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BRICS reach deal over development bank

BRICS reach deal over development bank

The BRICS grouping of emerging powers have reached a deal to establish a development bank that would rival Western-backed institutions, reports Al Jazeera. “It’s done,” South African Finance Minister Pravin Gordhan said after meeting with his counterparts from Brazil, Russia, India and China. “We made very good progress, the leaders will…

Former Zambia President Rupiah Banda Arrested, Passport Confiscated

Former Zambia President Rupiah Banda Arrested, Passport Confiscated

The Government Joint Investigative Team (GJIT) in Lusaka has arrested former president Rupiah Banda and also seized his passport. Both GJIT spokesperson and Banda’s lawyers confirmed the arrest in separate interviews today and said the former Head of State had been released on police bond in his own recognisance. Banda…

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