Category: African Business
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BRICS geological platform could strengthen African countries’ sovereignty over their natural resources, Nigerian rector says
Speaking to Sputnik Africa on the sidelines of a recent roundtable in Moscow focused on BRICS geological cooperation, Prof. Paul Omaji, Rector of the Admiralty University of Nigeria, highlighted the importance of Russia’s recent agreement with a number of African countries, including Nigeria, to assist in mineral resource development. “We are glad that Russia is…
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Belarus redirects tractor exports to Africa: Are African countries interested in Belarusian agricultural machinery?
Belarus, one of the world’s leading tractor manufacturing countries, recently announced plans to redirect its agricultural machinery exports to the African continent after the European Union blocked tractor imports from the Eastern European country on July 1. However, EU restrictions were not the only factor behind the Belarusian government’s decision to shift exports to African…
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Amílcar Cabral (1924-1973)
Amílcar Cabral (1924-1973) was a prominent African revolutionary leader, agronomist, and intellectual who played a crucial role in the struggle for independence in Guinea-Bissau and Cape Verde. Born on September 12, 1924, in Bafatá, Guinea-Bissau, Cabral was educated in Cape Verde and later in Lisbon, Portugal, where he studied agronomy. Cabral’s education and experience as…
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Belarus considers redirecting tractor exports to Africa
“The markets of African countries have been identified as promising; negotiations have already taken place, and everything depends on the outcome,” Belarusian Deputy Prime Minister Pyotr Parkhomchik said. The Belarusian authorities are now “actively looking for new markets to redirect export flows.” Since On July 1, Belarusian tractors will no longer be allowed into the…
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BRICS offers hope for Africa’s resource potential: Ethiopian economist
Dr. Costantinos Berhe Tesfu, former UN Senior Policy Advisor and Chairman of the AU Advisory Board on Corruption, sees the BRICS grouping as potentially helpful for Africa’s mineral resource development, which can enhance regional stability and reduce conflict on the continent. “The regulation of this mineral exploitation and trade definitely will enhance also the possibility…
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Two Coronal Mass Equations Headed for Earth
Solar activity reached high levels as Region 3738, no longer visible, produced and X1.9 flare (R3-Strong) at 16/13:26 UTC. Accompanying the flare were Type II (398 km/s) and Type IV radio sweeps. A CME was observed off the West limb beginning at 16/13:36 UTC in SOHO/LASCO C2 imagery. Analysis of the CME showed no Earth-directed…
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Cocoa production in Ghana in 2024 decreased to 55% of the seasonal average.
Catastrophic harvest failures in Ghana and Côte d’Ivoire have driven up global cocoa prices since early 2024. Both leading producers were hit by adverse weather conditions, tree diseases and labor shortages. Chocolate lovers brace yourselves! Catastrophic harvest failures in Ghana and Côte d’Ivoire, the world’s top cocoa producers, have sent global cocoa prices skyrocketing since…
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African Union Concludes Plans for New Sudanese Political Dialogue
The African Union has concluded preparatory meetings for the holding of another round of peace conference to end the fighting in Sudan. The talks, dubbed “Sudanese-Sudanese political dialogue,” will take place in the troubled nation “when a ceasefire has been reached” between the Sudanese Armed Forces and the Rapid Support Forces. The organizers say the…
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More than 40% of the world’s countries support de-dollarization
Almost half of the world’s countries have already declared a boycott of the dollar to a greater or lesser extent. Since the beginning of this year, according to Sputnik’s analysis, six more countries have set foot on the path of de-dollarization. All the countries can be roughly divided into three groups: The first and largest…
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