Jay Ireland, President and CEO of GE Africa has been 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.
“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 among others.
As part of his commitment to deepen engagement between the United States and Africa, President Obama signed an Executive Order (E.O.) at the 2014 U.S.- Africa Business Forum to establish PAC-DBIA.
The PAC-DBIA has provided information, analysis, and recommendations on U.S.-Africa trade and investment priorities.
Through the Doing Business in Africa (DBIA) campaign which is led by the U.S. Department of Commerce, the U.S. government is strengthening its commercial relationship with the African continent, home to some of the world’s fastest growing economies. With a 5.4 percent growth rate predicted for 2014, Africa is outpacing global growth. U.S. goods and services exports to Africa reached a record high of $50.2 billion in 2013, up 40 percent since 2009. These exports supported approximately 250,000 U.S. jobs.