News

Prior to the exhibition of the South-South Cooperation to be held from April 14 to 18, 2010 at Vitib (Village of Information Technology and Biotechnology) in Grand-Bassam, the cabinet Africa Invest Concept SA held on Monday 8 March 2010 a press conference at Novotel Hotel, to locate the issues that show.Mr. Raymond Sibally, Commissioner General of the 1st exhibition of the South-South cooperation, the event will provide business opportunities to African countries. An exhibition of emerging technologies including South Africa, Brazil, South Korea, as China, India, Saudi Arabia, Qatar, Kuwait can significantly contribute to economic and industrial development of the continent. Are expected at the fair, 60 companies from emerging countries, 240 of West Africa, 200 from Central Africa and the financial institutions of the Persian Gulf Emirates. All branches of activities related to extractive industries and processing of agro-industry, construction and mechanical properties, water, energy, infrastructure, research and development, health, environment, information technology and communication, transport is referred.

Raymond Sibally stressed that the living room, a tripartite conference attended by international capital, African countries, is planned. This meeting aims according to him, to help formulate alternative proposals to the request of state for foreign loans that private operators or African public would be conducted for development investment. According to the Commissioner-General, most African countries under adjustment program with the IMF or the World Bank under the HIPC initiative for the cancellation of their debts. However, he continues, "during the examination of their efforts for compliance with the requirements of the initiative, these countries fail to invest fully in the pending cancellation of their debts. Before addressing the shortcomings of the African continent: Africa, despite its potential remains the last of the continents in the world, "he said. Therefore it is important through this exhibition address this concern.