For the first time since the establishment of the Think20 (T20) process, Think Tanks from across Africa have met with T20 Think Tanks to discuss the G20 agenda and potential opportunities for Africa-G20 cooperation.
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For the first time since the establishment of the Think20 (T20) process, Think Tanks from across Africa have met with T20 Think Tanks to discuss the G20 agenda and potential opportunities for Africa-G20 cooperation. The T20 Africa conference was organized by the South African Institute of International Affairs (SAIIA), the German Development Institute / Deutsches…
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.
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Missing infrastructure limits development
One of Germany’s goals under its G20 Presidency is to achieve sustainable economic progress in Africa, particularly through infrastructure investment. A concrete, actionable deliverable could be for the G20 to help support Africa50 – a new Africa-owned and led infrastructure investment initiative – get off the ground.
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Supporting Industrialisation in Africa
When they met in Hangzhou, China in September 2016, the G20 leaders launched the Initiative on Supporting Industrialisation in Africa and Least Developing Countries. It is certainly one on which Germany can build in the course of its own presidency in 2017. And hence, important that Germany sustain the momentum of this Initiative.
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