The organization ONE has expressed the view that a partnership will be instrumental in increasing investment in Africa.
This statement was made in anticipation of German Chancellor Olaf Scholz’s visit to Nigeria and Ghana, which begins today, as per ONE’s announcement.
The organization has urged Chancellor Scholz to take action and provide incentives for investment in Africa.
Stephan Exo-Kreischer, the Director of ONE Germany, emphasized the need for tangible actions, stating that mere words are insufficient. He underscored that investments in Africa are intertwined with investments in our collective future.
However, he cautioned against the concept of “partnership at eye level” becoming a mere political slogan.
He pointed out that Africa has often been let down by major industrialized nations, leading to a growing trend of African countries turning away from the West. Exo-Kreischer stressed the importance of moving beyond Sunday speeches and taking concrete actions in partnership-based cooperation with African states.
Furthermore, Stanley Achonu, the Director of ONE Nigeria, called on Chancellor Scholz to advocate for increased development financing and greater African representation. He highlighted that while the African Union’s inclusion in the G20 is a positive development, it is not sufficient.
He emphasized the need for Africa to have representation in financial institutions and called for equitable and affordable investments to promote homegrown solutions to local and global challenges.
Additionally, he stressed the importance of African nations having a say in global decision-making on issues that affect them, granting them control over their destinies. Achonu urged Chancellor Scholz to demonstrate leadership by actively listening to the concerns of global south countries and translating them into concrete actions promptly.
