Ethiopia Financial News
15.11 / 05:11
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To get more capital, Africa needs more data
Subscribe to enjoy similar stories. “The concept of risk is completely invented to ensure that investment doesn’t come to Africa," Gagan Gupta told an audience of investors and entrepreneurs earlier this year, to resounding applause. Mr Gupta, whose firm works on logistics and utilities across Africa, is optimistic about the continent and scathing about outsiders’ ability to assess it.
05.11 / 08:37
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China’s relationship with Africa is growing murkier
Subscribe to enjoy similar stories. It has been the highlight of most African leaders’ diplomatic calendar for nearly a quarter of a century. Ever since the inaugural Forum on China-Africa Co-operation (FOCAC) in Beijing in 2000, the triennial shindig has been treated as a barometer by analysts seeking clues about the evolving state of relations between Africa and its biggest trading partner.
03.11 / 12:53
23.10 / 21:43
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Financial cooperation and BRICS expansion are on the table as Putin hosts Global South leaders
Russia’s President Vladimir Putin is hosting China’s Xi Jinping, India’s Narendra Modi and other world leaders at a summit of the BRICS bloc of developing economies, part of Kremlin efforts to challenge Western global clout
23.10 / 13:13
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President Xi Jinping asks BRICS to respond to requests of countries to join bloc
Xi Jinping said Wednesday that the ongoing BRICS summit here has decided to invite a number of nations to become partner countries and called on the grouping to actively respond to the requests of countries of the Global South to join the bloc. BRICS consisting of Brazil, Russia, India, China and South Africa has now expanded with five additional members — Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE. In his speech addressing the 16th BRICS Summit, Xi said the summit has decided to invite a number of nations to become partner countries, China's state-run Xinhua news agency reported. He hailed the decision as another important development in the course of BRICS development.
22.10 / 21:53
22.10 / 14:45
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Will Vladimir Putin do at BRICS what America dreads the most?
BRICS Summit 2024 at Kazan in Russia will be watched keenly by the United States. The BRIC grouping, including Brazil, Russia, India, and China, was formally started in 2006. In 2009, the first BRIC Summit was held in Russia.
22.10 / 09:51
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Putin hosts Global South leaders at BRICS summit intended to counterbalance Western clout
China’s Xi Jinping, India’s Narendra Modi and other global leaders have arrived in the Russian city of Kazan for a summit of the BRICS bloc of developing economies that the Kremlin hopes to turn into a rallying point for defying the Western liberal order
22.10 / 06:01
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President Xi Jinping leaves for Kazan to attend BRICS summit
Xi Jinping on Tuesday left for Russia to attend the BRICS summit where he is expected to meet leaders of the member countries, including Prime Minister Narendra Modi on the sidelines. Xi will articulate China's vision for «greater cooperation» of the BRICS bloc, which has now expanded to 10 members, and «open a new era for the Global South to seek strength through solidarity» at the three day summit. The summit of Brazil, Russia, India, China and South Africa (BRICS), which now has expanded with five additional members Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE, is being held in the Russian city of Kazan, about 900 km east of Moscow, from October 22 to 24. Xi left Beijing for the 16th BRICS Summit in Kazan at the invitation of Russian President Vladimir Putin, state-run Xinhua news agency reported.
22.10 / 01:59
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Putin to meet PM Modi, other leaders on sidelines of BRICS Summit: Russian presidential aide
BRICS Summit in Russia's Kazan, Russian President Vladimir Putin will hold meetings with Prime Minister Narendra Modi, Turkiye President Recep Tayyip Erdogan, Palestinian President Mahmoud Abbas, and UN Secretary-General Antonio Guterres, TASS reported citing the Russian president's foreign policy aide, Yury Ushakov. Speaking to reporters, Ushakov stated that the meetings will start on October 22. He said Putin will have a meeting with New Development Bank President Dilma Rousseff. Following his talks with Rousseff, Putin will hold a meeting with PM Modi and later with South African President Cyril Ramaphosa. Furthermore, Putin's meetings are also planned with Chinese counterpart Xi Jinping and Egyptian President Abdel Fattah al-Sisi, according to TASS report.
