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Senin, 02 September 2024

Rosan: Indonesia-Africa Investment Relations Continue to Strengthen

Bali, September 1, 2024 – Minister of Investment/Head of the Investment and Downstream Industry Coordination Board (BKPM) Rosan Roeslani stated that investment relations between Indonesia and Africa are continuing to strengthen, showcasing robust economic ties between the two regions.

"Indonesia has invested in key countries in Africa, demonstrating our commitment to mutual prosperity, with Indonesian companies operating in eight countries across the continent," Rosan said during his keynote speech at the third session of the Indonesia-Africa Parliamentary Forum (IAPF) in Nusa Dua, Bali (01/09/2024).


He highlighted several Indonesian investments in Africa, including Pertamina in the energy sector in Kenya and Tanzania, Medco Energy in the oil and gas industry in Mozambique, and Bio Farma and Wings Group in the pharmaceutical and consumer goods sectors in Kenya.


Total Investment Value

Rosan noted that Indonesia's total investments in African countries have reached USD 2.09 billion (from 2019 to Q2-2024), while total investments from African countries in Indonesia amount to USD 1.73 billion.


At the meeting, which carried the theme “Harnessing Trade and Investment Potentials for Inclusive Economic Growth,” Rosan added that bilateral trade between Indonesia and Africa grew significantly in 2023.


Indonesia exports manufactured goods, while its imports from Africa consist of raw materials. Additionally, Indonesia has strengthened investment agreements through Bilateral Investment Treaties (BITs) with African countries to ensure a stable investment climate.


Towards More Inclusive Trade and Investment

Meanwhile, Rebeca Grynspan, Secretary General of the United Nations Conference on Trade and Development (UNCTAD), who participated as a panelist, explained that in the current era of poly-globalization, the situation has improved with investment and trade becoming more inclusive and decentralized, no longer concentrated in one region.


“In the next five years, the global Gross Domestic Product (GDP) is projected to reach USD 30 trillion, with one-third coming from countries in the Global South,” Rebeca said.


IAPF is part of the Indonesia-Africa Forum 2024, held from September 1-3, 2024, in Nusa Dua, Bali. The Minister of Investment/Head of BKPM accompanied the President of the Republic of Indonesia during the High-Level Forum Multi-Stakeholders Partnership (HLF MSP) 2024. The HLF MSP 2024 was attended by 1,275 participants representing 26 countries.


For further information, please contact:

Ahmad Faisal Suralaga

Head of Communications and Information Services Bureau

Ministry of Investment and Downstream Industry/BKPM

E-mail: humas@bkpm.go.id

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