Author: Lilly Wilkinson

This past autumn, data was published suggesting that Indian investment across the African continent has risen significantly. Specifically, the World Investment Report for 2023 from the United Nations Conference on Trade and Development (UNCTAD) revealed that India’s financial commitments had come to amount to $14 billion (NGN 11.25 trillion) in foreign direct investment (FDI) outflows to India, as of 2021. The report, summarised at Business Standard, described this data as being “broadly indicative” of a trend toward more financial commitments across the African Union. Undoubtedly, this kind of growing investment will help to boost African economies and spark growth in new…