The Economic Development Board (EDB) is set to sign three Memoranda of Understanding (MoUs) with governmental agencies in the western and southern parts of Africa, namely:
(i) Le Centre de Promotion des Investissements de la République de Côte d’Ivoire;
(ii) Le Ministère de la Promotion de l’Investissement de la République Togolaise; and
(iii) the Trade & Investment KwaZulu-Natal in South Africa.
The MoUs will serve the purpose of:
– implementing a practical framework for cooperation with regard to Trade and Investment opportunities;
– designing a common strategy to strengthen economic relations;
– strengthening institutional relations and capacity building through cooperation; and
– ensuring a coherent approach to identify areas of comparative advantage, competence to strengthen investment, trade promotion and facilitation.