Business and Development News

Germany is tightly integrated into the world economy with the export of goods and services as one of the main engines of the country's economy. Germany's competitiveness on the global market is also of increasing importance, along with its attractiveness for foreign investment. Each of these aspects create or preserve jobs, help further develop technology and serve as key indicators of economic globalization - and Germany's dependence on the world market.

Globalization also carries with it the imperative for all states to ensure stable economic development for the benefit of all: Trade and a dense network of economic links offer the means to improve livelihoods, create trust and stabilize international relations. Germany's foreign policy therefore strives to both promote and protect German economic interests in the world and help foster the further development of just and sustainable global economic cooperation.

German Finance Minister on an investment framework for Africa

Jun 12, 2017 |
Germany's Finance Minister Wolfgang Schäuble

German Finance Minister Wolfgang Schäuble wrote a byline article outlining Germany's objective to boost private investment in Africa.

New economic partnership with Africa

Feb 13, 2017 |
"Businesses that invest in Africa need well trained skilled workers," says Federal Development Minister Gerd Müller

"Technical and vocational education and training is the key to more investment and more jobs in Africa," said German Development Minister Gerd Müller at the German-African Business Summit in Nairobi.

New energy for Uganda and Rwanda

Feb 13, 2017 |
German Development Minister Gerd Müller visits the market hall in Kigali

A reliable supply of water and electricity cannot be taken for granted in East Africa. Germany is committed to changing this. One example is the EnDev programme implemented by GIZ and BMZ, another Germany's support to the Nile Basin Initiative.

Kenyan multimedia platform “Shujaaz” wants to change the way young people behave

Feb 13, 2017 |
Kenyan multimedia platform “Shujaaz” wants to change the way young people behave

The business with the hard-boiled eggs was one of the things that most impressed Rob Burnet. But more about that later. The Brit is the founder and director of “Well Told Story” (WTS), a Kenya-based company that produces a variety of media while at the same time pursuing sociological research. Funding for this research comes partly from Germany’s Hanns Seidel Foundation. Based in Karen, close to the capital Nairobi, WTS’ most important product is “Shujaaz” (“Heroes”), which Burnet describes as “a kind of interactive media platform for young people”.

German-African start-ups

Feb 10, 2017 |
German-African start-ups

They are young, creative and successful: German-African start-ups are active in many areas. Four cooperative ventures with a promising future.

Business and Development

Workers looking at a blueprint

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