The proposed plan will attract private investment to Africa.
The proposed plan will attract private investment to Africa. Photo: symbionics.net

Germany Leads G20 Plan To Boost Private Investment In Africa

By Peter Pedroncelli, 9:33 am

In the interests of reducing inequality and poverty within the African continent in the long-term, and avoiding the growth of populism across Africa, the G20 countries, headed by Germany, are pushing for a plan that will increase private investment and infrastructure development in Africa. Speaking at a forum on global infrastructure at the Inter-American Development Bank in Washington, German finance minister Wolfgang Schaeuble set forth a proposed scheme that will see various G20 member countries and international lenders partner with African countries in order to attract global investors.

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