News – Page 3 – India Africa Network

India Commits to Strengthening Trade and Renewable Energy Relations with Africa

India’s Commerce and Industry Minister, Piyush Goyal, has reaffirmed India’s commitment to strengthening its ties with African countries in the domains such as trade and renewable energy. Speaking at the 18th edition of the CII-EXIM Bank Conclave on ‘India-Africa Growth Partnership’ in New Delhi, Goyal emphasized that India stands as the fifth-largest investor in Africa, […]

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A detailed chronicle of India-Africa relations

There’s a reason why Africa specialist and former ambassador Gurjit Singh has named his book on India-Africa economic partnership ‘The Harambee Factor’. The word Harambee, in Swahili, means ‘to pull together’ and has its origin in Indian porters who were brought in by the British during colonial times to work on the Mombasa Kisumu Railway.

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Growing Together with Perennial Bond: 30 Years of India-South Africa Relations

India-South Africa has completed a meaningful bilateral relationship for 30 years. Both nations have been the other’s staunchest supporters and closest allies in fostering reciprocal growth. India is South Africa’s second-largest trading partner in Asia. According to the Indian Ministry of Commerce, since diplomatic ties were established in 1993, economic interactions have increased from $10

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Indian investments in Africa can go up to $ 150 billion by 2030

The CII report said that since April 1996, India has invested $74 billion in Africa; however, these flows are concentrated in Mauritius and are majorly by public sector companies for energy and raw material assets. A Confederation of Indian Industry (CII) report on Wednesday said that Indian investments in Africa can go up to US$

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India has dispatched stealth frigate for naval drill in Africa and Europe

India has dispatched stealth frigate INS Tabar on a three-month deployment to visit ports and conduct exercises with “friendly” foreign countries in Africa The warship will transit across the Gulf of Aden, Red Sea, Suez Canal, Mediterranean Sea, North Sea, and Baltic Sea while making port calls at Djibouti, Egypt, Italy, France, UK, Russia, Netherlands,

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COVID-19 vaccine: India mulls resuming exports soon, to focus on Africa

India, the world’s biggest maker of vaccines overall, stopped vaccine exports in April to focus on inoculating its own population as infections exploded. Before India stopped exports, it donated or sold 66 million doses to nearly 100 countries. However, India is considering resuming exports of COVID-19 vaccines soon, mainly to Africa India’s Ministry of External

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India, S Africa’s proposal for patent waiver on vax gets G7 support: MEA

Widespread support was given to India and South Africa to temporarily waive patents on the COVID-19 vaccine in the G7 summit in the UK. The Group of Seven (G7) comprises the UK, Canada, France, Germany, Italy, Japan, and the United States The G7 has pledged to donate an additional one billion doses of COVID-19 vaccines

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14th Asia Africa Business & Social Forum: Awards & Business E-Summit

14th Edition of Asia Africa Business & Social Forum 2021, intends to highlight the envious social and economic progress Asia, Middle East, and Africa have achieved. Various socio-economic challenges that exist in the region were discussed as well as how to overcome them, as well as intense of intense discussions indulging some of the great

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Engaging with Africa

India has much to gain by supporting AfCFTA ( Africa Continental Free Trade Area). India has to look closely and choose the sectors While supporting AfCFTA, for that India can take a closer look at how FDI will be attracted into specific countries and sectors. Some sectors such as Agro-processing, automotive, pharmaceuticals, textiles, chemicals, and

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After Citigroup, South Africa’s FirstRand Bank to exit India after 12 years

After exiting Citigroup from the banking business in India now South Africa’s second-largest bank FirstRand Bank – with $118 billion in assets is the latest foreign bank to exit India, after completing 10 years in 2019. First Rand is the licensed financial services provider in India and operates as a “branch” of FirstRand Bank South

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