Indonesia Anticipates Signing $3.5 Billion Deals at Africa Forum, Reports Reuters

Indonesia Plans $3.5 Billion in Business Deals with Africa

JAKARTA – Indonesia is set to sign business agreements worth $3.5 billion with African nations as it hosts the second Indonesia-Africa Forum in Bali, according to the country’s president on Monday.

The forum, taking place until September 3, aims to boost economic cooperation as Indonesia looks to broaden its export markets.

"Partnerships between Indonesia and Africa have significantly increased trade volumes and agreements," President Joko Widodo stated during the opening remarks of the forum.

Several memorandums of understanding are anticipated to be established during this event, including a geothermal project collaboration between the state power company Perusahaan Listrik Negara and Tanzania Electric Supply Company (TANESCO). Additionally, there will be an agreement between Indonesian pharmaceutical firm Bio Farma and Ghana’s Atlantic Lifesciences Ltd, as noted by Indonesia’s foreign ministry in a statement.

Further details on these agreements were not disclosed.

In light of the forum, Indonesian officials are enhancing surveillance at airports to mitigate the risk of mpox spreading. The recent mpox outbreak was a key topic during the Indonesia-Africa Parliamentary Forum held over the weekend, as reported by state news.