Merkel pledges around 300 million euros investment to Africa ahead G20 summit

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Merkel pledges around 300 million euros investment to Africa ahead G20 summit

German Chancellor Angela Merkel has pointed out the need to combat poverty in Africa as a way to stem the mass migrant flow to Europe. Merkel has made ties with Africa the focus of Germany’s G20 presidency, pledging around 300 million euros investment to African countries, Deutsche Welle reported.

 

The chancellor hosted several African leaders in Berlin, including heads of Egypt, Ghana, Cote d’Ivoire, Mali, Niger, Rwanda, Senegal and Tunisia, as well as officials from the World Bank, IMF and African Union, aiming to boost business cooperation in the region.

The two-day meeting, themed “Compact with Africa”, aims at increasing sustainable private sector investment, as well as improving  infrastructure and tackle unemployment.

Germany has pledged around 300 million euros investment to Africa countries, but the aid is only for those “reform-oriented countries” and will “take the same road with Germany against corruption, for transparency and implementing human rights.”

The financial support was also targeted at curbing the influx of migrants into Germany.

 

 

 

 

 

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