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BERLIN (AP) – Chancellor Angela Merkel met Tuesday with a group of African leaders, international organizations and business leaders to promote a program launched under the German presidency of the Group 20 to encourage private investment in Africa.
The World Bank, the International Monetary Fund and the African Development Bank, the G20 hopes to create the necessary conditions in African countries to attract private investment, including economic stability, anti-corruption systems and financing.
Bringing together "reform-oriented" African governments to coordinate continent-specific plans on a continent that, Merkel said, has been too often neglected.
"The central idea of the Pact with Africa is not only to talk about Africa, with Africa," Merkel said.
"For many years, we have been very focused on Asia," Merkel added. "I think that in the future we will have to turn more towards Africa."
The pact is open to all African countries. To date, 11 countries have joined: Benin, Côte d'Ivoire, Egypt, Ethiopia, Ghana, Guinea, Morocco, Rwanda, Senegal and Togo. South African President Cyril Ramaphosa was Co-Chair of the G20 Advisory Group for Africa.
of a meeting on trade with Africa, with center from left to right, President of Rwanda, Paul Kagame Austrian Chancellor Sebastian Kurz, German Finance Minister, Vice Chancellor Olaf Sc Holz, German Chancellor Angela Merkel and German Development Minister Gerd Mueller at a meeting at the "Compact with Africa" conference on trade, aid and diplomacy, meeting at the Chancellery in Berlin, on Tuesday, October 30, 2018. (John Macdougall / Pool via AP)
Summit, German industrial conglomerate
Siemens announced that it has signed an agreement with Togo on a new gas-fired power plant and on the development of A multi-year plan to improve the competitiveness of Egyptian industry. German Development Agency for International Cooperation and other partners on a mobility project to make electric vehicles accessible to local residents in the Rwandan capital, Kigali.
The project includes a VW production facility for vehicle badembly, as well as the infrastructure necessary for electric mobility.
Siemens President Joe Kaeser told attendees that favorable conditions would increase investment and create jobs for Africans.
"This will help us win the fight against poverty and overcome the social divide," he said.
The head of a German honor guard is covered by the Ethiopian flag while it lies at the entrance to the Chancery before the arrival of Ethiopian Prime Minister, Abiy Ahmed Ali, for a meeting with German Chancellor Angela Merkel in Berlin, Germany, Tuesday, October 30, 2018. (Photo AP / Markus Schreiber) [19659018] German Chancellor Angela Merkel , on the right, greets South African President Cyril Ramaphosa, left, for a meeting at the Chancellery in Berlin, Germany, on Monday 29 October 2018. (Photo AP / Markus Schreiber) ” clbad=”blkBorder img-share” />
German Chancellor Angela Merkel, on the right, greets South African President Cyril Ramaphosa, left, for a meeting at the Chancellery in Berlin, Germany, on Monday 29 October 2018. (AP Photo / Markus Schreiber)
![German Chancellor Angela Merkel meets with staff members before the # Arrival of Ethiopian Prime Minister Abiy Ahmed Ali at the Chancellery in Berlin, Germany on Tuesday, 30 October. , 2018. (AP Photo / Markus Schreiber) [19659031] German Chancellor Angela Merkel meets with staff members before the arrival of Ethiopian Prime Minister, Abiy Ahmed Ali, at the Chancellery of Berlin, in Germany, Tuesday, October 30, 2018. (Photo AP / Markus Schreiber) [19659017] German Chancellor Angela Merkel meets with staff members before the arrival of Ethiopian Prime Minister, Abiy Ahmed Ali, at the Chancellery in Berlin, Germany, on Tuesday, October 30, 2018. (Photo AP / Markus Schreiber) [19659033] German Chancellor Angela Merkel arrives at the chancellery hearth to welcome Ethiopian Prime Minister Abiy Ahmed Ali to a meeting at the Chancellery in Berlin, Germany, on Tuesday, October 30, 2018. (Photo AP / Markus Schreiber)](https://i.dailymail.co.uk/1s/2018/10/30/17/wire-5584354-1540922022-24_634x422.jpg)
