November 14, 2007
hp-682

- Update Three - Treasury Secretary Paulson Travels to Africa

Treasury Secretary Henry M. Paulson, Jr. will travel to Tanzania, South Africa, and Ghana to attend the meeting of G-20 Finance Ministers and Central Bank Governors and discuss the positive economic changes taking place on the continent with government and business leaders.

Africa is experiencing its highest rates of growth and lowest levels of inflation in 30 years, prompting increasing investor interest in the continent. Secretary Paulson will use his trip to discuss the underpinnings of Africa's recent growth and explore ways in which the international financial community can further support Africa's development. Additionally, Secretary Paulson will be highlighting the importance of conservation efforts in Africa and the complementary role they play with economic growth.

The Secretary will depart on Nov. 13 and arrive in Arusha, Tanzania on Nov. 14. On Nov. 15 he will co-host with Tanzanian Finance Minister Zakia Meghji a discussion on regional financial integration with the other finance ministers of the East African Community. While in Arusha he will also visit an innovative land trust and tour a mosquito net factory.

He will then travel to Cape Town, South Africa where he will deliver remarks on Nov. 16 at the U.S.-Africa Business Summit organized by the Corporate Council on Africa. He will also attend the meeting of G-20 Finance Ministers and Central Bank Governors in Kleinmond, South Africa on Nov. 17 and 18.

On Nov. 19, Secretary Paulson will be in Ghana to meet with President John Kufuor and co-host with Ghanaian Finance Minister Kwadwo Baah-Wiredu a meeting with private-sector financial leaders on financial sector development in West Africa following a tour of the Ghana Stock Exchange. Later that day he will be joined by African Development Bank President Donald Kaberuka to discuss infrastructure investment during a tour of Akosombo Dam.

The following events are open to the press:

What
Visit Manyara Ranch and Meet with Community Leaders
When
Thursday, November 15, 8:00 a.m. Local Time
Where
Manyara Ranch
Arusha, Tanzania

***

What
Visit Lake Manyara Primary School
When
Thursday, November 15, 10:00 a.m. Local Time
Where
Lake Manyara Primary School
Manyara Ranch
Arusha, Tanzania

***

What
Tour A to Z Mosquito Net Factory
When
Thursday, November 15, 12:00 p.m. Local Time
Where
Unga Limited Industrial Area
Arusha, Tanzania

***

What
Joint Press Availability with Tanzanian Finance Minister Meghji
When
Thursday, November 15, 2:15 p.m. Local Time
Where
Arusha Coffee Lodge
Arusha, Tanzania

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What
Signing Ceremony for USAID Financial Support for South African Small Businesses
When
Friday, November 16, 2:30 p.m. Local Time
Where
Commodore Hotel
Portswood Road
Portswood Square
V&A Waterfront
Cape Town, South Africa

***

WHAT
Remarks to Corporate Council on Africa's U.S.-Africa Business Summit
When
Friday, November 16, 8:00 p.m. Local Time
Where
Cape Town Convention Center
Convention Square
1 Lower Long Street
Cape Town, South Africa

***

What
Tour of Thandi Wines
When
Sunday, November 18, 12:15 p.m. Local Time
Where
R310, Lynedoch
Stellenbosch, South Africa

What
Tour of Ghana Stock Exchange Trading Floor and Ring Opening Bell
When
Monday, November 19, 9:30 a.m. Local Time
Where
Cedi House
Accra, Ghana
Note Open to cameras only

***

What
Press Conference on OPIC Investment in Africa
When
Monday, November 19, 11:00 a.m. Local Time
Where
Cedi House, 1st Floor
Accra, Ghana

***

What
Tour of Akosombo Dam
When
Monday, November 19, 1:45 p.m. Local Time
Where
Akosombo Dam
Accra, Ghana

***

What
Press Availability
When
Monday, November 19, 3:15 p.m. Local Time
Where
Volta Hotel
Accra, Ghana

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