German companies plan to invest more in Africa in 2023: survey

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German companies want to boost their activities in Africa next year, especially in areas such as green hydrogen and liquefied natural gas, with 43% planning to increase investment in the continent, a survey seen by Reuters on Tuesday showed.

The poll of members of the German-African Business Association also showed that a further 39% of members aim to keep their spending levels in Africa stable.

As Europe's biggest economy has been seeking to reduce its reliance on Russia for gas since the invasion of Ukraine, Kannegiesser said he sees big opportunities in the energy sector in Africa.

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German companies plan to invest more in Africa in 2023German companies want to boost their activities in Africa next year, especially in areas such as green hydrogen and liquefied natural gas, with 43% planning to increase investment in the continent, a survey seen by Reuters on Tuesday showed. Waiting to see you in Ghana 🇬🇭. Thank you Good, looking how things going forward in to future, investing in any African country is a fantastic opportunity
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