State African Financial News

The three junta-led West African nations of Niger, Mali and Burkina Faso have formally withdrawn from the regional bloc known as ECOWAS

Subscribe to enjoy similar stories. “It keeps getting worse and worse," sighs Camry Tagoe, an activist in Accra, the capital. “If you look at Google maps, Ghana has turned from green to brown." Over the past month Mr Tagoe has helped organise protests across the city that call for an end to “galamsey", or wildcat gold mining.

Three African leaders seeking to head the African Union have detailed their plans for regional security amid conflicts and political coups while strongly advocating for inter-Africa trade

Shaktikanta Das, the Governor of Reserve Bank of India (RBI), on October 26, received award for A+ grade in Central Bank Report Cards 2024, for the second consecutive year. The award, presented by Global Finance in Washington D.C., USA, recognised RBI Governor's excellent performance and effective leadership in steering India's apex bank through complex economic challenges. In a social media post on X, RBI posted, «Governor @DasShaktikanta received the award for A+ grade in Central Bank Report Cards 2024, for the second consecutive year. Presented by Global Finance at an event held today in Washington DC, USA.»

Subscribe to enjoy similar stories. “We’ve seen arson, sabotage and more: dangerous actions conducted with increasing recklessness," said Ken McCallum, the head of MI5, Britain’s domestic security and counter-intelligence agency, in a rare update on the threat posed by Russia and the GRU, its military-intelligence agency. “The GRU in particular is on a sustained mission to generate mayhem on British and European streets," he said on October 8th.

United Nations Security Council seats for African states and one seat to be rotated among small island developing states, U.S. Ambassador to the U.N. Linda Thomas-Greenfield will announce on Thursday. The move comes as the U.S. seeks to repair ties with Africa, where many are unhappy about Washington's support for Israel's war in Gaza, and deepen relations with Pacific Islands nations important to countering Chinese influence in the region. Thomas-Greenfield told Reuters she hopes the announcement will «move this agenda forward in a way that we can achieve Security Council reform at some point in the future,» describing it as part of U.S. President Joe Biden's legacy.

By Felix Onuah

By Joe Bavier and Boureima Balima

RBI Governor Shaktikanta Das, two other central bankers- Thomas J. Jordan of Switzerland and Nguyen Thi Hong of Vietnam earned an ‘A+’ grade in the Global Finance Central Banker Report Cards 2023. "The Bank Governors who earned an ‘A+’ grade in the Global Finance Central Banker Report Cards 2023 are Shaktikanta Das from India, Thomas J.

Samia Suluhu Hassan is planning a trip to India early next week as India and Tanzania aim to upgrade ties to strategic partnership. Defence ties with Tanzania have received a major boost in the last few years as the South East African state has shown keenness to purchase Indian military equipment and expand maritime security partnership, officials told ET. The Indian Army chief visited Tanzania this week. In recent years, India and Tanzania have been cooperating in the field of defence training in Indian institutions.

Putin was on Friday shown meeting one of the most senior former commanders of the Wagner mercenary group, Andrei Troshev, and discussing how best to use «volunteer units» in the Ukraine war. Is Wagner back, who controls it and are its fighters returning to the Ukraine war?

As the U.S. and Russia vie for greater influence in Africa, Moscow is seeking access for its warships to a Mediterranean port in Libya that could expand its naval footprint in the North Atlantic Treaty Organization’s backyard. Senior Russian officials, including Deputy Defense Minister Yunus-Bek Yevkurov, met with Libyan warlord Khalifa Haftar in recent weeks to discuss long-term docking rights in areas he controls in the war-torn country’s east, according to Libyan officials and advisers.

African Union (AU) Saturday formally took its seat as a new member of the G20 at the invitation of summit host Prime Minister Narendra Modi. In his inaugural address at the summit, Modi also expressed solidarity with Morocco as it grapples with the aftermath of a devastating earthquake and extended all the support that Rabat needs. In 2015, India had played a key role in Morocco's reinduction into the AU. The current chair of the 55-member AU is the Comoros President, who was greeted by Modi following the announcement.

RBI) Governor Shaktikanta Das has been rated ‘A+’ in the Global Finance Central Banker Report Cards 2023, the central bank said on Friday. Taking to X (former Twitter), RBI said," We are happy to announce that Governor Shaktikanta Das has been rated “A " in the Global Finance Central Banker Report Cards 2023.

Reserve Bank of India Governor Shaktikanta Das has been ranked as the top central banker globally by US-based Global Finance magazine.

Gabon coup: A group of senior military officers in Gabon claimed they had seized power in the early hours of Wednesday. This came minutes after the Central African state's election body announced that President Ali Bongo Ondimba, 64, was declared winner of an election marred by fears of violence. As per media reports, The officers claimed to speak for all of Gabon's security and military forces on the television station Gabon 24.

Xi Jinping has arrived in South Africa, Chinese state media reported Tuesday, where he will attend the BRICS summit in Johannesburg. The state visit will be Xi's second of 2023, after making an official trip to Russia in March. «Chinese President Xi Jinping arrived in Johannesburg on Monday to attend the 15th BRICS Summit to be held here, and pay a state visit to South Africa,» Xinhua news agency said, adding he had been «warmly welcomed» by South African President Cyril Ramaphosa. «Xi said that he is very glad to visit South Africa again and looks forward to having in-depth exchanges of views with Ramaphosa on deepening China-South Africa relations and issues of common interest,» Xinhua said. The heads of Brazil, China, India and South Africa plus Russia's top diplomat will gather from Tuesday to Thursday this week under the theme «BRICS and Africa», South Africa's Foreign Minister Naledi Pandor said this month. Russian President Vladimir Putin — who is sought by the International Criminal Court (ICC) for his role in the Ukraine war — will not attend this year's BRICS conference in South Africa, which is a signatory of the ICC. The Chinese leader previously visited South Africa in 2018 as he sought to enhance his country's diplomatic and economic ties with the continent. On the agenda at this year's summit will be the possible future expansion of BRICS membership, which the bloc has previously indicated it is open to. Several African countries have previously expressed a desire to join the bloc, including Algeria, Egypt and Ethiopia. A total of 69 countries have been invited to the summit, including all African states. BRICS, a loosely-defined group that sees itself as a counterweight to Western economic domination,

West African powers, saying they had been overwhelmed by the numbers who turned up. Thousands of mostly young men had massed outside a stadium in the capital Niamey hours before the scheduled start-time of the event - a sign of the strong support in some quarters for the junta, which has defied international pressure to stand down after the July 26 ouster of President Mohamed Bazoum. "In all our calculations and our understandings, we never thought we could mobilize (this number of people)," said Younoussa Hima, co-organiser of the initiative dubbed "The Mobilisation of Young People for the Fatherland." "So it is really difficult for us today to do this work.

ABUJA (Reuters) -West Africa's ECOWAS bloc aims to send a parliamentary committee to Niger to meet coup leaders who took power last month and have so far resisted diplomatic pressure to restore civilian rule, a parliament spokesperson said on Saturday.

The military junta currently ruling the African state of Niger may turn to Russia's Wagner group for support in the coming days. US Secretary of State Antony Blinken voiced concern about the mercenary troops "possibly manifesting itself" in parts of the Sahel region. The concern is not wholly unfounded with neighbouring Mali having taken a similar route two years earlier.

By Boureima Balima