The economic clout of developing countries is rising amid tectonic shifts in global affairs. This trend has led to discussions on the sustainable development of the Global South and calls for greater participation by developing countries in global governance. Following the Beijing Summit of the Forum on China-Africa Cooperation (FOCAC) held in September, which set new ground for China-Africa cooperation, the 2024 China International Import Expo (CIIE) – another major event – held from 5 to 10 November, continued to…

As prominent members of the Global South, China and African nations have a historic responsibility to uphold peace and promote common development against a backdrop of intertwined challenges and opportunities. Over 100 scholars hailing from China and about 50 African nations reviewed decades of China-Africa cooperation, discussed future paths for global development, and adopted the Dar es Salaam Consensus during the 13th China-Africa Think Tanks Forum in Dar es Salaam, Tanzania, on 8 March.  The consensus outlines eight key initiatives,…

The collective rise of the Global South and the burgeoning cooperation among developing countries are bringing about fundamental transformations in the global governance system. Establishing a fair and reasonable governance system and deepening South-South cooperation is the common vision of China and Africa and a global trend.  The Dar es Salaam Consensus, released during the 13th China-Africa Think Tanks Forum held in Dar es Salaam, Tanzania, calls for solidifying the China-Africa friendship and creating new blueprints for future China-Africa cooperation. …

The BRICS group was established in 2006 by Brazil, Russia, India, and China, with South Africa joining in 2011. On 1 January 2024, Egypt, Iran, the UAE, Saudi Arabia, and Ethiopia joined the group. In the same year, Russia hosted the Kazan Summit, where these countries participated as full members for the first time. One of the main topics was the creation of a new BRICS investment platform using modern electronic tools. The Role of the NDB In Financing BRICS…

South Africa has officially assumed the G20 Presidency, launching its term under the theme “Solidarity, Equality, and Sustainability.” At a press conference held in Cape Town on December 03, President Cyril Ramaphosa outlined the priorities of this historic presidency, which is the first time an African nation will lead the G20. Ramaphosa emphasised the need for solidarity to address global challenges, highlighting their impact on all nations. He called for dismantling economic and social inequalities, which he described as unjust…

Nigeria still seems fixated on the Global North as the wind blows in the opposite direction. The largest foreign investors in Nigeria – the UK, the Netherlands, France and the US – have not changed style since the 1950s. Their investments are mainly elitist, essentially in oil and gas, and ammunition, and portfolio investments, which mainly profit them, not Nigeria. Over time, not much has changed, and little has been done to invest in areas that improve the everyday life…

Since its inception, the BRICS cooperation mechanism has committed itself to promoting global economic multipolarity and advancing the process of economic globalization. In an era marked by faltering global economic recovery, uneven development, and widening development gaps, BRICS has become an even more crucial platform for fostering cooperation and shared growth among the nations of the Global South. With its principles of openness, inclusivity, and win-win collaboration, the BRICS spirit has become a banner for South-South cooperation. The expansion of…

Following Malaysian Prime Minister Anwar Ibrahim’s official visit to Egypt, the two countries announced a plan to upgrade their bilateral relations to a strategic partnership. The visit took place at the invitation of Egyptian President Abdel Fattah Al-Sisi. “We cooperate in investments, the automotive industry, information technology and artificial intelligence, and cultural exchange” said Al-Sisi. Anwar expressed hope to work closely with Egypt and other BRICS members towards its full membership in BRICS and to advance the Global South Agenda.…

Representatives from 70 countries are participating in the Global South Media and Think Tank Forum in Sao Paulo, Brazil, as reported by Prensa Latina, a partner of TV BRICS. “One of the key lessons we have learnt and promoted throughout the history of our agency is the need to engage with other media also focused on the Global South,” highlighted Prensa Latina’s editor-in-chief, Martha Isabel Andres, during the event. It is noted that the meeting, which involves 350 specialists from…

In today’s world, the development gap between the North and South remains significant. China, as the world’s largest developing country and a natural member of the Global South, is promoting the common prosperity of Global South countries through concrete cooperation schemes and actions. African Times has published this article in partnership with Xinhua News Agency