Indonesian state companies scramble for Africa

There were smiles from the African delegates gathered on Tuesday for the Indonesia Africa Forum in Bali as Indonesian company executives signed a series of Africa-related business deals. The agreements not only signaled Indonesian companies commitment to Africa’s economic growth, but also showed that the country was serious about increasing its influence on the continent.

The business deals signed on the day were worth $586.56 million and included one worth $26.7 million by state-owned contractor Wijaya Karya in Niger. Future potential business deals worth a total of $1.3 billion were also announced, including one in Zambia by Inka, the state-owned train manufacturer, and one in Nigeria by state-run oil company Pertamina.

“[We] work together in advancing economic cooperation between Indonesia and Africa,” said Jusuf Kalla, Indonesia’s vice president, in his opening remarks on Tuesday for the two-day conference. “The development of cooperation with Africa is a priority of Indonesia’s foreign policy.”

 

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