AU’s full integration in the G20 is part of an effort to give the African continent a stronger voice on issues such as climate change, energy transition, and the debt of developing countries.
Members of the Group of 20, which gathers the world’s largest economies, have reached an agreement to grant the African Union (AU) a permanent membership within the group. The news was unveiled Thursday by Bloomberg, which cited sources close to the matter.
Leaders of G20 member countries are expected to officially announce the decision during their Summit scheduled for September 9 and 10 in India, the same sources stated. Granting the AU a permanent seat is aimed at enabling the African continent to have a stronger voice on issues such as climate change, energy transition, and the debt of developing countries and emerging markets.
At the end of August, Indian Prime Minister Narendra Modi expressed his desire for the AU to become a full G20 member. “We have a vision of inclusion, and with this vision, we have invited the African Union to become a permanent member of the G20,” he said during a speech in New Delhi at the Business 20 (B20) summit. This comment comes a few months after similar announcements by U.S. President Joe Biden, Japanese Prime Minister Fumio Kishida, and German Chancellor Olaf Scholz.
The G20 is an international forum of the world's 20 largest and fastest-growing economies (19 countries plus the European Union). Its members represent around 80% of the global GDP, 60% of the world's population, and 75% of international trade. South Africa is currently the only permanent G20 member from the African continent.
Deposits grow 2.7%, supporting lending recovery Average loan sizes small, credit risk persists ...
Oil majors expand offshore exploration from Senegal to Angola Gulf of Guinea accounts for about 1...
Rwanda, partners break ground on $2 billion Kigali Innovation City Smart city targets ...
MTN is considering buying back telecom towers it sold years ago, signalling that control of infras...
The government is asking SOTEL and Airtel to amend a 2025 agreement The N’Djamena–Mberé route...
Electric vehicles could cost less to own than petrol cars across Africa before 2040. Researchers calculated total cost of ownership without...
Senegal targets over 90% national food security by 2029 and plans to create 800,000 formal jobs. The World Bank Group will double annual...
India signed digital public infrastructure cooperation agreements with 23 countries, including six in Africa. Six African countries will access 18...
Zijin Mining raised its 2028 gold production target to 140 tonnes, up from 110 tonnes. The group agreed to acquire Allied Gold for $5.5...
Porlahla Festival ends third edition in Kouto, promoting Senufo culture Event draws regional and international participants, boosting cultural...
Essaouira is a coastal city in Morocco, on the Atlantic Ocean, in the Marrakech–Safi region, about two and a half hours by road from Marrakech. It stands...