Africa Business News of Friday, 15 November 2024
Source: www.ghanawebbers.com
India is boosting its presence in Africa through trade and investments, with Prime Minister Narendra Modi visiting Nigeria after President Bola Tinubu’s G20 trip to India.
Bilateral trade reached nearly $100 billion in 2022-2023, with $75 billion in investments across sectors like IT, infrastructure, and energy.
Top Indian companies are making significant contributions.
Reliance Industries is launching 5G in Ghana, Adani Group is investing in ports and power, and Bharti Airtel operates in 15 African countries.
Tata Group supports clean energy and automotive industries, Aditya Birla invests in mining and cement, while Mahindra & Mahindra expands in farm equipment and electric vehicles.
India’s focus on trade, tech, and development distinguishes it as a vital partner in Africa’s growth.