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G20 Investment Summit - German Business and the Compact with Africa Countries


Within the G20 Compact with Africa Initiative (CwA), German Chancellor Dr Angela Merkel and the African Heads of State of the Compact with Africa Partner Countries met for the second Investment Conference in Berlin on November 19th, 2019.

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Africa - A continent of opportunities

The German-African Business Association (Afrika-Verein der deutschen Wirtschaft) is a foreign trade association representing companies and institutions active in Africa or wanting to become active on the African continent. We are Europe´s largest africa-focused business network and provide our members with valuable contacts in Germany and Africa. We consult, establish reliable contacts and provide information. Members profit from our decades-long experience in Africa related issues and a wide network in Africa, Germany and the world. Join us and become a member!

The Association was founded in 1934. Now, in 2019 we have over 550 members. Our members are mainly German, but also African companies, institutions and individuals. The Afrika-Verein offices are situated in Hamburg and Berlin, Germany.

Dynamic growth, improved economic policy, political stabilisation: Africa is a region undergoing change with enormous potential for German business.

  • Many African countries have been among the fastest growing economies in the world.
  • Increasing numbers of German companies are taking advantage of the business opportunities: around 1.000 German businesses are active in Africa today which create about 200,000 jobs on the continent.
  • Foreign trade between Germany and Africa totalled some € 45.1 billion in 2018 (German exports: € 22.6 billion, African imports € 22.5 billion).