Q FM Africa's Modern Radio
Zambia has described the partnership that exists between India and Africa as a true example of the south-to-south cooperation.
Vice President Inonge Wina says Africa has a lot of lessons to learn from India’s economic growth which has developed tremendously in the recent past.
Mrs. Wina said this today when she presented her speech at the third India-Africa forum summit held at Indira Gandhi stadium in New Delhi.
She has since called for a mutual partnership between India and Africa.
She urged the government of India to provide incentive to that country’s business houses wishing to
invest in Africa.
Mrs.Wina said today’s summit will further guide the two partners on their development agenda.
And Mrs. Wina has observed that Africa needs about US$75 million per year for infrastructure development and maintenance.
She noted that infrastructure development will play a critical role to the economic growth of the African continent.
Earlier, the Prime Minister of India Narendra Modi pledged his country’s continued commitment to help African countries develop through financing and human development.
Mr. Modi said Africa and India share a long history of shared relationship hence the two regions should now strengthen their partnership for the betterment of their citizens’ lives.
He observed that the partnership between his country and the 54 African nations should be focused on the development of human capital and institutions.
The Prime Minister of India has meanwhile disclosed that his country will offer concessional credit of US$ 10 billion over the next five years in addition to the on-going credit programme.