Towards the end of October, India will be hosting a big summit to reinstate her ties with African that were characteristic of shared struggles both endured that accrued to colonial rule.
Eyeing the World Trade Organization (WTO) summit expected to be hosted in Kenya in December, India is hosting a summit to strategize on renewing her African ties.
China has been and continues to be a significant traditional trade partner to most African economiers but India wants its involvement in Africa to be less transactional than China’s.
Trade ministers from India and Africa are looking to make common cause come WTO ministerial meeting in Nairobi.
Although India’s headline economic growth has overtaken China’s, its economy is one-fifth the size and it lacks the financial heft to challenge Beijing in a head-to-head contest for the African market.
However, New Delhi’s entry strategy in the market provides African economies with a variety in the market including traditional trade partners as well as entry of the world’s fastest growing economy.