Multi-million dollar deals made at RI-Africa forum – World

Eighteen Indonesian and African business entities have signed 10 agreements worth US$587 million during the Indonesia-Africa Forum (IAF) in Nusa Dua, Bali.

“The deals cover strategic businesses, such as credit line facilities,” Daniel Tumpal Simandjuntak, the Foreign Ministry’s African affairs director, told The Jakarta Post on Wednesday.

He said that the agreements were a good start to encourage more Indonesian businesspeople to establish trade and investment ties with their African counterparts.

“There has been a negative perspective on Africa. The IAF’s main aim is to change that perspective,” said Tumpal, adding that the economies of African nations were presently experiencing growth.

(Read also: Indonesia expresses interest to support Africa’s development)

Signed on Tuesday

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