AIEF: Africa India Economic Foundation
It is an Institutional Mechanism established to integrate and promote knowledge, technology, industry, trade, commerce and investments between the private sectors and MSMEs (Micro, Small and Medium Enterprises) of India and all countries of Africa, with a focus on social development.
AIEF is a nodal organisation for entrepreneurs, providing a single window platform for identifying reliable and trusted business opportunities along with verified partners in Africa and India.
Where AIEF makes the difference
Leverage technology, expertise & experience, for industrial and MSME development between Africa and India
Build a conducive business environment by working with policy and regulatory authorities
Connect to international value chains leading to increase in export potential and opportunities
Provide training and skills as essentials to the technology transfer programs between Africa and India
Assistance in international concessional financing
Promote and mainstream inclusive and green trade
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Africa: The Emerging Economy
19 out of 20 fastest growing countries in the world are in Africa
Highest youth population - 60% of the population will be under 24 by 2025
Africa Continental Free Trade Area (AfCFTA) - a single continental market for goods and services
By 2025, the internet economy has the potential to contribute nearly $180 billion to Africa’s Economy
Africa is pushing to close its Infrastructure gap of ≈$100 billion/year
Africa is Industrialising (17%↑ since 2010),outpacing the global growth rate
Need For Such A Platform
01
In spite of the proximity, the two regions do not know each other well enough
02
Social and economic relations date back 1000s of years but ties do not run deep enough
03
Stakeholders see a lot of promise but hold back from pursuing the potential
04
Both African and Indian Businesses, do not find it easy to pursue opportunities due to lack of transparency
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News
21 November 2021
AIEF partners with Government of Maharashtra
07 February 2020
African Union supports AIEF's initiative in their AU Summit 2020
Insights
Partners
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Credentials
"I am happy that young entrepreneurs like you have brought together India and these West African countries on one platform for techno-economic cooperation with long term impact on Indo-African ties in all spheres of life."
"I am firmly of the view that our efforts to achieve the Sustainable Development Goals by 2030 or tackle issues such as vaccine inequity, climate crisis, gender inequality or economic recovery are only possible through strong partnerships. Our solutions for this planet rests in our joining hands together."
"Firstly, let me thank you for your support to the Ministry of External Affairs, especially in setting up the Techno Economic Approach for Africa India Movement (TEAM 9), which became the fulcrum of India's engagement with not Just West Africa but, subsequently, with all of Africa."
"I wish to inform you that following the adoption of the Executive Council Decision in February 2020 that welcomed the establishment of an Africa India Business Centre in Mumbai, India.
We appreciate the support extended by the Ministry to AIEF in promoting MSMEs of Africa and India."
"India stands ready to work with African union and Africa India Economic Foundation to build a strong relationship between the business communities especially the Private Sector and MSMEs"
"The launch of this collaborative effort between the United States, India, and Africa embodies
the partnership we need to overcome the challenges imposed on us by the COVID-19 pandemic."
"The Government of Sierra Leone welcomes the formation of the Africa India Business Centre in Mumbai, India.
This initiative, will certainly enable our SMEs to interact with the SMEs and the business houses of India and bring in the expertise and technologies which would contribute to the Industrial and economic development of our country.
We are pleased to be part of the Africa India Economic Foundation and wish you every success in your mission.
We strongly are of the opinion that, we together can develop a networking platform between the private sectors and SMES of America, Africa and India for business-to-business interactions, to enable more successful partnerships and to promote cross-border and international business synergies.
I am writing to welcome the initiative of Africa-India Economic Foundation (AIEF) developed in consultation with the African and Indian business community, to set up an Africa India Business Centre (AIBC) in Mumbai, for furthering India Africa partnership.
“ON THE PROJECT FOR THE ESTABLISHMENT OF AN AFRICA -INDIA BUSINESS CENTRE IN INDIA
ENCOURAGES the African and Indian Private Sectors to work together to achieve the objectives of the Africa-India Partnership and
WELCOMES the initiative for the establishment of an Africa-India Business Centre in Mumbai, India”
“ I have a strong feeling that the setting up of the Africa India Business Centre (AIBC) in Mumbai will foster business engagements between the business communities of Africa, India and America to access and promote their respective markets.”
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