Public Management

G20 agrees to grant AU a permanent seat

G20 agrees to grant AU a permanent seat
Friday, 08 September 2023 11:35

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.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
JPMorgan Chase is finalizing a new benchmark index for local-currency frontier market bonds, with a potential announcement by mid-2026. The index...
External debt repayments by African states are set to exceed $90bn in 2026 Egypt alone accounts for nearly one-third of the amount...
Ifeyinwa Osime succeeds Paul Usoro San, who retired on January 29, 2026 She has served on Access Bank’s board as an independent director since...
A state-owned banking holding is planned for launch in 2026 The structure will centralize and manage public shareholdings in banks The move follows a...
Most Read
01

African startup M&A hits record 67 deals in 2025 Consolidation driven by funding pressures and ex...

African Startup M&A Hits Record 67 Deals in 2025, Led by Fintech
02

Moniepoint, Opay, Kuda, and others gain national status with tighter oversight A naira 5 billion ...

Nigeria’s central bank upgrades fintech licenses amid rapid digital growth
03

Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...

Global Firepower Index 2026: Egypt, Algeria, Nigeria Lead Africa's Military Rankings
04

Touted as a tool of emancipation, blockchain was meant to give the Central African Republic a new fo...

Crypto Sovereignty Was CAR’s Goal. A Report Says Crime Risks Took Hold Instead
05

StartupBlink ranked 25 African countries in its global innovators index, with 13 in the top 100. ...

South Africa, Kenya Lead Africa’s Startup Ecosystems as Ivory Coast Gains Ground
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.