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.
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 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.
So when Lucara Diamonds announced the recovery of a 2,492-carat diamond, what a fantastic opportunity for Botswana to go to the major diamond consuming markets and showcase exactly what Botswana and diamonds are really about.
The Climate Crisis is depressing crop yields and fuelling a growing global hunger crisis that has already reached "unprecedented proportions," with between 3.1bn and 4.2bn people now unable to afford a healthy diet.
Years ago I noticed a plaque hanging on the wall in a private equity group in Mayfair that read: “The Roman Empire wasn’t built by holding committee meetings; it was built by annihilating the opposition”. The same applies to lab grown diamonds.
Kodak never saw it coming either. Since early 2022, the price of polished natural diamonds has fallen by approximately 40% and the industry is being buffeted by negative economic headwinds. "Fake" diamonds are cheaper than "real" ones.
A delegation of technical experts from the Russian nuclear corporation Rosatom has arrived in Burkina Faso to negotiate the construction of a nuclear power plant in the West African country, local media outlet Burkina24 reported on August 6.
Western financiers' discrimination against African oil and gas is "very unjust, hypocritical and colonial," the head of a key African energy advocacy group has claimed.
Morocco holds around 70% of the world's known phosphate rock reserves – crucial for producing fertilisers and battery materials. This presents the country with a tremendous opportunity to become significantly wealthier.
The developed markets of the West are bleeding the Global South of wealth thanks to massive differences in nominal wages, according to a new study published in Nature Communications.