*Modi's visit to push Indian investment in Africa/ Oxford Analytica 04.06.16*
The Indian prime minister views Africa as a strategic diplomatic and economic partner Prime Minister Narendra Modi will begin a four-country tour on Thursday, visiting Mozambique, South Africa, Kenya and Tanzania. The visit aims to build on last year's India-Africa summit, which was attended by over 50 African heads of state and government and saw Modi pledge 10.6 billion dollars in soft loans and grants. New Delhi views Africa as a strategic ally in global fora -- upcoming talks with South African President Jacob Zuma will focus on cooperation in the G20 and BRICS -- and as an economic partner. Trade between India and the continent rose from 30 billion dollars in 2008 to 72 billion in 2015, though this represents less than half of Africa's trade with China. In both cases, the continent mainly exports raw materials and imports processed goods. Our judgement Modi's visit will provide a platform to facilitate greater Indian investment in Africa. Tanzania and Kenya will receive significant investor interest given that their GDP growth (the World Bank expects 7.2% and 5.8% this year, respectively) outstrips the continental average (3.0%) by a wide margin. Mozambican leaders may seek further financial assistance, given the country's fiscal crisis. -- To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] Visit this group at https://groups.google.com/d/forum/southsudankob View this message at https://groups.google.com/d/msg/southsudankob/topic-id/message-id For more options, visit https://groups.google.com/d/optout --- You received this message because you are subscribed to the Google Groups "South Sudan Info - The Kob" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send email to [email protected]. Visit this group at https://groups.google.com/group/SouthSudanKob. To view this discussion on the web visit https://groups.google.com/d/msgid/SouthSudanKob/CAJb14oqKiRjy0nexycm4b7DE9OYuuUfjjDGHVtuf4JP2c4uZig%40mail.gmail.com. For more options, visit https://groups.google.com/d/optout.
