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Saturday, June 25, 2016
Ahead of his Trip to Africa: PM Netanyahu to Submit to the Cabinet a NIS 50 Million Plan to Strengthen Economic Ties and Cooperation with Africa

Ahead of his Trip to Africa: PM Netanyahu to Submit to the Cabinet a NIS 50
Million Plan to Strengthen Economic Ties and Cooperation with Africa
(Communicated by the Prime Minister's Media Adviser)

Ahead of his upcoming trip to Africa, Prime Minister Benjamin Netanyahu
will, on Sunday, 26 June 2016, submit for Cabinet approval an approximately
NIS 50 million plan to strengthen economic ties and cooperation with African
countries. The Prime Minister said: "The African continent constitutes vast
potential for Israel in very many areas. Many countries are seeking to open
their gates to Israel and we will realize this desire for their benefit and
for the benefit of the State of Israel."

Following are the main points of the plan:

1. Unprecedented cooperation with the World Bank including

a) The establishment of designated funds, by Israel, for Africa at the World
Bank while utilizing Israel's comparative advantages;

b) Creating mechanisms for cooperation between the government, international
financial institutions and Israeli establishment bodies to finance
wide-ranging development projects in African countries and other developing
countries.

2. Expanding the network of commercial attaches – Two attache offices will
be opened in Africa in the first stage. The possibility of opening
additional offices in the future will be considered.

3. Financing market activity – Increasing the exposure of Israeli industry
to the needs of potential customers in African countries and vice-versa.

4. Providing grants for feasibility studies – A government umbrella would
allow Israeli companies to make known their technological abilities (for
example, surveys by Israeli companies for local governments).

5. The establishment of four MASHAV centers for excellence in Uganda,
Ethiopia, Kenya and Rwanda. The centers will make Israel's technological
abilities known to businesspeople and government officials in African
countries and thereby assist in increasing Israeli exports to these
countries.

6. Advancing financial projects by establishing a mechanism to lower costs
for Israeli companies doing business in Africa. Its responsibility will be
to deal with the main impediments vis-à-vis exports to Africa, i.e. the high
premiums and shortage of long-term loan insurance.

7. Establishing an agency within the Health Ministry for G2G – A platform
for agreements between the Israeli health system and health systems in other
countries around the world in general and in Africa in particular.

8. Grants by the Chief Scientist –Support will be given to products that
need research and development activity in order to adapt them (regarding
technology, engineering and marketing) for African markets.

9. Courses and training in domestic security and health – Israel's
comparative advantage in these fields has created great interest in African
countries seeking training from Israel.

10. Signing a space agreement with Ethiopia – Strengthening technological,
scientific and space ties with the Ethiopian government. This agreement will
assist in promoting activity by Israeli companies in Ethiopia in the fields
of both space and renewable energy.

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