Prime Minister Narendra Modi could formally announce at next week’s India-Africa forum summit a global alliance of 110 countries aiming to promote solar power for meeting growing energy requirements and fight climate change.
The global grouping, to be known as International Agency for Solar Policy and Application (InSPA), is expected to do solar power business pegged at $100 billion by 2020.
Many African countries are planning to use solar power in a big way but funds and technology constrains come in the way.
Prime Minister Modi is expected to announce a special fund for the grouping. “This could be an initiative worth taking and a befitting investment that aids economic growth and Read More
India will play catch-up with China in attempts to reach out to resource-rich Africa on Friday when it hosts ministers and senior officials from 30 out of 54 African countries during the fourth India-Africa trade ministers’ meeting on Friday.
India will push for early resumption of talks for proposed trade agreements with the Southern African Customs Union (SACU) and Common Market for Eastern and Southern Africa (COMESA) groupings, which have remained stalled for last three years.
A government official speaking under condition of anonymity said while 26 trade ministers have confirmed participation, another four countries will be represented by trade ministry officials.
The meeting will lay the ground for the India-Africa forum Read More
Bashir’s visit is his first to the south-eastern nation since his indictment by ICC in 2009.
More than 50 African head of states are expected to take part in the convention scheduled for late October which is aimed at strengthening economic relations between the Indian sub-continent and African countries.
Last Month, Bashir received an official invitation from the Indian government to attend the meeting.
Bashir’s accompanying delegation to the summit includes the acting minister for presidential affairs besides the foreign and finance ministers.
The Sudanese president is expected to hold talks with the Indian Prime Minister, Narendra Modi, on the sidelines of the summit to discuss the future of the bilateral relations between Read More
India will host an unprecedented gathering of Africa’s leaders next week as it ramps up the race for resources on the continent, where its rival China already has a major head start.
Postponed since December over the Ebola crisis, the India-Africa Forum Summit from October 26-29 will be the first under Prime Minister Narendra Modi and the biggest gathering of foreign dignitaries in India since 1983.
Hotels have been block-booked and intense security is expected to add to the chaos on Delhi’s congested streets.
More than 40 leaders have confirmed their attendance, with controversy looming over the possible appearance of Sudanese President Omar al-Bashir, who is wanted by the Read More
The Third India-Africa Forum Summit, which begins in New Delhi next week, is a big diplomatic event of the year. And looks like it is going to be a mega affair. Here is why: All 54 heads of government, including South African President Jacob Zuma, Nigerian President Muhammadu Buhari and Zimbabwean President Robert Mugabe have been invited and more than 1,000 delegates are expected to attend the meet. On display will be Indian hospitality and the country’s achievements in sectors like green technology, energy, skill building, health and education. There would be yoga and perhaps Bollywood. An exhibition featuring Mahatma Gandhi’s links with Africa will also be on view. Read More
INDIA has been steadfast in its support for Africa’s development.
India’s partnership with Africa is historical. It dates back several centuries.
It’s seafarers and businessmen started interactions with Africa long before the colonial period. Africa holds a special place in every Indian’s thought as the land of awakening for Mahatma Gandhi.
India has stood by Africa’s side during its struggles for independence including the anti-apartheid struggle.
Indeed, India’s was the strongest voice against colonialism and apartheid at the
United Nations (UN) and other multilateral fora. India is among the largest troop contributors to the UN Peace Keeping Force in Africa.
India’s engagement with Africa has come a long way. Read More
The India-Africa Forum Summit 2015 (IAFS-III), which will be held from October 26-30, is the country’s biggest outreach towards Africa, in which 54 countries from the African continent will participate, with the heads of states and governments of 35 nations having confirmed their participation. It is one of the largest gatherings of leaders in the country. The previous two summits—in 2008 and 2011—did not see participation of more than 15 leaders.
IAFS-III would also open a new and more intense strategic engagement which is economically beneficial to both Africa and India.
In an increasingly multi-polar world, Africa is an important partner for India on all global strategic issues. Africa is one Read More
Questions around how government would finance the payments have swirled since South Africa announced its participation in the bank‚ especially as the February budget made no allocation for it.
However‚ today Finance Minister Nhlanhla Nene announced that the remainder of the approximately R25 billion made from the sale of its 13.8 percent stake in Vodacom in July‚ would be used to make the first payment.
The BRICS or New Development Bank requires all participating nations – Brazil‚ Russia‚ India‚ China and South Africa – to contribute $10 million each.
However‚ only 20 percent or $2 billion (approximately R26.8 billion at current exchange rates) of this needed to be paid upfront‚ with the Read More
Preamble
1.1 On October 6th, 2015, the Ministers in charge of health affairs in China, and African countries, in the presence of representatives from African Union, World Health Organization (WHO), UNAIDS, UNICEF, UNFPA, World Bank, Global Fund to Fight HIV/AIDS, TB and Malaria, met in Cape Town, South Africa, on the occasion of the 2nd Ministerial Forum of China-Africa Health Development.
1.2 Both Sides reviewed, with satisfaction, the current status of China-Africa health cooperation. They reiterated their commitment to continue to view China-Africa health cooperation from a strategic and long-term perspective.
1.3 In order to implement the outcomes of this Forum and chart the future course of China-Africa cooperation Read More
Moscow: India today asked BRICS partners to invest in its flagship programmes like ‘Make in India’ and ‘Skill India’, asserting that the government has laid down a clear roadmap for lowering corporate taxes which has created immense opportunities for foreign investors.
While addressing a meet of BRICS (Brazil, Russia, India, China and South Africa) Ministers of Industries, External Affairs Minister Sushma Swaraj also made a strong pitch for removal of structural impediments for increasing trade engagement amongst members of the group.
“We have laid down a clear roadmap for lowering corporate taxes. There is also a renewed thrust on public investment in infrastructure. All these create immense opportunities for companies from Read More