Feature/OPED
Coronavirus Pandemic Worries BRICS
By Kester Kenn Klomegah
Foreign Minister Sergey Lavrov has held an extraordinary meeting of BRICS Ministers of Foreign Affairs (Brazil, Russia, India, China and South Africa) via videoconference as part of important events planned this year after Russia took over the chair-ship from Brazil.
The BRICS Foreign Affairs Ministers who took part in the meeting included Dr. Subrahmanyam Jaishankar represented India; Ernesto Araújo Foreign Affairs Minister of Brazil; Wang Yi, State Councilor and Foreign Minister of China and Ms. Grace Naledi Pandor, Minister of International Relations and Cooperation of the Republic of South Africa.
The ministers reviewed the impact of the current global crisis provoked by the outbreak of COVID-19 on the system of international relations and agreed that there is no alternative to using both bilateral and multilateral forms of cooperation, unite behind efforts without any hidden agenda, in finding a collective response to the challenges and threats posed by the coronavirus pandemic.
The meeting exchanged in-depth views on possible joint measures on how to contain COVID-19 and deal with the financial, trade, economic and social consequences of the pandemic. They discussed important issues related to developing a five-way cooperation, including the calendar of events for Russia’s BRICS Chairmanship in 2020.
“We believe that it should become a very good reinforcement for our countries’ economies when they’re coming out of the crisis stage and resume economic operations,” Lavrov noted during the meeting.
The international community should unite to ensure the most positive outcome of efforts in tackling the crisis, but acknowledged that such efforts are being undermined by sanctions imposed on some countries, and suggested that the sanctions should be lifted or removed.
In the opening speech, Lavrov emphasized the priority in dealing with the COVID-19 outbreak, protect people’s lives and health as well as the global economy. “The need to uphold multilateral principles and rely on international law in formulating solutions to current cross-border threats is an urgent challenge. We are convinced that it is very important to strengthen the solidarity of BRICS countries,” he said.
The BRICS heads of state adopted a decision a couple of years ago to expand cooperation in the fight against infections and the joint production and use of vaccines, according to Lavrov, and suggested “BRICS has to accelerate the implementation of this initiative.”
Cooperation on countering infectious diseases has long been a priority for BRICS. For instance, the final declaration of the 2015 BRICS summit in Ufa, Russia, contains instructions by the leaders to jointly work on managing the risk of disease outbreaks, including the current new coronavirus.
“We are concerned about growing and diversifying global threats posed by communicable and non-communicable diseases. They have a negative impact on economic and social development, especially in developing and in the least developed countries,” the 2015 BRICS declaration adopted in Ufa, Russia. It was the Seventh BRICS Summit, held under the theme “BRICS Partnership – a Powerful Factor of Global Development” under the chair-ship of Russia.
That declaration further stated: “In this context, we commend the efforts made by the BRICS countries to contribute to enhanced international cooperation to support the efforts of countries to achieve their health goals, including the implementation of universal and equitable access to health services, and ensure affordable, good-quality service delivery while taking into account different national circumstances, policies, priorities and capabilities.”
Chinese Foreign Minister Wang Yi echoed Sergey Lavrov’s call for unity and solidarity. In an official statement released by the ministry, Wang said that the BRICS should “stand firm by multilateralism, by the UN-centered international system” and “champion the approach of consultation and cooperation.”
“Through joint efforts, we will safeguard the legitimate rights and interests and space for development not just for ourselves but also for all other emerging market and developing countries,” Wang Yi said.
With its rapid spread in many parts of the world, COVID-19 has put lives and health of people around the world under grave threat, seriously disrupted the global economy, and posed severe challenges to BRICS, the minister said, while acknowledging further that “as representatives of major emerging countries with global influence, BRICS countries must act in the interest of the well-being of humankind, and stand by justice and equity.”
Wang Yi, however, proposed the following:
First, uphold multilateralism and improve global governance. The sudden onslaught of COVID-19 reminds again that BRICS interests are, closely entwined and the future. A challenge that respects no border and makes no distinction of ethnicity has only made global governance more important, not less, building a community with a shared future for mankind.
China’s strategic assessment is that COVID-19 will not change the theme of the times which remains peace and development; it will not cut short the historical trend toward multi-polarity and globalization, and still less will it deter humankind from its firm pursuit of civilization and progress.
