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Africa’s total exports surge by 17% in 2023, yet its global share is still less than 3% — report

Africa’s exports increased by 16.8% in 2023 compared with a year earlier, reaching US$665.4 billion, whereby this significant growth was primarily driven by minerals and IT services, according to a recently published Africa Export Competitiveness Report 2023. According to the report, the world economy recovered considerably from the Covid-19 pandemic in 2023, as the total […]

South Africa to host BRICS summit despite Putin arrest warrant, Ethiopia seeks to join the bloc

South Africa confirmed it will host the BRICS summit in August as planned, amid speculation that the event may move to China, while Ethiopia has become the latest country to have asked to join the bloc of emerging markets. In March, the International Criminal Court (ICC) issued an arrest warrant for Russian President Vladimir Putin […]

ECOWAS Looks at Technical Ramifications of Morocco’s Membership

The Economic Community of West African States is studying the technical ramifications of Morocco’s membership, said Nigeria’s Foreign Minister Geoffrey Onyeama. Morocco’s request was accepted “in principle” by leaders of the group known as ECOWAS at a June 4 summit in the Liberian capital, Monrovia, recalled Onyeama. This shows that there is “no hostility” regarding […]