This article provides an overview of the wide range of support available to German companies wishing to enter the African market. The overview is updated regularly, but does not claim to be exhaustive.
The webinar on May 20, 10:00 a.m. to 12:00 p.m., is the first in a series of events organized by the Agency for Business and Economic Development (AWE), VDMA e.V. and Germany Trade & Invest (GTAI).
We provide a download from Euler Hermes on the new possibilities of Hermes Cover. The file contains important details on company-related support.
The Hermes Annual Report for Export Credit Guarantees 2024 has been published. The figures show how relevant the protection of export receivables against crises is.
The VDMA is intensifying its activities in sub-Saharan Africa and is looking forward to new support in the team of the foreign trade department
After a dry spell of three years, the signs are pointing to growth for the industry.
The Hermes package of measures from January 2025 is also intended to offer the supplier industry more opportunities on the export markets. The VDMA explains what is important.
The Hermes package of measures from January 2025 improves the forfaiting guarantee. LBBW reports the first financing with this cover.
The Hermes package of measures from January 2025 offers applicants a German Footprint concept if they do not only export German value added.
VDMA supports companies in opening up international markets by participating in trade fairs, among other things. In addition to its own trade fair stands in Germany, it offers companies the opportunity to exhibit at group stand (German Pavilions).
Fabiane Wahlbrink, head of VDMA Brazil, was able to expand the network for mechanical engineering at conferences and trade fairs. The hydrogen industry is just one example.
India wants to become a major economic power. The government is promoting growth with numerous measures. But locally, the paths to new business can be tortuous.
In Brazil, the law on accelerated depreciation for the modernization of industry has come into force. Until the end of 2025, companies will be encouraged to purchase new machinery and equipment with tax benefits.
Germany Trade and Invest (GTAI) provides a monthly overview of publications relevant to mechanical engineering on Africa exclusively for VDMA members.
The African continent offers great opportunities for European industry. Politicians have so far focused too much on classic development aid, leaving too much room and influence to Chinese competitors.
Africa is in the focus of politics and offers the economy many opportunities. In order for German interests and companies to survive in competition with China, among others, the VDMA is calling for adjustments from policymakers.
