India’s New Promises To Africa

During the Second India-Africa Forum Summit last week in Ethiopia, Indian Prime Minister Singh promised significant support for African development. We take a look at what Indian engagement in Africa is shaping up to look like.

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China and South Africa drawing closer

The South Africa Ministry of Trade and Industry just released data showing that China is now the nation’s top country trading partner. The top regional partner is still the European Union, but the single country with the largest trade volume is China. Exports to China from January to June 2009 were 27.6 billion rand (3.6 billion USD). Exports to the US during the same period were 19.1 billion rand (2.51 billion USD).