Tag: BRICS

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BRICS leaders meet in South Africa as bloc weighs expansion

Leaders of the BRICS nations - Brazil, Russia, India, China and South Africa - converged on Johannesburg on Tuesday for a summit where they...

‘BRICS bank’ issues first South African rand bonds

The development bank founded by the so-called BRICS countries closed the auction for its first South African rand bonds on Tuesday, as it comes...

‘BRICS bank’ looks to local currencies as Russia sanctions bite

Hobbled by the impact of sanctions against founding shareholder Russia, the New Development Bank (NDB) set up by the BRICS countries needs to increase...

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World Bank’s Banga says more bilateral debt forgiveness needed

World Bank President Ajay Banga said on Thursday (17...

Ghana, creditor panel agree on debt restructuring, paving way for IMF cash

Ghana has finalised a pact with its official creditor...

Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...

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