Interview with H.E Mr. Francis Kasaila, Minister of Foreign Affairs and International Cooperation, Malawi
At such conferences, people talk a lot and several promises are made. But do the Indian investors actually go to Africa? Does something fruitful come out of these conclaves?
There is definitely enthusiasm from the side of investors in India and they want to engage the representatives of Africa. That is the starting point. When people are talking, then interest is created. Of course, when people hear about the risks involved in Africa, they may have followed it up from the news items. Nevertheless, those are just news items, because our contemporaries in the media like stories that can sell.
However, the ground reality may not be exactly what is being portrayed by the media houses. For you to appreciate what is available, you have to go on the ground. Then you know exactly what the challenges are and what the opportunities are. Subsequently, you make connections within the country so that they can assist you in your endeavours. Our thinking is that India is opening up to Africa. More investors are looking at Africa as an opportunity and not a liability as it was considered previously.
I hope that whatever we are discussing will be followed up. The investors will not just wait for EXIM-funded projects as there are a number of other financing agencies – African Banks, the World Bank and the International Monetary Fund – to get resources.
This story is from the April 2017 edition of The Times Of Africa.
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This story is from the April 2017 edition of The Times Of Africa.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Furniture - A Growth Oriented Industry
Africa constitutes 16.36% of the total world population and contributes 3% to the world Gross Domestic Product (GDP). Africa is a huge pool of population, which is projected to expand and grow rapidly. By 2050, 2.4 billion more people are expected on the planet out of which 1.3 billion are expected to be born in Africa. The majority of the world’s population growth is expected to take place in Africa. It is said that where there is population, there are enormous opportunities. Business opportunities is one the aspect of this broad spectrum of opportunities.
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