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$3.5b Business Deals Sealed at Indonesia-Africa Forum 2024

Thirty-two business partnership deals worth more than $3.5 billion were sealed at the recently concluded 2nd Indonesia-Africa Forum in Bali Indonesia.

This was revealed by the Director for African Affairs at the Directorate General of Asian, Pacific and African Affairs of the Ministry of Foreign Affairs of the Republic of Indonesia, in a statement by Nigerian-Indonesian Chamber of Commerce and Industry (NICCI).

Also, at the event, 16 business agreements were signed between Indonesian MSMEs and African companies.

Nigeria’s delegation to the Forum was led by Minister of Information and National Orientation, Mohammed Idris Malagi, who represented President Bola Tinubu.

President of NICCI, Ishmael Balogun, led the Nigerian Business delegation including members of Nigerian Indonesian Chamber of Commerce & Industry and several MoUs were signed.

During the 3-day event, country specific business forums were held,  led by the Indonesian Vice Minister of Foreign Affairs, Pahala Mansury with several countries including Nigeria, Kenya, South Africa, on industry specific topics on Mining, Agriculture, Renewable Energy, health and food security.

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