Germany’s turn towards greater exchanges and relations with Africa
| While the results of a survey indicate the increasing desire of German companies to expand trade exchanges with Africa, the Prime Minister of Germany has organized a meeting known as trade with Africa, with the presence of many heads of countries in the region in Berlin. |
According to the report of the international group Tasnim news agency quoting the German newspaper “Wirtschaftswohe” so After years of hesitation, the German economy appears ready to increase investment in Africa. In a study conducted by the German African Business Association and KPMG Management Consulting and made available to Reuters, 59 percent of the surveyed companies said that they want to expand their business in the African continent due to geopolitical crises.
Accordingly, about 20 percent want to enter into this business relationship with this region for the first time. Two-thirds of them want to increase their investments due to Africa’s role as a business partner and a place for diversification. According to this study, 78% expect an increase in sales in their African business. in the next five years.
This study makes it clear that the German economy is lagging behind in Africa. 38% of the surveyed companies stated that international competition from China, for example, dominates Africa.
32% believe that international competition in this region is still growing.
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On Monday next week, German Chancellor Olaf Schultz will welcome prominent representatives of more than a dozen African countries at the so-called “Deal with Africa” summit. The purpose of this meeting is to promote cooperation with African countries that are particularly interested in reforms.
| publisher | Tasnim News Agency |
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