By Kristin Palitza CAPE TOWN, May 24 (IPS) – The reality of Indian and Chinese investment in Africa is much more complex than the good cop, bad cop image of Asia’s two emerging economic giants.
By Kristin Palitza CAPE TOWN, May 22 (IPS) – Africa needs to reduce its dependency on foreign aid and get to the point of financing its own development, some of the continent’s key development experts say. Timing is optimal now that Africa is experiencing an economic boom with annual growth rates of up to eight [...]
Miriam Gathigah interviews MICHAEL SUDARKASA, chief executive officer of the African Business Group. NAIROBI, May 15 (IPS) – Economic and social growth have become the heart of the development agenda of the bloc of leading emerging economies known as IBSA (India, Brazil and South Africa) since it began focusing less on politics.
By Isaiah Esipisu NAIROBI, Apr 25 (IPS) – When Kenya’s newly announced geothermal power generation project comes online, it will turn the East African country into an economic powerhouse in the region.
By Isolda Agazzi GENEVA, Apr 23 (IPS) – Though the World Trade Organisation (WTO) has long held that trade between African countries is too low, experts at the South Centre, an inter-governmental think tank of developing countries, say intra-continental trade is already significant in manufactured goods and promises a new path to industrialisation.
By Ravi Kanth Deverakonda GENEVA, Apr 6 (IPS) – Industrialised countries have mounted an unprecedented campaign to stop the United Nations Conference on Trade and Development from providing policy advice to the poorest countries in Africa and across the globe.
By Louise Redvers JOHANNESBURG, Apr 3 (IPS) – South Africa needs to stop agonising over whether it deserves to be in BRICS and start focusing on making the most of its membership to leverage better trade deals.
By Ravi Kanth Devarakonda GENEVA, Apr 2 (IPS) – Trade ministers of the BRICS countries – Brazil, Russia, China, India and South Africa – say that at the G20 trade ministerial summit later this month in Mexico they will try to ensure that attempts by industrialised countries to frame a new trade agenda do not [...]
By Ravi Kanth Devarakonda GENEVA, Mar 30 (IPS) – Brazil and South Africa have experienced a widespread contraction of their manufacturing industries, with the latter suffering massive unemployment as well, thanks to the rampant volatility and misalignment of dominant global currencies like the dollar, trade experts from the two countries say.
By Servaas van den Bosch JOHANNESBURG, Mar 29 (IPS) – South Africa’s membership of the bloc of leading emerging economies and its unique position in Africa heralded the country’s role as a gateway into the African continent. However, trade experts question whether it can live up to this position as investors begin to increasingly look [...]