South Africa’s foreign policy configuration since the twilight of apartheid has been characterised by an evolving commitment to “active non-alignment” and an increasingly strategic engagement within the BRICS coalition. Popular analytical frameworks predominantly interpret such shifts in terms of geopolitical pragmatism or economic strategy aimed at positioning South Africa favourably within the global order. However,… Continue reading Reconfiguring South Africa’s Foreign Policy: A Negritude Analysis from Non-Alignment to BRICS
Tag: World Bank
World Bank President Hails Mozambique’s Potential to Become Southern Africa’s Energy Powerhouse
The President of the World Bank, Ajay Banga, has praised Mozambique’s vast energy potential, declaring it uniquely positioned to become Southern Africa’s “energy back office” through a strategic mix of hydroelectric, gas, solar, and wind power. Speaking Saturday during a visit to Songo district, home to Mozambique’s Cahora Bassa Hydroelectric, the World Bank President said:… Continue reading World Bank President Hails Mozambique’s Potential to Become Southern Africa’s Energy Powerhouse
Mozambique Ready to Break Cycle of Economic Slowdown, Says Government Official
Mozambique is prepared to break free from the cycle of economic slowdown and swiftly implement an agenda focused on food production, social inclusion, and sustainable investment, a senior government official has said. The Minister of Agriculture, Environment and Fisheries (MAAP), Roberto Albino, met today with Fily Sissoko, the new World Bank Director for the Mozambique,… Continue reading Mozambique Ready to Break Cycle of Economic Slowdown, Says Government Official
SACP Frowns at National Treasury for Taking R28 Billion Loan With World Bank
The South African Communist Party (SACP) has voiced its displeasure regarding the decision by the National Treasury to source a new R28 billion loan from the World Bank. The communist party says the decision deepens the country’s subordination to imperialist-controlled global finance capital, reinforcing a neo-colonial debt regime that erodes national sovereignty, undermines democratic development… Continue reading SACP Frowns at National Treasury for Taking R28 Billion Loan With World Bank
The 2025 AU Summit Should Place Poverty Alleviation, Infrastructure, and Economic Development at the Top of its Agenda
African leaders will gather again in Addis Ababa, the Ethiopian capital, for the 2025 African Union (AU) Summit on 17-18 February. This time it’s different, though. The meeting is taking place amid a different geopolitical context, and challenging socio-economic and security conditions on the continent. Africa remains the poorest continent globally, with extreme poverty rates… Continue reading The 2025 AU Summit Should Place Poverty Alleviation, Infrastructure, and Economic Development at the Top of its Agenda
Forum Urges the African Continent to Reinvent its Approach to Public Debt
In the heart of Abuja’s evolving financial district, an extraordinary gathering of Africa’s leading policymakers, business magnates, and international development partners took place in mid-December. The Debt Management Forum for Africa (DeMFA), convened on 16-17 December 2024, may well be remembered as a watershed in the continent’s ongoing struggle to tame the complexities of public… Continue reading Forum Urges the African Continent to Reinvent its Approach to Public Debt
Black Gold Witnesses Century-Long Ups And Downs Of Iraqis’ Struggle For Independence
“Because of oil, the whole world has its eyes on Iraq,” Hussein sighed. “My whole life has a close connection with oil, and so has the fate of my country.” Hussein Ali Saeed, an 81-year-old resident, has spent his entire life in Kirkuk, a city in northern Iraq renowned for its abundant oil reserves. As… Continue reading Black Gold Witnesses Century-Long Ups And Downs Of Iraqis’ Struggle For Independence
Lula da Silva Supports Creation Of South American Bank
Brazilian President Luiz Inacio Lula da Silva has defended the creation of a bank for South American countries that would be an alternative to the World Bank. This is reported by Brasil 247, a partner of TV BRICS. “We can create something of our own that matches our vision of important issues” Brazilian President Luiz… Continue reading Lula da Silva Supports Creation Of South American Bank
Chinese Companies Are Driving Digital Transformation On The African Continent
Lucy Wahome stumbles and struggles to maintain her balance and walk as a nurse rushes to lend her support, soon after she got admitted at the clinic. Wahome, 30, initially sought medical treatment at her home clinic in Kiambu County, Kenya, which seemed well organised; but she later realised that constant power outages at the… Continue reading Chinese Companies Are Driving Digital Transformation On The African Continent