Hilbroy Advisory: UN Official Urges Good Management of African Resources for Economic Growth
Jean Francois Amyot
Montreal, Quebec, March 16, 2011- Hilbroy Advisory Inc. (DeutcheBörse: 2H0) Hilbroy Advisory Reports: African governments must ensure transparency and accountability in the management of natural resources, including oil, to generate revenue for growth through diversifying economies, a United Nations official told delegates at an industrial policy conference in Ghana today.”African leaders must have bold visions and good planning,” Kandeh K. Yumkella, the Director-General of the UN Industrial Development Organization (UNIDO), told delegates attending the two-day conference in Accra entitled “Competitiveness and Diversification: Strategic Challenges in a Petroleum-Rich Economy.”"Ambition is the catalyst that can propel African leaders to bring about structural changes and create wealth and opportunities for decent jobs on a sustainable basis, as well as the right infrastructure, and add value to natural resources,” said Mr. Yumkella.He called for a bold development agenda in Africa in the next 20 years to restructure and diversify economies beyond dependence on oil and gas, to avoid the so-called “Dutch disease.”The “Dutch disease” or the “resource curse” refers to increasing dependency on the exploitation of natural resources at the expense of developing a manufacturing sector.Africa countries “must make sure the new wealth does not destroy the old one. Africa must develop manufacturing to become competitive on a global scale,” said Mr. Yumkella.At a meeting with the President of Ghana, John Atta Mills, Mr. Yumkella urged the West African country to become “a model” for the sub-region. “A stable democracy coupled with the oil find could turn the country into an economic powerhouse,” he said.Industrialization policy, he added, should include agribusiness and agro-industries as extra engines of economic growth.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 AmyotHilbroyAdvisory, Inc.1400 rue BeginMontreal, QC H4R 1X1info@hilbroyadvisory.comwww.hilbroyadvisory.comTel: 514-334-3131
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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.
Agribusiness & Hunger in the 3rd World 02 Educational Video. This video is an excerpt from Alternative Views #306 at archive.org. Creative Commons license: Attribution-Noncommercial-Share Alike 3.0 United States. The program shows how peasant farmers are forced off their land in Third World countries to make way for large landowners and multinational agribusiness. By using the land for export crops, people go hungry because the country can no longer provide food for all its people. Additionally, the dispossessed landowners are either forced to work on the big farms at low wages or to go to the cities where they cannot find satisfactory work and are forced to live in squalid conditions. The documentary shows the brutality and venality with which the established powers operate. Producer: Frank Morrow; Production Company: Alternative Information Network; keywords: hunger; documentary; agribusiness; Third World. Multinational corporations now grow more food in Asia, Africa, and Latin America than ever before. But much of the food is exported while over 500 million people go hungry. Many people believe that hunger is caused by drought, war, or overpopulation. But in the vast Sahel region in West Africa, there is another reason: peanuts! A hundred years ago, French colonialists who controlled most of the Sahel forced farmers there to grow peanuts for the French vegetable oil industry. Peanut farming and processing by multinational corporations expanded rapidly after the Second …
Video Rating: 4 / 5
