Tunis, 27 January 2006 - The African Development Bank (AfDB) and the South African Association of Consulting Engineers (SAACE) will organize a two-day Business Opportunities Seminar in Johannesburg on 1-2 February and in Cape Town on 6-7 February, in collaboration with Team Export South Africa.
The theme of the Seminar is: ‘What Africa Has to Offer Africa: Cross-cutting, innovative, cost effective and sustainable business solutions from Africa to meet the requirements of Africa’.
It will be held in the Development Bank of South Africa (DBSA) in Johannesburg and will bring together a wide spectrum of private and public business practitioners and development agencies, Government officials and Bank staff.
The seminar, which seeks to scale up relations between the Bank and South Africa, comes on the heels of recent successful visits to the institution by business executives with the support of the South African Department of Trade and Industry, the Association of Consulting Engineers, Electrotechnical Export Council and the International Steel Fabricators.
The first day of the BOS seminar will be devoted to presentations and discussions on how to do business with the AfDB. It will also include information on the Bank’s project cycles, structure, roles and responsibilities, procurements procedures and the New Partnership for Africa’s Development (NEPAD).
Day two will involve presentations on South African companies followed by one-on-one business opportunity exchanges with AfDB sector and project specialists
More than 100 South African companies and a dozen Bank staff will participate in the seminar. In November 2005, the Bank hosted a business delegation of 10 South African companies led by the Electrotechnical Export Council (SAEEC). The delegation held working sessions with all the major Bank departments during its five-day stay in Tunis.
South Africa joined the ADB on 13 December 1995. Two year later, the country became the first African contributor to the 7th replenishment of the African Development Fund (ADF), the concessional window of the Bank, along with Botswana. Its subscription to AfDB’s capital amounts to 85,793 shares or a voting power of 3.92%. It had one of the highest African shares of Bank Group generated business with about UA 38 million or 3.7% in 2003 and UA 30 million or 2.3% in 2004.
* 1 UA = 1.42927 $US as at 01/01/2006