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Ghzlan Mahmoud Abdul Aziz
India’s Investment Relations with Africa

For strengthening its strategic partnership, India has undertaken

major investment initiatives in recent years, and has grown to be
one of the major investors in Africa. The most important investors

include; Indian Multinational Enterprises (MNE’s), Indian building
and telecommunications companies, and a number of auto industry
majors. These investors have been participating in various fields in-

cluding; telecommunications, power, computer services, automobile,

infrastructure, etc. in Africa.

The investments from India to Africa improved to be amount-
ed $ 54 billion during the period; April 1996 to March 2016. Along

with the African nations, Mauritius is the top state in terms of receiv-
ing main FDI inflows, followed by Mozambique, Sudan, Egypt and

South Africa.

Adding to a number of investments in diverse sectors -mentioned
above-, EXIM Bank of India has in position Lines of Credit (LOC)

extended to a number of institutions/agencies in Africa . The over-
(23)
all number of functioning LOCs to Africa stood at 154 as on Decem-
ber 31st, 2016 amounting to $ 7.7 billion as extended to 44 countries.

According to the latest common information by the Confed-

eration of Indian Industry (CII) and the World Trade organization
(WTO), India’s contemporary total investments in Africa amount to

more than $50 billion.

Africa’s enormous resources attracted FDI from India, in addition
to oil and gas, Africa, as the world’s second leading continent, has

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