South Africa

Middle Eastern investors pour into Africa

Jason Mitchell February 19, 2024

Middle Eastern investment into Africa is becoming one of the most important sources of new capital, with projects valued at more than $53bn announced in 2023.

Serbia prepares for new push into African markets

Clare Nuttall in Glasgow February 8, 2024

Serbian Chamber of Commerce head says Africa is a market of the future thanks to demographics, rising purchasing power and natural resources.

Number of Russian dollar millionaires falls by a quarter, to last place amongst the BRIC countries

bne IntelliNews January 31, 2024

The number of dollar millionaires residing in Russia is down by a quarter (24%) since 2013, to 68,400 high net-worth individuals, ranking Russia last amongst the five BRICS countries.

Climate Crisis to be become greatest global risk

Felix Richter of Statistia January 15, 2024

Over the next ten years, climate change and its consequences will pose the greatest risk to the world. That’s according to roughly 1,500 global experts.

COP28 leader defends controversial remarks

by Roberta Harrington in Los Angeles December 6, 2023

Sultan al-Jaber, the oil executive who is leading the COP28 climate summit in Dubai, has rocked the conference with highly controversial remarks that there is “no science” that phasing out fossil fuels is necessary.

COP28 – what will be the main battles?

by Roberta Harrington in Los Angeles November 29, 2023

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

by Roberta Harrington in Los Angeles November 29, 2023

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

bne IntelliNews November 24, 2023

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).