In a move that marks a significant transformation for the global economic landscape, the BRICS alliance is poised to expand its horizons by welcoming six new member nations. The decision was unveiled during the 2023 BRICS Summit held at Johannesburg’s esteemed Sandton Convention Centre on August 24, 2023. This expansion is set to fuel substantial […]

In a significant address, President Dilma Rousseff, the head of the New Development Bank established by BRICS nations, highlighted the institution’s potential in assisting African countries to confront their pressing challenges. During her speech in Johannesburg, the former Brazilian President emphasized the mutually beneficial partnership between BRICS countries and Africa. The New Development Bank, formed […]

In a groundbreaking move, South Africa and China have solidified their energy ties through a series of agreements inked during the BRICS summit held in Johannesburg. The partnership aims to revamp South Africa’s ailing energy sector, which has been grappling with a crippling energy crisis that has cast a shadow over its economy. The agreements, […]

In a groundbreaking move set to redefine the landscape of the African energy sector, Namibia has laid out plans for a monumental $2.1 billion port infrastructure expansion, signaling its determination to harness the newfound potential of its offshore oil discoveries. The project, which has garnered international attention, aims to supercharge the nation’s oil developments and […]

As leaders from the BRICS economic bloc comprising Brazil, Russia, India, China, and South Africa – gather for their 15th summit in Johannesburg, all eyes are on Russia and China, which are aiming to cement their political and economic foothold in the developing world. The summit, scheduled from August 22 to 24, will not only […]

In a groundbreaking move set to redefine the copper export landscape, Ivanhoe Mines has announced a momentous memorandum of understanding (MOU) between Kamoa Copper S.A. and Lobito Atlantic International SARL. This heralds the commencement of exporting Kamoa-Kakula’s copper concentrate through the Lobito Atlantic Rail Corridor, marking a significant milestone in both export logistics and regional […]

Amidst an atmosphere of clarity and purpose, the BRICS alliance, comprising Brazil, Russia, India, China, and South Africa, has firmly asserted its dedication to championing the interests of the developing world. The group’s message, delivered by South African diplomat Anil Sooklal at a recent conference hosted by Bloomberg in Johannesburg, resonates with a mission of […]

In a resounding testament to the burgeoning economic relations between South Africa and China, trade agreements worth a staggering $2.2 billion have been inked during the visit of Chinese Commerce Minister Wang Wentao. This landmark development, which unfolded last week, is poised to catalyze a new era of collaborative trade initiatives. The agreements materialized against […]

In an inspiring display of international engagement, South Korean Foreign Minister Park Jin embarked on a significant voyage to Rwanda, aimed at solidifying cooperation in cutting-edge technology and forward-looking domains. During this pivotal visit, Minister Park engaged in meaningful conversations with senior Rwandan officials, charting a new course of partnership between the two nations. A […]

President Bola Tinubu’s determination to reshape Nigeria’s economic trajectory has come to the forefront with the inauguration of the Presidential Committee on Fiscal Policy and Tax Reforms. The committee, led by Mr. Taiwo Oyedele, has a mandate that reflects President Tinubu’s commitment to steer Nigeria away from its reliance on foreign borrowing and toward sustainable […]