43% of German companies anticipate increasing their investments in Africa in the upcoming year, particularly in sectors like green hydrogen and liquefied natural gas.
A further 39% of association members polled by the German-African Business Association said they wanted to maintain their level of expenditure in Africa.
According to Christoph Kannegiesser, the association’s head, “the majority of businesses aim to increase their activity in the upcoming year.” “
According to data from the economy ministry, German companies invested around 1.6 billion euros in Africa in 2021, of which about 1.1 billion euros went to the sub-Saharan region.
The poll revealed that 56% of the businesses thought of their operations in Africa in 2022 positively and a further 7 per cent rated them “very good”.