African Union granted permanent G20 membership
ECONOMY & POLICY

African Union granted permanent G20 membership

Under India's G20 presidency, a significant milestone was achieved as the African Union officially became a permanent member of the influential global economic forum, marking the first expansion of the G20 since its establishment in 1999. All G20 member countries, following Prime Minister Narendra Modi's proposal, unanimously accepted the African Union's inclusion, solidifying its position alongside other major world economies.

In his opening remarks at the G20 Summit, Prime Minister Modi invited Azali Assoumani, President of the Union of Comoros and Chairperson of the African Union, to join the distinguished gathering, making the 55-member African Union the second multinational entity, after the European Union, to gain permanent membership in the G20.

Modi emphasised the spirit of 'sabka saath' (with everyone), highlighting India's proposal for the African Union's permanent membership. He expressed gratitude for the consensus, and amidst applause from global leaders, invited the President of the African Union to join the high table.

The Prime Minister's Office lauded this achievement as an important step towards a more inclusive G20, aligning with the aspirations of the Global South. India's commitment to the African continent was reiterated, as Modi emphasised that including all voices in global affairs is essential for the success of any future plan for the planet.

The G20 Summit's theme, "Vasudhaiva Kutumbakam – One Earth, One Family, One Future," reflects India's cultural ethos and its dedication to inclusive growth, digital innovation, climate resilience, and equitable global health access, particularly benefiting developing nations.

The African Union, with its 55 member states, collectively possesses a GDP of nearly Rs 250 billion and a population of around 1.4 billion. This historic inclusion underscores India's leadership in promoting global collaboration and recognising the importance of representing the voices of all nations in shaping the world's future.

Under India's G20 presidency, a significant milestone was achieved as the African Union officially became a permanent member of the influential global economic forum, marking the first expansion of the G20 since its establishment in 1999. All G20 member countries, following Prime Minister Narendra Modi's proposal, unanimously accepted the African Union's inclusion, solidifying its position alongside other major world economies.In his opening remarks at the G20 Summit, Prime Minister Modi invited Azali Assoumani, President of the Union of Comoros and Chairperson of the African Union, to join the distinguished gathering, making the 55-member African Union the second multinational entity, after the European Union, to gain permanent membership in the G20.Modi emphasised the spirit of 'sabka saath' (with everyone), highlighting India's proposal for the African Union's permanent membership. He expressed gratitude for the consensus, and amidst applause from global leaders, invited the President of the African Union to join the high table.The Prime Minister's Office lauded this achievement as an important step towards a more inclusive G20, aligning with the aspirations of the Global South. India's commitment to the African continent was reiterated, as Modi emphasised that including all voices in global affairs is essential for the success of any future plan for the planet.The G20 Summit's theme, Vasudhaiva Kutumbakam – One Earth, One Family, One Future, reflects India's cultural ethos and its dedication to inclusive growth, digital innovation, climate resilience, and equitable global health access, particularly benefiting developing nations.The African Union, with its 55 member states, collectively possesses a GDP of nearly Rs 250 billion and a population of around 1.4 billion. This historic inclusion underscores India's leadership in promoting global collaboration and recognising the importance of representing the voices of all nations in shaping the world's future.

Next Story
Infrastructure Urban

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Next Story
Infrastructure Energy

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Next Story
Infrastructure Urban

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement