World Bank
Reconfiguring South Africa’s Foreign Policy: A Negritude Analysis from Non-Alignment to BRICS
South Africa’s foreign policy configuration since the twilight of apartheid has been characterised by an…
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…
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…
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…
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 exceeding 30 percent in 23 of the world’s 28 poorest countries. According to the National Bureau of Economic Research, a US private non-profit research organisation,…
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 debt. Under the auspices of the African Development Bank (AfDB), a key player in African economic development, and supported by a coalition of global and…
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 this retired Iraqi oil worker sees it, his hometown is dotted with flames raging above the oil fields, with silver oil pipelines stretching from afar…
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 Inacio Lula da Silva Brazil’s political and business leaders must take the initiative to help South America’s economic growth, the head of state said. Lula…
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 facility seriously compromised the quality of care at the clinic. “I discovered that I had fibroids two years ago and decided to take some herbal…