Article source
Devex
Article date
Wed, May 31, 2017
ABIDJAN, Côte d’Ivoire — The African Development Bank for the first time held its recent annual meetings in India, signalling the rapid growth in importance of the relationship between India and Africa which many delegates expect to expand further, driven by investments in the energy sector and major infrastructure projects.
Over the past decade India’s bilateral trade with Africa has more than quadrupled, growing from $12 billion in 2005 to $56.7 billion in 2015-16, largely due to strong government support. India is now Africa’s fifth largest investor.