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CONCESSIONAL LOANS TO AFRICA
India-Africa trade crossed USD 100 billion in 2024-25: Kirti Vardhan SinghIndia-Africa trade surpasses USD 100 billion, marking India as a top investor in Africa. India extended significant loans and grants for Af...- First Indian PM visit to West Africa in 17 years seeks to boost security, investment tiesPrime Minister Narendra Modi is embarking on a historic visit to Nigeria, marking the first such trip in 17 years. The visit aims to unlock...
- DERC grants regulatory approval to Battery Energy Storage System with GEAPP's supportThe project aims to provide 24/7 power to more than 12,000 low-income consumers.
- View: India needs to relook its economic engagement with AfricaIndia needs to relook at its economic engagement with Africa post-pandemic, moving away from its human resource development approach to an ...
- Defence minister Rajnath Singh to host his counterparts from Africa during DefExpo"Singh will host the defence ministers of African nations during the India-Africa Defence Dialogue (IADD) on October 18," the defence minis...
- India's cumulative investments in Africa stand at USD 70 billion: MEAIndia's investments in Africa are in sectors such as oil and gas, mining, banking, pharma, textiles, automotive and agriculture. The MEA sa...
- South Asian nations start revisiting China's BRI, the great pushback beginsThe resistance against CPEC – the flagship project of BRI — is the most striking in Pakistan.
- India, UAE to ink MoU for projects in third countriesIndia and UAE will collaborate to set up an IT excellence centre in Ethiopia riding on Delhi’s expertise and UAE’s funds in the Eastern Afr...
- Europe, Japan, US, UAE prefer India for joint infrastructure projects in AfricaThe UAE, France, Germany, UK and Italy are in talks with India to launch joint projects in Africa owing to India’s goodwill created by fund...
- Explore import of commodities like wheat: India to NigeriaAbout USD 10 billion concessional loan extended to African nations in 2015, the minister exhorted his Nigerian counterpart to take benefit ...
- President Ram Nath Kovind invites Ethiopian and African business to IndiaAddressing the India-Ethiopia Business Dialogue, the president said Ethiopia and India have been trading with each other for centuries.
- India's dollar diplomacy takes off, puts China's domination under threatIndia has begun extending loans the world over. Unlike India, Chinese offers loans at commercial rates. It has pushed several countries int...
- Chinese loans may put Bangladesh in debt trapChina is arm-twisting Bangladesh to convert the soft loans it offered last year to commercial credit (incurring higher interest rates).
- Ahmedabad gathering: African Development Bank's first meet outside AfricaThe meeting will be attended by top leaders of Ivory Coast, Senegal and Benin, besides the finance ministers and central bank governors of ...
- PSBs may offer cheaper loans to companies bidding for projects abroadFunding will be below market rates but accompanied by conditions. “They will have to source at least 75% of the project requirements from I...
- Chinese aid norms curb exports of Indian drugs to markets in Africa, Asia & eastern EuropeIndia exported $15.2 billion medicines in 2014-15 and around 15% of these medicines were sold in economies that are availing concessional l...
- Budget 2015: Commerce department seeks support to promote export projects worth $10 billionOfficials said that the funding requirement will be of the order of Rs 400-500 crore and should not pose a major problem for the ministry.
- India could lose World Bank soft loans; Middle-income tag to make it ineligible for IDA fundingIndia stands to lose over $2 billion in low-interest funds for many of its welfare schemes, besides missing out on social initiatives.
- Exim Bank clears funds for Tatas' Zambia power projectSingur might haunt the Tata Group for quite some time, but there is some good news from Africa for the beleaguered business conglomerate.
- Exim Bk extends credit line to ChadExport and Import Bank of India has provided $ 50 million loan to West African country Chad for importing steel rolling mill, bicycle plant...
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