In a time of crisis, BRICS must stand firm by multilateralism, by the UN-centered international system, and by the purposes and principles of the UN Charter. BRICS needs to sustain coordination in the UN, the G20 and other multilateral frameworks to keep up secure and smooth functioning of global industrial and supply chains, and defend the multilateral trading regime with the WTO as the cornerstone.
BRICS should continue to work for making development the centrepiece of the global macro policy agenda, and expedite the delivery of the 2030 Agenda for Sustainable Development.
Second, BRICS should come together in the spirit of partnership to combat COVID-19. Under the personal leadership and direction of President Xi Jinping, the Chinese government and people have fought a people’s war against COVID-19. China has acted according to the principle of shoring up confidence, strengthening unity, ensuring science-based control and taking targeted measures.
As the virus hits more countries around the world, China is doing everything it can to help those in need. In spite of substantial demand at home and growing pressures to meet foreign orders, China has provided a large amount of medical supplies to fellow BRICS countries, and facilitated the purchase of such supplies through commercial channels.
Going forward, China is ready to step up the sharing of information and experience with BRICS countries and conduct joint research and development of drugs and vaccines, respecting each other’s sovereignty and national conditions.
Third, BRICS should uphold unity and coordination to forge a powerful synergy. President Xi Jinping stated that the virus is a common enemy of humanity and can be defeated. Living in a global village, no one could stay safe when others’ houses catch fire.
Likewise, in fighting COVID-19, victory can only be secured when the virus is brought under control in all countries. China has been a strong force behind international anti-epidemic cooperation because its own experience has made it fully empathetic with other peoples suffering from similar difficulties.
As countries battle the disease in light of their own situations, China called for mutual understanding and respect for these efforts, and sharing and learning from each other’s experiences. The global community should never be distracted in its collaborative response by finger-pointing or the blame game, allow new tensions and divisions to be created as a result of politicization or stigmatization.
In view of the weaknesses and inadequacies exposed during this crisis, BRICS needs to enhance global public health governance, make it a higher priority on the international agenda, and work together to build a community of health for all.
Fourth, China will work with all BRICS members to support Russia’s Chairmanship. China also supports Russia’s initiative to formulate a Strategy for BRICS Economic Partnership 2025.
On his part, Indian Foreign Affairs Minister Dr. Subrahmanyam Jaishankar noted that BRICS, which brings together almost 42 percent of global population, with impressive growth, investment and trade share, has an important role to play in shaping the global economic and political architecture.
He highlighted the initiatives and various decisive steps taken early by India. For example, India is providing pharma assistance to nearly 85 countries, including many countries in Africa, on a grant basis, to support their response to the pandemic. This has been widely welcomed.
He further emphasized that the pandemic is not only posing a great risk to the health and well-being of humanity but is also severely impacting global economy and output by disruption of global trade and supply chains. Economic activity across sectors has been negatively impacted leading to loss of jobs and livelihoods.
He emphasized the need to provide support to businesses, especially small and medium scale enterprises, and the efficacy of traditional medicine systems to strengthen immunity be recognized and that BRICS should support these efforts.
Jaishankar emphasized the current challenge that underlines the need for reform of multilateral systems and that a reformed multilateralism was the way forward. He referred to the centrality of development and growth in the global agenda. India reaffirmed its support for Russian BRICS Chair-ship in 2020 and under the theme “BRICS Partnership for Global Stability, Shared Security and Innovative Growth.”
The BRICS member countries (Brazil, Russia, India, China and South Africa) collectively represent about 26% of the world’s geographical area and are home to 3.6 billion people, about 42% of the world’s population and with a combined nominal GDP of $16.6 trillion.
Kester Kenn Klomegah is an independent research writer, who served previously as Moscow Bureau Chief for Africa Press Agency (APA) and Inter Press Service (IPS), and has won awards including the Golden Word Prize for a series of analytical articles on Russia’s economic cooperation with African countries.
By Onah Ishioma Adaeze
As a beginner, choosing between stocks and forex for your investment goals in 2026 can feel overwhelming. Before investing your hard-earned money, it is important to understand how both markets work.
While both markets present investors with opportunities to grow their wealth, they also differ in terms of volatility, liquidity, market hours, and leverage. Stocks involve owning portions of a company, while forex has to do with trading a base currency against a quote currency.
