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New Delhi: Prime Minister Narendra Modi has announced $10 billion in new concessional credit to Africa over the next five years at the opening plenary of the third India-Africa summit in New Delhi. This is over and above the $7.4 billion announced over the past decade.

Modi also announced $600 million grant assistance, $100 million to an Africa development fund and $10 million for health projects in Africa.

Modi also announced 50,000 scholarships for African students, besides promising to help digitally connect Africa from Marrakesh to Mombasa and Cairo to Cape Town, by setting up industrial parks and a slew of other projects.

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