German Finance Minister Christian Lindner announced today a €10 million contribution to a World Bank-administered fund for African development. The funding comes under the Compact with Africa initiative and targets private sector reforms, green energy, and fiscal transparency. Lindner made the pledge during the G20 finance ministers’ meeting in Durban. Germany reaffirmed its commitment to strengthening ties with African nations through long-term economic cooperation. This marks one of the largest G20 commitments toward Africa this year.
African leaders welcomed the announcement, viewing it as a vital confidence boost amid rising debt burdens. Senegal, Ghana, and Kenya are expected to benefit directly from the Compact’s investment pool. The fund aims to support digital innovation and renewable energy projects across sub-Saharan Africa. Analysts say Germany’s contribution signals increased European attention to Africa’s economic stability. It may also encourage other G20 countries to follow suit with new funding.
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