Browsing: Africa-Russia relations

World trade is increasingly relying on new technologies to meet demand and Asia is likely to take centre stage in the future of global trade. Photo/WTO

 

World trade is increasingly relying on new technologies to meet demand and Asia is likely to take centre stage in the future of global trade.

Analysts predict Southeast Asia will be the world’s busiest trade area by trade volume.

The International Monetary Fund (IMF) reports that billions of dollars are already been invested in warehouses and distribution centers across with ports investing in automated vehicles and cranes to increase efficiency and cut costs in the long term.

Trade in the modern world is global. Flow of goods, services, capital, people and data connects us all. Value chains of even the smallest of daily consumer products are global. Raw, a raw material from Africa is developed in Asia and consumed in the Americas -, that is the modern world and countries that wish to be competitive must adopt.

However, this view of a ‘world village’ is changing, in the wake

Again, the blatant abuse of, and racism against Africans in Ukraine is another knocker that will not see Africans get swayed easily since they feel they are still being treated like lesser humans.

For America and its allies to gain Africa’s support on any agenda they have, they have to do a lot more to convince Africans than they have had to prior to the covid-19 menace and the Russia-Ukraine crisis.

It is evident that the US, Europe and their allies do not care much for Africa. During the pandemic, the US, Europe and their allies hoarded vaccines and denied the continent the opportunity for equal and timely administration. This, however, was a blessing in disguise in that the vaccines have largely proven not to be effective. A win for Africa!

Since Russia’s operation started in Ukraine, a powerful alliance of friends has worked together to isolate the largest Slavic …