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USAID and African Development Bank Sign Partnership Agreement to Support African Entrepreneurs

FOR IMMEDIATE RELEASE
April 14, 2008
Press Office: 202-712-4320
Public Information: 202-712-4810
Email: http://www.usaid.gov/

WASHINGTON, D.C. - U.S. Agency for International Development (USAID) Administrator Henrietta H. Fore and Donald Kaberuka, President of the African Development Bank (AfDB) will sign a Memorandum of Understanding between USAID and AfDB to launch a partnership in support of entrepreneurs in Africa. The ceremony will take place on Tuesday, April 15 at 9:00 am in the Treaty Room of the Department of State.

The joint agreement will formalize a collaborative arrangement between USAID and AfDB to focus on accelerating investment in African small and medium enterprises. This will be the first time that these two partners have join efforts to extend a joint guarantee.

The signing ceremony will signify the important relationship between the USAID and AfDB in promoting private sector development in Africa, where entrepreneurship is thriving and creating employment and economic growth. USAID remains committed to improving the lives of the people in Africa.

The signing ceremony will be open for press coverage.

Preset for cameras: 8:15 a.m. from the 23^rd Street entrance
Final access for all press: 8:45 a.m. from the 23^rd Street entrance

To attend this event, members of the media must present one of the following: (1) a U.S. Government-issued identification card (Department of State, White House, Congress, Department of Defense or Foreign Press Center), (2) a media-issued photo identification card, or (3) a letter from their employer on letterhead verifying their employment as a journalist, accompanied by an official photo identification (driver's license or passport). Press should enter at the 23rd Street entrance.

PRESS CONTACTS:

Press Office
U.S. Agency for International Development
(202) 712-4320

Office of Press Relations
U.S. Department of State
(202) 647-2492

For more information about USAID and its work in Africa, visit www.usaid.gov.

The American people, through the U.S. Agency for International Development, have provided economic and humanitarian assistance worldwide for nearly 50 years.

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