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SA’s Ramaphosa backtracks on nuclear deal with Russia

South Africa’s President Cyril Ramaphosa on Thursday told Russian President Vladimir Putin that his country is not ready to sign a nuclear power deal as its economy is stagnant and not growing at the rate that “we want it to.” Ramaphosa who was speaking at a private meeting with the Russian leader on the sidelines […]

South Africa: BRICS countries urged to reject go-it-alone trade

The 10th annual BRICS Summit has officially kicked off on Wednesday as leaders of Brazil, Russia, India, China and South Africa gathered in Johannesburg for their annual meeting. This year’s summit is themed “BRICS in Africa: Collaboration for Inclusive Growth and Shared Prosperity in the 4th Industrial Revolution”. According to organizers, about 1,000 delegates deliberated […]

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BRICS bank Okays $600 mln loans for South Africa, China

The BRICS Development Bank has approved loans of $300 million for energy projects in South Africa and $300 million for a transportation project in China. The BRICS group established in 2006 by five major emerging national economies – Brazil, Russia, India, China and South Africa – aims to enhance cooperation between member countries and also […]

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Rwanda inks $300 million loan deals & bilateral pacts with China, India

The Rwandan government has signed seven bilateral pacts and loan agreements worth more than $300 million with China and India to further boost existing cooperation. The Chinese loan, destined to build two roads and carry out irrigation projects, was extended during the Chinese President Xi Jinping’s visit to Rwanda Sunday and Monday. For the past […]

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UN marks 100 years since Mandela’s birth with a vow to continue struggle for equality

Taking stock of his “vast” legacy for mankind, the United Nations marks 100 years since the birth of the late anti-Apartheid activist, Nelson Mandela, this Wednesday. “Nelson Mandela was a towering global advocate for justice and equality”, said UN Secretary-General António Guterres in his video message for Nelson Mandela International Day, annually observed on July […]

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South Africa: UAE to invest $10 bln in Tourism and Mining

South African presidency last weekend said the United Arab Emirates (UAE) has pledged to invest about $10billion in the southern African nation’s economy, including the tourism and mining sectors. Saudi Arabia committed a similar sum with a focus on energy during a Middle East visit by South African President Cyril Ramaphosa, the presidency said in […]

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South Africa: Saudi Arabia pledges $10bn energy-focused investment

Saudi Arabia will invest $10 billion in South African economy in the coming years with a key focus on the energy sector, President’s Cyril Ramaphosa’s spokeswoman announced Thursday. Khusela Diko in a phone call to Bloomberg said the Saudi intention was expressed during President Ramaphosa’s visit to the kingdom this week. “Most of it will […]

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South Africa: Jacob Zuma’s son faces strict bail conditions over graft

Son of the former South African President Jacob Zuma has been released on bail on Monday after appearing briefly on a charge of corruption in the Specialized Commercial Crimes Court on Monday. The Johannesburg Specialized Commercial Crimes Court released Duduzane Zuma, on just under $7,500 bail. Duduzane faces charges of corruption and conspiracy to commit […]

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Ghana is open for business – President Akufo-Addo tells South Africans

Ghanaian President Nana Addo Dankwa Akufo-Addo on Thursday spoke at the Ghana-South Africa Business Forum, held in Pretoria, as part of his State Visit in South Africa. In his address at the forum, President Akufo-Addo said a strategic partnership between Ghana and South Africa is of the utmost importance, as it will empower the business […]

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Security, trade, anti-corruption top African leaders’ meeting in Mauritania

The 31st summit of the African Union (AU) ended on Monday in Mauritania with the African Continental Free Trade Area (AfCFTA), anti-corruption and security on the top of the agenda. A deadly bombing of a military base in neighboring Mali shortly before the start of the summit and a car bomb targeting French soldiers on […]

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