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18.05.2012 Business & Finance

First meeting of top African companies slated for November

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Hohoe, May 18, GNA - A press conference to launch the African CEO Forum slated for November 20-21, would be organised at the AfDB Annual meetings in Arusha, Tanzania between 28 May and 1 June 2012.

The African CEO Forum (ACR) expects to attract some 300 CEO's from all over Africa, together with 100 bankers and investors and numerous decision-makers from Africa's public sector.

It is the first international conference for leaders of top African companies and high-level executives of large African companies.

This was contained in a press statement, made available to the GNA by the African Press Organisation on Friday.

It said after more than a decade of uninterrupted growth, Africa now stands as one of the most promising economic zones of the world, set against the background of general crisis in Europe and the United States.

“Success stories are happening all the time, and new entrepreneurs emerging just as frequently – motivated by a desire to conquer new markets beyond their borders and the continent.”

It would bring together entrepreneurs, investors, financial decision-makers, and policy-makers to promote the success of the African private sector, providing a platform for public-private dialogue and high-level strategic solutions to support the development of company and its African markets.

For Donald Kaberuka, President of the African Development Bank, co-organiser of the event, the ACF fits perfectly into the AfDB's mission, which is to foster an environment, conducive to business and private sector development.

It would, he says, "highlight the initiatives of African enterprises, allow entrepreneurs to share their experiences, and promote regional and intra-African trade."

Several leaders of the largest African companies are confirmed as participants. Examples include Aliko Dangote, CEO of Nigeria's largest industrial conglomerate; Jean-Louis Billon, president of Sifca, Cote d'Ivoire's largest private employer; Issad Rebrad, CEO of Cevital, the largest private group in Algeria; Terrab Mostafa, CEO of the Moroccan company, OCP, the world's largest exporter of phosphates, and Mark Cutifani, who heads the South African mining group, AngloGold Ashanti.

It said Leaders of major international groups, who have also announced their attendance at the Geneva meeting include, as Tidjane Thiam, CEO of top British insurance group, Prudential, and Sunny Verghese, CEO of Olam, the multinational agribusiness based in Singapore.

“All are in support of the launch of the first forum for the African private sector. They will be sharing experiences and contacts, and considering how African businesses could develop and contribute to the economic growth of the continent.”


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