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India Expands Financial Footprint in Africa with $100 Million Loan

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New Delhi, April 22 (IANS) India is expanding its financial footprint in Africa through strategic lending and trade partnerships and its Export‑Import Bank lent Africa Finance Corporation (AFC) a $100 million five‑year loan, a new report has said.The report from Business Insider Africa said the loan underlined India’s expanding financial footprint in Africa, where New Delhi has been increasing trade, investment and export‑credit support competing with China, Europe, Gulf states and the U…