Categories
-Top News Africa News World News

Advantage Africa: BRICS

The next wave of global growth will come from Africa, as the continent rises as a bigger player in emerging markets according to South Africa chapter of the BRICS Business Council….reports Asian Lite News

The next wave of global growth will emerge from Africa, as the continent rises as a bigger player in emerging markets. This is according to Busi Mabuza, who chairs the South Africa chapter of the BRICS Business Council.

Mabuza was speaking on Tuesday during a panel discussion on unlocking BRICS trade and investment opportunities. She told delegates that intra-BRICS trade has grown by an average annual rate of 7 percent in the past 10 years.

“These are very compelling numbers. However, the success of the BRICS formation, especially in the past 10 years is that we have now created a model for the world that moves away from the extractive approach in terms of economic engagement towards a collaborative approach where we can all benefit,” she said.

The BRICS grouping of major emerging economies – Brazil, India, China, South Africa and Russia (BRICS), is holding its summit in Johannesburg from 22-24 August 2023 under the Chairship of South Africa.

In addition, she said the continent still boasts abundant resources, including human capital, especially the youth, mineral resources and others. “The next wave of global growth will come from this continent,” she stressed as quoted by the SA Government News Agency.

“It is important that we are sitting here today inviting our BRICS partners because we see that they accept and understand the multilateral approach where there’s mutual respect and all working for a win-win outcome.”

Mabuza has called on the bloc partners to participate in the industrialisation of the African continent. “This is because this is where the world needs to see the next wave of global growth.”

She also stressed the importance of Africa-intra trade and tangible cooperation and coordination.

“We need to focus on the infrastructure. We need to trade with ourselves in the continent and get services from each other,” she said, adding that people-to-people interaction was also crucial.

The chair also touched on policies such as visa agreements, which has the potential to unlock more opportunities.

The BRICS Business Council is a platform that promotes and strengthens business, trade and investment ties among the business communities of the five countries.

Contribute to Africa’s growth story

South African President Cyril Ramaphosa has said that as the country has an urbanized population and can provide a stable workforce in future, BRICS countries have an opportunity to contribute to and participate in Africa’s growth story.

Speaking at the BRICS Business Forum Leaders’ Dialogue in Johannesburg, Ramaphosa said, “Africa has a young digitally connecting and urbanizing population. A population that provides a stable workforce for companies in future. The investment in skills… continues to grow.”

“These factors all position Africa as the frontier of productivity and growth…And, BRICS countries have an opportunity to contribute to and participate in Africa’s growth story,” he said, as per a speech broadcast on South African Broadcasting Corporation (SABC).

“This can be achieved through greater cooperation and areas such as agriculture, the digital economy. South Africa is in an important position to grow the African market,” the South African President added.

He said that South Africa’s industrial strength and large market opportunities provide compelling opportunities for companies wanting to establish businesses here.

“..We require a fundamental reform of the global financial institutions so that they can be more agile and responsive to the challenges facing developing economies…,” Ramaphosa said at BRICS Business Forum in Johannesburg, in a speech broadcast on SABC.

“Growth in African economies would be driven by small and medium enterprises. This requires focused and effective support for these businesses. It is important that specific financing is directed also to women-owned businesses so that they can harness the benefits of their continental free trade area,” he said.

As the South African President went on to speak further at the forum, he also highlighted how the country is focussing on the empowerment of women.

“We in Africa as we seek to grow and develop, are focusing on the empowerment of the women of our continent who have been held back through years of colonialism, and in our case through the years of apartheid through protocols and laws. We need to free the women of our continent so that they can trade, be in business and to grow the economies of our various countries,” Ramaphosa added.

ALSO READ: BRICS expansion spurs many complex issues

Categories
-Top News World News

Modi Holds Bilateral Meeting with South African President at BRICS Summit

This is PM Modi’s third visit to South Africa and the trip marks the 30th anniversary of the diplomatic relationship between India and South Africa…reports Asian Lite News

On the second day of the 15th BRICS Summit, Prime Minister Narendra Modi on Wednesday is scheduled to hold a bilateral meeting with South African President Cyril Ramaphosa. Later in the day, PM Modi is scheduled to attend open and closed plenary sessions in Johannesburg. The plenaries will be followed by a cultural performance and a banquet dinner hosted by President Ramaphosa. The opening day of the 15th BRICS Summit in Johannesburg was witness to the BRICS Business Forum Leaders’ Dialogue.

In his address at the BRICS Business Forum Leaders’ Dialogue, PM Modi said India will soon be a 5 trillion dollar economy and in the coming years will be the growth engine of the world. PM Modi’s special message to the dialogue was that mutual trust and transparency can help create a big impact, especially in the Global South. Meanwhile, Ramaphosa said as the country has an urbanised population and can provide a stable workforce in future, BRICS countries have an opportunity to contribute to and participate in Africa’s growth story.

“Africa has a young digitally connecting and urbanizing population. A population that provides a stable workforce for companies in future. The investment in skills… continues to grow,” President Ramaphosa said. Soon after the Business Forum, PM Modi arrived at the Summer Place in Johannesburg to participate in the BRICS Leaders Retreat where the leaders of the grouping will deliberate on global developments and explore how to utilize the BRICS platform effectively to address and resolve global challenges.

Brazil’s President Luiz Inacio Lula da Silva, Chinese President Xi Jinping and Russia’s Foreign Minister Sergei Lavrov attended the event. PM Modi arrived in South Africa earlier on Tuesday and received a ceremonial welcome at Waterkloof Air Force Base. Upon his arrival, PM Modi received a rousing welcome from the Indian diaspora chanting ‘Vande Mataram’ and the members of the Indian community were waiting for PM Modi’s arrival to welcome him with ‘dhols’ outside the Sandton Sun Hotel in Johannesburg. Women members of the Indian diaspora tied ‘Rakhi’ to the wrist of PM Modi as they welcomed him to the country. The prime minister also inspected a model of the Swaminarayan Temple in Johannesburg. The under-construction temple once completed by 2025 will be the largest Hindu temple in Africa and Southern Hemisphere. This is PM Modi’s third visit to South Africa and the trip marks the 30th anniversary of the diplomatic relationship between India and South Africa.

Initially formed as BRIC, a visionary concept coined by Goldman Sachs economist Jim O’Neil in 2001, BRICS comprises Brazil, Russia, India, and China – a collective representation of burgeoning emerging markets brimming with current and future economic prowess. In a momentous development in 2010, South Africa joined the bloc, prompting a change in the acronym to BRICS. BRICS stands as a beacon of economic optimism, presenting an alternative global order to challenge the dominance of traditional institutions. (ANI)

ALSO READ-India on Track to Become $5 Trillion Economy: Modi at BRICS summit

Categories
-Top News Africa News World News

Johannesburg gears up for global leaders’ arrival

PM Modi will be arriving in Johannesburg on Tuesday evening to attend the BRICS Summit….reports Asian Lite News

As South Africa holds the presidency of the 15th BRICS Summit, the arrival of global leaders in Johannesburg has begun.

Security arrangements have been tightened at places near the convention centre and the city is decked up with posters and banners of the BRICS Summit.

Tall digital screens featuring Prime Minister Narendra Modi have also been setup across the South African city, showcasing PM Modi’s global popularity. Around 10 such screens are placed across Johannesburg.

PM Modi will be arriving in Johannesburg on Tuesday evening to attend the BRICS Summit.

Chinese president Xi Jinping and Brazilian President Lula da Silva have arrived in Johannesburg.

Meanwhile, Executive Director, Vedanta Africa operations, Pushpender Singla expressed his excitement about PM Modi’s arrival in South Africa.

He told ANI, “…We are very excited about PM Modi’s arrival in South Africa…I am looking forward that how our company Vedanta can also play a bigger part to bring South Africa and India together by bringing a lot of synergy in the business…The opportunities between South Africa and India are huge…”

The BRICS includes Brazil, Russia, India, China and South Africa.

This year’s BRICS is under the presidency of South Africa and is organising the first face-to-face summit since 2019 in Johannesburg.

