Montreal, Quebec, March 25, 2011– Hilbroy Advisory Inc. (DeutcheBörse: 2H0) Hilbroy Advisory Reports: The experts meeting preceding the fourth joint annual ministerial meetings of the African Union Conference of Ministers of Economy and Finance, UN Economic Commission for Africa Conference of African Ministers of Finance & Planning and Economic Development opened in Addis Ababa yesterday with some good news; that African economies are set on a resolute path of growth.
Even as the world economy remained mired in crisis, the top UN official noted that Africa grew on average by 4.5 percent in 2010, up from 2.3 percent in 2009 and will most likely maintain steady growth of about five percent in 2011.
This relatively strong performance was attained thanks to a good show in agriculture and natural resources, the rebound of tourism and the use of countercyclical policies in some countries.
Although there is overall optimism, there are some dark points that must be immediately corrected. For example, the Annual Millennium Development Report circulating at the meeting acknowledges progress but highlights the fact that this growth is yet to be translated into a reduction in poverty, new jobs, especially for the growing armies of youth who remain unemployed throughout Africa.
According to Mr Janneh, this situation of high unemployment is compounded by rising oil and food prices, the danger of climate change as well as “the gloomy outlook in some of Africa’s trading and development partners with negative consequences for export and tourism receipts, foreign direct investment remittances and official development assistance flows.”
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.
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