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BRICS leaders meet in South Africa as bloc weighs expansion

Business The Business Files Reporter -
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

Business The Business Files Reporter -
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

Business The Business Files Reporter -
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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Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Energy 0
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 0
Africa's immense economic potential is being undermined by non-transparent...

IMF: South Africa needs decisive efforts to cut spending

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South Africa needs more decisive efforts to cut spending...

World Bank sounds alarm on ‘historical reversal’ of development for poorest nations

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Half of the world's 75 poorest countries are experiencing...

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