Global cocoa prices have come down after two years of rising costs. At the end of 2024, the price of cocoa almost hit US$12 000 per tonne. Now, it has dropped to around US$5 000 per tonne. That is a drop of more than 50% in just one year. Follow us on WhatsApp | LinkedIn…
The global development conversation is stuck in a loop. Advanced economies preach open markets while quietly erecting trade barriers. Institutions created to promote growth increasingly struggle to command legitimacy. For developing countries, the promise of modernisation now feels conditional, delayed, or selectively applied. It is within this context that China’s approach to modernisation — anchored…
Accra, 19th December; In a landmark moment for the global reparations movement, President John Dramani Mahama of Ghana welcomed a special delegation of leading advocates and experts from across the African diaspora to align on a unified, intercontinental reparations agenda. The group, which comprises experts from Africa, the Caribbean, Europe, Latin America and the United…
Nairobi — India sees Africa not just as a source of opportunity, but also as a strategic partner in shaping the world’s future, India’s High Commissioner to Kenya, Adarsh Swaika, said on Thursday. Speaking at his first engagement with Kenyan media since assuming office, Swaika said New Delhi’s engagement with African countries, including Kenya, is…
Megaport Limited (ASX: MP1) (“Megaport”), the world’s leading Network as a Service (NaaS) provider, today announced the acquisition of Extreme IX,India’s leading Internet Exchange operator, from Extreme Labs, a Bulgaria-headquartered software and network engineering company that incubated the Extreme IX platform. The acquisition expands Megaport’s global platform into one of the world’s fastest-growing digital infrastructure…
In October, a small electronics manufacturer in the western Indian state of Gujarat shipped its first batch of chip modules to a client in California. Kaynes Semicon, together with Japanese and Malaysian technology partners, assembled the chips in a new factory funded with incentives under Indian Prime Minister Narendra Modi’s $10bn semiconductor push announced in…
India has stepped up diplomatic efforts to deepen its engagement with countries across the Global South, as Prime Minister Narendra Modi continues a multi-nation tour aimed at strengthening political and economic partnerships beyond traditional Western allies. Mr Modi’s ongoing visits to Jordan, Ethiopia and Oman underscore New Delhi’s strategy of building closer ties with emerging…
Ethiopia and India have reaffirmed their commitment to strengthening Africa’s voice in global decision-making, said Sudhakar Dalela, Secretary (Economic Relations) in India’s Ministry of External Affairs. Speaking to the media after Prime Minister Narendra Modi’s visit to Ethiopia, Dalela highlighted the warm reception by Ethiopian Prime Minister Abiy Ahmed and described the discussions as “productive…
The Johannesburg Stock Exchange listed three new exchange-traded funds, giving South African investors broader access to global equities, multi-asset strategies, and international property markets, per African Markets report. The listings include two actively managed ETFs from Allan Gray in partnership with Orbis, and a global property feeder ETF from Satrix. All three products are rand-denominated…
Nairobi — A new study and interactive dashboard released today in Nairobi at the seventh session of the United Nations Environment Assembly (UNEA) finds that current international financial flows remain billions of dollars short of what is required to achieve the global biodiversity target of protecting and conserving at least 30 percent of the world’s…
