Senegal, Equatorial Guinea to discuss post-COVID-19 investments in Africa with GABF webinar

The Germany Africa Business Forum says it is organising a webinar on ‘Business in Africa after Covid-19’

The webinar is slated for August 6. The “high-level” panel will be expanded with an opening speech by the Minister of Mines and Hydrocarbons of Equatorial Guinea, Gabriel Obiang Lima.

“We are proud to announce that Gabriel M. Obiang Lima, a true champion of German-African relations, will be enriching our webinar. We are excited that through his expertise and leadership, His Excellency Obiang Lima will bring fresh perspectives to the discussion,” said Sebastian Wagner, co-founder of the GABF.

Further, GABF said it was happy “to confirm” the participation of Senegal’s Director General for Cooperation and Financing, Ibrahima Mané, as a keynote panel member.

“German businesses have been important cooperation partners of Senegal for a long time. We are thus honored by Mr. Mané’s participation in our discussion,” added Wagner.

Other confirmed panelists are Onyeshe Tifase of Siemens, Tim Gengnagel of the Rwanda Development Board and Kenneth Reed of the GEA Group.

The panel, according to a statement by the African Energy Chamber, will discuss the business opportunities and possibilities arising post-COVID-19 between Germany and Africa.

It said, “Germany’s strong capabilities in LNG, petrochemicals, gas to power, biomass, and renewable energy have become central to the African energy agenda, with German expansion through the construction of world class facilities in Senegal, Rwanda, Equatorial Guinea, Kenya, Nigeria, Angola and other African countries.”

In 2019, the GABF launched a multimillion-euro funding commitment to invest in German energy startups that focus on Africa. The funding commitment, which pledges funds to German startups with exposure to African energy projects, is the first such intra-regional initiative.

“It goes in line with Germany’s renewed focus on Africa, with the Federal Ministry for Economic Cooperation and Development providing new stimulus to cooperation with the continent through the Marshall Plan with Africa,” added the statement.

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