Africa Finance International

Nigeria, South Africa are world’s most crypto-savvy nations — global survey

Two African countries — Nigeria and South Africa — have been listed among the most crypto-savvy countries in the world, according to a new 2023 global survey that also found that the use of cryptocurrency remains a contentious issue in numerous markets across the region. According to the 2023 global survey by Consensys and YouGov, […]

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Morocco leads Africa’s aviation renaissance -Forbes report

Morocco is one of three African countries driving expansion in private, commercial, and military aviation, presenting lucrative opportunities on a global scale, according to a Forbes report released on Friday. Africa’s aviation industry is experiencing significant growth, with Morocco, Nigeria, and South Africa at the forefront of this upward trajectory, the report says. Morocco’s aviation […]

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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 […]

Africa Emerging Markets Headlines International Morocco

Morocco’s participation in ‘BRICS/Africa’ meeting at whatsoever level has never been on Kingdom’s agenda – Authorized Source at FM

Morocco has never considered to respond positively to the invitation to attend the “BRICS/Africa” meeting scheduled to be held in South Africa, or to take part in this meeting at any level whatsoever, an authorized source from the Foreign Ministry said, adding that Rabat advocates a multilateralism that does not divide. Some media reports have […]

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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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Mastercard ventures into African fintech, snapping up $5.2bn stake in continent’s no.1 telco

Mastercard has acquired a minority stake in the fintech subsidiary of South African telecommunications giant MTN in a deal valued at a whopping $5.2 billion, whereby the partnership will see Africa’s biggest mobile company to strategically leverage the US giant’s technology for its payments and remittance expansion in the continent. By snapping up the minority […]

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SAfrica: French President Emmanuel Macron not invited to BRICS Summit

French President Emmanuel Macron has not been invited to the BRICS summit – a group of five countries comprising Brazil, Russia, India, China and South Africa. The announcement was made by South Africa’s Minister of Foreign Affairs, Naledi Pandor, at a press briefing on Monday August 7, to review preparations for the BRICS summit, South […]

Africa Americas International

US Acting Deputy Secretary of State on an African tour

Victoria Nuland, the Acting Deputy Secretary of State of the United States, has embarked on an African tour to take her to South Africa, Côte d’Ivoire, and the Democratic Republic of the Congo, July 29 to August 4, the State Department has announced. In South Africa, the acting second-in-command at the State Department was to […]

Africa Europe International

South Africa: Putin to attend BRICS summit despite ICC arrest warrant

South African President Cyril Ramaphosa on Tuesday asked permission from the International Criminal Court (ICC) not to arrest his Russian counterpart Vladimir Putin, after latest South African media reports confirmed that the Russian leader will indeed attend the BRICS summit in South Africa. Following the arrest warrant issued by the ICC against Putin, accusing him […]