South Africa became Chair of BRICS on January 1 under the theme: “BRICS and Africa: Partnership for Mutually Accelerated Growth Sustainable Development and Inclusive Multilateralism.”

During his visit to South Africa, PM Modi will also participate in a special event “BRICS – Africa Outreach and BRICS Plus Dialogue” being organized after the BRICS Summit, which will include other nations invited by South Africa, the Ministry of External Affairs (MEA) announced in a press release. (ANI)

ALSO READ: Stage set for crucial BRICS summit

Categories
-Top News Africa News India News

PM Modi departs for South Africa to join BRICS Summit

Prime Minister Modi added that the BRICS  summit will provide a useful opportunity for BRICS to identify future areas of cooperation and review institutional development…reports Asian Lite News

Prime Minister Narendra Modi left for South Africa on Tuesday to participate in the BRICS summit that will be held from August 22.

“I am visiting the Republic of South Africa from 22-24 August 2023 at the invitation of Cyril Ramaphosa, president of South Africa, to attend the 15th BRICS summit being held in Johannesburg under the South African chairmanship.

“BRICS has been pursuing a strong cooperation agenda across
various sectors. We value that BRICS has become a platform for discussing and deliberating on issues of concern for the entire Global South, including development imperatives and reform of the multilateral system,” he said in his departure statement.

Prime Minister Modi added that the BRICS  summit will provide a useful opportunity for BRICS to identify future areas of cooperation and review institutional development.

“During my stay in Johannesburg, I will also participate in BRICS–Africa Outreach and BRICS Plus Dialogue event that will be held as part of the BRICS summit activities. I look forward to interacting with a number of guest countries that have been invited to participate in this event. I also look forward to holding bilateral meetings with some of the leaders present in Johannesburg,” he said.

The Prime Minister further informed that from South Africa, he will travel to Athens, Greece on  August 25 at the invitation of Kyriakos Mitsotakis, Prime Minister of Greece.

“This will be my first visit to this ancient land. I have the honour to be the first Indian prime minister to visit Greece after 40 years. Contacts between our two civilizations stretch back over two millennia. In modern times, our ties have been strengthened by shared values of democracy, rule of law and pluralism. Cooperation in diverse sectors such as trade and investment, defence, and cultural and people-to-people contacts have been bringing our two countries closer,” he said.

ALSO READ-South Africa gears up to host BRICS summit

Categories
-Top News Africa News UAE News

Al Jaber: Increase climate finance for African countries

Dr. Al Jaber began by noting that urgent action was needed to put the world back on track to achieving the goals of the Paris Agreement and keeping the ambition of 1.5 within reach….reports Asian Lite News

Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP 28 President-Designate, has visited Ethiopia to speak at the African Ministerial Conference on the Environment (AMCEN), during which he emphasised the urgent need to increase climate finance to African countries to allow them to seize the opportunity of a zero-carbon, climate resilient future.

He also highlighted his four-point Action Plan for COP28 to fast track the energy transition, fix international climate finance, focus on people’s lives and livelihoods and underpin everything with full inclusivity.

ACMEN is a meeting of environment Ministers from across Africa. It is a key forum for the African Union’s policymaking on climate change, providing political guidance and coordinating common African positions for regional and global summits, such as COP28. Dr. Al Jaber’s participation in the AMCEN summit was an important moment to mobilise African leaders ahead of COP28, and prepare the ground for strong outcomes on finance, adaptation, and loss and damage.

Dr. Al Jaber began by noting that urgent action was needed to put the world back on track to achieving the goals of the Paris Agreement and keeping the ambition of 1.5 within reach.

“With just over 100 days before the world gathers in Dubai for COP28, both the science and common sense are telling us that our collective response to climate change is nowhere near good enough.”

In his remarks, Dr. Al Jaber emphasised Africa’s position as one of the hardest hit regions by climate-related extreme weather events, from the Horn of Africa to Lake Chad and beyond. He said, “From Pakistan to Hawaii, we have seen too many lives and livelihoods devasted. Yet, Africa has been facing extreme climate conditions with greater impacts for longer than most.”

