East Africa Outlook
Wednesday, 1 February 2023 12:00 13:00
Spearheaded by the increased strength of Kenya, Tanzania, and Rwanda’s national economies, East Africa has become the fastest growing region of the continent in recent years. However, the impact of the COVID-19 pandemic coupled with the Russian invasion of Ukraine has derailed the region’s growth trajectory. Rising food prices have become a key area of concern regarding food security, especially as the region is grappling with drought. An estimated 55 million people in East Africa are expected to be food insecure, up from 42 million in 2021 (World Bank, 2022).
Nevertheless, the agriculture, construction, and energy sectors in East Africa offer the potential to yield inclusive growth. The rise in global oil prices has resulted in greater interest in Africa’s gas reserves as sources of energy alternatives; the liquified natural gas project in Tanzania has sparked renewed investor interest. Equally, Kenya’s underdeveloped mining sector is experiencing growth from 10.9% of GDP in 2021 to 22.6% in 2022.
Southern Africa Outlook
Thursday, 26 January 2023 12:00 13:00
Southern Africa was the hardest hit sub-region during the COVID-19 pandemic causing regional GDP growth to contract significantly. Thus, these diverse economies are entering 2023 at various stages of economic recovery and development. A central theme for this year will be how countries in the sub-region can become less reliant on fossil fuels and investment opportunities in the renewable energy sector.
South Africa is the largest emitter of greenhouse gas annually owing to its substantial coal industry but will be performing an increasingly delicate balancing act between transitioning to a green economy while trying to ensure job security for those working with fossil fuels. This shift has the potential to achieve decarbonisation commitments at a quicker pace while promoting sustainable development. Increased investments in enabling infrastructure, particularly in Namibia’s high-profile green hydrogen projects, is set to support economic diversification as the Government pursues its plans to boost value-added processing and achieve export-driven growth. Equally significant is the discovery of liquified natural gas (LNG) in Mozambique. While LNG has been identified as the “cleanest” fossil fuel it is one, nevertheless.
North Africa Outlook
Tuesday, 24 January 2023 12:00 13:00
The theme across the African continent for national economies in 2023 is uncertainty. North Africa’s regional growth is forecast to slowdown in terms of real GDP growth, from an average of 4.2% in 2022 to 3.8% in 2023. The course of the Russia-Ukraine conflict remains highly unpredictable, resulting in unstable inflation rates consequently pushing up food and fuel prices for large sections of societies across North Africa. Economic recovery will be uneven as oil and gas producers in the region such as Algeria and Egypt have the potential to benefit from elevated energy prices and an international mood to wean Europe off Russian hydrocarbon exports, placing a sharper focus on Africa. Despite being the 3rd largest natural gas supplier to Europe, Algeria lacks the infrastructure to meet its own domestic and Europe’s rising demand. Yet this is also an area that could benefit from Algeria’s new investment laws passed in July 2022 that aims to stimulate the development of the country’s natural resources, technology transfer, job creation, and export capacity.
West Africa Outlook
Wednesday, 18 January 2023 12:00 13:00
West Africa will be striving for economic growth against the backdrop of a major pair of twin shocks: the lingering COVID-19 pandemic and the Russia-Ukraine conflict. While GDP is set to decline by 1.2% in Burkina Faso, Mali, Cote d’Ivoire, and Senegal, Niger’s GDP is forecast to increase (AfDB,2022). As most West African countries are import dependent, the soaring inflation rates both within the sub-region and globally, will undoubtedly lead to higher import bills and thus risk eclipsing the level of exports (WADO,2022). The challenge for the Economic Community of West African States (ECOWAS), which forms the financial backbone of the sub-region, will be to try to contain inflation rates low without supressing inclusive growth.
EU Funding for Africa, Opportunities for Greek Enterprises and the Role of the European Business Council for Africa (EBCAM)
On Friday, 16 December 2022, The Hellenic-African Chamber of Commerce and Development
has organized a virtual conference on the topic:
“EU Funding for Africa, Opportunities for Greek Enterprises and the Role of the European Business Council for Africa (EBCAM)”
The videoconference was a first-class opportunity to highlight the role of the European Business Council for Africa (EBCAM), in which the Hellenic - African Chamber is a member, regarding, inter alia, opportunities for European enterprises interested in trade and investment in Africa as well as the EU Funding for Africa and the recent developments on Economic Partnership Agreements (EPAs).
Hybrid B2B Roundtable H2Uppp - “Morocco’s Green Hydrogen Roadmap”
December 15th, 2022, 10.00 am – 12.00 pm
Afrika-Verein (Friedrichstrasse 206, 10969 Berlin) & via MS Teams.
