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 Features Headlines International

Georgia announces release of two seamen captured in Gabon’s seas

Two Georgian sailors captured early this month by pirates in Gabon’s territorial waters have been released from captivity, authorities of the European country announced Wednesday. “Two Georgian sailors abducted in Gabon were freed on May 21 thanks to the efforts of Georgia’s foreign ministry, the Georgian embassy in South Africa, and Georgia’s maritime transport agency,” […]

Columns Opinions

South Africa probing US allegation of Pretoria’s secret arms sales to Russia

United States’ accusations leveled against South Africa that it had been secretly selling weapons to Russia has sent the African country’s currency tumbling to record low on Thursday (11 May). The US ambassador to South Africa, Reuben Brigety, accused the country on Thursday of providing weapons and ammunition to Russia for its war in Ukraine […]

Africa Business Features Finance Headlines International

Wealth Report 2023 confirms that ’Africa is not poor but impoverished’

Not all Africans are poor — this could arguably be the main message from the 2023 edition of the annual Africa Wealth Report by London-based Henley & Partners that reveals that the ‘Big 5’ wealth markets in Africa — South Africa, Egypt, Nigeria, Kenya, and Morocco — together account for a significant 56% of Africa’s […]

Africa Business Egypt Emerging Markets Finance Headlines International

Egypt, Nigeria, South Africa slowing down Africa’s growth, says World Bank

A new report by World Bank has highlighted the underperformance of Egypt, Nigeria, South Africa and other African big economies, saying they are slowing down the continent’s economic growth. In its Africa Pulse report, the Washington-based bank expresses its concern that Sub-Saharan Africa could be facing a “lost decade” of slow economic growth and high […]

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 Asia Emerging Markets Headlines International

Senior members of South Africa’s ruling ANC party in Russia ahead of BRICS summit in Pretoria

Several members of the top commandment of South Africa’s ruling African National Congress party, ANC, have traveled to Russia at the invitation of Russia’s ruling United Russia Party, ahead of August 15th BRIC summit, scheduled in Pretoria, Africa News reports. The ANC issued a statement last Saturday indicating discussions will focus on “the recalibration of […]

Africa Asia Emerging Markets Headlines International

ICC’s Putin arrest warrant presents dilemma for South Africa before BRICS summit

The International Criminal Court (ICC) arrest warrant issued for Russian’s Vladimir Putin has put South Africa’s government between a rock and a hard place, as it is now weighing what to do if the Russian president accepts an earlier invitation to attend the August BRICS summit in the country. The Hague-based court issued the arrest […]

Business Finance

African govts seek robust crypto regulation, market stability

Home to the second most crypto-currency holders in the world, Africa is in urgent need for greater consumer protection and regulation of the crypto industry, experts say, which has been highlighted by the collapse of the world’s third largest crypto exchange FTX and subsequent plunge in the prices of major crypto assets, most notably Bitcoin. […]

Africa Business Emerging Markets Features Headlines International

China refocuses on food and agriculture in its relations with Africa

China is importing more food products such as avocados, cashews, sesame seeds and chili peppers from Africa, after President Xi Jinping promised to increase non-resource imports from Africa and agriculture is emerging as the new focus of Beijing’s engagement with the continent. In the first two months of this year, Shanghai ports handled more than […]