Browsing: Russia

Russia to save Africa from a strong dollar

Official data has shown that the cost of transacting in international currencies is often 2 or 3 per cent higher than dealing in local alternatives. The higher cost often creates significant international trade obstacles. Ultimately, the progressive decision-making of the Russian government could save Africa from the damaging effects of a strong dollar. Consequently, international trade will become accessible to businesses in Africa. This will boost economic growth in the respective partner countries.

China's global economic control

Xi Jinping has elevated the China-Africa friendship to its most significant level since Mao Zedong’s reign. With Xi getting a third five-year term and perhaps staying in power even longer, those relations will strengthen further. Thus, Africa will remain pivotal in China’s plans for global economic control.

Russia-Ukraine war, what is the relation with food security in Africa? Photo/EADB

Food security in Africa has always been the centre stage of all major global meetings. Photos of starving naked children have been paraded so much that hunger and Africa have become synonymous.

However, after years of talks, recommendations, solutions, funding, monitoring, evaluation, more talks, more recommendations, more funding…and then more years of new talks, new recommendations, new solutions, new funding… it’s exhausting; Africa is still hungry!

 The cool acronyms, the endless list of organizations, the countless projects and initiatives, the billions upon trillions issued every year, its all mind-boggling.

 Global Development Goals (GDG), Sustainable Development Goals (SDG), World Food Organisation (WFP), International Monetary Fund (IFM), World Bank (WB), African Development Bank (AfDB), Alliance for a Green Revolution in Africa (AGRA)…it goes on and on.