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CARANA News CARANA awarded contract to increase investment and market linkages in West Africa Arlington, Virginia, October 9, 2007—Under USAID’s Global Business, Trade and Investment Indefinite Quantity Contract, CARANA and our GBTI II Consortium were awarded a two-year contract (with additional two-year option) to create the market and institutional platform for continued acceleration of investment, job, and trade growth in West Africa. The Global Trade Competitiveness Project, to be based out of Accra, Ghana, builds on CARANA’s capabilities as implementer of USAID’s successful Trade Hubs in Accra, Dakar, Gaborone, and other related initiatives. Key activities under the project will include: ensuring effective implementation of the Common External Tariff, which is critical to West Africa’s trade prospects; developing new financial products by packaging financing for export and investment projects; reducing transportation and labor costs for West African exporters as to increase their trade competitiveness; promoting new investments leading to less costly and more efficient infrastructure and telecommunications services for small and medium enterprises; and significantly increasing the value of West African exports while better integrating West African firms into international supply chains. Through SEGIR GBTI II IQC CARANA and subcontractors provide a full range of services to USAID/Washington and USAID Missions throughout the world. Our support encompasses all major areas of business, trade, and investment development and reform – particularly on devising and implementing robust strategies to promote real economic growth, reduce poverty, graduate transitional countries from aid to trade, promote open competitive markets, develop the private sector, and mobilize private financing. [Posted October 2007]
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