German Chancellor Angela Merkel hosts 13 African leaders to a high-level dialogue on Tuesday, 19 November in Berlin. Also to attend the summit are the heads of multilateral institutions such as the World Bank, African Union, African Development Bank and International Monetary Fund.
The summit, which is holding within the context of the G20 initiative Compact with Africa (CwA), will discuss “opportunities to enhance the business environment and increase investment in African countries”.
CwA was initiated under the German G20 Presidency in 2017 to promote increased private sector investment in Africa, including in infrastructure.
African heads of states and government expected at the 1-day meeting are those of the 12 partner countries of the CwA (Egypt, Ethiopia, Benin, Burkina Faso, Côte d’Ivoire, Ghana, Guinea, Morocco, Rwanda, Senegal, Togo, Tunisia), and South Africa.
The CwA’s primary objective is to increase the attractiveness of private investment in African countries through substantial improvements in the business climate in the continent. It brings together “reform-minded” African countries, international organizations and bilateral partners from the G20 and beyond to coordinate country-specific reform agendas.
An investment conference organized by Afrika-Verein (Africa Association of German Business) in collaboration with the Sub-Saharan Africa Initiative of German Business (SAFRI) will accompany the summit. The ‘G20 Investment Summit-German Business and the CwA Countries’, to be declared open by Chancellor Merkel, provides a forum for African leaders to advertise their investment opportunities to German companies. It also offers opportunities for German companies to make investment proposals to the African leaders.