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ExxonMobil's Sara Ortwein Presents at U.S.-Africa Business Summit

Posted on: Sat, 10 Oct 2009 02:20:00 EDT

Symbols: XOM

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Oct 09, 2009 (Close-Up Media via COMTEX) --
XOM | Quote | Chart | News | PowerRating -- ExxonMobil announced that one of its executives, Sara Ortwein, presented at the U.S.-Africa Business Summit and praised The Corporate Council on Africa for its focus on women and led a roundtable discussion on strategies to promote women's economic development.

"One takeaway from our discussion is that when users give women economic opportunities, they, in turn, tend to reach out to others, with the shared objective of improving the quality of life for many," said Ortwein, vice president, ExxonMobil Development Company and member of ExxonMobil's Women's Economic Opportunity Initiative Advisory Council. "This makes the return on investing in women multi-dimensional, providing societal benefits including increased economic growth and reduced poverty."

ExxonMobil hosted the "Women as an Economic Force" roundtable at the closing day of The Corporate Council on Africa's (CCA) 7th Biennial U.S.-Africa Business Summit: Realizing the Investment Power of Africa. The panelists highlighted opportunities to help drive economic growth in Africa by unleashing the economic potential of women. It was the first-ever session focused on the economic role of women at the summit, a gathering of over 1,500 participants including heads of state, government officials, and corporate leaders from around the world.

The roundtable featured Melanne Verveer, U.S. Ambassador-at-Large for Global Women's Issues at the U.S. Department of State; Eunice Kazembe, Malawi Minister of Trade and Private Sector Development; Dr. Jennifer Riria, CEO of the Kenya Women Finance Trust and Vice Chair of Women's World Banking; Dr. Emeka Nwankwo, CEO of Vertical Optimization; and Kah Walla, Director of Strategies!, a woman-owned consulting firm in Cameroon that competes in markets across Africa.

ExxonMobil has committed more than $150 million to Africa community outreach programs since 2000. ExxonMobil's Women's Economic Opportunity Initiative (previously the Educating Women and Girls Initiative) was launched in 2005 and has invested more than $20 million in programs that have involved women from 64 developing countries.

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