• Friday, April 26, 2024

Business

India’s Modi in South Africa for talks with Zuma, trade summit

Modi meets Zuma

By: Eastern Eye Staff

INDIA’S Prime Minister Narendra Modi met South Africa’s President Jacob Zuma today to discuss boosting investment and trade, in a continent where India is playing catch-up to China. Modi in October hosted the leaders of 54 African nations, including Zuma, in the biggest India-Africa summit, promising $10 billion in credit to back a “partnership of prosperity”. Modi, who arrived from Mozambique, is also due to visit Kenya and Tanzania. “Indian companies hold strong business interests in South Africa. About one-fourth of our investment in Africa are in this country and there is potential to expand our business ties,” Modi told…

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