21.10 / 15:19
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security
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BRICS Kazan Summit: Evolution and expansion over the years
BRICS Summit will take place in Kazan, Russia on 22nd-24th October, 2024. The Theme of the Meeting is «Strengthening Multilateralism for Just Global Development and Security”. The main objectives of the 2024 BRICS Summit are to promote cooperation and partnership in politics and security, economy and finance, and cultural and humanitarian ties.
21.10 / 05:35
President
War
country
International
Putin hosts a summit in a bid to show the West it can't keep Russia off the global stage
In the coming days, Russian President Vladimir Putin will be shaking hands with multiple world leaders, including those from China, India, Turkey and Iran
14.10 / 22:07
Cooper
Waters
security
Sustainability
country
blues
rights
Nile basin nations say water-sharing accord has come into force without Egypt's backing
A regional partnership for Nile River basin countries says an agreement on the equitable use of water resources has come into force despite the notable opposition of Egypt
28.09 / 05:57
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prevention
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A federal judge in Texas will hear arguments over Boeing's plea deal in a 737 Max case
Lawyers for Boeing and families of some people who died in two crashes of Boeing jetliners will go face to face in court next month
22.09 / 18:23
markets
Target
security
travelers
mountaineering
Policeman killed in blast targeting foreign diplomats' convoy in Pakistan's Khyber Pakhtunkhwa
improvised explosive device, targeting a convoy of foreign diplomats, killed a policeman and injured three others in Pakistan's restive northwestern Khyber Pakhtunkhwa province on Sunday. The blast triggered through a remote hit the convoy that was travelling to the scenic mountainous Malam Jabba in Swat district from Islamabad. A senior police officer said that all the diplomats were safe. The convoy included diplomats from Russia, Vietnam, Bosnia and Herzegovina, Ethiopia, Rwanda, Zimbabwe, Indonesia, Uzbekistan, Turkmenistan, Kazakhstan and Portugal.
12.09 / 17:49
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Why G7? Jaishankar asks when questioned about the need for BRICS
External Affairs Minister S Jaishankar on Thursday dismissed the argument that there was no need for «another club» called the BRICS, and said he was struck by the «insecurity» in the developed world over the grouping. During a conversation with Ambassador Jean-David Levitte at Global Centre for Security Policy, a think tank, here, Jaishankar said if the G7 can exist when there is the G20, there is no reason why BRICS cannot. Accounting for 27 per cent of global GDP, BRICS was founded by Brazil, Russia, India and China; later South Africa joined it, and in January 2024, five new countries — Iran, Saudi Arabia, Egypt, UAE and Ethiopia --joined the bloc. «Why the club? Because there was another club! It was called the G7 and you will not let anybody else into that club. So, we go and form our own club,» Jaishankar told to a loud cheer from the audience.
05.09 / 08:24
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country
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International
Turkey seeks to join the BRICS bloc of emerging economies, a Kremlin official says
A top Kremlin official says Turkey has formally applied for a membership in the BRICS bloc of developing economies as Russia and China seek to counter the West's global influence
03.09 / 20:12
economy
President
country
reports
Turkey wants to join the BRICS bloc of developing economies, official confirms
A senior official has confirmed a report that Turkey wants to join the BRICS bloc of developing economies but fell short of confirming that the NATO country had formally applied for membership
20.08 / 21:10
UPS
security
economy
Trade
country
Day after Putin's visit, Azerbaijan applies to join Russia and China in the BRICS alliance
Azerbaijan has formally applied to join the BRICS group of developing economies, a day after Russian leader Vladimir Putin’s visit to the oil-rich South Caucasus country to shore up regional ties and secure Moscow’s under-pressure trade routes
15.08 / 17:34
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Justice
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Justice Department defends Boeing plea deal against criticism by 737 Max crash victims' families
The Justice Department is defending a plea deal it struck with Boeing over planes that crashed and killed 346 people
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