EGYPT has applied to join the Brazil, Russia, India, China and South Africa (BRICS) bloc. Georgy Borisenko, the Russian ambassador to the North African country, revealed the development. The envoy said Egypt had applied to join the group because one of the initiatives that BRICS was currently engaged in, such as the maximum transfer of… Continue reading Egypt Applies For BRICS Membership
Category: Business
Saint Petersburg International Economic Forum Kicks Off
The 26th Saint Petersburg International Economic Forum (SPIEF), a unique event in the world of economics and business, kicked off on Wednesday in St. Petersburg, Russia. Each year the event attracts thousands of participants from different countries – politicians, entrepreneurs, and founders of technology start-ups. A rich programme awaits forum participants: industry discussions, panel sessions,… Continue reading Saint Petersburg International Economic Forum Kicks Off
Russia, India Aim To Reach $50 Billion In Bilateral Trade In 2023
The India-Russia Business Forum was held on Wednesday on the sidelines ofthe St. Petersburg International Economic Forum ( SPIEF). The participants discussed the efforts the governments of India and Russia are taking to overcome transport and logistics problems, prospects of setting up a joint banking and financial structure to support the bilateral trade potential, andhigh-priority areas… Continue reading Russia, India Aim To Reach $50 Billion In Bilateral Trade In 2023
BRICS Union To Increase The Influence Of Developing Countries In The International Arena
BRICS foreign ministers met in Cape Town on Thursday 1 June. One of the current issues on the agenda is working out the criteria for accepting new members into BRICS. In addition, work will continue on preparations for the August 15th summit of the association. The Chairperson of the meeting, Naledi Pandor, South Africa’s Minister… Continue reading BRICS Union To Increase The Influence Of Developing Countries In The International Arena
Indifferent SARB Undermines The Transformative Agenda Necessary For Fostering Inclusive Economic Growth
The implications of South African Reserve Bank (SARB) decisions on workers and black South Africans are significant, considering the history of financial exclusion and discrimination that has affected the majority black population in South Africa. The lingering effects of apartheid-era policies continue to impede the economic advancement of black individuals and businesses. Of particular concern is the… Continue reading Indifferent SARB Undermines The Transformative Agenda Necessary For Fostering Inclusive Economic Growth
Ethiopia Flagship Telecoms Project Secures $1 Billion
A MULTIMILLION dollar investment by some World Bank members is a major step in reforming the telecommunications sector, accelerating digital transformation and inclusion in Ethiopia. Safaricom has welcomed the investment by the International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA) following the equity investment and guarantee into the mobile network operator. Peter Ndegwa,… Continue reading Ethiopia Flagship Telecoms Project Secures $1 Billion
African Countries Vow To Advance Integration By Removing Barriers
The Common Market for Eastern and Southern Africa (COMESA), the largest regional economic organization in Africa, on Friday urged its member states to remove all barriers that are hindering its integration. While acknowledging efforts made toward achieving integration, a communique released after the 22nd COMESA Summit of Heads of State and Government said that more… Continue reading African Countries Vow To Advance Integration By Removing Barriers
New Flight Lifts Trade, Tourism Between SA, Zambia
THE resumption of service by ProFlight Zambia between Durban and Lusaka is poised to provide a much-needed boost trade and tourism between South Africa and Zambia. KwaZulu-Natal (KZN), the South African province, has welcomed the service by the airline that serves the business community and tourism industry. “This new air service will undoubtedly play a… Continue reading New Flight Lifts Trade, Tourism Between SA, Zambia
Zimbabwe Needs $5 Million To Increase Power Output
THE Zimbabwe Power Company (ZPC) requires about US$5 million (R95 million) to revamp its thermal station in the capital city and eventually increase electricity output. The revamp of the Harare Thermal Power Station is anticipated to increase output from the current 5MW to around 30 MW. “The US$5 million will only be able to get… Continue reading Zimbabwe Needs $5 Million To Increase Power Output
Presidential Employment Stimulus ‘Well On Track To Deliver Work Experience’
President Cyril Ramaphosa’s drive to create temporary job opportunities for young people and help them gain work experience is showing signs of success, according to the Industrial Development Corporation (IDC). In a statement, the IDC said that the Social Employment Fund (SEF) is part and parcel of the Presidential Employment Stimulus (PES), which is meant… Continue reading Presidential Employment Stimulus ‘Well On Track To Deliver Work Experience’