News

01/04/2013 - At their meeting in Durban, the BRICS group put forward the proposal establishing a Development Bank under their auspices. This initiative was hailed by Donald Kaberuka, President of the AfDB. A grand premiere in Africa, this decision was taken at the meeting held on the 26 and 27 March 2013. The continent welcomed the annual meeting of the BRICS group held in Durban made up of Brazil, India, China, Russia and South Africa joining these countries in April 2011.

Categories: South Africa, Russia, Brazil, India, China, Economic & Financial Governance

26/03/2013 - The new world order comes to Durban this week – for the fifth BRICS Summit, and the first in Africa. Dilma Rousseff, Vladimir Putin, Manmohan Singh, Xi Jinping and Jacob Zuma represent a changing world, as gravity and power gradually shift from North to South, and West to East. Between them, they preside over nearly half of the world’s population, and nearly a quarter of its GDP.

Categories: South Africa, China, Brazil, India, Russia, Programme for Infrastructure Development in Africa (PIDA), Infrastructure