“Creating and maintaining secure access to food systems in Africa is crucial for the continent’s economic development,” said Stefan Liebing, Chairman of the Africa Association of German Business at the opening of the 7th German-African Agribusiness Forum (GAAF).

The continent is witnessing rapid urbanization and improving economies, prompting experts to dub it the final frontier for global carmakers. The German auto industry is switching gears with billions at stake.

In view of the negative impact of the Covid-19 pandemic on international trade, a group representing German companies doing business with Africa has warned that the Corona crisis could reverse the continent’s economic successes of the past decade if counter measures are not taken. It’s calling on the German government to take concrete steps to stabilise German-African economic relations in the short term.

Vice President Yemi Osinbajo yesterday declared that dealing with the disruptions caused by COVID-19 on economies and livelihoods, stronger international cooperation and collaboration among countries was crucial to expedite economic recovery.

Osinbajo stated this during the 8th German-Nigerian business forum that held virtually. The event also featured presentations by representatives of the German and Nigerian business communities.

A financing agreement was recently signed between the German energy company Clean Power Generation and Frontier Investment Management ApS for a solar photovoltaic project in the mining town of Boké in Guinea. The project will supply Boké and Kamsar with 82 MWp.

The West African nation of Guinea will be hosting 3 solar PV projects with a combined capacity of 82 MW after CleanPower Generation GmbH, a German renewable energy developer operating in Sub-Saharan Africa, secured a financing agreement with Frontier Energy, a fund of the Danish fund manager Frontier Investment Management Company.