Cooperation with countries in Africa Cooperation with the private sector

The BMZ has increased its budget for cooperation with the private sector by over 50 per cent, bringing it to 178 million euros in 2019. This means that goods and services provided to public agencies can now be covered by official export credit guarantees for virtually all African partner countries.

Mitarbeiter eines Eisenerzunternehmens in Mauretanien

Mitarbeiter eines Eisenerzunternehmens in Mauretanien

Mitarbeiter eines Eisenerzunternehmens in Mauretanien

The higher non-reimbursable portion normally payable by businesses for such guarantees does not apply to reform countries working with Germany. This sends an important signal to German companies exporting to Africa.

The BMZ has set up a Special Initiative on Training and Job Creation through which it is working with private businesses in six partner countries (Côte d'Ivoire, Ethiopia, Ghana, Morocco, Senegal and Tunisia) to develop projects which will facilitate investment and hence foster the sustainable creation of employment. A further aim is to set up partnerships between medium-sized businesses in Africa and medium-sized businesses in Germany or Europe.

The Agency for Business and Economic Development (External link) is the central point of contact in Germany for companies that want to do business in or with developing countries and emerging economies. The Agency helps companies find financing and support instruments and build contacts on the ground, and advises them in the project planning stages. The BMZ supports these activities through numerous programmes and initiatives.

The programme (External link), for instance, promotes development partnerships with the private sector. In Africa, more than 100 projects are being implemented jointly by private sector businesses and German development organisations. Up to now, the BMZ has made available more than 443 million euros for this programme, and companies have contributed more than 7,320 million euros.

The programme is currently being revised in order to gear it more closely to the needs of businesses. One of the changes being made involves opening up the programme to local businesses and also to start-ups and small companies.