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PM leaves for home after six-day visit to African nations

Last Updated: Saturday, May 28, 2011 - 13:25

Dar-es-Salaam: Prime Minister Manmohan
Singh on Saturday left for home after a six-day visit to Ethiopia
and Tanzania during which he announced a financial package of
6.6 billion to the African nations.

During his three-day visit to Tanzania, India
announced a new line of credit and assistance of USD 190
million for the nation and signed an agreement on avoidance of
double taxation.

The two nations also vowed to intensify cooperation to
combat terrorism and piracy and work closely for comprehensive
UN reforms.

The new line of credit of USD 180 million will be for
water supply projects in Dar es Salaam. Singh also announced a
fresh grant of USD 10 million for capacity building projects
in the social and educational sectors.

In Addis Ababa, the Prime Minister addressed the
Second Africa-India Forum Summit and announced USD five
billion lines of credit to Africa besides unveiling a slew of
measures to boost infrastructure development and capacity
building in the mineral-rich continent.

India also committed an additional USD 700 million to
establish new institutions and training programmes and USD 300
million for development of a new Ethio-Djibouti railway line.


First Published: Saturday, May 28, 2011 - 13:25

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