The PAC-DBIA was established in 2014 to provide analysis and recommendations to the US President
Farid Fezoua the president and CEO of General Electric Africa has been named as co-chair of the US President’s Advisory Council on Doing Business in Africa (PAC-DBIA) by the US Secretary of Commerce, Wilbur Ross.
Farid`s appointed as a co-chair of PAC-DBIA 2019-2021 was announced by the US Deputy Secretary of Commerce, Karen Dunn Kelley, at the Corporate Council on Africa’s US-Africa Business Summit in Maputo, Mozambique last week.
Uganda was represented at the summit by Prime Minister Dr Ruhakana Rugunda.
PAC-DBIA members – representing small, medium, and large companies from a variety of industry sectors – advise the President, through the Secretary of Commerce, on ways to strengthen commercial engagement between the United States and Africa.
“The United States is making real progress in Africa, and we remain a strong, long-term, and stable partner in the continent’s economic deve lopment especially through the Prosper Africa initiative,” said Secretary Ross. “We are working to find solutions to transition aid-based economies to trade-based economies and to creating new pathways for mutually beneficial partnerships.”
Deputy Secretary Kelley publicly announced the new PAC-DBIA appointments in a keynote address at the Summit where business and government leaders from the United States and Africa are exploring business opportunities as well as discussing trade and investment policies.
The PAC-DBIA was established in 2014 to provide analysis and recommendations to the President, through the Secretary of Commerce, on strengthening commercial engagement between the United States and Africa.
In its third term, 2019-2021, the PAC-DBIA will continue to play a critical role informing US government policies and activities across the continent, particularly in advancing the economic pillar of the Trump administration’s Africa Strategy through Prosper Africa, which is a whole-of-government, economic initiative to substantially increase two-way trade and investment as well as support increased jobs in the United States and Africa. Prosper Africa demonstrates this Administration’s commitment to the growth of African countries and modernizes the way the government supports private sector opportunities.
Speaking on the appointment, Fezoua said “It is a great honour to serve on the US President’s Advisory Council on Doing Business in Africa. I am delighted to co-chair this group bolstering economic growth through commercial and investment activities between Africa and United States. In this role I am particularly enthusiastic to contribute to shaping the new ‘Prosper Africa’ vision in collaboration with the US and African Governments. GE remains a committed partner in Africa’s sustainable development and will continue to invest in people and infrastructure across Africa.”