{"id":149998,"date":"2025-11-24T08:52:17","date_gmt":"2025-11-24T08:52:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/149998\/"},"modified":"2025-11-24T08:52:17","modified_gmt":"2025-11-24T08:52:17","slug":"germany-to-boost-trade-investment-links-with-africa","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/149998\/","title":{"rendered":"Germany to Boost Trade, Investment Links with Africa"},"content":{"rendered":"<p> (<a style=\"color:black\" href=\"https:\/\/menafn.com\" target=\"_blank\" rel=\"nofollow noopener\">MENAFN<\/a>) German Chancellor Friedrich Merz announced on Saturday that Berlin plans to allocate over \u20ac37 million ($42.63 million) to the African Trade and Investment Development Insurance (ATIDI) via the development bank KfW.<\/p>\n<p>This initiative is anticipated to unlock up to $500 million in trade and investment between German enterprises and African markets.<\/p>\n<p>\u201cWe will see even stronger trading links between Germany and African countries, more investment by German companies on the continent, more value creation in Africa,\u201d Merz stated during a side event at the G20 Leaders\u2019 Summit in Johannesburg, South Africa.<\/p>\n<p>He highlighted that Germany currently backs economic reform programs in the G20-supported Compact with Africa (CwA) nations with funding exceeding \u20ac3.2 billion.<\/p>\n<p>The CwA, which was launched under Berlin\u2019s 2017 G20 Presidency, aims to stimulate private investment and promote economic reforms across African countries.<\/p>\n<p>\u201cNow we see many success stories in many compact countries already, more investment, more jobs, but our task today and from now on to scale this up,\u201d Merz remarked, emphasizing the need to expand the initiative\u2019s impact.<\/p>\n<p>He described this expansion as \u201ca new phase,\u201d or \u201cCompact 2.0,\u201d noting that Zambia and Angola will join this year, increasing the number of participating countries to 15.<\/p>\n<p>Merz also extended his congratulations to Angolan President Joao Lourenco on Angola\u2019s inclusion in the compact.<\/p>\n<p><a style=\"color:black\" href=\"https:\/\/menafn.com\/1110384408\/Germany-to-Boost-Trade-Investment-Links-with-Africa\" target=\"_blank\" rel=\"nofollow noopener\"><\/p>\n<p>MENAFN23112025000045017167ID1110384408<\/p>\n<p><\/a><\/p>\n<p>  <\/p>\n<p> Legal Disclaimer:<br \/><a href=\"https:\/\/menafn.com\/\" target=\"_blank\" rel=\"nofollow noopener\">MENAFN<\/a> provides the<br \/>\n              information \u201cas is\u201d without warranty of any kind. We do not accept<br \/>\n              any responsibility or liability for the accuracy, content, images,<br \/>\n              videos, licenses, completeness, legality, or reliability of the information<br \/>\n              contained in this article. If you have any complaints or copyright<br \/>\n              issues related to this article, kindly contact the provider above.<\/p>\n","protected":false},"excerpt":{"rendered":"(MENAFN) German Chancellor Friedrich Merz announced on Saturday that Berlin plans to allocate over \u20ac37 million ($42.63 million)&hellip;\n","protected":false},"author":2,"featured_media":149999,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,46],"class_list":["post-149998","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/149998","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=149998"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/149998\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/149999"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=149998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=149998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=149998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}