India and the African Development Bank Group are enhancing collaboration in digital infrastructure, industrial development, and finance in preparation for the upcoming India-Africa Forum Summit 2026. The summit, set for May 31 in New Delhi, aims to bolster economic and strategic ties between India and African nations. This partnership aligns with the Bank Group’s strategic focus on capital access, financial systems, and industrialization in Africa.
India, a member of the African Development Bank Group since 1983, has consistently supported the institution through contributions to its general capital increases. This support has enabled the Bank to increase funding for infrastructure, development projects, and economic recovery efforts across its regional member countries. Bilateral trade between India and Africa has surged, nearing $100 billion in 2024-25, with sectors like infrastructure, energy, agriculture, and technology driving this growth.
The collaboration also extends to projects financed by the Bank, with Indian companies playing a more significant role. Between 2020 and 2025, Indian firms secured 173 contracts worth approximately $760 million under Bank-financed projects, representing 5.3% of total procurement. This involvement has enhanced project delivery capabilities and opened up more opportunities for private sector engagement.
Efforts to deepen commercial ties have gained momentum, exemplified by a 2024 visit to India by an African Development Bank delegation led by Vice President Solomon Quaynor. The delegation explored new investment prospects and expanded cooperation in sectors such as pharmaceuticals, agriculture, and technology. Digital public infrastructure is a key focus area, with India contributing to initiatives like the African Digital Financial Inclusion Facility and the India Trust Fund agreement to enhance digital payments and financial inclusion in African economies.
The partnership also emphasizes healthcare and industrial development. Given Africa’s pharmaceutical sector’s projected $111 billion investment gap by 2030, initiatives are underway to boost local manufacturing and reduce import reliance. The African Pharmaceutical Technology Foundation, supported by the Bank Group, facilitates technology transfer, supply chain development, and capacity building.
