Journey as a signal / Chancellor Scholz’s first trip to Africa
Berlin, Bonn (GTAI) (ots) – Federal Chancellor Olaf will visit from May 22nd to 25th
Scholz Senegal, Niger and South Africa. The Chancellor is accompanied by
a business delegation. This is no coincidence, since some African countries, so
also Senegal, among the fastest growing economies in the world
belong.
“It is a strong signal for German-African relations that
Chancellor Scholz in the first few months of his chancellorship
Africa travels. The African continent is moving forward when it comes to energy and
Raw materials, but also as a production location, are increasingly coming into focus. So far
the German economy is nevertheless rather hesitant to get involved in the
continent, there’s still a lot of room for improvement,” says Jürgen Friedrich,
Managing Director of Germany Trade & Invest (GTAI).
The World Bank forecasts economic growth of 3.8 for the region
percent in the current year and 4.0 percent for 2023. Worldwide, the
World Bank each with growth of 3.6 percent. With that, Africa could again
get on a more dynamic growth path, which is for further development
of the continent is also necessary.
“The countries of Senegal, Niger and South Africa form the diversity of the African
continent. South Africa is a traditionally important trading partner and above
There are more than 400 German companies, including three German ones
Automobile manufacturer, active. Niger, on the other hand, is one of the poorest countries in the world
World. And Senegal is showing the opportunities with its rapid growth rate
for German companies in Africa”, explains Daniela Vaziri,
Africa expert of the GTAI.
With South Africa alone, Germany has a trade volume of 20.3 billion euros
– comparable to Brazil (18.0 billion euros) or India (23.3 billion
Euro). The motor vehicle industry and the
resource sector. The trade volume with Senegal is 213.2 million euros
much lower. German exports to the West African country increased
however – also during the corona pandemic – in the past years
binary.
“Basically, that’s a good sign, but we’re moving on one here
relatively low level. Ultimately, this also has to do with the fact that the
access to the African market as a whole is not easy. But he is
definitely far too important for the German economy in the future to be
leave him alone or the competition from Europe and above all
from Asia,” explains Jürgen Friedrich.
Further information on Africa is available at: http://www.gtai.de/afrika
and http://www.africa-business-guide.de
Germany Trade & Invest (GTAI) is the economic development agency of the
Federal Republic of Germany. The society informs German companies
About foreign markets, promotes the business and technology location
Germany and supports foreign companies in settling in
Germany.
Press contact:
Andrew Bilfinger
T +49 (0)30 200 099-173
mailto:[email protected]
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Further material: http://presseportal.de/pm/74441/5228210
OTS: Germany Trade & Invest