Germany to invest more in Africa
30 April 2013, 11:46
Pretoria - Germany is to increase its economic investment in Africa, Foreign Affairs Minister Guido Westerwelle said in Pretoria on Monday.
His country was seeking partners in Africa to do business with as equals, he told reporters after meeting his South African counterpart Maite Nkoana-Mashabane in Pretoria.
"This is a strategic decision of the government in Germany to seek new opportunities in Africa, especially in South Africa. We think Africa is a continent of opportunities.
"We need investments. We need to trade and establish partnerships between equals. We need partnerships in skills development, vocational training, education and science."
Westerwelle is leading a Germany business delegation which has toured Ghana and will be heading to Mozambique.
Nkoana-Mashabane said Germany extensively supported South Africa’s development priorities and had allocated around R3.4m during the 2012/13 period.
"Africa is on a massive infrastructure building [exercise] which will help unlock the potential of our continent."