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Indonesia-Africa Forum concludes with 32 business deals
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.
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President Joko "Jokowi" Widodo attends the Indonesia-Africa Forum (IAF) 2024, which ran from Sept 1 to 3 in Nusa Dua, Bali. (Antara/Pool/Nyoman Hendra Wibowo)
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t its conclusion on Tuesday, the Indonesia-Africa Forum (IAF) 2024 had seen the signing of 32 new business partnerships, according to the Foreign Ministry, including nine in the health sector, six in renewable energy and four in strategic industries.
The energy and food sectors were the major contributors in terms of deal value, the ministry said, with the former accounting for agreements totaling US$1.5 billion, including one involving Pertamina.
In that deal, the state-owned oil and gas holding company acquired a 60 percent stake in Wentworth Resources, operator of the Mnazi Bay gas block in Tanzania. Pertamina also signed a contract with the Petroleum Training and Education Fund (Petrofund), established by the Namibian government.
Meanwhile, state electricity company PLN signed deals with the Tanzania Geothermal Development Company (TGDC) and the government-owned Tanzania Electric Supply Company Limited (Tanesco) to develop 225 megawatts of geothermal power in Luhoi, Natron and Ngozi.
“Tanesco has also come here to explore the potential for developing geothermal power in Indonesia,” the ministry’s Africa Director Dewi Justicia Meidiwaty said in a statement on Tuesday.
Aside from state-owned enterprises (SOEs), private companies also signed energy deals, such as the one between Jakarta-based PT Energi Mega Persada and Mbombela-headquartered Vutomi Energy to build independent power plants (IPPs) with a combined capacity of 500 MWs in South Africa.
Read also: Businesses hold back on geothermal projects as PLN return deemed unattractive
