Devex Examines Germany’s €1B Development Investment Fund For Africa
Devex: Germany’s €1B push into Africa
“Five years ago, Europe’s ‘migration crisis’ vaulted German policy toward Africa to the top of Chancellor Angela Merkel’s development agenda. While her coalition government agreed Germany needed a development policy that would help stem the flow of people from African countries to Europe, her cabinet struggled to agree on what that policy might look like. This year, as the government began rolling out programs under its €1 billion ($1.1 billion) Development Investment Fund for Africa, Germany’s development strategy for the continent is finally coming into focus — and it looks a lot like private sector growth…” (Green, 11/13).