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 Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..