President’s Monthly Insight-January 2019

January 31, 2019 / Comments (0)

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Barring any changes, the much-talked-about next German-African Business Summit will be held from 11th to 13th February, 2019. The German-African Business Summit (GABS) is Germany’s signature business event in Africa and it’s a platform where top business and government leaders from Germany and Sub-Saharan Africa meet every two years in Africa to discuss and promote economic relations between Europe’s largest economy and the fastest-growing region in the world.

GABS, which is organized by the Sub-Saharan Africa Initiative of German Business (SAFRI), was first held in Germany with Kenya hosting the second event. The 3rd GABS, which chiefly among others will offer the country and the West African sub region the right set of circumstance to showcase their economic potential to attract international business investors, will be held in Ghana.

The high profile event is expected to bring high ranking business leaders and decision-makers from Germany and Africa to discuss business and issues of mutual interest. The GABS 2019 in Accra will be where German and African business interests congregate, where economic partnerships between Germany and Sub-Saharan Africa will be strengthened, and where business trends and market opportunities will be massively explored.

The Sub-Saharan Africa Initiative of German Business (SAFRI) is the voice of German business to policy-makers in Germany and the Sub-Saharan African region with the objective of deepening co-operation with the countries of Sub-Saharan Africa as well as fostering mutual trade and investment. Already, more German companies have been identified as opening offices in the country in response to the country’s favourable economic system which has created an investment climate that will boost private-sector development.

GABS 2019 is therefore a must attend event for every businessman, institution and organisation as it has the potential to increase investment opportunities for the African continent, for which Ghana stands to benefit immensely. Participants will have the opportunity to meet and network with about 500 high-ranking representatives from the business and politics sector from Germany and Sub-Saharan Africa; gather information on economic development, business opportunities, finance, digitalization and start-ups, etc.; as well as gain insights on current development and future potential for German-African business relations.

Obviously, Ghana has realised tangible fruits of our co-operation with Germany Other arrangements between Ghana and Germany such as the Interim Economic Partnership Agreement between the European Union and Ghana reinforced Ghana’s exports to the eurozone are already yielding good results and GABS provides us with further opportunity to reinforce and entrench the bond.

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