- China began wooing Africa in earnest in the late 1990s. It held a
summit with 35 heads of state in Beijing in 2006.
- India began reorienting its Africa policy in 2004. It made a concerted effort to ease procedures for extending lines of credit, and spread its geographical footprint in western and central Africa.
- China is already Africa's third largest trading partner at $50 billion with a goal to reach $100 billion by 2010
- India's current trade with Africa stands at $25 billion
- Chinese investment in Africa is worth $8 billion
- India's official investment in Africa is around $2 billion and private
sector at $5 billion
- But India has several advantages over China. India's technologies are better suited to African conditions. Africans want India's IT prowess and its flagship companies enjoy recognition.
- China's strategy is aggressive. The Chinese government and state-owned companies work to capture resources in various African countries, offering sky-high prices.
- India's policy is to make small but significant inroads
- Indian government policies are not closely tied to its private sector
- The huge Chinese presence in the shape of small ‘Chinatowns’ has sparked local resentment. Congo shut down three Chinese companies and expelled 600 Chinese. China is seen to be dumping cheap goods.
- Indian presence is smaller. India wants to build basic infrastructure, not just grab and run.
Abdelaziz Bouteflika, President Algeria
Joseph Kabila Kabange, President Congo
Mwai Kibaki, President Kenya
John Kufuor, President Ghana
Thabo Mbeki, President South Africa
Yoweri Kaguta Museveni, President Uganda
Maitre Abdoulaye Wade President Senegal
Meles Zenawi Prime Minister Ethiopia
Tertius Zongo Prime Minister Burkina Faso
Mrs Fayza Abou El Naga Minister of International Cooperation Egypt
Ali Abdul Salam Altreki Secretary African Union Affairs
Goodluck Jonathan Vice-President Nigeria
Jakaya Mrisho Kikwete President Tanzania
Ryupiah Banda Vice-President Zambia
Prof Alpha Oumar Konare Chairperson African Union Commission