Companies looking to invest in Africa can now apply for funding under the Development Investment Fund. The starting signal for the program Africa Connect, which is open to German and European companies, fell on 4. June in Berlin.
The German Federal Development Minister Gerd Müller: “The demand for good governance, increased private investment and fair trade - these are the three pillars of the new development cooperation with African countries. It is now necessary to strengthen official development cooperation, in particular to expand technology and education transfers. With the new instrument of the development investment fund, we are now entering an African SME promotion program with new, attractive framework conditions for private investments. Off to Africa, that is where the future markets are! "
In the future, German and European companies will receive loans on attractive terms for their projects in Africa. Decisive for funding is the economic, ecological and developmental sustainability of the investment. Thus, funded projects have to create added value on the ground - training, skilled jobs, new perspectives for young people. DEG - German Investment and Development Company - advises, audits and accompanies companies throughout the entire investment cycle.
All information is available here!