Praising the former military dictatorship and attacking minority groups. One billion euros to boost business in africa germany sets up an Investment Fund to finally unlock what did chancellor calls the huge economic potential of the continent we ask an expert will it be enough also the soul faced with the prospect of unemployment spanish coal miners come up with a horrifying response and not only affects britains it also threatens the livelihood of many farmers on the mediterranean island of cyprus we will tell you what. This is the business im Crystal Colburn millon welcome germany is pledging One Billion Euros to inside businesses to invest in africa the creation of the fund an ounce to during the compact with Africa Summit In Berlin on tuesday is aimed at getting small and Medium Sized Companies to grow their presence
on the continent along with strengthening economic ties the German Government also holds that investment will curb illegal immigration to europe by creating jobs for Y
what s important is for them to just realize what the opportunities in africa are and how close africa is to their own front doorsteps africa is the closest continent to the opportunities that present precisely in education technical training aviation as i said power particularly renewable energies are immense and they have not yet been tapped by anybody why is that what what is your take on the why has has these potentials not been taken off of or i think so far german companies have been risk averse to going to africa because we haven t had the mechanisms in place here yet to secure them or rather to give them a sense of security africa and the main african economists have been stable for some time now and that hasn t yet been perceived here there are a jew taxation agreements in place there are profit transfer agreements in place