The Germany Africa Business Forum (GABF) announces it will host a special conference on November 28, 2017 in Munich. Supported by HypoVereinsbank (UniCredit Bank AG) and endorsed by the Bavarian State Ministry of Economic Affairs and Media, Energy and Technology, GABF Munich will unite two ideal trade partners – Bavaria and the continent of Africa. Fifty years ago, Bavaria was a heavily agricultural economy and today it is a thriving high-tech hub. Sub-Saharan Africa, where agriculture still dominates many economies, is undergoing a tech renaissance today not unlike what Bavaria experienced decades ago.
“This is an incredible pairing of two potent trade partners. Bavaria’s legacy in agriculture and manufacturing and as an incubator for thousands of tech companies will complement the ambition of Sub-Saharan African companies to diversify their economies,” said Guillaume Doane, Executive Director of GABF. “We are honored to cooperate with HypoVereinsbank and the Bavarian State Ministry of Economic Affairs and provide a platform to foster the relationship between the African and Bavarian economies.“
Bavaria has one of the world’s highest levels of purchasing power and is home to more than 11,500 tech companies in construction, electronics, energy, mobile and IT industries. GABF Munich has built a program of keynote presentations and panels around sectors that have mutual value for Bavarian companies and African nations, including financial technology, agri-technology and food security and manufacturing.
GABF draws together African business, political and societal leaders with Germany’s preeminent companies and policymakers in order to forge stronger trade and investment ties. It aims at bringing together shrewd entrepreneurs, key opinion leaders, social influencers, CEO, and selected politicians and non-governmental organizations to develop fresh commercial and social concepts that shape business, as well as economic thought and institutions.
The southern German state of Bavaria has been commended by rating agencies Moody’s and Standard & Poor’s for its budget management, low debt, high investment ratio, and diversified vibrant economy. The safest state in Germany, Bavaria is also the greenest, with 40 percent of energy output from renewables. Bavaria is the research and development hub of Germany, accounting for 32 percent of all federal patent applications, and is ranked one of the best places to invest in the industry globally.
About HypoVereinsbank (UniCredit Bank AG)
HypoVereinsbank is part of UniCredit, a pan-European commercial bank with extensive corporate and investment banking activities, delivering a unique Western, Central, and Eastern European network to its extensive client franchise. Globally UniCredit accompanies and supports 25 million clients, providing them with access to leading banks in 14 core markets as well as another 18 countries worldwide.