Portuguese ELO association takes on presidency of European Business Council for Africa

12 June 2006

Lisbon, Portugal, 12 June – Portuguese business association ELO, which represents the country on the Portuguese-speaking Countries (CPLP) Council Business Council will take on the presidency of the European Business Council for Africa and plans to address the issue of cooperation with its US counterpart.

The next presidency of the European Business Council for Africa and the Mediterranean (Ebcam), Francisco Mantero, who is the president of ELO told Macauhub that the ceremony for taking office was due to take place on June 29, in Lisbon, during the annual meeting of the European association.

The presidency will be handed over by the British African Business Association, one of the associations from nine countries (Germany, Italy, Belgium-Luxembourg, France, Denmark, Greece, Portugal and the Netherlands) which are members of Ebcam, founded in 1973.

The Portuguese presidency’s agenda, Manetro said, would include adding two new members – Spain and Finland.

Mantero also aims to begin negotiations with the US Corporate Council on Africa (CCA), “to create a common basis of principles and values to be defended by the sectors on both sides in relation to international organizations, and about the social and economic development of Africa as well as national and multilateral policies.”

Anotehr aim is to sign a memorandum of understanding with the Centre for Company Development, a European Commission organisation, on the development of activities in African, Caribbean and Pacific (ACP) countries, and another with the ACP Countries Secretariat.

Ebcam, which represents around 2,000 European companies with business interests in Africa, Middle Eastern countries and the Mediterranean, is currently one of the main players from the private sector involved in community institution issues.

ELO represent the main Portuguese companies with business in Africa, including Somague, Millennium BCP, EDP, Galp, Portugal Telecom, Caixa Geral de Depósitos, BPI and ANA – Aeroportos de Portugal. (macauhub)