“Here in the Horn of Africa, rains have not fallen for over four seasons, with 23 million people now facing severe hunger across Ethiopia, Kenya and Somalia. Lake Chad, once the lifeblood for millions of people in Nigeria, Niger, Chad, and Cameroon, has shrunk to one tenth of its size. And continuous flooding has ruined crops and spread vector borne diseases across Malawi, Mozambique, Madagascar, Zambia and Rwanda.”

In recognising African governments’ climate initiatives, Dr. Al Jaber highlighted the efforts of the meeting’s host, Ethiopia, to address climate change. On mitigation, he noted, “here in Ethiopia, almost 100 per cent of the country’s energy comes from renewable hydro power.” On adaptation, he continued “Ethiopia is just one country that is leading the way with its Green Legacy Initiative (GLI). Since 2019 the GLI has planted over 25 billion seedlings, enhanced sustainable agriculture, strengthened food security, exported healthy food to foreign markets and created almost 1 million new green jobs along the way.”

However, Dr. Sultan noted that the “chronic lack of available, accessible and affordable climate finance” is a “major obstacle” standing in the way of further progress on climate action.

He continued “Currently, barely one tenth of global climate finance finds its way to Africa. According to the African Development Bank, almost 250 billion dollars annually is needed to meet Africa’s Nationally Determined Contribution (NDC) commitments through 2030. Yet, this continent of 54 countries that contributes less than 5 per cent of global emissions, receives less than 30 billion a year. And private finance flows to Africa are a fraction of what is disbursed to the rest of the world. These are the realities. They need to be fixed. And they need to be fixed now.”

During his remarks, Dr. Al Jaber announced that the COP28 Presidency will co-host with the UK Government a Climate and Development Ministerial meeting at Pre-COP focused on the delivery of adaptation finance for climate-vulnerable countries, and that the meeting would be co-chaired by Malawi and Vanuatu.

Discussing the COP28 Action Agenda’s plan to fix climate finance, Dr. Al Jaber noted that the plan had been informed by his listening and engagement tour with people from around the world, especially from Africa.

He reiterated the COP28 Presidency’s call for the international community to deliver on historic pledges. This included the developed world’s commitment of $100 billion in annual climate financing for the developing world, the doubling of adaptation finance by 2050, and the replenishment of the Green Climate fund. He also stressed the need for the operationalisation of the Loss and Damage fund and funding arrangements and early commitment of pledges.

Dr. Al Jaber also discussed the key recommendations that came out of the Presidency’s recent meeting of the Independent High Level Expert Group (IHLEG) on how to modernize the entire global financial architecture. He noted that International Financial Institutions and Multilateral Development banks “were built for the second half of the last century. They urgently need to be upgraded to meet the needs of this one.”

“Concessional funds must be expanded to lower risk and attract more private capital. New, innovative mechanisms to manage currency risk must be created, adopted and promoted. Climate resilient debt clauses should be universally applied to countries already suffering from high debt burdens. And public and private sectors must partner more closely to build a pipeline of bankable, commercial projects.”

Dr. Al Jaber also reiterated the need to “address the huge disparity between mitigation and adaptation finance. Today, for every nine dollars that goes towards mitigation, only one dollar is available for adaptation.”
Dr. Al Jaber highlighted the COP28 Presidency’s Action Agenda and its plan to “put nature, people and health at the core of the climate agenda, and firmly link climate action with socio-economic development.” Dr. Al Jaber emphasised the particular need to “prioritize the transformation of food systems, promote responsible land use and target food insecurity. No home in the world should face hunger, including the 140 million Africans facing food insecurity today. And by leveraging agri-tech and sustainable farming methods, we can greatly reduce food insecurity, as well as the carbon emissions that come from food production.”

During the summit, Dr. Al Jaber met with several African leaders in a series of bilateral meetings. This included meetings with Alioune Ndoye, Minister of Environment, Development and Ecological Transition for Senegal, Barbra Creecy, Minister of Forestry, Fisheries and Environmental Affairs for South Africa, Roselinda Soipan Tuya, Minister of Environment Climate Change and Forestry for Kenya, and Collins Nzovu, Minister of Green Economy and Environment for Zambia.

