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South Africa's president Cyril Ramaphosa says he spoke to both Putin and Zelensky over the weekend and each agreed to hold separate meetings in Moscow and Kyiv with a delegation of leaders from six African countries.
South Africa is hosting what could turn out to be a historic meeting of Brazil, Russia, India, China and South Africa (BRICS) this August, where the leading emerging markets will invite new members to join an expanded "BRICS+" club
Amid a downgrade to the IMF’s global growth forecast, EM sovereigns should remain resilient with areas of relative growth outperformance, easing pressure on commodity importers and fiscal reform momentum.
Moscow expects that most of Africa’s 54 countries will “ignore threats and blackmail from the West” and attend the long-delayed second Russia-Africa summit in St Petersburg in June, Russian Ambassador at Large Oleg Ozerov told a forum.
Russia's oil product exports have slumped by 20% in February, marking the lowest level since May 2022, according to tanker tracking data reported S&P on March 2 in a note. Shipborne exports of crude, however, have held up well and remain robust.
RosStat reported an even milder contraction in Russia's GDP in 2022 than the most optimistic forecasts from all the economists that follow Russia on February 20. This has been the least painful of all the crises since the fall of the Soviet Union.
Sub-Sahara Africa’s half dozen MSCI frontier index markets were flat in January, after the region was down 25% last year compared with the composite 30%. Tiny Senegal was the only slight gainer ...
African nations boosted the import of Russian oil products, including the all-important diesel exports, in January ahead of the imposition of the latest round of sanctions on Russian oil products.
The number of people without access to electricity is rising for the first time in decades, says IEA, thanks to the energy crisis.
OPEC says Africa is on track to add 1.2mn barrels per day (bpd) of primary refining capacity in the medium term, with Nigeria’s Dangote Refinery accounting for more than half of the total.
The ECOWAS Bank for Investment and Development (EBID) board has approved the allocation of $250mn in support for five member states to boost the oil ...
Africa and Ukraine are in “the same boat”, foreign minister Dmytro Kuleba said following a whirlwind tour of the continent just ahead of a UN vote condemning Moscow’s “illegal” move to ...
Members of the UN overwhelmingly voted to condemn Russia’s annexation of four Ukrainian regions on October 12, with some of Russia’s earlier supporters also joining the motion to censure the move.
Almost four million people are enslaved in Africa, News24 reports. For every 1,000 people ...
As Belarus has been blocked from using EU or Ukrainian ports to transport its potash, it has also been effectively shut out from the world market. If this problem isn't solved soon, Belarus could lose out on long-term deals.
Russian Foreign Minister Sergei Lavrov took to the road this week and toured Africa to build closer ties with non-aligned nations.
Russian companies have been nimble in re-directing trade flows from Europe towards developing countries. If Europe plans to continue giving Russia the cold shoulder, European companies must also learn to look elsewhere to cover the trade shortfall.
Ukrainian President Volodymyr Zelenskiy appealed to the African Union for support on June 20, but Kyiv is struggling to find allies on the continent.
The initial HGA on Tanzania LNG represents a triumph for President Samia Suluhu Hassan, who has been working hard to revive the stalled $30bn deal, but the project’s timeline may be overly ambitious.