In 2018, Jakarta secured investment agreements totaling $600 million with several African nations. Now, Indonesia aims to deepen its collaboration with a focus on health, energy, and strategic minerals.
On September 2, 2024, Indonesia revealed plans to finalize investment deals worth $3.5 billion with African countries during the second Indonesia-Africa Forum, taking place from September 1 to 3 in Bali.
In his opening address, Indonesia’s President stated, “We are set to sign agreements totaling $3.5 billion with African nations.” He noted that the ongoing partnership has already led to significant achievements, including a substantial rise in trade and the signing of various investment deals.
The Indonesian Ministry of Foreign Affairs has revealed that the investment agreements encompass several projects, including a geothermal venture involving Indonesian company Perusahaan Listrik Negara and Tanzania Electric Supply Company (TANESCO), as well as an industrial collaboration between Bio Farma and Ghana’s Atlantic Lifesciences.
Additionally, Indonesia is working to finalize agreements with African nations focused on the extraction of strategic minerals.
Deputy Foreign Minister Pahala Mansury expressed hope that Indonesia will become a key player in the production of materials for electric vehicles and batteries, noting Africa’s rich deposits of minerals like cobalt, lithium, and graphite that could support these efforts.
The forum features the participation of six African leaders, including the presidents of Rwanda, Ghana, and Liberia.
During the first forum in 2018, Jakarta established investment agreements worth $600 million with several African countries.
