Great prospects in Africa: potentials for German exports

Foreign trade is currently undergoing a disruption phase. For example, while the competitive position of German companies on the global market has so far been good, foreign trade conflicts now pose a threat. German industry therefore urgently needs to tap into new markets for exports. And Africa offers great prospects here. In addition to experiencing the strongest population growth in the world, it also has a significant need for economic growth. As a result, considerable potential can be found in this part of the world.

Germany’s long-standing presence in the region is a testament to this. KfW has already supported many projects here on behalf of the German Federal Government – enabling Germany to earn a reputation as a reliable partner. Africa's economic outlook also makes it an attractive export destination: for example, the African Development Bank (AfDB) expects 24 African countries to have growth rates of more than 5% this year. This makes Africa one of the fastest-growing regions in the world.

However, according to AfDB, huge investments in education, the environment, infrastructure, technology and energy are required to enable sustainable development across the length and breadth of the continent. For such a transformation to take place, an annual financial gap of around USD 400 billion would have to be closed by 2030. In foreign direct investment, Africa has posted an increase of 84% to USD 94 billion over the previous year. However, much of the money went to a mega project in Egypt.

Status: 5 May 2025