Dr. Al Jaber also met with youth representatives and a delegate from the International Youth Climate Programme to discuss priorities ahead of COP28. On the agenda were issues such as adaptation, climate finance, and addressing loss and damage.

ALSO READ: Pakistan: PM Kakar pins hopes on UAE, Saudi Arabia

Categories
-Top News Africa News India News

India pushes for African Union’s inclusion at G20

New Delhi believes that the induction of the African Union as a member of the G20 can further encourage discussion and efforts to address the problems of the Global South….reports Asian Lite News

India is actively working towards assisting the African Union in becoming a part of the G20, the grouping of 20 major global economies. This endeavour is a significant goal during India’s presidency of the group this year, aiming to establish a lasting legacy.

“India is seeking for the African Union to join as a member of the G20 during our presidency,” India’s G20 Sherpa, Amitabh Kant, said at a press briefing.

The government of India believes that the induction of the African Union as a member of the G20 can further encourage discussion and efforts to address the problems of the Global South countries, Antara news agency reported.

The Global South is a term used for developing and less developed countries or low-income economies.

As the term suggests, the Global South includes countries whose economies are not yet fully developed and are facing challenges, such as low per capita income, excessive unemployment, and a lack of valuable capital — such as technology, Antara reported.

“Global South” refers broadly to the regions of Latin America, Asia, Africa, and Oceania.

According to director general of the Confederation of Indian Industry (CII), Chandrajit Banerjee, India, through its presidency of the G20 this year, wants to further voice the interests of the Global South countries.

“We want to be ‘the voice’ of the Global South, and we want to really focus and start from India and also make a strong commitment toward integrating with Africa,” he said.

For this reason, India is seeking to accelerate Africa’s integration into the global economy by making the African Union a member of the G20, he added.

He informed that one of these efforts will be carried out through the business sector task force formed by India as part of its G20 presidency, namely the B20 India Action Council for African economic integration.

According to the CII, a number of efforts will be made by India to support African economic integration, including promoting stronger human capital outcomes across health, education, and skill; transforming agriculture and food systems to sustainably improve productivity, food security, and nutritional levels; supporting trade to harness the potential of integration into regional and global value chains; and bridging the physical and digital connectivity gaps by supporting the provision of investment infrastructure.

The CII, as the B20 Secretariat, is supporting the organisation of various B20 India meetings under the grand theme RAISE, which stands for “Responsible, Accelerated, Innovative, Sustainable, and Equitable” businesses.

Business 20 (B20) is the official G20 dialogue forum for the global business community.

Earlier, Prime Minister Narendra Modi had written to G20 counterparts to provide African Union with full membership at the upcoming G20 Summit in the national capital, New Delhi.

Prime Minister Modi firmly advocates and supports the Africa cause and has led from the front in this matter. This will be the right step towards a just, fair, more inclusive and representative global architecture and governance sources added.

Prime Minister Modi is also a strong believer in holding a greater voice of the Global South countries on international platforms, particularly of African countries, noted the sources.

As part of India’s G20 Presidency, he has particularly focused on incorporating priorities of the African countries in the G20 agenda, they added.

Earlier, while addressing the 18th CII-EXIM Bank Conclave in Delhi, External Affairs Minister S Jaishankar said Africa occupies an important place in India’s Foreign Policy and during the last nine years, this has been consciously stepped up under the direction of PM Modi, External Affairs Minister S Jaishankar said on Wednesday in the national capital.

The minister added that India’s engagement with Africa has been strengthened under the guidance of Prime Minister Modi. (with inputs from agencies)

ALSO READ: G20 digital economy working group meet begins

Categories
-Top News Africa News USA

US Prioritises diplomacy for Niger coup: Blinken

Blinken’s remarks came at a time when tensions continued to build up in and around the west African nation….reports Asian Lite News

US Secretary of State Antony Blinken has said that the US is still “very focused on diplomacy” as the tool to solve the ongoing political crisis in Niger resulting from an attempted coup by a junta.

“We remain very focused on diplomacy for achieving the results that we want, which is the return to the constitutional order,” Blinken told reporters during a press briefing at the State Department, adding that he believed there continues to be space for diplomacy in achieving that result.

