Finance

Indian Prime Minister Narendra Modi to start African tour tomorrow

Wednesday, 06 July 2016 22:58

Africa is a big continent. It needs a lot of support in terms of development and infrasctures. There is a place for everyone there,” said India’s Minister of Foreign Affairs

It’s in the same spirit that India’s Prime Minister will start on Thursday, a tour in Africa which includes Mozambique, South Africa, Tanzania and Kenya and which should lead to the implementation of various significant projects.

With a 7% growth rate in 2015, India is getting closer to top leading economies. The country must at all cost, secure its commodities supplies and bolster its international partnerships.

To expand its footprint in Africa, the nation can rely on its vast and well integrated diaspora which counts 1.3 million people. An advantage which it has over China and which it well plans to use.

On the same topic
Reforms aim to improve efficiency, attract investment, boost lending Move follows bank recapitalization and push to support real sector Nigeria’s...
Senegal banks’ holdings of government securities rise 123% in 2025 Treasury borrowing drives shift toward longer-term bond issuance Credit to private...
Kenya signs supplementary budget raising spending to 4.69 trillion shillings Funds target security, education, housing, agriculture, health...
Gabon considers agency to strengthen asset recovery efforts Proposal targets illicit financial flows, financial crime enforcement Plan...
Most Read
01

Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...

Flutterwave Secures Banking License in Nigeria, Joining Push by Fintechs Like Revolut, Wise
02

BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...

BCEAO Imposes June 30 Deadline to Complete Instant Payments Integration
03

EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...

EBID Charts Green Shift to Finance West Africa’s Growth
04

This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...

Weekly Health Update | Africa Faces Health Supply Risks; DRC Ends Mpox Emergency
05

West African Development Bank allocates $131.8 million to support cotton sectors in Burkina F...

BOAD Commits $131.8 Million to Cotton Sector in Burkina Faso and Mali
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.