INTRODUCTION: A series of major economic developments in Africa were announced in the Togolese capital Lome on Monday (6 July).
1. GV INTERIOR Conference building 0.10
2. SV PAN INTERIOR Delegates seated at conference 0.16
3. SV PAN Mr. Mivedor, representative of President Eyadema of Togo TO other delegates including Mr. Koffi Djondo, President of Togolese Chamber of Commerce, Industry and Agriculture 0.30
4. SV Delegates in audience 0.34
5. SCU Mr. Mivedor 0.40
6. SV Delegates seated 0.43
7. SV PAN Officials on podium and delegates in audience (2 shots) 1.00
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Background: LOME, TOGO
INTRODUCTION: A series of major economic developments in Africa were announced in the Togolese capital Lome on Monday (6 July). The announcements were made in a communique during a conference of representatives of the so-called A.C.P. group, which comprises African, Caribbean, and Pacific states. Regular consultations of A.C.P. member states were first envisaged by the Lome Convention -- a treaty signed to encourage economic ties between developing states and the E.E.C.
SYNOPSIS: The conference began with a call for progress in achieving the final goal of the Lome Convention -- the establishment of a common Market of ACP member states. The call was made by the conference host, representing Togo's leadership. He was Mr. Ayite Gachin Mivedor, and his remarks were closely followed by his audience, which included Mr. Koffi Djondo, President of Togo's Chamber of Commerce.
Later, the conference issued a communique approving several new investment projects. These included a gold mining development and a hydrocarbon storage plant in Upper Volta; tourist developments in Senegal; and development of new water supplies in secondary cities in Niger. The money for the projects will be provided by the West African Development Bank (B.O.A.D.), supported by the French Central Fund of Economic Co-operation (C.C.E.).
Source: REUTERS - A.F. AMETOZION