German Chancellor Olaf Scholz (right) welcomes President of the Republic of Côte d'Ivoire (Ivory Coast) Alassane Ouattara as he arrives to attend the Conference on the G20 Compact with Africa, on Nov 19, 2023 at the Chancellery in Berlin. (PHOTO / AFP)

BERLIN - Leaders from more than a dozen African countries will gather in Germany over the next two days for the G20 Compact with Africa conference, which aims to help bolster private investment in the world's poorest, but fast-growing, continent.

Underscoring renewed interest in Africa, European Commission President Ursula von der Leyen, French President Emmanuel Macron and Dutch Prime Minister Mark Rutte will be among those attending the summit in Berlin, hosted by German Chancellor Olaf Scholz, according to German government officials.

Scholz, who has visited Africa several times since taking office in late 2021, will hold bilateral talks with several African countries on Sunday, before hosting a German-African investment summit at Berlin's Marriott Hotel on Monday morning.

READ MORE: Africa seeks more investment on climate

Those include Africa's potential for renewable energy production, in particular green hydrogen, that could help its northern neighbor's transition to a carbon-neutral economy. The stability and prosperity of the continent are also seen as key to reducing illegal migration.

German government officials say Africa can play a key role in helping Germany better diversify its supply chains, secure skilled labor, reduce illegal migration and achieve its green transition

The Compact with Africa, which was created in 2017 under the German G20 presidency, aims to bring together reform-minded African countries, international organizations and bilateral partners to coordinate development agendas and discuss investment opportunities.

The event officially takes place on Monday afternoon in the German chancellery, preceded by a news conference with leaders of the African Union, which in September was made a permanent member of the group of the G20 group of the world's most powerful countries.

ALSO READ: Africa's free-trade area to get $7b in support from AfDB

"We will not make a common declaration, we do not want to force our African partners into a tight corset," a German government official said on Friday. "Instead, we want concrete results."

German government officials say Africa can play a key role in helping Germany better diversify its supply chains, secure skilled labor, reduce illegal migration and achieve its green transition.

German trade with Africa was 60 billion euros ($65.4 billion) last year, which is a fraction of its trade with Asia but up 21.7 percent on 2021.

ALSO READ: AfCFTA chief: Africa soon to have new trading standard

Nearly two-thirds of German companies want to expand their business in Africa, according to a study by KPMG and the German-African Business Association.

The member countries of the G20 Compact are Morocco, Tunisia, Egypt, Senegal, Guinea, Ivory Coast, Ghana, Togo, Benin, Burkina Faso, Rwanda, Democratic Republic of Congo and Ethiopia.