Sitharaman urges G7/G20 support for Africa

05 Nov 2024 CW Team

Finance Minister Nirmala Sitharaman has called on G7 and G20 nations to intensify their support for African nations, emphasizing the importance of international cooperation in addressing the continent's challenges. Speaking at a recent forum, Sitharaman highlighted the pressing need for financial assistance and sustainable development initiatives to bolster economic growth in Africa.

Sitharaman's appeal comes amid ongoing discussions about the global economic landscape, where African countries face significant hurdles, including debt distress, climate change impacts, and limited access to essential services. She stressed that concerted efforts from developed nations are crucial in helping Africa navigate these issues and achieve its developmental goals.

The Finance Minister underscored the potential of African nations to contribute to the global economy if provided with adequate support and resources. By fostering partnerships and enhancing financial flows, G7 and G20 countries can play a pivotal role in empowering African economies, creating jobs, and promoting inclusive growth.

This call for action aligns with broader global efforts to strengthen the economic resilience of developing nations, with a particular focus on Africa. Sitharaman's remarks echo the sentiments of many leaders who advocate for increased collaboration to tackle global challenges collectively.

As discussions continue, the emphasis on Africa's economic development serves as a reminder of the interconnectedness of the global economy and the shared responsibility of nations to support one another in achieving sustainable growth and prosperity.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..