India offers Africa $10bn credit line

Hot Spot, 2015, Yearend 2015
India’s relations with the 54 nations of Africa have received a much-needed reboot as a result of the India-Africa Forum Summit in New Delhi this week. An additional concessional credit line of $10 billion came alongside pledges for India and Africa to interact closely across areas of mutual interest like energy, climate change, agriculture and terrorism. India also renewed its commitment to help develop infrastructure, public transport, clean energy, irrigation, agriculture and manufacturing capacity across Africa.