Running discussion on SP, page-31790

Thanks for that Tasty Morsel Thorgin, things are Definately looking Up for Africa atm

Especially from our German friends on a one way Trip to EV Town ( Manono )

Fyi, Just to reiterate incase anyone missed it, fwiw


German interest in Africa as an investment destination has continued to grow and we hope to see a more diversified investment beyond energy and sales of German products to Africa.

Africa is and will continue to be an investment market with the potential for significant growth post Covid and superior returns.

While South Africa and Egypt have seen a huge part of German investment, Ghana, Nigeria, Tanzania, Congo DRC and Zambia are considered hot spots for potential investors from Germany.

Projects in the financial services, climate change, energy poverty, health care, energy transition, manufacturing, retail and consumer goods have seen a huge increase.




*Plus fyi,

Germany looks to facilitate private sector investments in Africa

The German government’s policy, in terms of targeting its ODA spending, has followed the principle of diffusing aid globally on the basis of need, with little geographical bias. Its development finance institution – DEG – has reflected this policy, having a global geographical focus for its investments portfolio. However, with the recent ‘AfricaConnect’ €400 million initiative under DEG’s management, the German Development Ministry is looking to increase private sector investments and cooperation with the African continent.

The German Investment Corporation (DEG), one of Germany’s development actors, is one of the largest DFIs in Europe.

With more than half a century of experience in development finance, it provides funding and advice to German and local companies operating in developing countries and emerging economies.

In 2019, DEG facilitated entrepreneurial investment of EUR 11.1 billion in developing and emerging market countries.

It provided around EUR 1.85 billion for this purpose from its own funds, a figure that come close to the result of the previous year (2018: EUR 1.87 billion).

DEG’s current portfolio grew by around 8% in 2019 to reach EUR 9 billion, with investments in more than 80 countries.

The DEG’s priority investment areas are the financial sector, the manufacturing industry, infrastructure and agribusiness.

The fund’s portfolio includes investments and financing in the following regions: Asia, Latin America, Africa (with a focus on sub-Saharan countries) and European countries outside the EU, as well as the financing of supra-regional projects.

In 2019, the German development minister, Gerd Müller, announced a new €1 billion Development Investment Fund for boosting private investments in Africa.

The fund’s goal is to facilitate and support the entry of German businesses into African markets or to help African businesses grow.

The new fund has three pillars: ‘AfricaConnect’, “‘AfricaGrow’, and the ‘Business Network Africa’.

The fund’s first initiative is the DEG led ‘AfricaConnect’ initiative, under which German and European companies can apply to receive loans on attractive terms for their projects in Africa providing their planned investments are ecologically and socially sustainable.


“This is where the future growth markets lie. Africa is home to six of the world’s ten fastest-growing economies”, stated Müller of the initiative.

www.developmentaid.org