Nigeria still seems fixated on the Global North as the wind blows in the opposite direction. The largest foreign investors in Nigeria – the UK, the Netherlands, France and the US – have not changed style since the 1950s. Their investments are mainly elitist, essentially in oil and gas, and ammunition, and portfolio investments, which mainly profit them, not Nigeria. Over time, not much has changed, and little has been done to invest in areas that improve the everyday life…

Since its inception, the BRICS cooperation mechanism has committed itself to promoting global economic multipolarity and advancing the process of economic globalization. In an era marked by faltering global economic recovery, uneven development, and widening development gaps, BRICS has become an even more crucial platform for fostering cooperation and shared growth among the nations of the Global South. With its principles of openness, inclusivity, and win-win collaboration, the BRICS spirit has become a banner for South-South cooperation. The expansion of…

Following Malaysian Prime Minister Anwar Ibrahim’s official visit to Egypt, the two countries announced a plan to upgrade their bilateral relations to a strategic partnership. The visit took place at the invitation of Egyptian President Abdel Fattah Al-Sisi. “We cooperate in investments, the automotive industry, information technology and artificial intelligence, and cultural exchange” said Al-Sisi. Anwar expressed hope to work closely with Egypt and other BRICS members towards its full membership in BRICS and to advance the Global South Agenda.…

Representatives from 70 countries are participating in the Global South Media and Think Tank Forum in Sao Paulo, Brazil, as reported by Prensa Latina, a partner of TV BRICS. “One of the key lessons we have learnt and promoted throughout the history of our agency is the need to engage with other media also focused on the Global South,” highlighted Prensa Latina’s editor-in-chief, Martha Isabel Andres, during the event. It is noted that the meeting, which involves 350 specialists from…

In today’s world, the development gap between the North and South remains significant. China, as the world’s largest developing country and a natural member of the Global South, is promoting the common prosperity of Global South countries through concrete cooperation schemes and actions. African Times has published this article in partnership with Xinhua News Agency

The collective rise of the Global South has become a defining element in today’s reshaping global landscape. In response to the growing tide of awareness and revitalization across the Global South, the International News Department of Xinhua News Agency introduced a multimedia series in 2024 titled Awakening of the Global South. This series seeks to examine the awakening of the Global South countries from an innovative, history-informed perspective, aiming to deepen understanding through narratives that resonate with the region’s audiences…

The 29th Conference of the Parties to the UN Framework Convention on Climate Change (COP29) is to be held from 11 to 22 November in Baku, Azerbaijan. The main goal of the conference is for countries to agree on a new climate finance target through which wealthy countries will pay to help poorer and climate-vulnerable nations to cope with climate change. On this occasion, ChinAfrica talked to Chukwumerije Okereke, director of the Centre for Climate Change and Development at the Alex-Ekwueme Federal University…

In 2024, Russia holds the BRICS Сhairmanship. The summit in Kazan was a key event. What would you note if you summarised its main results as well as the results of Russia’s Chairmanship as a whole?  The summit demonstrated the rapidly growing authority of BRICS and the desire of more countries to join its work.  A number of countries have officially requested to join as full members. Others have expressed interest in becoming partner countries. This is a new category that…

In a media briefing held at the Russian Embassy in New Delhi, Denis Alipov, the Russian Ambassador to the Republic of India, presented the outcomes of the XVI BRICS Summit, hosted in Kazan under the theme “Strengthening Multilateralism for Just Global Development and Security”. The ambassador highlighted that the event reinforced BRICS’s role as a unifying platform for the Global South, promoting collaborative solutions amidst global challenges. Denis Alipov noted that throughout 2024, Russia led nearly 200 BRICS-related events, covering everything from…

The South African branch of Bank of China, in partnership with the School of Economics and Finance of the University of the Witwatersrand, launched the Chinese Investors’ Confidence Index for South Africa in 2023. A first of its kind, the index reports on South Africa’s economic and investment environment based on the views and experiences of Chinese investors in South Africa. It is ambitious in that it analyses “changes in objective economic indicators” and tries to “uncover underlying causes and…