Blinken’s remarks came at a time when tensions continued to build up in and around the west African nation. A regional bloc announced on Thursday the activation and deployment of a “standby force to restore constitutional order” in Niger, Xinhua news agency reported.

The decision was made by the presidents and senior officials of member countries of the Economic Community of West African States (ECOWAS), as they concluded a summit meeting in Abuja, Nigeria, to address the situation in Niger.

Blinken said that the US still considers it “imperative” that the coup leaders in Niger release the country’s ousted president, Mohamed Bazoum, and his family from detention, and that Niger should return to constitutional order.

To that end, the US is “in strong support of what ECOWAS is doing”, he said.

As for whether Washington would support the use of force threatened by ECOWAS, Blinken said he would not “get ahead of where we are now or get into any hypotheticals about what may happen in the future”.

ALSO READ: US-India ties deeper, more expansive than ever, says Blinken

Categories
-Top News Africa News China

Red flags over chinese  FDI in Africa

It’s high time for African Countries to guard against adverse terms and conditions of Chinese assisted projects. There is no doubt that with growing Chinese FDI in African countries, the latter were prompted to enhance partnership with the former for a win-win benefit to both the sides. In spite of the fact that China’s investment in Africa significantly promotes the host country’s economic growth and development, it inevitably destroys the local environment to different degrees depending on the quality of political, legal and administrative set-ups in the recipient countries … writes Dr Sakariya Kareem

Notwithstanding Chinese investment in Africa sparking economic growth and some positive social outcomes across the continent, a 2021 research paper from the United Nations University revealed that regions hosting Chinese projects are more likely to experience protest. China’s financial involvement in the continent has grown dramatically since the launch of the Forum on China-Africa Cooperation (FOCAC) in 2000 and the China-Africa Development Fund in 2006. Today, China is Africa’s largest trading partner and it has spent an estimated USD 350 billion on development programmes in the continent between 2000 and 2014.

African countries are resource-rich but capital deficient. They seek Chinese investment for exploiting their natural resources and developing their railroad networks to connect various ports and cities for trade and commerce.

But given their weak institutional framework and corruption of self-seeking and vulnerable politicians, Chinese investment often ends up in the hands of a select few among the ruling elites while people do not benefit as much.

Such anomalies often propel people into protest. There are various instances of protests in the past against Chinese-assisted projects in Africa and some of them have been cancelled due to protracted controversies. Recently, Tanzania cancelled its deal with China for the construction of the Bagamoyo Port project on the pretext of skewed Chinese terms and conditions and irreconcilable differences after nine years of negotiation. The agreement had been signed in 2013.

Another such episode of skewed Chinese terms and conditions came to light in Kenya in 2022 with regard to China assisted 473 km Standard Gauge Railway (SGR) project connecting the port city of Mombasa with Nairobi. The project agreed by the previous government is now being put to scrutiny for highly skewed terms and conditions in favour of China including giving priority to China in related purchases, giving mandatory favourable customs clearing facility to China and provision for creating a Railway Development Fund for repayment of Chinese loans by dedicating 42.06% of SGR proceeds.

In the case of Tanzania’s Bagamoyo port project, the skewed Chinese terms and conditions included taking over the port on a 99-year lease with complete monopoly on construction and operation and exclusive rights for transportation of copper from Zambia, by TAZARA to Bagamoyo port for further transportation to China. The terms also included complete control over the logistic facility.

In fact, this is not a new phenomenon. The Chinese investment in many other African countries also came under scanner in the past for being opaque and skewed besides being exploitative of indigenous workers and causing social and environmental dislocations. People’s protest in such cases is frequent.

In the Kenyan archipelago of Lamu, for instance, residents and local businesses recently managed to block a proposed Chinese coal power plant on the pretext that the project might affect the local tourist industry. People in Gambia have protested against Chinese fish factories, which have drained waste into nearby wildlife reserves, hurting the local fish industry and the environment. In 2012, Zambian workers protested against low pay and hazardous working conditions in Chinese-run mines and even killed a Chinese manager.

