Month: February 2020

USAID, UNITED BANK FOR AFRICA SIGN MEMORANDUM OF UNDERSTANDING TO ADVANCE THE TWO-WAY TRADE AND INVESTMENT GOALS OF PROSPER AFRICA

Assistant Administrator of the U.S. Agency for International Development’s(USAID) Middle East Bureau, Michael T. Harvey, Acting Assistant Administrator in the Bureau for Africa at the U.S. Agency for International Development,(USAID) Christopher Maloney, E.D Treasury & International Banking UBA, Abdoul-Aziz Dia, Group Head, Consumer & Retail Banking, UBA Jude Anele during the signing of the memorandum of understanding to advance trade and investment goals of Prosper Africa, held in Tunisia on Thursday

U.S Agency for International Development (USAID) through the Prosper Africa initiative is partnering with the United Bank for Africa (UBA) to increase two-way trade and investment between the United States and the nations of Africa.

This partnership ensures businesses are equipped with the technical and financial tools they need to enter into new trading and investment relationships in Africa and the United States.

USAID will provide technical assistance and advisory services to prospective businesses through its Trade and Investment Hubs, and will connect UBA with African Diaspora business groups working across the United States.

The MOU enables UBA, the only sub-Saharan African bank licensed to operate in the United States, to expand access its reach and extend financing to American companies in the United States looking to do business with African nations.

Recognizing tremendous growth opportunities, USAID and UBA are collaborating to advance Prosper Africa’s goal of substantially increasing two-way trade between Africa and the United States.

By working together, they will extend financing and technical assistance to businesses that will strengthen the American economy, grow African economies, and create jobs on both sides of the Atlantic.

The two institutions entered into this agreement as part of the opening ceremony of the Tunisia Prosper Africa Conference, co-organized by the U.S. Embassy in Tunis and the American Chamber of Commerce of Tunisia.

The event facilitated U.S. and African business-to-business connections and featured remarks by key representatives from the U.S. Government and the U.S. and African private sector.

For general press inquiries, please contact Press@USAID.GOV.

ISG unfolds 2020 Economic Plan for Africa

In its resolve to build a sustainable economic growth in Africa, a world class infrastructure building giant, International Service Group (ISG) has vowed to empower Africans and enhance economic advancement, as it promises to collaborate and finance any willing government in Africa to fund projects that will boost the economy of the nation.
In the organization’s New Year package for the Continent of Africa aptly tagged ”Vision 2020”, ISG detailed its projection on how it intends to finance willing African governments to create economic growth in their countries by improving, renewing and adjusting the infrastructure.
Chief Executive Officer of the International Service Group (ISG), Mr. Steven Tuinstra.i
In a statement signed by the Chief Executive Officer of the International Service Group (ISG), Mr. Steven Tuinstra, the organization believes that if Africa concentrates on the development of Infrastructure and fights corruption, the continent is capable of ruling the World.
ISG, according to Tuinstra, in its Vision 2020 package for Africa is committed to providing funding for any country that is ready to develop their country to a higher level, declaring that the organization has projected billions of dollars to render Financing to any country on the continent that is willing to embark on capital projects that will enhance development and job creation for the citizens.
Tuinstra mentioned further that, the areas of Interest for the organization in building infrastructure in Africa include roads, railway, airports, ports, bridges, and electricity to improve power amongst others, as he assured ISG’s total financing of projects in the one specified areas.
He pointed out that his experience in Africa has exposed him to the fact that even though Africa is rich on resources, people are very poor with no jobs for the citizens.
According to the ISG boss, traveling across Africa and seeing people suffering in spite of the enormous wealth in resources calls for concern.  He thus vowed that ISG through its unique funding model that connects all of the dots is now ready to make the necessary financing available, which has been the main issue of the African nation to improve lives for African citizens.
Tuinstra, in the statement disclosed that ISG is currently financing projects all over Africa, ISG has among others signed agreement to build an Olympic Village in Ivory Coast towards the successful hosting of CAF 2023, while Plans are in top gear to finance the construction of 100,000 low cost housing unit in Ghana and the construction of Railway throughout West Africa.
He concluded that the infrastructure building giant would leave no stone unturned in ensuring that Africa realizes its potentials.
Meanwhile, the Organization has appointed a Nigerian International Journalist, Moses Owopade as its Media & Publicity Adviser.
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