South Africa
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COP28 – what will be the main battles?
As around 70,000 people descend on Dubai for COP 28, the warnings signs of the climate crisis are clear. So far this year has been the hottest ever, and the future looks bleak.
Host UAE planned to use COP28 for oil deals
COP28 host, the United Arab Emirates, has planned to use its status at the UN annual climate conference in Dubai to make new oil and gas deals with as many as 15 member nations, according to leaked briefing documents obtained by the BBC.
Russian metals major Nornickel selling stake in Nkomati JV in South Africa to African Rainbow Minerals
Norilsk Nickel (Nornickel), a Russian nickel and palladium mining and smelting company, has entered into an agreement to transfer its 50% stake in the Nkomati Joint Venture in South Africa to African Rainbow Minerals (ARM).
Africa’s massive unbanked population creates huge opportunities for incumbent banks and fintech start-ups
Africa has the most profitable banking sector in the world and its massive unbanked population is creating enormous opportunities for incumbent banks and fintech companies alike.
INTERVIEW with Christine Williams: Loadshedding is just a symptom of a much bigger problem that Eskom is now expected to resolve
Loadshedding is just a symptom of a much bigger problem that Eskom is now expected to resolve, said Christine Williams during an exclusive AfrElec interview.
Turkish power generator Karpowership to start supplying South Africa electricity in 2024
Turkey’s power generator Karpowership, which has the world's largest fleet of floating power stations, expects to start producing 450 MW of electricity in South Africa in 2024.
Saudi Arabia hosts kingdom's first Africa summit, to boost ties, promote stability
Saudi Arabia is hosting its first ever Africa Summit, underscoring Crown Prince Mohammed bin Salman's (MbS) growing focus on African affairs.
IMF: China’s slowdown will hit sub-Saharan growth
China has forged deep economic ties with countries in sub-Saharan Africa over the past 20 years, making it the region's largest single country trading partner so China's economic slowdown will hurt Africa.
List of new BRICS+ members will be presented at 2024 summit in Russia
A list of new BRICS+ candidates will be presented at the next meeting of the group, in the Russian region of Kazan summit in 2024, Pavel Knyazev, Russia's Foreign Ministry ambassador-at-large, told Tass.
Earth’s energy imbalance – world is starting to cook
The earth’s energy is out of balance and the world is starting to cook, says a new report. The authors include James Hansen, who testified to the US Congress on global heating as long ago as 1988.
Planet’s health is in danger zone
Six of nine key planetary ‘health boundaries’ have been crossed, said researchers in a new report.
G20 underlines that fracturing is becoming a reality
The G20 summit which concluded yesterday in New Delhi supported our view that the global economy is fracturing into US and China-led blocs, and that India still leans to the former.
bneGREEN: The climate crisis is here, the ecosystem is starting to collapse
The climate crisis is here and the world’s ecosystem has already started to collapse. This summer has been marred by all-time record temperature highs, destructive flash flooding and record storms. Is it too late to stop a disaster?
G20 statement on Ukraine war fails to impress
Prime Minister Narendra Modi announced that the G20 members had agreed on a statement on the war in Ukraine, in what should have been a diplomatic coup for Delhi that is hosting and chairing the G20 this year. But Ukraine was less than happy.
UN report: two years left to reduce emissions and avoid global disaster, and we probably won't make it
We have two years to fix the climate and reach the Paris accord emission targets, according to a UN global stocktake report, and we are not going to make it.
West to back India-Middle East-EU transport corridor
India and Saudi Arabia have agreed on a deal with the EU and US to build a India-Middle East-EU transport corridor that would tie their economies more closely together and rival China’s Belt and Road Initiative.
bneGREEN: Carbon offset market shrinks
Carbon offset markets have decreased for the first time since 2016, with companies such as food giant Nestle, the fashion house Gucci and Shell reducing their purchases of such voluntary offsets.
China's standard map scandal undermines BRICS+ unity ahead of key G20 summit
It has been only a week since the BRICS summit in South Africa was supposed to unite the emerging markets against the Western hegemony, but a new "standard map" from China has caused a nasty row over borders ahead of a key G20 summit.
bneGREEN: ExxonMobil says world will fail to meet Paris goal in 2050
Oil supermajor ExxonMobil says that the world will fail to meet the Paris Agreement goal to keep global warming below 2 degrees Celsius by 2050.