All this happens because of opaque and skewed terms and conditions giving Chinese investors more control on the implementation and operation of the projects and lack of accountability due to corruption, poor governance and weak institutions which China influences through underhand deals. Another research from the UN University has concluded that compared to World Bank aid, Chinese finance is prone to be used by local elites to pursue their own interests and obtain many of the benefits mainly because of a lack of transparency in loan conditions and China’s indifference in the domestic affairs of the host countries. The projects are allocated to Chinese investors often without proper impact assessments. The local people also do not have confidence in their governments and institutions suspecting involvement in corruption and underhand deals, so they resort to protest to safeguard their labour and human rights demanding accountability from their respective governments.

There is no doubt that with growing Chinese FDI in African countries, the latter was prompted to enhance its partnership with the former for a win-win benefit to both sides. In spite of the fact that China’s investment in Africa significantly promotes the host country’s economic growth and development, it inevitably destroys the local environment to different degrees depending on the quality of political, legal and administrative set-ups in the recipient countries. It is now well-documented how China’s significant investment in Africa’s mining industry accelerates the rapid consumption of non-renewable resources eventually causing a series of environmental problems.

Some large hydropower projects funded by China rarely consider the negative impact on the local environment and society. Instead of improving the local power supply, they do significant damage to the local agricultural production environment. All these side-effects of the Chinese FDI adversely affect the livelihood and habitats of African people.

In 2013, more than 1 million cubic meters of timber from Mozambique were brought into China through illegal channels and this continued later on a larger scale from other countries. Fishing in West African waters has also been affected by overfishing by Chinese companies. In the case of Sudan, the construction of the Malloway dam has led to clashes between local governments and residents. The majority of Chinese enterprises ignore international environmental and social standards while constructing roads, bridges, railways and dams and this is why they have led to environmental destruction, air and water pollution and extinction of rare species.

All the failings on the side of Chinese investors do not mean that African countries should close their doors to them, but they need to avert becoming victims of the skewed terms and conditions of the Chinese companies. The governments of these countries need to be cautious about the over-exploitation of their natural and human resources by Chinese companies which at best brings asymmetric benefits and leads to the violation of the rights of the local people.

ALSO READ-India urges peace in South China Sea

Categories
-Top News Europe

Russia seeks Turkey’s help for sending food to Africa

The mood for cooperation in this area with Turkey and other interested states was expressed,” Russian President’s office said in a statement…reports Asian Lite News

After terminating the United Nations-backed Black Sea Grain Initiative last month, Russia is looking at Turkey to facilitate unimpeded exports of its food and fertilizer to the world markets, in particular the starving countries of Africa and South Asia.

Russian President Vladimir Putin and his Turkish counterpart Recep Tayyip Erdogan tried to work out on “reliable options” for the supply of Russian grain to African countries during their phone call on Wednesday. The two leaders also agreed that Putin would visit Turkey soon.

The Kremlin stated that Putin outlined Russia’s principled position in connection with the termination of package agreements on the export of Ukrainian grain from the Black Sea ports and the unblocking of Russian food and fertilizer supplies.

He told Erdogan that the extension of the grain deal had “lost its meaning” in view of a “complete lack of progress” in the implementation of the Russian part of the agreement and Moscow would return to the deal as soon as all the obligations are fulfilled.

“It was emphasized that, taking into account the needs of the countries most in need of food, reliable options for the supply of Russian grain, including on a gratuitous basis, are being worked out. This issue was substantively discussed at the second Russia-Africa summit recently held in St. Petersburg . The mood for cooperation in this area with Turkey and other interested states was expressed,” Russian President’s office said in a statement.

Erdogan had been in talks with Putin and Ukrainian President Volodymyr Zelensky on the formation of secure corridors via the Black Sea for grain export long before the initiative between Russia, Ukraine and Turkey was signed in July 2022.

The grain deal allowed significant volumes of exports with the Ukrainian pilot vessels guiding the ships through the Black Sea, after which they headed out through the Bosphorus Strait, passing Istanbul, along an agreed corridor.

On Friday, besides stressing the need to “avoid steps that would escalate the Russian-Ukrainian war”, the Turkish President also spoke to Putin on the importance of the Black Sea initiative, which he considered as a “bridge of peace”.

