Indonesia-Africa Forum 2024 Records 32 Business Cooperation Worth 3.5 Billion US Dollars

JAKARTA - The 2nd Indonesia-Africa Forum (IAF) 2024 which ended on Tuesday evening, managed to record business cooperation with a total value of more than 3.5 billion US dollars (Rp54,481,746,200,000).

Director of Africa, Directorate General of Asia, Pacific and African Ministry of Foreign Affairs of the Republic of Indonesia, Dewi Justicia Meidiwaty, said that several important agreements were reached, among others, the signing of four business agreements in the strategic industrial sector, nine agreements in the health business sector and six agreements in the new and renewable energy business sector (EBT).

He explained that the 2nd IAF is not only an event for State-Owned Enterprises (BUMN) and the private sector to achieve potential business cooperation. However, it also involves Micro, Small and Medium Enterprises (MSMEs) to collaborate together.

This can be seen from the achievement of 16 business agreements between Indonesian MSMEs and African companies, in an exhibition that lasted two days and received visits from five African national leaders.

"This is what makes this forum more inclusive," said Meidiwaty in Nusa Dua, Bali, quoted from a statement from the Indonesian Ministry of Foreign Affairs, Tuesday, September 3.

Not only that, the Memorandum of Cooperation (MoC) between the Ministry of Foreign Affairs of the Republic of Indonesia and JICA (Japan International Cooperation Agency) for development cooperation in Africa was also signed on the sidelines of the 2nd IAF event.

He added that the forum, which was held on September 1-3, also succeeded in strengthening economic and business cooperation between Indonesia and Africa, opening up new opportunities for growth and progress in both regions.