Access to affordable financing is one of the biggest barriers for Micro, Small, and Medium Enterprises (MSMEs) in Africa. In Nigeria, MSMEs are facing an annual credit gap of approximately $158 billion, this limits their capacity to scale operations and invest in innovation. Similarly in Uganda, the small businesses constantly
For decades, the automotive industry has been dominated by a few heavyweights. The United States produced iconic giants like Ford, Europe proudly displayed brands such as BMW and Mercedes-Benz, while Japan showcased the reliability of Toyota. A seismic shift is however underway in the automotive landscape, and at the centre
Fawzia Moodley India’s contribution and participation at the 16th BRICS Summit held last month underlines the influence and stature of the world’s largest democracy in global affairs.As a founding member of BRICS, India has been a pivotal part of this grouping, which seeks to promote multilateralism in an increasingly polarised
Fawzia Moodley India’s contribution and participation at the 16th BRICS Summit held last month underlines the influence and stature of the world’s largest democracy in global affairs.As a founding member of BRICS, India has been a pivotal part of this grouping, which seeks to promote multilateralism in an increasingly polarised
In the Middle East, the United Arab Emirates (UAE) has become a shining example of socioeconomic change, defying long-standing patriarchal conventions while juggling the challenges of modernisation and cultural preservation. The UAE has implemented a number of progressive changes over the last few decades that have changed the socioeconomic landscape,
Ethiopia is rapidly using its alliances within the BRICS+ bloc to further its digital agenda as it positions itself as a major role player in Africa’s digital transformation. Ethiopia’s goal of becoming a digitally-driven economy in a time of fast technological growth depends on partnerships with significant rising economies. Digital
By Helmo PreussA gold-backed BRICS common currency is unlikely in the short term as it would require a synchronised monetary policy, experts say.The Centre for European Policy Analysis (CEPA) held a preview of the 16th BRICS Summit to be held in Kazan, Russia from 22 to 24 October.It featured Irina
By Helmo PreussA gold-backed BRICS common currency is unlikely in the short term as it would require a synchronised monetary policy, experts say.The Centre for European Policy Analysis (CEPA) held a preview of the 16th BRICS Summit to be held in Kazan, Russia from 22 to 24 October.It featured Irina
During the early years of the Russia and Ukraine war, a stage was set for a more divided world. Russia was cut off from the global infrastructure ranging from the internet and global payment system, SWIFT. Russia was ready for these changes. As a result the country could continue without
The Free Market Foundation recently took a well-aimed swing at the BRICS currency proposal. As with most things related to BRICS, we have to look below the surface to determine if the criticism is valid. Nicholas Woode-Smith says the BRICS currency proposal is “a misguided venture doomed to fail”. He