A new basis for the cooperation with Africa
From agricultural to market society
Seldom is the African market discussed in terms of an opportunity for international cooperation. As long as Europe and the USA subsidise their agriculture, African farmers have no place within the European markets. A stable middle class struggles to develop in consequence. Germany and Europe could help trigger a turnaround if processes of endogenous development were supported by economic measures and technological and research collaborations.
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The German G20 Presidency puts the spotlight on Africa’s economic development. In its ´Compact with Africa´, the German G20 Presidency, jointly with the African partners, wants to encourage institutional investment by pension funds and life insurers in infrastructure to encourage corporate direct investment. The objective of the “Compact with Africa” is to boost growth and jobs, promote inclusion and give people economic opportunities at home so that they do not have to leave their home country to seek subsistence elsewhere. 