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The IAF 2024 concluded on Tuesday with a swath of new deals worth billions inked between Indonesian and African businesses, both public and private, led by deals in the energy sector totaling $1.5 billion and the food sector contributing $1.2 billion.
The Indonesian government and African nations have reaffirmed their commitment to bolstering a strategic partnership across three key areas: green energy cooperation, downstream industry and human capital development.
President Joko “Jokowi” Widodo called on Monday for unity among the countries of the Global South amid sluggish worldwide progress toward achieving the United Nations’ Sustainable Development Goals (SDGs), saying before his African counterparts that Indonesia remained committed to furthering its economic cooperation with the continent.
The upcoming second Indonesia-Africa Forum, slated for Sept. 1 to 3, will focus on discussions about the cooperation between Indonesia and African nations, including on critical minerals for the electric vehicle (EV) battery industry, which requires minerals mined by both parties.
President Joko “Jokowi” Widodo has said Indonesia is ready to cooperate with countries in Africa in the face of the global trade war, as Indonesia seeks new opportunities to expand its trade and investment portfolio in nontraditional markets.
