The Spring Meeting of the German Healthcare Export Group e. V. (GHE) in Leipzig on February 18/19th, 2019 was dedicated to the topic Africa.
“Europe is the biggest trading partner of Africa. At the moment about 2% of German exports go to Africa. Thus, there is still huge potential. But the risks in the African countries are very different“, explains Klaus-Walter Müller, Deutsche Bank, Director Trade Finance and Corporate Cash Management Germany PFB.
The expert gives an assessment of the economic development potential and risks of selected African countries to the GHE members. Africa is the only continent where the working-age population will continue to grow, predicts Müller. More and more young African talents are returning to their homeland after studying abroad. These are the potential starting points of Africa Works and TrAIDe Health GmbH, which network African talents with German companies and provide support in initiating business.
The increasing banking regulation has a particular impact on correspondent banking. For customers, this means moving away from global networking to a Hub & Spoke model with a reduction in the number of service providers and correspondent banking relationships. This increases the need for coordination with bank partners in international trading transactions. “Check early with which bank your customer works together,” Müller advises the GHE members.