Asia Features Headlines International

China deepens ties with South Africa, Saudi Arabia in pushback against U.S. tariff escalation

As tensions surge between the world’s two largest economies, China is ramping up its global diplomacy, holding strategic talks with Saudi Arabia and South Africa to counterbalance the United States’ sweeping new tariffs. China’s commerce minister Wang Wentao recently held virtual meetings with his counterparts in Saudi Arabia and South Africa, focusing on responses to […]

Africa Features Headlines International

South Africa takes over G20 presidency amid global polarization due to wars, trade tensions

South Africa became the first African country to take over the G20 presidency on Sunday (1 December), which may also be the most challenging yet amid growing global political instability and shifting world order. As the first African country ever to lead the forum, Pretoria said that while it aims to focus on issues such […]

Africa Americas Community Culture Headlines International Mauritania

At G20, African Union calls for creation of International Fund to protect, preserve African Heritage

Mauritania, as current chairman of the African union, has called for the creation of an international Fund for the protection and preservation of African heritage under the supervision of UNESCO, which is the center of expertise in this area. The call was launched by Mauritanian Minister of Culture & Arts, Hussein Ould Medou, during his […]

Americas Business Finance Headlines International

At Brazil’s G20 summit, IMF aims to get Africa’s unsustainable debt under control

As finance ministers and central bank governors of the G20 convene in Brazil this week (25-26 July), high on the agenda will be the International Monetary Fund’s (IMF) strategy to tackle Africa’s debt challenges, particularly the critical need for sustainable debt management and economic reforms. The IMF heads to Brazil G20 on a mission to […]

Africa Business Emerging Markets Europe Headlines International

AU chief calls for ‘positive competition’ from Europe in bid to counter China’s growing clout

As African leaders converged on Germany’s capital earlier this week to attend the G20 ‘Compact for Africa’ meeting, the African Union (AU) chief called for “positive competition” from Europe in the continent, which would be more welcome than its criticism of Chinese investments for saddling poor countries with huge debts. While addressing the high-level meeting […]

Africa Asia Business Emerging Markets International

Africa holds special place in India’s superpower ambitions

Diplomatic relations between India and Africa have expanded rapidly since the early 2000s but, with India aspiring to become the 21st century’s next superpower, the relationship between both sides will be driven by business links, trade and the joint efforts to reshape the international institutions. At the recent G20 summit in New Delhi, Indian Prime […]

Africa Emerging Markets International

Africa Union joins G20: ensuring African voices are heard and respected globally

The African Union made history on Saturday (9 September) when it became the 21st permanent member of the Group of 20 (G20) during the G20 Summit 2023 in New Delhi. The move, of which India had been a staunch advocate, is widely seen as strengthening both the G20 and also the voice of the Global […]

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African Union set to join G20 during upcoming New Delhi summit

After years of campaigning, the African Union (AU) is likely to become a member of the Group of 20 (G20) largest economies during or even before the New Delhi G20 Summit (9-10 September), though not everyone is excited about India’s push for the inclusion, with many pointing to Africa’s being a large continent with diverse […]

Business Features Finance Headlines

IMF praises Chad’s debt restructuring deal

The International Monetary Fund (IMF) Managing Director Kristalina Georgieva hailed Wednesday the progress made in restoring debt sustainability globally including Chad, at a meeting of the G20 Finance Ministers and Central Bank Governors in India, “Zawya reports”. The central African country in November 2022 reached an agreement with its creditors, notably Swiss commodities trader Glencore, […]

Africa Business Emerging Markets Features Headlines International

African Union’s inclusion in G20 receives broad support at India meeting

There has been no disagreement thus far among various Group of 20 (G20) nations over India’s proposal to include the African Union (AU) into the global group, with the United States saying it will work closely with the Indian presidency on a joint communique at the 3rd Sherpa Meeting in Hampi, India. Since Indian Prime […]