Jaitley to discuss boosting India-Africa Cooperation

Finance Minister Arun Jaitley will discuss potential areas of boosting cooperation between India and Africa here tomorrow.
Jaitley will open the India-Africa Cooperation session being held in conjunction with the annual meeting of the African Development Bank (AfDB).
The sessions will cover areas such as trade and investment, agriculture, renewable energy and manufacturing among others.
Total trade between India and Africa increased almost five-fold between 2005-06 and 2015-16, and stood at USD 52 billion in March 2016-17.
India's exports to Africa increased from USD 14 billion in 2007-08 to USD 23 billion in 2016-17, with compound annual growth rate of 5.6 per cent.

Indian imports from Africa increased from USD 20 billion in 2007-08 to USD 28 billion in 2016-17 accounting for 7.5 per cent of total Indian imports.
This is the first time that the AfDB is holding its annual meeting outside of the African continent.
Heads of states from Benin and Rwanda and other African countries as well as vice-presidents from Comoros and Cote d'Ivoire and AfDB president Akinwumi Adesina are expected to address the sessions.