Germany used its G-20 presidency to call on governments and business to boost private investment in Africa, during a two-day conference with leaders from the continent in Berlin this week.
The meeting highlighted Germany’s bid to use its G-20 presidency to urge donors to move beyond traditional development assistance and toward more private investment in African countries. The conference, themed “Investing in a Common Future,” comes ahead of next month’s G-20 summit in Hamburg.
"We need an initiative that does not talk about Africa, but with Africa,” Chancellor Angela Merkel said at the launch of the gathering. Attendees to the gathering included African heads of state, representatives from the G-20 nations, and leaders of international financial institutions and global corporations.