• About
  • Advertise
  • Privacy Policy
  • Contact
Thursday, February 2, 2023
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Africa and Turkey Sign Agreement for Economic and Business Forum

October 11, 2021
Stephen M.CbyStephen M.C
in Around the Globe
0
Africa and Turkey Sign Agreement for Economic and Business Forum

Signing of Africa-Turkey Economic and Business Forum Agreement

The African Union Commission and the Government of Turkey have signed a Cooperation Framework Arrangement on organising the Third Africa-Turkey Economic and Business Forum in Istanbul, Turkey.

The Cooperation Framework Agreement was signed by Ambassador Albert Muchanga- AU Commissioner for Economic Development, Trade Industry and Mining, and Ambassador Yaprak Alp, Ambassador of the Republic of Turkey to Ethiopia.

The Forum which is expected to take place between 21st and 22nd October 2021, will welcome Turkish and African leaders together with corporate business directors, industrialists, and investors.

RelatedPosts

EBRD Provides Record Volume of Investments to Romania Since 2009 in 2022

Hipkins Sworn In As New Zealand’s Prime Minister

S&P Global Projects ‘Negative Outlook’ For Traditional Asset Managers

Ambassador Muchanga noted that the timeliness in signing the Cooperation Framework serves as a means of scaling-up the private sector’s active participation towards the achievement of economic transformation for Africa.

This, he said, will help strengthen productive capacities, enhance competitiveness, diversification in all sectors and enhance substantial value addition.

“As we stand now, tremendous milestones have been passed toward ensuring smooth preparations, including documentation as well as logistical preparations.

“Our principle should be to improve living standards of our people through enhancing private sector development, thereby increasing our countries’ economic growth and development.”

Albert Muchanga

Also, he stated that the Africa-Turkey Economic and Business Forum has over the years, created great opportunities to generate critical investments through active collaboration among the entrepreneurs.

On her part, Ambassador Yaprak highlighted the trade and business aspects of the agreement as among the most dynamic parts of the African Union-Turkey relationship.

She further observed that starting trading under the African Continental Free Trade Area (AfCTFA) will not only boost intra-African trade but also to strengthen trade and investment links between Turkey and Africa.

“For this to be fully functional, more pan-African investment networks and infrastructure are required. Turkey would be honoured to play a positive role in this vein through the interface of the African Union.

“These and many other issues will be explored in Istanbul, and I hope this will be a new turning point in Africa-Turkey trade and economic relations.”

Yaprak Alp

Expectations from Economic and Business Forum

It is expected that the meeting will be held under the theme ‘Deepening Turkey-Africa Strategic Partnership: Trade, Investment, Technology and Logistics’.

Participants at the forum will review past performance, examine existing challenges, and further discuss strategic ways for boosting trade and investment, and find comprehensive ways of strengthening the entire economic relations between Africa and Turkey.

As stated by the African Union (AU), the Forum is set to provide an opportunity for participants drawn from Public and Private sectors in Africa and Turkey, to engage in a wide array of strategic exchanges and discussions.

The Forum, AU believes, will help to jointly identify ways to scale up the private sector engagement as a catalyst for sustainable and inclusive development.

“While the public sector has a responsibility to create an enabling environment for businesses to thrive; the private sector, equally plays a key role in among others, [by] enhancing trade and investment, expanding innovations and resource mobilization for investment in socio-economic projects.”

African Union

Meanwhile the African Union disclosed that “increased investment is a prerequisite for the realization of Africa’s Agenda 2063”.

Agenda 2063 is Africa’s blueprint and master plan for transforming Africa into the global powerhouse of the future.

“It is the continent’s strategic framework that aims to deliver on its goal for inclusive and sustainable development and is a concrete manifestation of the pan-African drive for unity, self-determination, freedom, progress and collective prosperity pursued.”

African Union

READ ALSO: CIMG Collaborates with CIC on Bank Customer Satisfaction Survey

Tags: Africa-Turkey Economic and Business ForumAfrican Union CommissionAlbert MuchangaTurkey GovernmentYaprak Alp

Related Posts

EBRD Provides Record Volume of Investments to Romania Since 2009 in 2022
Around the Globe

EBRD Provides Record Volume of Investments to Romania Since 2009 in 2022

January 27, 2023
Hipkins Sworn In As New Zealand’s Prime Minister
Around the Globe

Hipkins Sworn In As New Zealand’s Prime Minister

January 25, 2023
S&P Projects 'Negative Outlook’ For Traditional Asset Managers
Around the Globe

S&P Global Projects ‘Negative Outlook’ For Traditional Asset Managers

January 25, 2023
Ardern Makes Final Public Appearance As Prime Minister
Around the Globe

Ardern Makes Final Public Appearance As Prime Minister

January 25, 2023
New Zealand: Chris Hipkins Endorsed As Next Prime Minister
Around the Globe

New Zealand: Chris Hipkins Endorsed As Next Prime Minister

January 25, 2023
New Zealand: Education Minister To Become Next Prime Minister
Around the Globe

New Zealand: Education Minister To Become Next Prime Minister

January 25, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post

For This Battle, You’ll Receive a New Anointing – Agyin-Asare Prays for Sam George

Next Post

IBM to Introduce Two Digital Products to Banks in Ghana

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.
Putin Commemorates Battle Of Stalingrad
Europe

Putin Commemorates Battle Of Stalingrad

by Comfort AmpomaaFebruary 2, 2023
Bryan Adams, Crafting Albums Amid Grammy Award Nomination
Entertainment

Bryan Adams, Crafting Albums Amid Grammy Award Nomination

by Esther Korantemaa OffeiFebruary 2, 2023
Shadrach Arloo’s Death: CCTV Camera At Westhills Mall Confirms He Was Confronted By Police
General News

Shadrach Arloo’s Death: CCTV Camera At Westhills Mall Confirms He Was Confronted By Police

by Emmanuel SarpongFebruary 2, 2023
Bugatti Sells Its Last Purely Gas-Powered Car for World Car Auction Record
Wheels

Bugatti Sells Its Last Purely Gas-Powered Car for World Car Auction Record

by Stephen M.CFebruary 2, 2023
Gold For Cash, Not Gold For Oil – Mr. Mercer Charges
Vaultz Business

Gold For Cash, Not Gold For Oil – Mr. Mercer

by Gifty BansahFebruary 2, 2023
AfDB Trains Its Regional Member Countries On Strategic And Operational Application Of Fragility Lens
Banking

AfDB Trains Its Regional Member Countries On Strategic And Operational Application Of Fragility Lens

by Priscilla Dziedzorm FiakpornuFebruary 2, 2023
Putin Commemorates Battle Of Stalingrad
Bryan Adams, Crafting Albums Amid Grammy Award Nomination
Shadrach Arloo’s Death: CCTV Camera At Westhills Mall Confirms He Was Confronted By Police
Bugatti Sells Its Last Purely Gas-Powered Car for World Car Auction Record
Gold For Cash, Not Gold For Oil – Mr. Mercer Charges
AfDB Trains Its Regional Member Countries On Strategic And Operational Application Of Fragility Lens
Snow
FIND OUT MORE

The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In