Indonesia-Africa Forum in Bali Secures $3.5 Billion in Deals, Strengthens Ties in Energy, Health, and Trade

September 2, 2024
Indonesia-Africa Forum in Bali Secures $3.5 Billion in Deals, Strengthens Ties in Energy, Health, and Trade
  • The Indonesia-Africa Forum is currently taking place in Bali, running from September 3 to 5, 2024, and has drawn a diverse group of Indonesian businesses eager to explore opportunities in Africa.

  • During this forum, Indonesia is set to sign business deals valued at $3.5 billion with various African nations.

  • In his opening speech, President Joko Widodo emphasized the significant increase in trade volumes and agreements between Indonesia and Africa.

  • The forum's theme, 'Bandung Spirit for Africa's Agenda 2063,' focuses on enhancing partnerships in critical areas such as energy, food security, health, and minerals.

  • The event has attracted over 1,400 delegates, including seven heads of state, ministers, entrepreneurs, and scholars from both Asia and Africa.

  • Indonesia is looking to diversify its trading partnerships, particularly with Africa, which is rich in critical minerals essential for Indonesia's growing industries.

  • Indonesia's Minister of Health, Budi Gunadi Sadikin, signed two memoranda of understanding with Sudan and Zimbabwe aimed at strengthening their health sectors.

  • The MoU with Sudan specifically targets health services, disease control, pandemic preparedness, and advancements in medical technology.

  • Minister Sadikin highlighted Indonesia's effective use of modern technology to boost agricultural output, contrasting it with Liberia's low rice production.

  • A notable collaboration announced at the forum involves Indonesian utility PT Perusahaan Listrik Negara partnering with Tanzania Electric Supply Co. Ltd. to develop geothermal energy.

  • This forum not only serves business interests but also aims to bolster Indonesia's political influence as a leader in the Global South.

  • At the conclusion of the forum, a summary report will be released, outlining expectations for agreements and business deals that will benefit both regions.

Summary based on 14 sources


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Sources

African leaders snub Indonesian summit in favor of China visits

Voice of America (VOA News) • Sep 4, 2024

African leaders snub Indonesian summit in favor of China visits




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