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BUSINESSAfrica Employers' Confederation Signs MoU with Business at OECD during B20 Summit in Brazil

Nov 12, 2024
Posted by: Tevin Richard

The recent B20 Summit in Brazil held from the 23rd October to 25th October 2024 served as a landmark event in global economic collaboration, bringing together leading voices from business, government, and civil society to foster inclusive growth and sustainable development. Among the significant official partnerships formed was the signing of a Memorandum of Understanding (MoU) between the BUSINESSAfrica Employers' Confederation (BUSINESSAfrica) and Business at OECD (BIAC), which represents private-sector interests within the Organisation for Economic Cooperation and Development (OECD).

The MoU which has been a continuous conversation since 2023 marks a pivotal step in promoting Africa's role in the global economy and strengthening the ties between African and OECD countries.
Present during the signing was Ms Jacqueline Mugo, Secretary-General of BUSINESSAfrica and Business at OECD, Executive Director Hanni Rosenbaum. Ms Mugo expressed her enthusiasm for the partnership, noting that it represents a substantial opportunity for African employers to have a more significant voice in global economic conversations.

Ms Hanni Rosenbaum of Business at OECD highlighted the importance of integrating African perspectives into OECD policy recommendations.

The signing of the MoU symbolizes a shared commitment to collaboration, economic growth, and inclusive development. Representatives from both organizations expressed optimism that this partnership will drive meaningful progress across multiple fronts. BUSINESSAfrica, the leading continental organization representing employers and the private sector in Africa, aims to leverage this partnership to amplify African businesses' influence in OECD discussions, ensuring that Africa's unique challenges and opportunities are represented.

Key Areas of Focus Under the MoU
The agreement outlines several key areas where both parties will work closely:
  1. Cooperate in the context of the OECD’s engagement with Africa, including through joint statements, as appropriate.
  2. Exchange best practices and foster cooperation between Africa and the OECD business communities on areas of mutual interest in the context of the OECD work related to Africa.
  3. Maintain regular contact on activities of common interest.
  4. Collaborate on joint initiatives related to the OECD-Africa Partnership based on mutual priorities, drawing on input from the respective networks of the Participants.
  5. Build capacity of participants to advance the OECD-Africa partnership.
  6. Support participants advocacy initiatives related to OECD-Africa partnership.
  7. Support participants' initiatives aimed at advancing the above areas.

     
 

Author :Lionel Otieno