The third India-Africa Forum Summit (IAFS) is scheduled to be held at Indira Gandhi Arena in New Delhi from 26-30 October 2015. The 5 days summit will be a meet of all African nations will launch a new era of mutual partnership.
- Participants – 54 African Nation’s head of state or government
Points to be discussed during summit
- Key areas – human resource development, institution building, infrastructure, clean energy, agriculture, health, education and skill development.
- To create conditions that will boost trade and investment flows between our countries.
- To work together to address the problems of climate change.
- To strengthen partnership on global platform and deepening of security cooperation.
Similarities between India and Africa
Represent one third of the world’s population.
Both nations are youngest countries in the world.
Indo-Africa Trade Ties
Bilateral trade between India and Africa has grown by 8-9 times in the past few years. India has given concessional credit of about $7.4 billion.
- In the past three years 25000 Africans have been educated in India.
- The Pan Africa e-network which connects 48 African countries is becoming the new highway of regional connectivity and human development.
- India has emerged as a major source of Foreign Direct Investment in Africa.
- Indian tourist flow to Africa is also increasing.
Keys
Africa and India are separated by the Indian Ocean
South Africa capitals: Pretoria (administrative capital), Cape Town (legislative capital) & Bloemfontein (judicial capital)
South Africa currency: South African rand
South Africa President – Jacob Zuma