The FTA with the continent will open a huge market for Indian businesses while enabling African countries to accelerate economic growth and development in a sustainable manner.
In the post Covid era, India has tactfully used medical diplomacy to forge stronger ties with Africa. As the hunt for a vaccine enters the final round, India’s status as the pharmacy of the world may help it drive even deeper into the dark continent.
The Indian External Affairs Minister’s recent visit to Tunisia highlights India’s commitment to engaging with both larger and smaller economies of Africa alike. Highlights: In the last five years, Indian leaders have paid 29 visits to African countries to expand Indian presence and counter China’s dominance in the continent. Indian Foreign Minister Jaishankar’s visit to Tunisia shows that India recognises the latter’s repeated support. India wants to present itself as a more empathetic soft power and an ally on whom [...]
The head of Kenya's inward investment authority lays out the various investment opportunities for Indian and foreign companies looking to invest in the African nation. Kenya is the fifth largest economy in Sub-Saharan Africa. It is the dominant economy in the East African Community (EAC), contributing more than 50 per cent of the region’s GDP. Kenya’s annual GDP growth averaged 4.5 per cent between 2008 and 2012 and 5.2 per cent between 2013- 2017 and in 2018, the growth was [...]
A Senior Research Associate of the Overseas Development Institute expands on some of the principles that should govern Indian investment in Africa to help achieve the Sustainable Development Goals by 2030. Gather Indian private sector leaders together in one place and it is easy to be impressed: by the size of the businesses, the pace of innovation, and the speed of growth. This was certainly the case at the India Inc Leaders’ Summit, held in the UK in June. The [...]
By proposing a free trade agreement with Africa and by extending a $50-million grant to Niger to host the African Union Summit, the Modi government has signalled that it will continue to champion close collaboration and partnership with Africa. If Africa were a country, it would be the world’s seventh-largest economy. Then, more than 30 of the 54 nations in Africa are democracies. And Africa has the largest concentration of Indians or Indian origin people outside the sub-continent. In a [...]