SA’s Ramaphosa to address the UN General Assembly later this month

SA’s Ramaphosa to address the UN General Assembly later this month

South African President Cyril Ramaphosa will lead South Africa’s delegation at the 79th United Nations General Assembly in New York from the 24th to the 30th of this month. The session, presided over by former Cameroonian Prime Minister Philemon Yang, will focus on unity in diversity. Presidency spokesperson Vincent Magwenya says Ramaphosa will address the summit, focusing on multilateralism, economic diplomacy, and investment.

September 12, 2024 50

Namibia

Growing BRICS could surpass the Economic Size of the G7

Opinion Piece by Josef Kefas Sheehama It is not surprising that the BRICS plus will usher in a new economic order if the group of seven (G7) does not pull up its shocks, as the group's expansion presents new economic opportunities for developing countries. There is no doubt that the establishment of the BRICS represented a major step forward in the long-term process of member countries' integration, both […]

September 4, 2024 26

Business / Economics

Oil discoveries make Namibia a top business travel destination

Oil and gas discoveries in Namibia are transforming the country into a high-end business travel destination from a tourist locale for a South African airline. Bloomberg Africa reports that Total Energies SE and Shell Plc have found an estimated 11 billion barrels of oil reserves in Namibia, in what is touted as potentially the biggest-ever deep water find. Namibia has yet to produce crude or gas but has become an […]

July 4, 2024 49

Business / Economics

Emerging markets experience 9% drop in Foreign Direct Investment

Global foreign direct investment flows could rise modestly in 2024 after a marginal increase last year due to higher investment in some European economies, the United Nations trade body said on Wednesday. Emerging Markets have seen a decline in Foreign Direct Investment in 2023 by 9 percent to $841 billion. Meanwhile, developing Asian countries bore the brunt with a 12% decrease, and China reported an unusual 6% drop in FDI […]

January 18, 2024 9