A Russian tank in a firing exercise field. Photo/AFP By The East African Countries. Yet, new details show that arms supply is just as much the bloc’s area of specialisation, to eastern African countries. The Brics arms race, it turns out, is already playing out in eastern Africa as new data indicates that in 2021

Estate agent signs are seen outside residential housing in South London, Britain, August 7, 2023. Photographer Alishia Abodunde By Reuters British house prices in August were 5.3% lower than a year earlier, their biggest annual decline since July 2009 as higher interest rates reduced demand from buyers, mortgage lender Nationwide said on Friday. Prices dropped

A view of a gas plant seen from the desert road of Suez outside Cairo, Egypt. Credit Reuters By Xinhua News Agency Egypt is planning to drill 35 new natural gas wells in the Mediterranean Sea and the Nile Delta in the next two fiscal years to boost its natural gas production, the Egyptian Cabinet

China’s President Xi Jinping is welcomed at the Union Buildings ahead of the opening remarks of the BRICS emerging economies meeting, in Pretoria, South Africa August 22, 2023. Reuters/Alet Pretorius By Reuters African countries want China to shift its focus from building infrastructure on the continent to local industrialisation, China’s top Africa diplomat said on

L-R: India’s Prime Minister Narendra Modi, China’s President Xi Jinping, South Africa’s President Cyril Ramaphosa, Russia’s President Vladimir Putin and Brazil’s President Michel Temer pose for a group picture during the 10th Brics summit at the Sandton Convention Centre in Johannesburg, South Africa on July 26, 2018/AFP By AFP Brics leaders meet in South Africa

By Reuters BRICS leaders meet in South Africa next week to discuss how to turn a loose club of nations accounting for a quarter of the global economy into a geopolitical force that can challenge the West’s dominance in world affairs. Russian President Vladimir Putin, who faces an international arrest warrant over alleged war crimes

Sheets of the newly designed Russian 100-rouble banknotes are seen at the Goznak printing factory in Moscow, Russia July 6, 2022. Moscow News Agency/Handout via Reuters By Reuters President Vladimir Putin’s economic adviser rebuked the central bank on Monday as the rouble slid past 101 per U.S. dollar, blaming its 30% year-to-date slump on loose

Jim Ovia. Photo: James Hope University By Face2Face Africa Meet Jim Ovia; he is the founder of Zenith Bank, one of Nigeria‘s largest commercial banks. He started the bank in 1990 with $4 million with a single branch. Today the bank has shareholders’ funds of $3.03 billion and a total asset base of over $22.8

Rwanda President Paul Kagame at the Women Deliver 2023 Conference in Kigali, Rwanda on July 17, 2023. Photo/Pool By The East African East African economies are forecast to grow at a higher rate than continental peers, but global shocks and political uncertainties could threaten the momentum. A new report by the African Development Bank (AfDB)

A pedestrian carrying an umbrella walks near the Bank of England in the City of London, Britain, July 30, 2023. Photographer Hollie Adams/File Photo By Reuters The Bank of England is expected to raise interest rates to a 15-year high of 5.25% from 5% on Thursday, though there is a risk of a repeat of