Africa: President Kagame in Germany for G20 Compact With Africa Summit

press release

President Kagame is in Berlin, Germany where he joins other African leaders for this year's G20 Compact with Africa Investment Summit and Conference.

The G20 Compact with Africa (CwA) was launched in 2017 under the German G20 Presidency. 12 African nations have so far joined the initiative: Benin, Burkina Faso, Côte d'Ivoire, Egypt, Ethiopia, Ghana, Guinea, Morocco, Rwanda, Senegal, Togo and Tunisia.

This year's events will begin with an Investment Summit which will highlight investments resulting from the G20 Compact with Africa partnerships. Rwanda will present its partnership with Volkswagen and Siemens. Later in the afternoon, German Chancellor Angela Merkel will host a conference for Heads of State from partner countries to discuss the Compact with Africa.

Key Facts:

Global FDI flows were down 13% in 2018, the third consecutive year of decline. However, Africa recorded nearly 11% FDI growth in 2018, reaching $46 billion. In 2018, FDI to CwA countries reached $21 billion (46%) of total FDI flows to the continent.

German business interests in Rwanda are expanding. From 2000 to September 2019, the Rwanda Development Board has registered 17 German investments (totalling above $257 million) across a range of sectors: energy (4), mining (1), services (4), construction (3), ICT (1), agro-processing (1) and manufacturing (3).

See What Everyone is Watching

More From: Rwanda Govt

Don't Miss

AllAfrica publishes around 700 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.