In a bid to Layout a Roburst Alliance to Promote the Global Africa Business Initiative (GABI) the AU and the UN Global Compact disclosed Partnership to assemble a Cohort of the Continent’s Opportunities

By Abdul Rahman Bangura-

Great Africa Map
Photo Credit: Creazille

NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- This unique cooperation was regularized through the swap of a Letter of Intent between Ambassador Albert Muchanga – Commissioner for Economic Development, Tourism, Trade, Industry, Mining
(ETTIM), African Union Commission and Assistant Secretary-General; Sanda Ojiambo – CEO of the UN Global Compact; Fatima Kyari Mohammed – Permanent Observer of the African Union to the United Nations; and Charles Abani – Resident Coordinator of the United Nations in Ghana, at a circumstance hosted by the Global Africa Business Initiative on the sidelines of the African Union’s Sixth Mid-Year
Coordination Meeting (6th MYCM) in Accra, Ghana on Saturday, 20 July 2024.

Constructing on the African Union-United Nations framework for the enactment of the African Union Agenda 2063 and the Sustainable Development Goals (Agenda 2030), the bloc will support the subsequent phase of Agenda 2063’s Second Ten-Year Implementation Plan (2023-2032), a sweeping roadmap for Africa’s development.

The UN Global Compact will commit enterprises across Africa to subsidize the African Union Commission’s goals and mandate. Ambassador Muchanga underscored the significance of the contemporary cooperation, letting out , “This collaboration marks a significant advancement in ourefforts to realize the objectives outlined in the African Union Agenda 2063. By partnering with the UN Global Compact, we are reinforcing our commitment to driving sustainable business and promoting economic growth across Africa. Together, we aim to create a dynamic economic environment that supports inclusive progress and empowers African nations to achieve their full potential.”

Ms. Sanda Ojiambo said, “Today’s exchange of letters presents an opportunity to strengthen the long-standing ties between the African Union Commission and the UN system through a partnership with the Global Africa Business Initiative. We share a transformative vision for the continent, where a strong and inclusive African private sector helps de-risk economies, attracts investment, and creates jobs, building more prosperous and sustainable communities. “

Under the administration of UN Deputy Secretary-General – Amina J. Mohammed, GABI seeks to move Africa as a business terminus and prospect for investment on the multinational phase while again pitching in towards the African Union Agenda 2063 and the Sustainable Development Goals.

Concerned players could now sign up to bid for an invitation to attend GABI’s flagship occasion ‘Unstoppable Africa’ which will take place in New York 25-26 September on the sidelines of the UN General Assembly.

For New Africa Business News (NABN) Abdul Rahman Bangura Reports, Africa Correspondent