Africa / Features

Russia, facing loss of Syrian base for Africa operations, seen turning to war-torn Sudan or divided Libya

Brian Kenety December 9, 2024

If Putin wants to quickly develop Port Sudan as an alternative to Russia's naval base in Syria, he may need to finally pick a side and align with the SAF, who control the area. Meanwhile, Russia is already landing military aircraft in Libya.

Trump threatens BRICS with tariffs if they dump the dollar

bne IntelliNews December 2, 2024

US President-elect Donald Trump has warned the BRICS countries they will be hit with 100% tariffs if they attempt to set up an alternative currency to the dollar to settle trade deals.

EBRD warns of risks for emerging markets pursuing industrial policies

Clare Nuttall in Glasgow November 26, 2024

Industrial policy is back "with a vengeance” but can have a distorting effect, EBRD chief economist Beata Javorcik told bne IntelliNews

Kenya’s untapped mineral wealth holds the promise of economic transformation

Jason Mitchell November 22, 2024

The Kenyan government aims to raise the mining industry's share of GDP from less than 1% to 10% by 2030, harnessing vast resources of gold, rare earth elements, titanium, and soda ash.

Can the BRICS beat the G7?

Ben Aris in Berlin October 19, 2024

Leaders of the Global South will flock to Kazan, the capital of Tatarstan, on October 22 for this year’s BRICS summit hosted by Russia, where they hope to thrash out some more details of the new non-aligned global order.

BRICS members hoping to develop a digital "BRICS Pay" cryptocurrency international trade system

Ben Aris in Berlin October 18, 2024

One of the biggest questions that the BRICS members will discuss at the summit will be setting up an inter=BRICS payment system to by-pass the dollar. The US decision to weaponise the dollar has unsettled Central Bankers around the world.

Nelson Mandela worried about natural diamonds, Leonardo di Caprio defended them, makers of lab-grown stones demonise them

bne IntelliNews October 8, 2024

Nelson Mandela was sufficiently worried that the 2007 film ‘Blood Diamond’ would have a negative impact on those African economies which were reliant on diamond sales, that he reached out to Warner Brothers before its release.

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