Kagame in Germany for G20 Investment Summit
President Paul Kagame has arrived in Berlin, Germany where he will join Heads of State from various African countries for the G20 Compact with Africa Investment Summit hosted by German Chancellor Angela Merkel, the Presidency has revealed via Twitter handle.
The G20 Investment Summit is considered a unique opportunity to meet high-ranking representatives from business and politics.
The summit taking place from 27th August 2021; will feature talks from entrepreneurs and politicians from Africa and Germany about the importance of good governance, investment opportunities in the Compact with Africa (CwA) countries and initiatives for trade and investments.
The aim is to attract attention to engage even more German companies in the CwA markets and enhance their investments.
So far, twelve African countries that have joined the Compact with Africa initiative include Benin, Burkina Faso, Côte d’Ivoire, Egypt, Ethiopia, Ghana, Guinea, Morocco, Rwanda, Senegal, Togo and Tunisia.
The event is organized by the Sub-Saharan Initiative of German Business (SAFRI) and the German-African Business Association (AV), in cooperation with the Federation of German Industries (BDI), the Federation of German Wholesale, Foreign Trade and Services (BGA), and the Association of German Chambers of Commerce and Industry (DIHK) and will take place in a hybrid format on Friday 27th August 2021.
The G20 Compact with Africa (CwA) was initiated in 2017 under the German G20 Presidency to promote private investment in Africa including, in infrastructure.
The CwA’s primary objective is to increase attractiveness of private investment through substantial improvements of the macro, business and financing frameworks.
It brings together reform-minded African countries, international organizations and bilateral partners from G20 and beyond to coordinate country-specific reform agendas, support respective policy measures and advertise investment opportunities to private investors.
The initiative is demand-driven and open to all African countries.