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The rise of china and India in Africa; From an economic perspective
64.17 billion. Mauritius accounts for 40% of total FDI inflows India,
a few estimates suggest that over 50% of US companies path their
investments to India by the way of Mauritius, for taking benefit of
an exception in capital gains clause. Morocco and South Africa are
following as largest investors in India with investments from $ 137
to $ 112 million .
(29)
In addition to this program (FAP), there is India’s two-sided aid
program, that is complemented by a mutual plans whereby the gov-
ernment supports and dealings with African local institutions, as; the
Africa Union, NEPAD and the five regional economic communi-
ties . This program is estimated to promote India’s trade coopera-
(30)
tion with the African countries through involvement in regional plans
that are permitted by NEPAD and the local economic communities.
China-Africa trade from 1991 to 2017
China-Africa bilateral trade has been growing in the previous 16
years, punctuated by a simple retreat, then quickly recovered from
the financial crisis of 2009. On the other hand, weak product prices
since 2014 have deeply impacted the price of African exports to Chi-
na, even while Chinese exports to Africa remained stable.
China’s strategic integration inputs in Africa are mainly notable
in great level infrastructural and mining projects. Chinese firms in-
volved in extractive industries like hydrocarbons that are responsible
for the recovery and exploration of oil and natural gas assets.
The do business between China and Africa surged from $3 billion
in 1995 to $32 billion in 2005 and about $55 billion in 2007, even
though Africa makes up only 2.3 per cent of China’s totally trade .
(31)
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