Already 21 percent of German companies do business with African customers. Within five years, the export volume has doubled from Germany to the African continent. The German Industry and Commerce Chamber expects in the next ten years further increases up to 15% per year. A consumer market of over one billion people in over 50 different countries is ready to develop.
African countries on the other side are currently investing huge amounts of money in infrastructure projects, ports, railway lines and power plants. The revenues from commodity sales and the rise in world commodity market prices have filled the pockets of several African countries. Africa has become self-confident, Africa is the continent of opportunities.
"In Africa today, we recognise that trade and investment,
and not aid, are the pillars of development."
Paul Kagame, President of Rwanda.