Germany's involvement in Africa's markets and raw materials is declining compared to countries like China and India. Vice Chancellor Lars Klingbeil called for stronger economic ties with Africa at a G20 meeting, emphasizing trade relations and human rights. The Sub-Saharan Africa Initiative of German Business noted that German exports to the region have stagnated for a decade, with little growth, in contrast to flourishing economies like Tanzania and Senegal. To remain competitive, Germany must rethink its strategy and actively engage with the rapidly growing African market.
German exports to sub-Saharan Africa have stagnated for over a decade, with only marginal growth from 13.3 billion in 2014 to 14.2 billion in 2024, outpaced by other countries.
Vice Chancellor Lars Klingbeil highlighted the need for Germany to strengthen economic ties with South Africa and the broader African continent amid growing global competition.
The Sub-Saharan Africa Initiative of German Business emphasizes the urgent need for a strategic reorientation in Germany’s approach to the African market to capitalize on emerging opportunities.
Despite Africa's economic dynamism and rising demand for infrastructure and goods, German companies are losing out to competitive firms from China, India, and Gulf states.
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