Friday, 23 September 2016

GE Africa President Appointed as Chair of Obama’s Advisory Council on Business Priorities for Africa

Jay Ireland, President & CEO of GE Africa was named as chair of the second President’s Advisory Council on Doing Business in Africa (PAC-DBIA) by U.S. Secretary of Commerce Penny Pritzker.

PAC-DBIA members – representing small, medium, and large companies from a variety of industry sectors – advise the President, through the Secretary of Commerce, on ways to strengthen commercial engagement between the United States and Africa.
Jay Ireland

"Building stronger commercial relationships with some of the world's fastest growing economies in Africa continues to be a top priority for the Obama administration," said Secretary Pritzker. "Private sector engagement through initiatives like the PAC-DBIA is driving our efforts to expand trade, speed investments, build new technologies, and grow new and transformative industries across Africa."

The appointments are announced in conjunction with the second U.S.-Africa Business Forum. This historic event connects hundreds of American and African chief executive officers and business leaders, along with African heads of state, to discuss overall economic growth and to stimulate additional trade and investment between the United States and Africa.

The varied, diverse, and accomplished appointees of the 2016-2018 President’s Advisory Council on Doing Business in Africa include: Jay Ireland, President and CEO, GE Africa* (Chair), Laura Lane, President of Global Public Affairs, UPS (Vice Chair); Walé Adeosun, Founder and Chief Investment Officer, Kuramo Capital Management; Mimi Alemayehou, Managing Director, Black Rhino Group; and Executive Advisor and Chair, Blackstone Africa Infrastructure LP; Kimberly Brown, CEO, Amethyst Technologies; Takreem El-Tohamy, General Manager of Middle East and Africa, IBM; Peter Grauer, Chairman, Bloomberg LP etc

U.S. merchandise exports to sub-Saharan Africa increased 19 percent from 2009 to 2015, reaching more than $18 billion last year. Total U.S. exports of goods and services to the continent of Africa reached $42 billion in 2015, representing total growth of 17 percent in the same period. In addition, between 2009 and 2015, U.S. goods exports to five sub-Saharan African countries – Ethiopia, Togo, Mauritania, Burkina Faso, and South Sudan – and U.S. goods exports to an additional five countries have increased more than 50 percent – Mali, Swaziland, Sierra Leone, Democratic Republic of the Congo, and Benin.

Speaking on the appointment, Jay Ireland said “I am truly honored to continue serving on the U.S. President’s Advisory Council on Doing Business in Africa. “I am delighted to chair this group strengthening commercial links between Africa and U.S. for economic growth. GE is proud to remain a steadfast partner in Africa's sustainable growth and will continue to invest in people and infrastructure across Africa.

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