BERLIN – The deputy spokesperson for the German government has announced that German Chancelor Angela Merkel will host the the G20 Compact with Africa (CwA) on Aug 27.
As many as 27 heads of state and governments from Africa will take part in the conference, along with representatives from Egypt and Tunisia.
The G20 Compact with Africa (CwA) was initiated under the German G20 Presidency to promote private investment in Africa, including in infrastructure.
The CwA’s primary objective is to increase attractiveness of private investment through substantial improvements of the macro, business and financing frameworks.
It brings together reform-minded African countries, international organizations and bilateral partners from G20 and beyond to coordinate country-specific reform agendas, support respective policy measures and advertise investment opportunities to private investors.
The initiative is demand-driven and open to all African countries. Since its launch in 2017, the CwA has sparked great interest.
So far, twelve African countries have joined the initiative: Benin, Burkina Faso, Côte d’Ivoire, Egypt, Ethiopia, Ghana, Guinea, Morocco, Rwanda, Senegal, Togo and Tunisia.
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