Ecobank, Exim to promote Africa-India investment
Ecobank, Exim to promote Africa-India investmentBy Gift Chanda
Wed 27 June 2012, 13:25 CAT
ECOBANK Group has partnered with the Export-Import Bank to promote and finance trade investment flows between Africa and India. Under the partnership, the Export-Import Bank of India will work with Ecobank to explore joint trade and investment opportunities across Ecobank Group's unrivalled footprint of 32 countries in Middle Africa.
Commenting on the partnership, Arnold Ekpe, Ecobank Group's chief executive officer, said the institution was looking forward to working very closely with the Export-Import Bank to facilitate the growing trade and investment flows between Africa and India.
India's trade with Africa has doubled over the past four years to over US$50 billion, with the Indian government setting a 2015 bilateral trade target of US $90 billion.
The trade increase has been accompanied by stronger investment ties, with Indian investments in Africa totalling US$2.4 billion in 2008.
Labels: ECOBANK, EXIM BANK, INDIA
posted by MrK @ 3:55 PM
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