The promotion of foreign private investment has been an important component of various German-African initiatives since the launch of the Compact with Africa, which was drafted by the German government within the framework of the G20. While political discourse often focuses on how to best support German companies in their endeavours on the African continent, the extent to which investments actually contribute to sustainable development and poverty reduction has rarely been discussed.
A new study by WINS Global Consult, commissioned by Bread for the World, has explored this question at stake. Based on a number of examples, the study has developed recommendations for policy-makers, business and civil society on the conditions under which foreign private investment in Africa could contribute to development goals and which risks and challenges could be encountered in the process.
What are the results of the study? To what extent could the foreign investors’ ventures examined contribute to poverty-reducing added value? What impact do they have on conflicts between the environment, human rights and economic participation?
These and other questions were the core of the discussion to which Bread for the World and the German Africa Foundation invited.
Helle Døssing, Head of Africa Department, Bread for the World
Presentation of the Study:
Dr Matthias Witt, Managing Director, WINS Global Consult
Mohamed Conteh, Director, MADAM & SilNORF, Sierra Leone
Michael Krake, Head of Department Global Health, Economy, Trade, Rural Development, Federal Ministry for Economic Cooperation and Development
Jane Nalunga, Managing Director, SEATINI-Uganda
David Schwake, Secretary General, German Africa Foundation
Sabine Odhiambo, Deputy Secretary General, German Africa Foundation