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New Development Bank to be Key BRICS Building Block

Emerging market leaders want their Brazil, Russia, India, China and South Africa club to be taken seriously, and next month they are expected to make a decisive move towards setting up a development bank to give it real substance and credibility. “There is no doubt that the BRICS Development Bank will be a welcome development,” Sandile Zungu, the Secretary of South Africa’s Black Business Council, told IPS.

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South Africa-Brazil Trade Partnership Hits Potholes

As the five members of the BRICS group of emerging economies – Brazil, Russia, India, China and South Africa – tighten ranks and seek to expand their global influence, the inevitable trade spats have begun.

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China keen to reverse negative image in Africa

CAPE TOWN – The reality of Indian and Chinese investment in Africa is much more complex than the good cop, bad cop image of Asia’s two emerging economic giants.

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Asia in my life by Ngugi Wa Thiong’o

The celebrated Kenyan writer reflects on how much India has been an important thread in his life and in the wider anti-colonial struggle in Africa, and calls for greater interaction between Africa, Asia and South America to escape the long shadow of the ‘Age of the European Empire’.

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Indo-Africa trade: Searching for strong South-South ties

Trade between India and Africa is bound to hit the $70billion mark in the next two years. The 8th CII–Exim Bank Conclave on India-Africa Project Partnership held at New Delhi, India between 18th-20th March 2012.Our reporter was present.

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South Africa Looking to Make the Most of BRICS Membership

Johannesburg – South Africa needs to stop agonising over whether it deserves to be in BRICS and start focusing on making the most of its membership to leverage better trade deals.

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