While Covid-19 has hit world markets very hard, African economies are showing more resilience than others. Out of the 37 countries escaping recession this year, 22 are African according to the IMF’s latest forecasts. Post Covid-19, Africa will remain the fastest growing region in the world, and one where a new world also means new deals. German companies have increasingly made successful business in Africa over the recent past and opportunities for German businesses and public sector companies will only grow as Africa builds sustainability and cleaner energy mixes in a post Covid-19 world.
To explore the opportunities offered to German companies in a post Covid-19 Africa, the Germany-Africa Business Forum (GABF) will organize an exclusive webinar in cooperation with Africa Oil & Power on August 6, 2020 at 16:00, South Africa Standard Time. The event will explore the deals that are set to shape up the post Covid-19 German-African economic and business relations. Key confirmed participants include, among others, NJ Ayuk, Executive Chairman at the African Energy Chamber and CEO of the Centurion Law Group; Sebastian Wagner, Co-Founder of the GABF and Executive Director at DMWA Resources and Tim Gengnagel, Deal Accelerator at Rwanda Development Board.
“Covid-19 has shown us how quickly the world can be brought to a standstill and how fragile the current global economy is. In such times of crisis, it is especially important to show solidarity and fight the virus together,” said Sebastian Wagner, Co-Founder of the GABF. “Nevertheless, the crisis should not be seen in a purely negative light. Instead, we should use the time of deceleration to reflect on the mistakes of the past and thus build the foundations for a more stable network between Germany and Africa,” he added.
The webinar will put a specific focus on digitalization and energy transition, two major pillars on which the economic and investment cooperation between Germany and Africa is expected to grow in the future.
About the Germany Africa Business Forum:
The Germany Africa Business Forum (GABF) is a private think tank whose goal is to strengthen investment ties between Germany and Africa. As a “private for privates,” the GABF encourages German investors to consider the African continent as a profitable and important investment destination.