Chinese companies such as China Southern Power Grid Corp, one of China’s two power grid operators, are leading BRICS investment in power generation in Sub-Saharan Africa [Xinhua]
The audience at the fourth Independent Power Producers (IPP) and Power Purchase Agreement (PPA) Conference at the annual Africa Energy Indaba conference in Johannesburg heard this week that the BRICS countries were important in Africa’s power supply equation.
The anti-Russia brigade in Washington come in many stripes from the supremely stupid like Maxine Waters to the dangerously fanatical like John McCain. But they have one thing in common, they are not hurting Russia, they are embarrassing and reducing the geopolitical weight of the United States.
Zuma had sought to withdraw from the ICC, in line with many other countries which expressed dissatisfaction with the court [Image: GCIS]
South Africa’s High Court on Wednesday cited procedural irregularities when it blocked the government’s move to withdraw from the International Criminal Court.
South African Justice Minister Michael Masutha in November submitted a bill to the parliament to withdraw from the Rome Statute, the official agreement which created the International Criminal Court (ICC) in 1998.
Parliament has not yet voted on the bill.
(From L to R) Russian Foreign Minister Sergei Lavrov, Indian Minister of State for External Affairs M.J. Akbar, Chinese Foreign Minister Wang Yi, South African Foreign Minister Maite Nkoana-Mashabane and Brazilian Foreign Minister Jose Serra pose for a group photograph during a meeting of foreign ministers from the BRICS nations on the sidelines of a series of UN conferences in New York [Xinhua]
Chinese Foreign Minister Wang Yi told his South African counterpart that Beijing will work to boost cooperation with the continent as outlined in the Johannesburg Summit two years ago.
The ruble, rand, real and a host of other EM currencies have registered strong growth against the dollar recently [Xinhua]
In case you haven’t heard, there’s a rally of sorts going on in emerging markets, defying all the factors stacked up against such a trend.
Conventional wisdom has it that with the US Federal Reserve promising to raise interest rates at least three more times this year, capital outflow from emerging markets will increase, sending their currencies plummeting.
Zuma’s ANC rejected calls by the opposition to remove the president in November’s no confidence vote [Xinhua]
The 25 Members of Parliament (MPs) of the Economic Freedom Fighters (EFF) party were evicted from the South African Parliament on Thursday after they had delayed the State of the Nation Address (SONA) by President Jacob Zuma by 78 minutes.
Today we cover the latest lawsuit against convicted pedophile Jeffrey Epstein. This lawsuit was filed by Jane Doe 43 and accuses Epstein, Ghislane Maxwell, Sarah Kellen, Lesley Groff, and Natalya Malyshev, of being involved in a criminal sex trafficking enterprise. I talk mainly about the criminal complaint filed by Jane Doe 43 and what it reveals about Epstein and his operation. I talk about the hierarchical structure that Jane Doe 43 describes, and the various roles that the named individuals were tasked with.
The African Union is to choose Dlamini-Zuma’s successor as well as decide on Morocco’s readmission into the organization [Xinhua]
Hailing the economic progress of some nations on the continent, African Union (AUC) chief Nkosazana Dlamini-Zuma praised the great changes pushing members of the organization toward development and socio-economic integration.
Dlamini-Zuma said during her opening speech at the 28th AU summit in Addis Ababa that Ethiopia, DR Congo, Cote d’Ivoire, Mozambique, Tanzania, and Rwanda are amongst the fastest-growing economies in the world
The African Union condemned Jammeh for refusing to step down; it supported a military intervention if need be [Xinhua]
South Africa has officially recognized Adama Barrow as the new president of Gambia following his swearing in at the Gambian embassy in Dakar, Senegal.
The UN Security Council unanimously passed a resolution supporting Barrow as the legitimate Gambian president and condemned Jammeh for refusing to step down.
Global economic growth will hit 3.4 per cent in 2017, the IMF said, but the world’s second-largest economy will grow by only 6.5 per cent in 2017 [Xinhua]
China’s fiscal stimulus has helped edge its GDP growth upward, the International Monetary Fund said on Monday, but India’s domestic consumption retreated in the face of demonetization and pushed economic growth down.
