thousands of jobs at
These deals and investments demonstrate that the time is right to work together as partners in a spirit of mutual understanding and respect, to raise living standards in all of our nations, and to address the challenges that impede our ability to develop closer economic bonds. Our economic and commercial partnership is two-way street. Goods and services, exports from the United States to African markets, support roughly 250,000 jobs here in the US. As Africa’s middle class continues to expand, we hope to see our export numbers grow, too.
World Trade Center Utah, in partnership with the Governor’s Office of Economic Development, the Salt Lake Chamber of Commerce and the African Chamber of Commerce of Utah, is delighted to welcome the deputy governor, county secretary and director of socio-economic planning of Makueni County in Kenya, who will be joining us for a breakfast at the World Trade Center Building in Salt Lake City on Wednesday, August 12, 2015 from 9 to 10:30 a.m.
We would like to invite the Utah business community and education leaders to join us. The delegation is in Utah to explore business opportunities, governance and development with the state.
Due to high demand for the breakfast, seating is reserved for attendees currently or considering doing business in Kenya. To this end, please indicate your interest in attending the breakfast by submitting your information through the request form. If WTC Utah is able to confirm your seat you will be notified via email. Please note that your registration is not confirmed until you receive this email.
In 2008, the United States signed Trade and Investment Framework Agreements (TIFA) with the East African Community (EAC), and with the Common Market for Eastern and Southern Africa (COMESA) in 2001. Kenya is a member of both regional organizations. The African Growth and Opportunity Act qualifies Kenya for preferential trade benefits. The Office of the United States Trade Representative Africa Office is leading efforts to forge a new trade and investment partnership with the East African Community. The United States exported $651 million to Kenya in 2013 increasing 14.5 percent from 2012. The top U.S. export categories to Kenya include aircraft, machinery, optic and medical instruments, electrical machinery and cereals. In 2013, U.S. exports of agricultural products to Kenya totaled $81 million and the U.S. had a goods trade surplus of $201 million, increasing 11.9 percent from the previous year. The U.S. and Kenya belong to a number of the same international organizations including the World Trade Organization, United Nations, World Bank and International Monetary Fund.
Come listen to:
Dr. Merrill J. Bateman (Former President of Brigham Young University, Presiding Bishop and Presidency of the Seventy of the Church of Jesus Christ of Latter-Day Saints);
Dr. Kelly Matthews – A seasoned Chief Economist
Panel Discussion of experts doing business in Africa
Meet panel members who have done and are doing business in Africa
Seven out of the Ten fastest growing economies are in Africa
The African Chamber of Commerce of Utah (ACCU), a 501(c)6 which was recently established as the go-to center for African business when it comes to doing business in the strong emerging economies on the African continent will launch its activities and engagement in Utah on September 6, 2013. This business event will be in conjunction with the Governor’s Office of Economic Development and the World Trade Center “Doing Business in Africa” event.
The goal of the Africa Chamber of Commerce of Utah is to bring more transparency and genuine business transactions between businesses and organizations in both Utah and Africa seeking mutual business interests. The new emerging African economies have shown resilience in the light of a global down-turn, and registering growth that are impressive, e.g. Nigeria sustained 7 percent economic growth within the last 10 years, Angola’s economy has been expanding at about 15 percent, and Ghana which grew at a rate of 13 percent in 2011 is now at an 8 percent growth. South Africa is still a business leader on the continent and has seen a very sustainable growth with a GDP of over $400 billion in per capita income. There are other countries like Ethiopia, Tanzania, and Uganda in the sub-Saharan regions that are laying a consistent ground work for economic take-off.
“The need to execute with informed partners is critical in doing business in Africa. The African Chamber of Commerce of Utah is positioned to enable such partnership. Africa is positioned for sustainable growth as it builds the growing middle class” says the Chairman of the Board of Director Mr. Thomas Appiah CEO of Appiah Consulting Team International Inc.
The International Monetary Fund’s (IMF) World Economic Outlook released in October 2012, indicated that 11 of the world’s 20 fastest-growing economies are in Africa, and this booming economic growth has helped create the fastest-growing middle class in the world.