In this article, we will be going through the basics of stocks and forex, pointing out their differences, and helping you decide which asset better suits your investment journey in 2026.
What is Stock Trading?
When it comes to stock trading, you are buying shares of a company, which makes you a shareholder of that company. As a shareholder, you may be entitled to receive dividends whenever the company decides to pay dividends.
As for those companies that do not pay dividends, there are other benefits a shareholder may enjoy, like being called upon to attend shareholder meetings and having voting rights on certain company matters.
On a global scale, over $100 trillion worth of shares are traded annually. Also, the rising popularity of AI companies and technological innovations continues to drive investor participation and market growth.
If you’re an investor looking to buy and hold capital assets, then stock trading is definitely for you, as it allows for short-term, medium-term and long-term investment goals.
When you buy shares of a company and the company performs well, your shares increase in value. Another benefit of stock trading is access to index funds and ETFs.
These funds consist of companies that are grouped under an index. They are carefully selected and monitored under the fund, sparing the investor the stress of actively tracking the fund.
They can be a way of building a long-term, diversified portfolio, and some of these funds may pay dividends.
What is Forex Trading?
Forex trading has to do with buying one currency and selling another. With a pair like USD/JPY, USD is the base currency being bought against JPY, which is the quote currency.
In order to execute a trade in the forex market, you have to analyse and make predictions based on price movement, as well as pay attention to what’s going on in the global news scene.
The forex market runs twenty-four hours every weekday, with over $9 trillion traded in the market every day. Being the largest financial market in the world, there is very high liquidity.
Forex trading involves buying one currency against another, making predictions based on price movements on the forex charts. Price moves based on the activities of large institutions like hedge funds, big banks, the government, etc.
The forex market runs 24 hours a day, every weekday, with global forex turnover reaching $9 trillion per day in the BIS 2025 survey. Being the largest financial market in the world, there is very high volatility and price fluctuations.
At the same time, there is high liquidity in the market, which means that currency pairs can easily be bought and sold without hassle. Highly liquid instruments that are traded regularly include: EUR/USD, USD/JPY, GBP/USD, and gold (XAU/USD).
As a retail trader, knowing when to enter and exit the market is important. As easy as it is to make profits from price fluctuations, it is also very easy to lose money if the market moves against you. This is why it is important to set stop losses and take profits. This helps manage your trading capital.
Major Differences Between Stocks and Forex
While investing in stocks and forex can yield great capital gains, there are lots of ways in which they differ.
As a beginner, stock trading provides opportunities for long-term investments, ensuring slow but consistent returns for wealth building. But if you are looking for an active, short-term style of investment, then forex trading is for you, as it allows you to enter and exit the market within a shorter time frame.
Which is Better in 2026?
Choosing an asset to invest in all boils down to personal preference. At the same time, if you are not averse to risk, nor opposed to asset diversification, then it’s okay to invest in both.
For beginner investors in 2026, stock trading is easier to understand and get into, especially because of mutual funds, index funds and ETFs. With those funds, you don’t have to be an expert to start investing. You can just buy a fund that suits your needs and hold it over a long period of time.
If you are an investor who enjoys technical analysis, highly volatile and liquid markets, as well as trading under short time frames, then forex trading is the right pick for you.
Conclusion
You do not need to put all your eggs in one basket. There are investors who invest in both stocks and forex simultaneously. When starting out, you can start investing in stocks while learning forex. Take calculated risks and do not invest above your means. Diversify your investments and remember, when starting out, you should prioritise acquiring knowledge over profits.
Onah Ishioma Adaeze is a finance writer who is passionate about simplifying complex concepts into easily digestible pieces. Her hobbies are reading and watching anime
By Owoloye Emmanuel
Every business starts with a problem. For us, that problem was hiding in plain sight.
Across organisations, we kept seeing HR professionals, payroll teams, and business leaders spend significant time navigating processes that should be simpler. Employee records sat across multiple systems, payroll processes required manual intervention, and routine workforce tasks often became more complicated than they needed to be.
As businesses grow, workforce operations naturally become more complex. Yet many organisations still rely on disconnected tools and workflows that create unnecessary friction for both employers and employees.
