Canada and Canadian Council on Africa (CCAfrica) signed a Memorandum of Understanding on July 30, 2015, in Montreal, Canada to help strengthen the contribution of the Canadian private sector to sustainable economic growth in Africa.

Christian Paradis, Minister of International Development and La Francophonie of Canada, and Jean J. Gauthier, President and CEO of the Canadian Council on Africa (CCAfrica) have signed the MoU.

According to a statement issued by the CCAfrica, Mr. Gauthier was quoted saying the signing of the MoU marks as a key signature “in the development of the Canadian private sector contributing to the economic and commercial growth in Africa, something the two organizations support.”

The statement furthered, the signing of the MoU marked the commencement of “an enhanced collaboration that could include financial, technical and advisory support on initiatives of common interest in trade, investment and development cooperation in Africa” adding that the MoU “is for an initial period of three years and may be renewed.”

CCAfrica’s statement captured the MoU envisages different initiatives including CCAfrica’ hosting of “Canada-Africa Trade and Development Business Summits” and strategic initiatives promoting Canada’s objectives in Africa.

CCAfrica is a non-profit organization which is committed to enhancing trade and economic development between Canada and Africa.

Source: Walta Information Center