CURRENT AFFAIRS

Detailed explanation-1: -The valedictory address was delivered by Ambassador Navtej Singh Sarna, Secretary (West), Ministry of External Affairs. Africa is a continent of paradoxes with 34 of the least developed countries and six of the fastest growing economies in the world, the panel discussed.

Detailed explanation-2: -held in 2015 was the third such Summit. 2. was actually initiated by Jawaharlal Nehru in 1951.

Detailed explanation-3: -For Indian businesses, Africa represents a massive untapped market, especially for manufacturing goods like textiles, pharmaceuticals, automobiles and light machinery. Africa also carries opportunities in the resource and energy sectors, which have traditionally been areas of vulnerability for India.

Detailed explanation-4: -India’s main exports to Africa are refined petroleum products and pharmaceuticals. Africa primarily exports crude oil, gold, coal, and other minerals to India.

Detailed explanation-5: -The major cooperation between India and Africa on renewable energy is through the International Solar Alliance (ISA), a multilateral body co-founded by India intended to increase the deployment of solar energy technologies in order to ensure energy security and drive energy transition in member nations.