Minister Rosan Roeslani: Investment Signification In Africa Marks Promising Future

Minister of Investment/Head of BKPM Rosan Roeslani. (Photo: Doc. ANTARA)

JAKARTA - Minister of Investment/Head of BKPM Rosan Roeslani said the significant investment of the Republic of Indonesia in Africa and strong economic relations indicate a promising future for the region.

"By improving infrastructure, increasing trade integration, and advancing bilateral investment agreements, we are laying the groundwork for a bright and prosperous era," said Rosan as quoted by ANTARA, Sunday, September 1.

Rosan said that the unity between ASEAN and African countries in an effort to achieve independence and development began in 1955 when Indonesia hosted the Bandung Conference which became an important moment in the anti-colonial movement and non-block movement.

Currently, the economic coordination between ASEAN and Africa is influenced by the unique history and the latest global geopolitical conditions that affect trade, investment and regional stability.

Although, there is progress in cooperation between ASEAN and Africa, he admits there are a number of unique challenges. So that he encourages increased trade integration and encourages innovation for economic growth and investment.

"As we look to the future, let's continue to align our sustainable and inclusive investments and resources that benefit our two regions," he said.

The Ministry of Investment noted that Indonesia has invested 2.09 billion US dollars (Rp32.46 trillion) in main African countries and a number of Indonesian companies have operated in eight African countries.

Important investments include PT Pertamina in the energy sectors of Kenya and Tanzania, PT Medco Energi in the Mozambique oil and gas industry, as well as PT Biofarma and PT Wings Group in the pharmaceutical and consumer goods sector of Kenya.

In return, African investment in Indonesia has reached 1.73 billion US dollars (Rp 26.9 trillion).

Not only that, in 2023, bilateral trade has grown rapidly with Indonesia exporting processed goods and importing important raw materials from Africa.

Rosan revealed that Indonesia is also advancing a bilateral investment agreement with Africa to ensure a stable investment climate. So far, there are three bilateral investment agreements in the pre-negotiation stage, four in the ratification stage, and two agreements are active.

These agreements are the key to protecting and encouraging our investment. Our natural resources complement each other," he said.