The outlook for the #economy across #Africa this year is looking cautiously positive, according to this year’s African #EconomicOutlook 2018. One of the key points to come from this year’s study is that, overall, the African economy is still growing. Abebe Shimeles, the acting Director and Manager of Development Research Division at the African Development Bank, underlined that growth remains in the double digits, which is good. However, Africa is still lagging behind the others.


#AfricanDevelopment #EconomicGrowth #EconomicDevelopment #Economy
#Africaneconomy 2018: cautiously positive
http://en.rfi.fr/africa/20180126-african-economy-2018-cautiously-positive

#Brazil, #Russia, #India, #China and #SouthAfrica - representing about 40% of the world’s population and almost a quarter of its output, think it’s time for a change in how things are done. After a 3-day summit in Johannesburg, the #BRICS nations said they want a fairer, more representative global order in diplomacy and trade just as #China, the biggest member, faces billions of dollars of extra US tariffs.

They also seek reforms at the #UnitedNations, the UN Security Council and the #InternationalMonetaryFund to better represent #developingnations, and have asked that members of the #WorldTradeOrganization - including the US - abide by #WTO rules as the multilateral trading system faces 'unprecedented challenges.'


#WorldEconomy #Economy #Geopolitics #ForeignPolicy #Diplomacy #Politics #InternationalRelations #EconomicRelations #EconomicCooperation #ForeignRelations #EconomicDevelopment #AfricanEconomies #AfricanDevelopment #AfricaChina #Africa
China, South Africa and other BRICS countries push for a shift in the world order amid Trump trade threats
https://businesstech.co.za/news/business/261571/china-south-africa-and-other-brics-countries-push-for-a-shift-in-the-world-order-amid-trump-trade-threats/

If last week’s love-fest with Europe’s leaders was not emphatic enough, #XiJinping’s travels this week through #Africa, culminating with the #BRICs summit in #SouthAfrica, showed determination to set China’s own trade agenda, to set it in its own time, and to set it far from Washington’s Twitter-storms. Xi visited two countries on his way to South Africa - #Senegal and #Rwanda, which the World Bank ranks as the 161st and 171st richest countries in the world by per capita GDP.

The choice of Senegal and Rwanda is also a significant indicator of Beijing’s strikingly long-term planning vision. Anyone looking to build strong businesses in either country can only see bleak prospects in the short term. But take a 40- or 50-year view, and such economies can make sense.


#WorldEconomy #Economy #Geopolitics #ForeignPolicy #Diplomacy #Politics #InternationalRelations #EconomicRelations #EconomicCooperation #ForeignRelations #EconomicDevelopment #AfricanEconomies #AfricanDevelopment #AfricaChina #China
Xi Jinping’s visit shows why investment in Africa suits China’s long-term planning
https://www.scmp.com/comment/insight-opinion/hong-kong/article/2157027/xi-jinpings-visit-shows-why-investment-africa