India Grows Its Trading Relationship with Africa
According to the Brookings Institute, India and Africa’s partnership has experienced a revival in recent years, especially during the COVID pandemic. Prime Minister Narendra Modi’s government has made moves that indicate its intention for India to become Africa’s biggest partner. Building on a growing trade and investment portfolio, India now has a strategy with clear guiding principles and areas of focus.
The private sector is key to this strategy, particularly in the areas of skill and capacity-building initiatives, health care, agriculture, and the digital revolution. Moreover, underpinning the seriousness of India’s Africa policy shift, the country has made maritime security a key pillar in most of its engagement with countries like Kenya and South Africa.
Meanwhile, according to the Chinese Custom’s Authority, China remained for the 12th consecutive year the biggest trading source for Africa in 2021. For example, Kenya spent 60% of its export earnings on China-made goods.
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