Vol 4 (AAC) No 2 | INDIAAFRICA Digging deeper 27th December 2010 New Delhi wants to beat its international competitors in the race for new oil concessions by building strategic partnerships with Angola and Sudan India’s diplomats are looking for both commercial and ‘preferential’ means to access oil acreage and to increase oil supplies. However, the Indian government will need to speed up...
Vol 4 (AAC) No 1 | INDIA Ravi Ruia 18th November 2010 Co-founder and Vice-Chairman, Essar Group The Essar Group’s overseas expansion is accelerating into Africa. In April, Ravi Ruia announced that his sojourn in London would become permanent. The city became his capital-raising base:...
Vol 3 (AAC) No 12 | NIGERIAINDIA India follows China’s lead 21st October 2010 Wherever China goes in Nigeria, India tends not to be too far behind. Chinese contractors may have landed all of the major railway deals in Nigeria (AAC Vol...
Vol 3 (AAC) No 12 | INDIA Ratan N. Tata 21st October 2010 Chairman, Tata Group Ratan N. Tata is the Chairman of the Tata Group, an industrial conglomerate that began life as the cotton trading company of his great-greatfather, Jamshetji Tata. The Group now has...
Vol 3 (AAC) No 11 | UGANDACHINAINDIAOIL AND GAS Queueing up for Lake Albert's oil 22nd September 2010 Indian and Chinese companies have joined the race for Uganda's oil assets in the Lake Albert Basin, where at least 2 billion barrels of oil have been discovered....
Vol 3 (AAC) No 9 | NIGERIACHINAINDIA Beijing gazumps New Delhi 20th July 2010 China's state companies advance billion-dollar oil and banking deals while India's plans are now on hold The Lagos State government, the Nigerian National Petroleum Corporation and the China State Construction Engineering Corporation signed an US$8 billion deal this month for a 300,000 barrel-per-day oil refinery and a...
Vol 3 (AAC) No 9 | CONGO-KINSHASAINDIABRIEFING Take the diamonds and run 20th July 2010 A fly-by-night Indian company registered in Hong Kong has packed its bags and disappeared after mining diamonds and not paying taxes for more than four years. Kasaï Oriental's Direction Provinciale des...
Vol 3 (AAC) No 9 | INDIATELECOMS Manoj Kohli 20th July 2010 Chief Executive Officer (International Operations), Bharti Airtel Bharti Airtel, India's largest mobile services company, at last acquired long-coveted African assets when it completed the purchase of Zain's Africa operations for US$10.7 billion on 8 June. Bharti Airtel...
Vol 3 (AAC) No 8 | ETHIOPIAINDIA Fertile fields for India 17th June 2010 The Addis government shows scant regard for the potential local impact of massive Indian investment in floriculture and biofuels Ethiopia is renowned more for its famines than for its fertile fields but land leasing has become a burgeoning business in some of the most unlikely locations. Vast swathes of...
Vol 3 (AAC) No 8 | MAURITIUSINDIA Taxing times 17th June 2010 Port Louis suspends six forex companies as talks resume on the tax treaty that allows Indian companies to launder illicit funds India’s Finance Minister Pranab Mukherjee is sending a team of senior officials to resume the difficult negotiations with Mauritius to resolve the lingering stand-off over the 1983 Double Tax Avoidance Agreement....
Vol 3 (AAC) No 8 | INDIA S.M. Krishna 17th June 2010 Minister for External Affairs, India After the resignation of New Delhi’s point man on Africa, Shashi Tharoor, in May, External Affairs Minister S.M. Krishna is taking an even more hands-on role in the cultivation of...
Vol 3 (AAC) No 7 | MAURITIUSINDIA Round-trips and hot money 20th May 2010 Indian companies are routing tens of billions of dollars through Mauritius each year in a giant tax avoidance scheme India is changing its tax laws in a bid to introduce greater transparency into its financial transactions with Mauritius. The aim is to stem ‘round-tripping’ of funds by politicians, businessmen and...
Vol 3 (AAC) No 7 | MAURITIUSINDIA Tweeting Tharoor and the cricket controversy 20th May 2010 Minister of State for External Affairs for Africa Shashi Tharoor considered himself a modern diplomat for his embracing of the internet messaging website Twitter. Yet his tweets from...
Vol 3 (AAC) No 7 | INDIA Ajai Chowdhry 20th May 2010 Chairman, HCL Infosystems Lessons from India’s rise can be fruitfully applied to Africa – another group of a billion or so people: this was the message Ajai Chowdhry brought to Tanzania....
Vol 3 (AAC) No 6 | INDIAAFRICA Wanted: special partners 22nd April 2010 Delhi offers cooperation, capacity building and, of course, cash in the unspoken competition with China for African hearts, minds and resources India plans to increase its annual trade with Africa to US$70 billion – up from current levels of $45 bn. – over the next five years. That is...
Vol 3 (AAC) No 6 | INDIAAFRICA For Punjabi farmers, an African frontier 22nd April 2010 African missions from Ethiopia, Mozambique, Tanzania, Uganda and Zimbabwe were invited to a conference in Patiala in Punjab on 26-27 March with farmers from all over the region...
Vol 3 (AAC) No 5 | ALGERIACHINAINDIA East-West Highway to trouble 15th March 2010 Political rivalries in Algiers deepen as Chinese companies are named in an anti-corruption probe into Africa’s biggest road project State prosecutors have ordered more arrests this month, as investigations intensify into the Chinese companies and European middlemen dealing with Algeria’s US$12 billion East-West Highway project. The probes,...
Vol 3 (AAC) No 5 | ALGERIACHINAINDIA Companies and contracts under scrutiny 15th March 2010 There are four main strands to the sweeping the anti-corruption investigations launched in the wake of President Abdelaziz Bouteflika’s win with 90% of the votes cast in the...
Vol 3 (AAC) No 5 | CONGO-KINSHASAINDIA Monuc moves out 15th March 2010 The United Nations announced in early March that it would begin to withdraw its peacekeeping mission, the Mission des Nations Unies en République Démocratique du Congo (Monuc) from...
Vol 3 (AAC) No 4 | TANZANIAINDIA RITES not right 12th February 2010 The renovation of Tanzania’s dilapidated railways stalls due to a dispute between the government and its Indian partners The Rail India Technical and Economic Services buyout of 51% of Tanzania’s national railway company is set to collapse this month. In March 2006, RITES agreed to buy part of...
Vol 3 (AAC) No 4 | TANZANIAINDIA Untoward Indian tillers 12th February 2010 A US$40 million concessionary loan from the Indian government is mired in delays, a legal review and accusations of corruption. Moreover, the mix of army-owned enterprises, tied aid and squabbling agents...
Vol 3 (AAC) No 4 | INDIA Anil Agarwal 12th February 2010 Chairman, Vedanta Resources, India Chinese investment may attract the ire of the Zambian opposition (see Briefing), but it is an Indian company that operates Zambia’s largest copper mine. Anil Agarwal’s Vedanta Resources is hiding, as...
Vol 3 (AAC) No 3 | INDIAAFRICA Deconstructing Chindia 15th January 2010 Delhi’s diplomats show how its brand of democracy and business differs from Beijing’s India’s push for more trade and access to African mineral resources in 2010 will be made with one eye focused on Beijing. Indian diplomats and businessmen are trying...
Vol 3 (AAC) No 3 | INDIA Mohammad Hamid Ansari 15th January 2010 Vice-President, India Indian Vice-President Mohammad Hamid Ansari began 2010 with a seven-day trip to Zambia, Malawi and Botswana. Ties abound between India and the three countries: Vedanta is the largest...