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.
The first investments are due to begin in six counties in sub-Saharan Africa in 2025.
World trade has been falling, but we still expect growth to return this year. We do notice large shifts in world trade as advanced economies – especially the US – are diversifying input sourcing.
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.
Food and energy prices surged to near historic highs in recent years amid the pandemic and the war in Ukraine, which prompted major supply disruptions. This was accompanied by a sharp rise in the volatility of commodity prices as well.
Putin took time out from meetings with Chinese President Xi Jinping who had just arrived in Moscow for a three-day state visit to speak to lawmakers from more than 40 African countries and woo them with generous promises of economic and military aid
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.