By RFPosted on 19-11-2019Modified on 19-11-2019 at 19:42

Twelve African heads of state are meeting in Berlin for a conference to take stock of the "Compact with Africa" ​​initiative launched by Germany two years ago in the G20. Its aim is to promote the reforms of the participating countries to make them more attractive to investors and to develop their economies. A project launched by Germany to reduce migratory pressure in Africa.

With our correspondent in Berlin , Pascal Thibaut

" Africa offers more opportunities than risks, but much remains to be done ." Angela Merkel was optimistic at the opening of the Berlin meeting. It was an opportunity to take stock of the progress of the G20 " Compact with Africa " program initiated by Berlin two years ago.

At the opening of the conference, the German Chancellor urged the twelve participating countries to maintain their efforts to develop the rule of law and the transparency of economic regulations in order to make it more attractive for foreign investors to start with the Germans.

Angela Merkel on the other hand called the Germanic companies to invest more massively in Africa .

President Ouattara welcomed the opening of a representative office of the German business community in Côte d'Ivoire. But the companies concerned complain about the difficulties in obtaining credits for their investments. If their commitment increases, the volume of trade remains lower than that between Germany and Hungary.

The African Heads of State present insisted on the reforms carried out. This development is confirmed by a study by a German foundation, which regrets that, on the other hand, the investments of the G20 countries in Africa are not progressing significantly.

Christian Hiller von Gaertringen economist and financial expert on investment in Africa

19-11-2019 - By RFI

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