What They Said: India-Africa Summit

The Second India-Africa Forum Summit, which was held in Addis Abbaba from May 20 to May 25, saw the Indian government take significant steps towards building ties with Africa. Indian and African leaders discussed regional and international issues of common concern, much of it related to trade and development. India also offered $5 billion of credit over three years and increased development aid for Africa projects.

China $127bn India $25bn

China has a much larger investment — $127 billion compared with India’s $25 billion – but “India’s biggest hope is that while China’s investments are exploitative, India’s are aimed at African people,” the editorial said. It noted that Indian investment was concentrated more on infrastructure development in Africa while China’s was more on trade.

source: blogs.wsj.com