“President Erdogan pointed out that stopping the grain withdrawal initiative across the Black Sea for a long time will not be in the interest of any party, and that the greatest harm will be inflicted on needy and low-income countries. He pointed out that grain prices, which fell by 23% during the validity period of the initiative, increased by 15% in the past two weeks,” Turkish Presidency stated after the phone conversation between the two leaders.

As reported by IndiaNarrative.com last week, Russia has promised to replace Ukrainian grain to the “most needy African countries” – both on a commercial basis, and in the form of gratuitous assistance.

Putin emphasised the Kremlin’s commitment to countries of the African continent during the Second Russia-Africa Summit held in Saint Petersburg on July 27.

ALSO READ-Rough patch for Pakistan’s much-hyped oil deal with Russia

Categories
-Top News India News

AU’s membership in G20 positive move, says Tunisian ex-PM

Jomaa further said that the G20 presents a unique opportunity to ensure a common prosperous future for all…reports Asian Lite News

Former Prime Minister of Tunisia, Mehdi Jomaa on Tuesday said the African Union’s permanent membership in the G20 is a positive development that Prime Minister Narendra Modi has advocated.

“The permanent membership of the African Union in the G20 is a very positive development that Prime Minister Modi has advocated for,” the former Tunisian Prime Minister said while speaking on Day 2 of the Think20 (T20) Summit in Mysuru on Tuesday. “Africa,” he continued, “is well positioned to become an emerging multi-sector corridor which fosters innovation, development and multilateralism.”

The T20 is an official Engagement Group of the G20, and serves as an “ideas bank” for the G20 by bringing together think tanks and high-level experts to deliberate on relevant policy issues. Observer Research Foundation (ORF) is serving as the T20 Secretariat during India’s Presidency of the G20.

Jomaa further said that the G20 presents a unique opportunity to ensure a common prosperous future for all.

Meanwhile, Policy Advisor of the a2i Programme, ICT Division and the Cabinet Division of the Government of Bangladesh, Anir Chowdhury, while speaking on Bangladesh’s efforts at innovating technology and data for development, said that while Bangladesh started the data journey late, it picked up pace during COVID-19 for symptom mapping and providing better access to vaccines.

“Companies now have task forces on Al to contend with the multifarious challenges that the ubiquitous technology brings,” noted Mahima Kaul, Head of Public Policy, APAC, Bumble.

Founder and CEO, Girlhype Women Who Code, South Africa, Baratang Miya, while speaking on day 2 of the T20 Summit, said that the verification of content online will become an important question that will require answers as Al becomes more accessible.

“Who is going to lead the technology conversation – private companies, public enterprises, or academia and civil society? We need a confluence of all of them,” averred Erin Watson, Founder and Managing Director, Baker & York, Australia.

Sharad Sharma, Co-Founder, iSPIRT Foundation, noted: “Techno-legal regulation is our true test of democracy in the emerging tech times marked by disruptive forces like AI.”

In the session on Lifestyle for Environment (LiFE) and shaping a new paradigm for sustainable development, Eenam Gambhir, Joint Secretary (G20), Ministry of External Affairs, pointed out India’s efforts at putting development at the heart of all G20 processes.

“Even if we sit at the same table, we have differentiated responsibilities due to differentiated vulnerabilities,” noted Gladys Lechini, Professor, International Relations, National University of Rosario, Argentina.

Sachin Chaturvedi, Member, T20 India Core Group and Director General, Research and Information System for Developing Countries, India, said, “New technologies and sustainable production are critical to enable a Lifestyle for Environment.”

“India has been able to lower emissions only because of the lifestyle choices we have been able to make,” he continued.

Over 200 participants from 35 countries and nearly 110 institutions are being hosted at the T20 Summit. The delegates include ministers, diplomats, policy planners, heads of think tanks and research institutions, civil society organisations, and eminent thinkers whose collective agency will ensure rich and diverse discussions at the Summit.

The T20 Summit is hosted by the Observer Research Foundation under the aegis of India’s G20 Presidency. (ANI)

ALSO READ-At G20 meet, PM lauds role of women in startups