Germany accelerates Europe’s “Neo-Scramble for Africa”

(TFI Global News, Noida Uttar Pradesh, 29 December 2023) German-African Business Association: Ever since the Russia-Ukraine war the importance of Africa has skyrocketed. Now every major power today wants to expand their footprint in the continent. Today there is a great surge of foreign interest in Africa. From the US, China, Russia to major European powers like France, UK and Germany, all want a decent share of influence in the African continent. However, are any of the powers actually interested in ensuring the well-being of Africa? The German-African Business Association says that it represents around 85% of German businesses active in Africa. It now wants the government to give greater support through improved conditions for export credit insurance and investment guarantees from the German government.