30 October, 2015

India Pledges $600m To Invest In Africa

Indian Prime Minister Narendra Modi has proclaimed $600m (£393m) in help for project development in the African continent at a significant summit in Delhi.

More than fifty African leaders attended the India-Africa Forum Summit, new in scale, in Delhi.
Although India's trade with the continent has over doubled to $72bn since 2007, it's still relatively little.
The meeting is being seen as an effort by India to enhance ties with Africa.

A record variety of African leaders, as well as South Africa's Jacob Zuma, Zimbabwe's Henry Martyn Robert Mugabe, President Sisi of Egypt, President Muhammadu Buhari of Nigeria and Sudan's Omar al-Bashir attended the summit - a part of India's huge push to extend its presence in continent.

No comments :

Post a Comment