Africa Asia Europe Headlines International

South Africa’s gov’t sued by opposition seeking to prevent Putin’s BRICS visit

South Africa’s main opposition party, the Democratic Alliance (DA) said that it had taken a legal action to ensure that Russian President Vladimir Putin would be arrested if he finally decided to attend a BRICS summit in the country in August. The arrest warrant to arrest Putin, which was issued by The Hague-based International Criminal […]

Africa Americas Asia Business Finance Headlines International

BRICS-issued new currency may pave way for de-dollarization

As the 15th edition of the BRICS summit approaches, two topics are high on the grouping’s agenda: its expansion, with the arrival of several African countries in particular; and the development of a new currency to be used for cross-border trade by the BRICS nations, which may be seen a push for de-dollarization. De-dollarization’s moment […]

Africa Business Finance International

CAR welcomes establishment of BRICS’ Bank in Country

Central African Republic (CAR) Trade and Industry minister, Lea Mboua Doumta has indicated that the African country is keen to house a BRIC’s New Development Bank, after it agreed to establish the BRICS’ regional representative office in capital Bangui. “We have earlier agreed to establish the BRICS’ regional representative office in Bangui, and it will […]

Business Columns Emerging Markets Headlines Opinions Tunisia

After rentier Algeria, cash-strapped Tunisia says it wants to join BRICS

After Algeria, another failing African economy, Tunisia, said it seeks to join the BRICS, a group of fast growing emerging industrial countries with diversified economies that includes Brazil, Russia, India, China, and South Africa. The announcement was made by a proponent of the Kais Saied authoritarian presidency Mahmoud bin Mabrouk who leads the July 25 […]

Africa Americas Asia Business Emerging Markets International

As BRICS chair, South Africa Vows to advance Africa’s trade, development

South Africa will use its position as the 2023 chair of the BRICS multilateral bloc to advance the interests of African states under the theme of ‘BRICS and Africa Partnership for Mutually Accelerated Growth, Sustainable Development and Multilateralism’. “Africa supplied raw materials that contributed to the industrializations of other parts of the world. It is […]

Africa Emerging Markets Headlines International

AU summit: G20, BRICS as Africa’s route to greater global influence

The summit of the African Union (AU) in February 2023 has shown that the bloc is in the process of accession to the G20 grouping as a member while also becoming a participant of the BRICS+ meetings, which would in turn enhance Africa’s global influence. While Africa lacks a permanent seat on the UN Security […]

Blogs Community Features Headlines

South Africa vows to use BRICS chair role to advance African interests

South Africa will use its chairmanship of the BRICS group of leading emerging economies — comprising Brazil, Russia, India, China and South Africa — to focus on advancing African interests, the country’s President Cyril Ramaphosa has said. South Africa has just taken over the chairmanship of the BRICS — a bloc widely seen as an […]

Business Egypt Finance Headlines

Egypt applies to join Shanghai-based New Development Bank

Egypt has reached a deal with Shanghai-headquartered New Development Bank (NDB) to join the financial institution whose strategy the Arab country says is in line with its vision. Minister of Finance Mohamed Maait according to the statement from his department held talks with NDB’s Chairman Marcos Troyjo on the sidelines of COP27. Both parties, the […]

Asia Columns Features International Opinions

Building an Indian Superpower : Modi’s Pakistani First Step

Narendra Modi’s landslide victory for the Bharatiya Janata Party against the incumbent National Congress in India’s national elections has bought a new political dynamic to south Asia’s key strategic actor. India hopes that Modi, a former tea seller and advert for the country’s social mobility, will begin an overdue purge of corruption and elitism. However […]