Home | News    Wednesday 25 May 2011

India grant $5 billion in aid and promise to build new institutions in Africa

separation
increase
decrease
separation
separation

By Tesfa-Alem Tekle

May 24, 2011 (ADDIS ABABA) – Indian Prime Minister Manmohan Singh, addressing the opening session of the 2nd Africa-India Forum Summit in the Ethiopian capital, Addis Ababa, on Tuesday announced a record $5 billion grant to Africa in a bid to help the continent achieve its development goals.

JPEG - 7.1 kb
African Union Head Jean Ping with Indian Prime Minister Manmohan Singh

"We will offer 5 billion dollars for the next three years under lines of credit to help Africa achieve its development goals," Singh said in his address to heads of states and representatives of 15 African countries.

On top of the loan grants, India has also offered an additional $700 million to establish new institutions and training programs in Africa and $300 million support for the new Ethiopia-Djibouti railway line project.

“Under the lines of credit that we offered at the first Summit, we had specifically looked at promoting regional integration through infrastructure development,” the Indian premier said.

“On the advice of the African Union, I am happy to announce that we would support the development of a new Ethiopia-Djibouti Railway line to the tune of 300 million USD for this important regional project”.

The Prime Minister proposed the establishment of an India-Africa Food Processing Cluster, Integrated Textiles Cluster, Centre for Medium Range Weather Forecasting Cluster and an India-Africa Institute of Agriculture and Rural Development.

He also proposed the creation of an India-Africa Virtual University, which will provide 10,000 new scholarships for African students after its establishment.

“This, we hope, will help to meet some of the demand in Africa for higher studies in Indian Institutions,” Singh said adding that the current 500 African scholarships per year would be increased to 900, taking the total commitment for the next three years to more than 22,000.

In his address, Prime Minister Singh also announced India’s commitment of two million USD for the African Union Mission in Somalia to support the efforts of maintaining peace and security in Africa.

This is the first time the summit has been held in Africa. The first Summit was held in 2008 in India.

Describing the Summit as a historic gathering of leaders, Singh said the presence of leaders on such a scale on African soil showed that the two sides were on the right path in building an enduring partnership describing it as "a partnership that is unique, special and between two equals".

(ST)

Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.

Comment on this article



The following ads are provided by Google. SudanTribune has no authority on it.



Sudan Tribune

Promote your Page too

Latest Comments & Analysis


Who can unlock the current impasse in Sudan? 2019-07-01 06:44:52 By Luka Biong Deng Kuol Since the eruption of the Sudanese popular uprising on 19th December 2018, the protesters have made history. Not only have they unseated one of the longest-serving (...)

Victims of Sexual Violence in Sudan Deserve Justice 2019-06-19 07:16:08 by Tchérina Jérolon, and Daisy Schmitt Today, as we commemorate the International Day for the Elimination of Sexual Violence in Conflict, we demand accountability for sexual crimes committed in (...)

Ezekiel Lol reignites political begging as a Freedom of Expression 2019-06-14 22:49:39 Gatdiet Peter Here, the question is: to what extent does a politician become a “political beggar”? A politician becomes a beggar and (re)focuses on the “politics of begging” as soon as (s)he has (...)


MORE






Latest Press Releases


Sudanese lawyers and Human rights defenders back calls for civil rule 2019-04-26 10:22:06 Press statement by 55 Sudanese lawyers and Human rights defenders on Sudan Sit-in and Peaceful Protest Khartoum -24/04/2019 We, the undersigned (55) Sudanese lawyers and human rights defenders, (...)

South Sudan’s Lafon youth condemn killings of civilians by Pari community 2019-04-03 21:54:29 Press Statement on the Fighting between Pari/ Pacidi and Lotuko/Lokiri on 24/3/2019 Release by The Lafon County Youth Union: We, the Lafon County Youth Union hereby condemn the atrocities and (...)

Joseph Malwal Dong joined the SPLM/A -IO 2019-04-02 08:35:02 SPLM/A (IO) Press Release 1/4/2019 On Hon. Joseph Malwal Dong Joined the SPLM/A (IO) The leadership of the SPLM/A (IO) would like to seize this precious opportunity to announce to members and (...)


MORE

Copyright © 2003-2019 SudanTribune - All rights reserved.