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BRICS summit: focus on expansion plans and building mutual financial system

The leaders of the BRICS countries meeting at its three-day summit in Johannesburg have reportedly agreed on a roadmap for how to allow new states to join their group of emerging economies. “We have agreed on the matter of expansion,” South African Foreign Minister Naledi Pandor said and added that further details would be provided […]

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India underscores unilateral character of invitation to BRICS summit in Johannesburg

India made it clear that invitations to the BRICS summit due on August 24 in Johannesburg are unilaterally made by the South African government. In New Delhi, the Indian federation government has issued a statement saying that the invitations extended by South Africa for the BRICS/Africa meeting, due in Johannesburg, are based on a unilateral […]

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BRICS currency ‘ridiculous’ idea as China, India disagree even on group’s expansion — economist

A BRICS currency replacing U.S dollar is a ‘ridiculous’ idea, says the top economist who named the group — especially in light of the fact that China and India are not able to even agree on BRICS membership expansion that will shape the organization’s future. The BRICS group has revealed its internal divisions, with India […]

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Indian HCLTech sets up a Global Delivery Center in Morocco

Indian multinational information technology services and consulting company HCLTech launched a Global Delivery Center (GDC) in Rabat, Morocco, as part of the company’s nearshore strategy to serve global enterprises, announced HCLTech this week. The company said that the launch follows the signing of a memorandum of understanding between HCLTech and the government of Morocco in […]

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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, […]

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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 […]

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India ups lending to Africa in bid to counter China’s dominance

Africa has become the second-largest recipient of credit from India while over the past decade 18 of the 25 new Indian embassies or consulates were opened in the continent, as the South Asian powerhouse tries to catch up with China’s massive sway in the resource-rich continent. Many African nations received about $12 billion or 38% […]

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India’s leader N. Modi expected in Cairo Saturday for an official visit

India’s leader Narendra Modi will visit Egypt Saturday – his first- and looks forward to advancing partnership between the two countries. Modi’s visit follows that of Egyptian leader Abdelfattah Al-Sisi to the Asian giant last January, at the invitation of the Indian leader himself. “We had the pleasure of receiving President al-Sisi as the chief […]

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Ali Bongo to attend Paris “Nouveau Pacte financier Mondial” Summit

Gabon’s leader Ali Bongo is expected in the attendance of “Nouveau Pacte financier Mondial”, a global Summit staged in Paris June 22-23 seeking to increase funding for the least developed countries and those most vulnerable to climate change. The event co-organized by France, India (chair of the G20) and Barbados will be attended by several […]

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Africa needs to move from being rule-taker to be rule-maker in changing world order — ECFR

As the post-1945 multilateral system and the Pax Americana that underpinned it is in the throes of tremendous change, African countries need to take every opportunity to redefine their role in the emerging new world order, says a recent commentary published by the European Council on Foreign Relations (ECFR). “African countries have long been discontent […]