Indian companies have a head-start in translating those growth trends into profitable, sustainable enterprises. From deep experience in their home market, they know how to overcome the challenges that limit markets and make life harder for ordinary people. Africa should be high on the agenda of Indian companies targeting global growth. Their innovations and investments can create both outsize returns and real social impact.
India has begun to implement plans to expand its diplomatic footprint across resource-rich Africa, appointing ambassadors to countries where previously it had no representation, such as Djibouti and Burkina Faso. New Delhi seeks to extend its diplomatic reach to 47 out of 54 African nations, up from the existing 29, with the new appointments.
Gulf states with deep pockets and big appetites are asserting themselves in the Horn of Africa as never before. The flurry of new economic and military investments is reshaping geopolitical dynamics on both sides of the Red Sea, as two formerly distinct regions are fast becoming one.
Three common misconceptions in Western media and policy circles about the nature of China’s involvement in Africa interferes with US policymakers’ ability to craft and implement an effective Africa strategy. Debunking these myths will foster a more constructive understanding of Beijing’s interactions with the continent and allow the United States to focus on areas of competitive advantage.
Photo courtesy: Asian Development Bank
For eons, the earth has had the same amount of water—no more, no less. What the ancient Romans used for crops and Nefertiti drank? It’s the same stuff we bathe with. Yet with more than seven billion people on the planet, experts now worry we’re running out of usable water. The symptoms are here: multiyear droughts, large-scale crop failures, a major city—Cape Town—on the verge of going dry, increasing outbreaks of violence, fears of full-scale water wars. The big question: How do we keep the H20 flowing?
More than 75 nations participate in China’s Belt and Road Initiative, launched in 2013 to develop trade and connect Asia, Africa, the Middle East and Europe with ports, roads and railways. But some countries worry about adding to already heavy debt burdens, and some projects have become an issue in local politics. Among the most vocal critics is Malaysia’s Prime Minister Mahathir Mohamad who has warned about a new colonialism.
For many emerging economies, it is imperative to pursue a rebalancing of growth patterns, with a more active approach to managing debt and capital flows and their effects on asset prices, exchange rates, and growth. Otherwise, the dangers of unsustainable growth patterns will bring expansion to an abrupt halt.
Indian Prime Minister Narendra Modi with the President of Uganda, Yoweri K. Museveni, in Kampala, Uganda on July 24, 2018. Photo/PIB
India’s links with Africa are centuries old, bolstered by trade across the Indian Ocean and a million-strong diaspora across Africa. Shared colonial legacy and post-independence development experience has framed India’s relationship with Africa. India’s role as a champion of anti-colonialism and anti-racism after its independence in 1947 drew it closer to the African nations. India emerged as one of the most vocal critics of apartheid in South Africa.
Chinese tourists in South Africa. Pix/LBB
Chinese President Xi Jinping heads to Africa this week as Beijing moves to further cement its role as one of the continent’s closest economic and diplomatic allies. After a brief stop in the Persian Gulf Thursday, Xi’s itinerary — his first overseas trip since beginning his second term as leader — takes him to Senegal, Rwanda, South Africa and Mauritius, spanning almost every corner of Sub-Saharan Africa, where China’s economic clout, and strategic ambitions, are growing by the year.
Since the European Union’s migration crisis peaked in 2015, the number of illegal migrants arriving in the EU has fallen by 95%. Migration challenges remain, and reform of the EU’s methods for managing immigration is desperately needed, as the recent scandalous treatment of the Aquarius rescue vessel, which Italy and Malta turned away, made all too clear. But the timing of the immigration talks held by European leaders in Brussels last month was more a reflection of domestic political crises than a response to a spike in new arrivals.