The consequence is more than operational inefficiency. HR teams spend valuable time managing systems instead of supporting people. Business leaders struggle to access timely workforce insights, while employees experience delays in processes that should be seamless.
These weren’t isolated challenges. They were recurring realities across workplaces, regardless of industry or size.
That observation led us to a simple question: what if workforce management could be easier?
What if HR, payroll, and workforce operations could work together within a single, connected experience?
That question became the foundation for 234 Solutions.
We are building 234 Solutions with a clear belief that workplace technology should reduce complexity, not add to it. Our goal is to help organisations spend less time navigating processes and more time focusing on productivity, growth, and people.
As we prepare for launch, our focus remains simple: building practical solutions for real workplace challenges and helping organisations create better experiences for the people who power them every day.
Owoloye Emmanuel is the founder of 234 Solutions
Scroll through social media today, and you will notice something interesting: everyone is either reacting to a series, quoting a movie line, or debating a character as though they personally know them. Beneath the memes and binge-watch culture, however, lies something deeper. Television remains one of the most powerful tools shaping how Africans see themselves, remember their history, and tell their own stories. In a continent as diverse and expressive as Africa, that matters more than ever.
TV as a Cultural Archive, Not Just Entertainment
Long before streaming algorithms began shaping our viewing habits, television was already preserving African identity. From Nollywood dramas that capture the rhythm of everyday Lagos life to documentaries exploring Maasai traditions and Ghanaian folklore, TV has served as a living archive of the continent’s stories.
It preserves more than entertainment; it preserves language, culture, humour, values, and shared experiences. Unlike fleeting social media content, television allows stories to unfold with depth, exploring the realities of family, tradition, ambition, and modern African life without reducing them to stereotypes. That is the power of TV: preserving not just stories, but perspective.
Why Representation on TV Still Matters
There is a subtle but important truth: if people do not see themselves on screen, they may begin to believe their stories are not worth telling. This is why African TV content is more than entertainment; it is affirmation.
Seeing a character who speaks like you, struggles like you, or celebrates like your community does something powerful. It validates identity and challenges outdated narratives that have historically defined Africa through external lenses.
This is where MultiChoice Group, through platforms such as DStv and GOtv, plays an important role. They do not simply broadcast content; they help distribute cultural memory at scale.
GOtv, DStv, and the Everyday African Viewer
Think about a typical evening in many African homes: the TV is on in the background, someone is laughing at a comedy show, another person is watching a local series, and someone else is catching up on the news. That shared viewing experience remains very real.
Through platforms such as DStv and GOtv, African households are exposed to a blend of local storytelling and global content. More importantly, they have helped amplify African-produced content by bringing Nollywood films, African reality shows, talk shows, and documentaries into mainstream rotation.
It is not just about access. It is about visibility.
A young filmmaker in Lagos today is more likely to believe their story matters because they have seen similar stories broadcast widely. A child in Accra grows up hearing familiar accents and seeing environments that look like their own on screen, not as exceptions, but as the norm.
TV Is Also Shaping Modern African Identity
African identity is not static; it is evolving. Television reflects that evolution in real time.
Today, audiences see:
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Young Africans balancing tradition and modern dating culture
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Stories tackling mental health in African households
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Fashion and music influences spreading through TV series
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Political satire shaping public conversation
Conversations that were once confined to homes are now being explored on screen, giving audiences the language to discuss issues that were previously unspoken.
In many ways, television is doing what oral tradition has always done: passing stories, values, humour, warnings, and history from one generation to the next. The difference is that today’s griots are writers, directors, and broadcasters.
The Future: From Watching to Owning Our Narratives
The next stage of African storytelling is not just about being seen; it is about ownership.
As more African creators produce content and platforms continue to invest in regional storytelling, television becomes more than a mirror. It becomes a tool for shaping how Africa is represented to itself and to the world.
While streaming continues to grow, television, particularly accessible platforms such as GOtv, remains one of the most effective ways to reach everyday audiences across different income levels and regions. After all, storytelling only matters if people can access it.
African stories are not new. They have always existed in families, on streets, in markets, in history books, and through oral traditions. What television has done, and continues to do, is give those stories a stage wide enough for millions to experience them at once.
The next time you watch a local series or documentary on DStv or GOtv, remember that you are not just being entertained. You are participating in the preservation of African identity itself.
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