The Organisation of African, Caribbean and Pacific States (OACPS) Business Forum has signed a Memorandum of Understanding (MoU) with the European Business Council for Africa and the Mediterranean (EBCAM).
EBCAM was founded in 1973 by seven European private sector associations, representing investors and operators in Africa as a non-profit organisation (AISBL) based in Brussels, Belgium. Through its members, EBCAM today represents some 4,000 European companies with interests on the African continent, from the Maghreb to South Africa, and represents hundreds of thousands of employees. Their activities cover the complete range of commerce and industry, including agriculture, mining, transport, banking and the service sectors.
EBCAM brings together European investors and other operators engaged in economic activity on the African continent and it works for a close cooperation between the European private sector and African countries, in particular the African private sector.
The OACPS Business Forum represents private sector organisations from 79 member States to promote dialogue and collaboration between OACPS Governments, regional integration institutions and the private sector at all levels as well as contribute to the formulation and implementation of private sector development policies and promotion knowledge sharing and information dissemination on private sector development issues. The organisation aims to promote and strengthen the ties between the private sector in the European Union and in ACP countries, fostering lasting partnerships to achieve long-lasting meaningful growth.
The MoU will strengthen the cooperation between EBCAM and the OACPS Business Forum with the aim of collaborating to promote socio-economic development in particular in Africa, focusing on the promotion of development, trade and investment on the continent.