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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Investitionen Grundvoraussetzung für Wachstum.
Die europäische Entwicklungszusammenarbeit ist nur eine Akteurin, die es mit globalen Herausforderungen aufnimmt. Sie spielt allerdings eine entscheidende Rolle auf dem internationalen Parkett. So ist sie nicht nur größter Geldgeber globaler Entwicklungshilfe.
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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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Africa is being blackmailed
The next EU-Africa summit is due to take place in Abidjan in November. This requires a vision of peaceful, legal partnership with and for each other. This can only be the creation of self-supporting economic development in Africa. Although development cooperation has a catalytic function here, private investments are decisive. In this case, it is advisable to ask oneself the following: which elements of mutual interest can and should we change? The EU’s Economic Partnership Agreements with African countries and country groups should be named in this context as an example.
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