2017 Germany-Africa Business Forum holds March

42 views0

2017 Germany-Africa Business Forum holds March

By

Germany and African countries seek to strengthen trade and investment ties at the Germany-Africa Business Forum (GABF) which will take place on March 23, 2017 in Frankfurt, Germany.
GABF

GABF

The Germany-Africa Business Forum (GABF) is anchored in the private sector and exclusively dedicated to strengthening trade and investment ties between Germany and the African continent.The GABF brings together Africa’s foremost executives with German companies, policymakers, investors and innovators with the aim of driving change.It seeks to “bridge the gap” by facilitating dialogue, business dealings and dynamic commercial and political interchange.The Germany-Africa Business Forum (GABF) draws together African business, political and societal leaders with Germany’s preeminent companies and policymakers in order to:
  1. Strengthen the relationship between German and African business communities.
  2. Forge stronger trade and investment ties by capitalizing on the tremendous potential to increase commerce, create jobs, build economic partnerships and promote sustainable development.
  3. Develop fresh commercial and social concepts that shape business, as well as economic and political thought and institutions.
The GABF 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, 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. Out of more than $10 billion in German investments on the continent each year, 90 percent is with just three countries ”“ South Africa, Nigeria and Algeria.“There is a consensus that Africa remains ripe for German Mittelstand companies are already showing an interest in places where their skills and technology can bring value,” said Charles Huber, MP and Member of the Committee on Economic Cooperation and Development, Republic of Germany, a keynote speaker at the forum.“Germany’s need to expand to new markets coincides with increasingly healthy economic indicators in many African countries, including a growing middle class, more political stability and an appetite to develop manufacturing domestically. What Africa appreciates is in particular German work ethic, precision and reliability.” Huber added.Germany shows a strong need to expand to new markets, with companies doing just 2 percent of their business in Africa.“There is already a strong foundation of trade relations between Nigeria and Germany and an even stronger rationale to expand upon them,” said the Honourable Okechukwu E. Enelamah, Minister of Industry, Trade & Investment of Nigeria, one of the speakers at the event.“Nigeria is Africa’s largest economy, one of its most stable democracies and boasts a business-friendly climate. And whether it is construction, manufacturing or technology, German companies carry a legacy of innovation and know-how that can deliver tremendous value for both sides.” Enelamah said.Already confirmed as speakers for the Germany-Africa Business Forum include;
  1. Charles Huber, MP and Member of the Committee on Economic Cooperation and Development, Republic of Germany;
  2. Okechukwu E. Enelamah, Honourable Minister of Industry, Trade & Investment of Nigeria;
  3. E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea; and
  4. Carole Kariuki, CEO of the Kenya Private Sector Alliance.
The GABF aims at bringing together shrewd entrepreneurs, key opinion leaders and social influencers, CEO’s and selected politicians and non-governmental organizations to develop fresh commercial and social concepts that shape business, as well as economic thought and institutions.

Discover more from NewsBreakers

Subscribe to get the latest posts sent to your email.

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0
Previous
Next

Comments are closed.