While everyone was following the Olympic torch global tour and the protests at the various legs of the tour, a very important summit was held in New Delhi India. April 8-9 saw the debut of the 1st India-Africa Summit, where heads of state from 14 African countries including South Africa, Algeria, Uganda, Kenya, Egypt, Ghana and Tanzania met with the Indian government to discuss future relationships. While some people have said that India’s decision to hold the conference was inspired by the 2006 China-Africa Summit, none can deny the power of such summits in powering Africa’s development. While many people are using the Olympic games to draw attention to China’s human rights history – China is Sudan’s largest trading partner and is seen as a supporter of the turmoil in Darfur – , the issue of Asia’s influence in Africa will increasingly make mainstream news. With the India-Africa summit and China and South Africa celebrating a 10 year anniversary of diplomatic ties, we are sure to see a rapid impact of Asia in Africa.
(India’s Prime Minister Manmohan Singh) said India would more than double its lines of credit to African countries and regional economic groups to $5.4 billion, up from $2.15 billion in the last five years. Two-way trade between India and the African continent totals about $30 billion a year, having grown sixfold in the last five years, according to Indian Junior Minister for External Affairs Anand Sharma. In comparison, trade between China and Africa surged from $55 billion in 2006 to $73.3 billion last year, according to China’s official Xinhua News Agency. Premier Wen Jiabao said in 2006 that China should strive to bring the trade volume to $100 billion by 2010. ….In the last few years China and India have both bolstered their presence in oil-rich African nations. Last year companies from both countries won in a round of bids for exploration licenses in Nigeria, Africa’s leading oil exporter.
– Time
