German companies want to boost their activities in Africa next year, especially in areas such as green hydrogen and liquefied natural gas, with 43% planning to increase investment in the continent, a survey seen by Reuters on Tuesday showed.
The poll of members of the German-African Business Association also showed that a further 39% of Association's members aim to keep their spending levels in Africa stable.
German companies invested about 1.6 billion euros in Africa in 2021, of which about 1.1 billion euros went to the sub-Sahara region, according to economy ministry data. "The field of green hydrogen and liquefied gas will give a new impetus in many countries," he said, highlighting Senegal, Nigeria and Mauritania as countries with investment potential.The survey showed that 56% of the companies viewed their business activities in Africa in 2022 positively and a further 7% rated them "very good".
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kaizer Chiefs boss: Women's game in Africa has a long way to goKaizer Chiefs' Jessica Motaung feels that the business side of women's football in Africa needs an overhaul.
Read more »
More than 500 babies born on Christmas Day in South AfricaMore than 500 babies born on Christmas Day in South Africa: More than 500 babies were born across the country between midnight and midday on Christmas Day, the majority of them in Gauteng.
Read more »
More than 500 babies born on Christmas Day in South AfricaMore than 500 babies were born across the country between midnight and midday on Christmas Day, the majority of them in Gauteng.
Read more »
More than 500 babies born on Christmas Day in South AfricaMore than 500 babies were born across the country between midnight and midday on Christmas Day, the majority of them in Gauteng.
Read more »
Child nutrition programmes can feed inequality: model from South Africa shows how context shapes livesInterventions to improve nutrition, especially for children and pregnant women, can be critical for health, physical growth and cognitive development, enabling better lives and futures.
Read more »
Unique travel destinations in Southern AfricaUnique travel destinations in Southern Africa: Here are some unforgettable and luxurious places to travel to when looking to enjoy some downtime
Read more »