African Union Commission and European Commission
The event will gather representatives from the UN, AU, EU, EIB, other European Finance institutions as well as European and African private sector.
The overarching objective of this session is double: (1) contribute to building a strategic framework for working for and with the private sector towards achieving the AU “Agenda 2063”, (2) discuss how private sector resources and engagement can be catalysed for development in Africa notably in the agriculture and energy sector.
In this perspective, the AUC is building a strategic framework for strengthening the role of Africa’s private sector towards achieving “Agenda 2063”. Within this strategic framework, the AUC will remain an important partner of governments and business organizations in African countries for supporting the creation of and friendly business environment and foster the development of competitive local enterprises that creates more decent jobs, generate public revenues, and harness the opportunities offered by the Global Value Chains.
On its side, the EU advocates a strategy which proactively promotes the key role of the private sector in achieving inclusive and sustainable growth through public private dialogue, partnership approach, catalysing private financing and investments in key sectors including energy and agriculture, and encouraging responsible business practices.