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South Caucasus News

Iraqi airline starts flights to Baku


Iraqi Airways is starting regular flights to Heydar Aliyev International Airport

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South Caucasus News

NPR News: 11-19-2023 12AM EST


NPR News: 11-19-2023 12AM EST

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Audio Review - South Caucasus News

G20-Led Summit for Africa Highlights Renewed Interest in Fast-Growing Continent


Leaders from more than a dozen African countries are heading to Germany for the G20 Compact with Africa conference, which aims to help bolster private investment in the world’s poorest, but fast-growing, continent.

Underscoring renewed interest in Africa, European Commission President Ursula von der Leyen, French President Emmanuel Macron and Dutch Prime Minister Mark Rutte will be among those attending the summit in Berlin, hosted by German Chancellor Olaf Scholz, according to German government officials.

Scholz, who has visited Africa several times since taking office in late 2021, will hold bilateral talks with several African countries on Sunday, before hosting a German-African investment summit at Berlin’s Marriott Hotel on Monday morning.

Europe and the United States are jostling with Russia and China for geopolitical influence, critical minerals and new economic opportunities in the world’s second most populous continent.

Those include Africa’s potential for renewable energy production, in particular green hydrogen, that could help its northern neighbor’s transition to a carbon neutral economy. The stability and prosperity of the continent is also seen as key to reducing illegal migration.

The Compact with Africa, which was created in 2017 under the German G20 presidency, aims to bring together reform-minded African countries, international organizations and bilateral partners to coordinate development agendas and discuss investment opportunities.

The event officially takes place on Monday afternoon in the German chancellery, preceded by a news conference with leaders of the African Union, which in September was made a permanent member of the group of the G20 group of the world’s most powerful countries.

“We will not make a common declaration, we do not want to force our African partners into a tight corset,” a German government official said Friday. “Instead, we want concrete results.”

German government officials say Africa can play a key role in helping Germany better diversify its supply chains, secure skilled labor, reduce illegal migration and achieve its green transition.

African countries have long complained that while Europe talks about investment, China actually provides financing without any moral lecturing. Still, Chinese lending in Africa is in decline, while European interest is rising as it seeks to diversify supply chains.

German trade with Africa was 60 billion euros ($65.4 billion) last year, which is a fraction of its trade with Asia but up 21.7% on 2021.

Nearly two thirds of German companies want to expand their business in Africa, according to a study by KPMG and the German-African Business Association.

The member countries of the G20 Compact are Morocco, Tunisia, Egypt, Senegal, Guinea, Ivory Coast, Ghana, Togo, Benin, Burkina Faso, Rwanda, Democratic Republic of Congo and Ethiopia. 


Categories
South Caucasus News

G20-Led Summit for Africa Highlights Renewed Interest in Fast-Growing Continent


Leaders from more than a dozen African countries are heading to Germany for the G20 Compact with Africa conference, which aims to help bolster private investment in the world’s poorest, but fast-growing, continent.

Underscoring renewed interest in Africa, European Commission President Ursula von der Leyen, French President Emmanuel Macron and Dutch Prime Minister Mark Rutte will be among those attending the summit in Berlin, hosted by German Chancellor Olaf Scholz, according to German government officials.

Scholz, who has visited Africa several times since taking office in late 2021, will hold bilateral talks with several African countries on Sunday, before hosting a German-African investment summit at Berlin’s Marriott Hotel on Monday morning.

Europe and the United States are jostling with Russia and China for geopolitical influence, critical minerals and new economic opportunities in the world’s second most populous continent.

Those include Africa’s potential for renewable energy production, in particular green hydrogen, that could help its northern neighbor’s transition to a carbon neutral economy. The stability and prosperity of the continent is also seen as key to reducing illegal migration.

The Compact with Africa, which was created in 2017 under the German G20 presidency, aims to bring together reform-minded African countries, international organizations and bilateral partners to coordinate development agendas and discuss investment opportunities.

The event officially takes place on Monday afternoon in the German chancellery, preceded by a news conference with leaders of the African Union, which in September was made a permanent member of the group of the G20 group of the world’s most powerful countries.

“We will not make a common declaration, we do not want to force our African partners into a tight corset,” a German government official said Friday. “Instead, we want concrete results.”

German government officials say Africa can play a key role in helping Germany better diversify its supply chains, secure skilled labor, reduce illegal migration and achieve its green transition.

African countries have long complained that while Europe talks about investment, China actually provides financing without any moral lecturing. Still, Chinese lending in Africa is in decline, while European interest is rising as it seeks to diversify supply chains.

German trade with Africa was 60 billion euros ($65.4 billion) last year, which is a fraction of its trade with Asia but up 21.7% on 2021.

Nearly two thirds of German companies want to expand their business in Africa, according to a study by KPMG and the German-African Business Association.

The member countries of the G20 Compact are Morocco, Tunisia, Egypt, Senegal, Guinea, Ivory Coast, Ghana, Togo, Benin, Burkina Faso, Rwanda, Democratic Republic of Congo and Ethiopia. 


Categories
South Caucasus News

Thousands of Chileans Protest in front of Parliament to stop War in Gaza


Thousands of pro-Palestinian protesters gathered in front of the Chilean parliament building in Santiago on Saturday, demanding an immediate end to Israel’s military offensive in Gaza.

The demonstrators waved Palestinian flags, chanted slogans and held signs that read “Stop the genocide in Gaza” and “Chile supports Palestine”. They also denounced the Chilean government’s silence on the ongoing conflict and urged it to take a more active role in promoting a peaceful solution.

The protest was organized by various social and political groups, including the Palestinian Federation of Chile, the largest Palestinian community outside the Middle East.

According to the organizers, more than 12000 people participated in the march, which was peaceful and without incidents. The protesters also expressed their solidarity with the Palestinian people and their right to self-determination and statehood.


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South Caucasus News

EURO-2024: Azerbaijan’s national team to face Belgium


Today, the Azerbaijani national team will play its last match in the qualifying round of EURO-2024.

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South Caucasus News

Families resettled in Zabukh received keys to flats


Another migrant caravan sent from Gobu park 3 residential complex of Garadagh district of Baku city to Zabukh village of Lachin district has reached its destination. Recently resettled families were handed keys to flats, Azernews reports.

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South Caucasus News

Armenia has no other choice but peace


There is no more room for making claims or provocations – the Armenian lobby has focused all its attention on the US Congress and a group of unrecognized corrupt politicians. Three days ago, the separatist Armenians, who received their deserved answer at the International Court of Justice, resorted to new methods, including alluring new politicians by bribing them.

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South Caucasus News

Afghan master chef fears for future after treating generations of … – Arab News


Afghan master chef fears for future after treating generations of …  Arab News

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South Caucasus News

FM: Slovakia not to back sanctions against Russia’s nuclear fuel


Slovakia plans to object to putting fuel for nuclear power plants on the EU’s 12th package of sanctions against Russia