News 2 min of reading
On the Oporto Forte website, we highlight news of great relevance to the world of business and investment. Moussa Faki, President of the African Union Commission, called on world leaders to invest in the African continent, highlighting its "extraordinary untapped potential". During the G20 Compact with Africa forum in Berlin, Faki emphasized the advantage of investing in green energies in Africa, a continent with immense possibilities for making profitable and sustainable profits.
This initiative, launched by Germany in 2017 during its presidency of the G20, aims to promote private investment in Africa. Faki, who is also president of the Comoros Islands, emphasized the importance of Africa for the private sector, not only in Germany and Europe but throughout the world. The bet on the African continent is not only profitable but also crucial for the generation of clean and renewable energy.
The continent has more than 60 percent of arable land still unused, a surface area of 30 million square meters, and a population of 1,450 million people ready to work. Faki emphasized the urgent need to address the lack of access to electricity that affects more than 600 million people in Africa, in a context of global energy transition.
At the press conference with the Chancellor of Germany, Olaf Scholz, and the President of the Comoros, Azali Assoumani, Faki reiterated that investing in Africa is not just development aid, but a mutually beneficial partnership. This collaboration is particularly crucial in the energy sector, a key element for sustainable development, and also as a means of stemming African migration to Europe via the dangerous Mediterranean route.
At Oporto Forte, we recognize the importance of these opportunities for investors and companies looking to expand their horizons and operate sustainably and profitably. Africa represents a continent of vast, untapped possibilities, opening doors to new partnerships and sustainable growth.
Source: RTP News