German Government Supports African Startups and Sm Es Through €1 Billion Africa Fund

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German Government Supports African Startups and Sm Es Through €1 Billion Africa Fund
German Government Supports African Startups and Sm Es Through €1 Billion Africa Fund

The German government has launched a €1 billion Africa fund in order to support African startups and small businesses, as well as German and European companies.

The Africa fund is part of the G20 Compact with Africa initiative which was launched in 2017 to promote investment in Africa. The fund will cover at least 12 African countries, including Benin, Burkina Faso, Egypt, Ethiopia, Ghana, Guinea, Ivory Coast, Morocco, Rwanda, Senegal, Tunisia, and Togo.

The initiative kicks off in partnership with the International Monetary Fund (IMF), the African Development Bank (AfDB), the World Bank, and African heads of state. It fulfills German Chancellor, Angela Merkel’s pledge in October last year at the G20 Compact with Africa Summit.

According to last year’s G20 meeting in Berlin, Merkel highlighted that Africa had huge potential for growth and noted that the country’s future plan would focus more on Africa as it had good economic prospects.

CENTER FOR AFRICAN STUDIES

Center for Africa Studies (AFRAM) which located in Ankara, is an organization facilitating under the administration of African Affairs Council (AFAC). It makes various researches about Africa to enhance economic and cultural bounds between Africa and Turkey. AFRAM’s publishings has been shared with different institutions as they require to obtain.

AFRICA OBSERVATORY

Africa Observatory is one the publishing of AFRAM and it has been published each two weeks. It has been delivered to different institutions via e-mail.



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