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Hilbroy Advisory: African Trade Diversification Should Be Encouraged
Hilbroy Advisory: African Trade Diversification Should Be Encouraged
Africa is becoming more integrated in the world economy and its partnerships are diversifying, revealing unprecedented economic opportunities.
Montreal,
Quebec,
Canada
(prbd.net)
09/06/2011
Montreal, Quebec, June 8th, 2011– Hilbroy Advisory Inc. (DeutcheBörse: 2H0) Hilbroy Advisory Reports: African countries should develop closer ties with both traditional and emerging partners, to boost sustainable and inclusive growth.
Africa is becoming more integrated in the world economy and its partnerships are diversifying, revealing unprecedented economic opportunities.
UN Development Programme, the African Development Bank, the Organization for Economic Cooperation and Development, and the UN Economic Commission for Africa, also said that governments’ efforts need to include measures to create jobs, invest in basic social services and promote gender equality.
“New partners bring new opportunities for African countries. Defining national development priorities, trade, aid and investment is key to reaping the benefits of this new configuration,” said Mario Pezzini, Director of the OECD Development Centre.
In 2009, China surpassed the United States and became Africa’s main trading partner, while the share of trade conducted by Africa with emerging partners has grown from approximately 23 per cent to 39 per cent in the last 10 years.
While traditional partners, as a whole, still account for the largest proportion of Africa’s trade, investment and official development assistance, the report said that emerging economies can provide “additional know-how, technology and development experiences required to raise the standard of living for millions of people on the continent.”
Africa’s economies have weathered the global crisis relatively well and have rebounded in 2010. Recent political events in North Africa and high food and fuel prices are likely to slow the continent’s growth down to 3.7 percent in 2011. During this year, sub-Saharan Africa will grow faster than North Africa.
“Africa is growing but there are risks. Urgent attention is needed to foster inclusive growth, to improve political accountability, and address the youth bulge,” said Mthuli Ncube, chief economist and Vice-President of the African Development Bank.
About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential.
Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.
Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.
Contact:
Jean François Amyot
HilbroyAdvisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131
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A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
About
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential.
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