This year, Germany will host the first ever privately held event exclusively dedicated to strengthening trade and investment ties between Germany and the African continent.
The Germany-Africa Business Forum, which will take place March 23, 2017 in Frankfurt, capitalizes on a wave of interest taken by the German government and companies to increase their engagement with African countries.
Last October, German Chancellor made a 3-day visit to Mali, Niger and Ethiopia, vowing that Africa would be a major focal point of its G20 presidency, which began in December 2016.
Even with annual trade with Africa of 60 billion US Dollars, Germany has lagged behind other countries that have done more to seize trade opportunities.
The Germany-Africa Business Forum will seek to familiarize German companies with the continent and diversify their investment base.
According to APO, out of more than 10 billion US Dollars in German investments on the continent each year, 90 percent is with just three countries – South Africa, Nigeria and Algeria.
[www.fanabc.com]