The exchange with African stakeholders is essential which is why we are pleased to welcome a Moroccan private sector delegation with focus on green hydrogen within the framework of an H2Uppp activity.
The Moroccan green hydrogen roadmap aims to create an industry around green molecules in particular in hydrogen, ammonia and methanol to consolidate its energy transition by contributing to reducing greenhouse gas emissions and supporting decarbonisation in partner countries. The green hydrogen production will foster the kingdom’s economy and strengthen energy security. And the demand potential in Europe offers an opportunity to export green energy. Therefore, a private sector exchange is crucial to further support the German-Moroccan energy partnership.
9th German-African Agribusiness Forum
Afrika-Verein (German-African Business Association) and the GAA – German Agribusiness Alliance host the 9th German-African Agribusiness Forum The Path to Food Sovereignty – Sustainable and Resilient Agriculture for Africa
on January 23rd, 2023
in Berlin (Hotel Novotel Berlin am Tiergarten)
Let's discuss with appr. 200 guests and international experts on:
• How to achieve long-term sustainable solutions for food security and resilient value and supply chains?
• Financing Africa’s Agriculture – How to Encourage Private Sector Investment
• Smart farming, digitalization, and leapfrogging opportunities for African Agribusinesses
• Women in Agribusiness for a more Sustainable Agricultural Sector
• The Reduction of Post-Harvest Losses and Value Creation – killing two birds with one stone?
• The Agri Energy-Nexus: How to Combine Food Security with Energy Transition
• Cooperation for Food Security in Africa: How can Multistakeholder Partnerships Support the Food Systems of Tomorrow?
The whole recent program overview is available below for download.
MedaWeek Barcelona 2022
16th, 17th and 18th November 2022
Casa Llotja de Mar, Barcelona
The Mediterranean Week of Economic Leaders (MedaWeek Barcelona) is nowadays the iconic conference dedicated to promoting the Mediterranean region worldwide. This event endorses the key economic sectors and the cultural values of this region through a wide variety of forums. MedaWeek Barcelona serves as the main meeting point for voicing the interests of the private sector in the socio-economic development of the Mediterranean countries.
Commission Conjointe du CIAN "RSE & ODD" et "Ethique & Conformité" Directive européenne sur le devoir de vigilance : impacts sur les entreprises présentes en Afrique
8 décembre 2022
Auditorium de la Fédération Nationale des Travaux Publics (FNTP), 3 rue de Berri, 75008 Paris
La commission européenne prépare une Directive sur le Devoir de vigilance qui concernera plus spécifiquement les entreprises de plus de 500 salariés et 150 M€ de chiffre d’affaires (250 salariés et 40 Millions d’€ pour certains secteurs) qui devront mettre en œuvre des plans de vigilance couvrant leurs activités et celles de leurs fournisseurs sur l’ensemble de la chaine de valeur. Ces plans visent à identifier des risques d’atteinte au respect des Droits humains et à l’environnement, à mettre en place de mesures correctrices, et à les communiquer dans le cadre de rapports spécifiques.
Ce projet en discussion n’est pas sans incidence pour les entreprises françaises et européennes qui opèrent en Afrique, compte-tenu notamment de la complexité à établir de tels plans et à en garantir la conformité et la traçabilité dans des chaines de valeur elles-mêmes en développement.
Le devoir de vigilance peut dès lors être perçu comme un risque juridique et réputationnel pour les entreprises implantées en Afrique, ou comme un vecteur de bonnes pratiques de responsabilité sociétale et un levier de gestion de ces risques et de différenciation. Mais qu'en est-il vraiment ?
Harnessing Synergies through Successful Cooperation in Africa - Workshop II: Agricultural Mechanization for Food Security in Nigeria
November 23rd, 2022, 10.30 am to 12.30 pm,
online event (via MS Teams).
Afrika-Verein (German-African Business Association), the Business Scouts for Development, the German Agribusiness Alliance and the Delegation of German Industry and Commerce in Nigeria have the pleasure to invite you to the second workshop of the business series
Harnessing Synergies through Successful Cooperation in Africa
Workshop II: Agricultural Mechanization for Food Security in Nigeria
The Federal Ministry of Economic Cooperation and Development (BMZ) just announced a 100 Mio. support programme for Nigeria and underlined that one of the main focuses will be to support agricultural development.
To diversify Nigeria’s economy is also a priority of political actors in the country and the agricultural sector is high on the agenda. Even though the sector experienced considerable growth in the past years, it is still regarded as largely underdeveloped. Until now, the country is depending on food imports, including staples to feed its growing population. But, as only half of its vast agricultural land is already being used, there is large potential. By delivering inputs for agricultural mechanization, agribusiness can contribute to long lasting food security and value creation in Nigeria.