Germany Africa Business Forum funds German-African energy startups

&NewLine;<p>The&NewLine;Germany Africa Business Forum&comma; whose goal is to strengthen investment ties&NewLine;between Germany and Africa&comma; announced it has&comma; in collaboration with private&NewLine;partners from the energy industry&comma; launched a multi-million Euro funding&NewLine;commitment to invest in German energy startups that focus on Africa&period; The&NewLine;funding commitment&comma; which pledges funds to German startups with exposure to&NewLine;African energy projects&comma; will be the first such intra-regional initiative&period;<br>&NewLine;<br>&NewLine;A statement from Apo Group &nbsp&semi;on July 25&NewLine;and made available to &nbsp&semi;OpenLife&NewLine;stated&nbsp&semi; &OpenCurlyDoubleQuote;Our initial goal is to support&NewLine;the investment in German companies and to start with funding allocations by the&NewLine;end of this year”&comma; said Sebastian Wagner&comma; co-founder of the GABF&period; &OpenCurlyDoubleQuote;Through our&NewLine;partners&comma; we will immediately get involved in investing in solutions-driven&NewLine;German startups with pragmatic business models to solve Africa’s energy&NewLine;challenges through the provision of German technology and innovation”&comma; he&NewLine;added&period;<br>&NewLine;<br>&NewLine;&OpenCurlyDoubleQuote;The future of Africa’s energy industry will depend on technology and&NewLine;innovation&period; When German start-ups and Africans work together&comma; we can build&NewLine;something unique for both our peoples&period; I applaud the GABF for this&NewLine;well-thought-out initiative&period; I believe it is in line with the goals of the&nbsp&semi;G20&NewLine;Compact with Africa&comma; driven by Germany”&comma; stated NJ Ayuk&comma; a pan-African energy&NewLine;dealmaker&comma; CEO of Centurion Law Group and Executive Chairman of the African&NewLine;Energy Chamber&comma; a supporter of the initiative&period;<br>&NewLine;<br>&NewLine;Anchored in the private sector&comma; the GABF brings together Africa’s foremost&NewLine;executives with German companies&comma; investors and innovators with the aim of&NewLine;driving change&period; <&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Founded&NewLine;in 2017 as a &OpenCurlyDoubleQuote;private for privates”&comma; the GABF encourages German investors to&NewLine;consider the African continent as a profitable and important investment&NewLine;destination&period; Through a series of initiatives&comma; the GABF draws together African&NewLine;business and political leaders with Germany’s preeminent innovators to develop&NewLine;fresh investment concepts that shape German and African business ties&comma; as well&NewLine;as economic thought&period;<&sol;p>&NewLine;