(3 minutes read)
The French Council of Investors in Africa (CIAN) in Paris recently organized an event titled “Time for a new deal with Africa” to discuss various issues involved in investing in the continent
The French Council of Investors in Africa (CIAN) in Paris recently organized an event titled “Time for a new deal with Africa” to discuss various issues involved in investing in the continent. The African continent is a major supplier of energy to the European Union. Africa is also a major source for importing raw materials and rare metals that are essential to the energy transition.
Anthony Nkinzo Kamole, Director General of the Democratic Republic of Congo’s (DRC) National Investment Agency said at the event that global development would not happen without the continent. He said that important ingredients that help energy transition such as coltan, phosphate, and potash, which are extremely important in today’s world are found in Africa. Many of these raw materials are mined from DRC, he added.
He revealed that DRC is banking on its Industrialisation Master Plan, which costs US$58 billion aiming to revive the sector by focusing on three key areas, such as the agri-food sector, energy, and infrastructure. The required investment of US $58 billion would be deployed in segments like ports, airports, energy, and mining of hydrocarbons. He further said that these projects would be carried out in partnership with European companies.
Read Also:
There was also a presentation from Senegal highlighting investment opportunities. Abdoulaye Baldé, Director General of the Senegalese Agency for the Promotion of Investment and Major Works (APIX) explained that in his country the government wanted to create the best business conditions for companies. He wanted EU companies to take advantage of these facilities. Delegations from Niger, Chad, and the Congo came to the conference.
