As the five members of the BRICS group of emerging economies – Brazil, Russia, India, China and South Africa – tighten ranks and seek to expand their global influence, the inevitable trade spats have begun.
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CAPE TOWN – The reality of Indian and Chinese investment in Africa is much more complex than the good cop, bad cop image of Asia’s two emerging economic giants.
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The celebrated Kenyan writer reflects on how much India has been an important thread in his life and in the wider anti-colonial struggle in Africa, and calls for greater interaction between Africa, Asia and South America to escape the long shadow of the ‘Age of the European Empire’.
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Trade between India and Africa is bound to hit the $70billion mark in the next two years. The 8th CII–Exim Bank Conclave on India-Africa Project Partnership held at New Delhi, India between 18th-20th March 2012.Our reporter was present.
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Johannesburg – South Africa needs to stop agonising over whether it deserves to be in BRICS and start focusing on making the most of its membership to leverage better trade deals.
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