World
How Russia and Four Other BRICS Countries Are Dealing With COVID-19
By Kester Kenn Klomegah
On December 4, Russian President Vladimir Putin held a telephone conversation with the South African President Cyril Ramaphosa. According to the official Kremlin transcript, which hardly gives detailed information, “the presidents agreed to join efforts in fighting the coronavirus pandemic, in particular in view of the newly identified Omicron strain, and further discussed interaction within BRICS and trade and economic cooperation”.
The conversation took place against the backdrop of the current entry restrictions on travellers from southern African countries, due to the spread of a new COVID-19 variant (new B.1.1.529 variant) to the United States, Europe and Asia. A few African countries have also imposed similar restrictions on entry into their territories. The southern African countries include Lesotho, Botswana, Zimbabwe, Mozambique, Namibia and Eswatini.
Russia and South Africa, which later joined in 2011, are both members of the BRICS, and since the outbreak of the coronavirus in December 2020, have discussed some aspects as well as the prospects for collaborative work in fighting the disease.
Russia and South Africa previously proposed localizing production of Russian vaccines, but the key setback was that the vaccines were yet to be approved by the World Health Organization. As a result, there were neither concrete practical results nor effective collaboration between the two countries.
In contrast, China has made huge contributions to South Africa and many other African countries. It has further, at the November Ministerial Conference (FOCAC), authoritatively pledged supply of one billion vaccines to Africa.
Within BRICS—Brazil, Russia, India, China and South Africa—the coronavirus has indeed affected them. China, with the highest 1.5 billion population, has at least, managed to keep Covid-19 under control. Russia with a population of about 145 million is itself struggling to control the spread of the virus. On the other hand, South Africa with a population of some 60 million, has the largest number of confirmed COVID-19 cases in Africa, but the lowest among the BRICS countries.
Among the five BRICS countries, China and India lead in the pursuit of economic spheres of influence worldwide. Chinese President Xi Jinping, delivering a speech via video link at the opening of the World Health Assembly, pledged $2 billion to combat COVID-19.
Local Russian media such as Izvestia has reported that the BRICS expressed commitment and preparedness to help South Africa to study the new Omicron coronavirus variant and fight it during the BRICS International Forum held early December.
President of BRICS International Forum, Purnima Anand, told Izvestia that Russia, India, China, and Brazil are now discussing ways to deliver aid to South Africa.
BRICS members are ready to support South Africa on all matters regarding the new variant, be it research or medical supplies, she told the newspaper, noting that it is important to stop Omicron before it is too late. In particular, India has put together a shipment of medical equipment and its Covishield vaccine for South Africa if these are needed.
Further, Virologist Alexey Agranovsky told Izvestia that it could take three months to a year to determine how dangerous Omicron is.
“We do not yet know whether Omicron can supplant the Delta strain, although theoretically this scenario cannot be ruled out. Omicron has not been studied enough to suggest that it is more easily tolerated than other variants. With 10 or 100 case histories tracked, there’s sketchy information, so it is impossible to talk about anything seriously,” he emphasized.
Over these years, the BRICS has wanted to expand cooperation in the fight against infections and engage in the joint production and use of vaccines. 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 work on managing the risk of Covid-19 outbreaks.
In fact, the joint declaration stated: “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.”
During the discussions at the heads of state level and ministerial levels, the countries only agreed to continue providing mutual support in activities to prevent and treat the novel coronavirus infection COVID-19, as well as to create favourable conditions for the supply of deliveries of medications and diagnostic materials, immune-biological preparations, and medical equipment.
There were also talks on efforts to strengthen international institutions, joint efforts to combat new challenges and threats, including the COVID-19 pandemic, and cooperation between the five states at multilateral fora. In the context of the current epidemiological situation, the BRICS has often expressed solidarity and hope to improve the healthcare systems.
India currently holds the 13th BRICS Chairmanship, which ends in December, and has to pass on to China for the 14th BRICS directorship starting January 2022. The five BRICS countries together represent over 3.1 billion people, or about 40 per cent of the world population. By and large, the coronavirus pandemic has taken a huge toll in Brazil, Russia, India, China and South Africa (BRICS). This article first and originally published by InDepthNews.
By Adedapo Adesanya
The United Arab Emirates-based multi-billion-dollar tech powerhouse, Phoenix Group, has announced a major strategic expansion into the African market with the acquisition of an 80-megawatt (MW) power purchase agreement (PPA) in Ethiopia to boost its Bitcoin mining capacity.
The deal forged in partnership with Abu Dhabi-based cybersecurity firm, Data7, marks a significant step in Phoenix Group’s global diversification strategy and secures a reliable and sustainable energy source to fuel its long-term growth and underscores a commitment to responsible digital asset infrastructure development.
The new Ethiopian site, slated for energization in Q2 2025, will dramatically enhance Phoenix Group’s operational capacity, significantly increasing the exahash rate of its rapidly expanding mining portfolio.
“This move solidifies Phoenix Group’s position as one of the world’s largest Bitcoin miners and reinforces its commitment to scaling operations and delivering cutting-edge, globally distributed digital asset infrastructure. Phoenix Group is poised to build on this momentum, with further announcements of new sites and increased capacity in 2025, including continued expansion in Ethiopia and a strategic entry into the South American market,” the statement shared with Business Post said.
Speaking on the development, Mr Munaf Ali, CEO of Phoenix Group said- “This 80MW expansion in Ethiopia, on the heels of our North Dakota site announcement, is a powerful testament to Phoenix Group’s accelerating global momentum.
“We are aggressively building out our mining capabilities, and this added capacity further solidifies our position as one of the world’s largest Bitcoin miners, fueling our growth trajectory as we prepare for our listing on Nasdaq. We’re not just expanding our operations; we’re strategically positioning ourselves at the forefront of a financial revolution where cryptocurrencies will play a central role in creating a more inclusive and dynamic global economy.”
Mr Reza Nejatian, CEO of Global Mining Operations at Phoenix Group, added: “This project in Ethiopia, significantly increasing our exahash rate, is a clear signal of our ambition to not just participate in, but to lead, the global Bitcoin mining landscape. Ethiopia’s emergence as a key crypto-mining hub provides the perfect platform for our continued expansion, and this is just the first phase of our growth in the country.
“Our strategic partnership with Data7, enabling the deployment of the latest S21 Hydros, underscores our commitment to leveraging cutting-edge technology to maximize efficiency and solidify our competitive advantage”, adding that, “Our ambitions extend beyond Africa; we’re actively preparing to launch operations in South America in 2025, further diversifying our global footprint. This is how we execute on a global scale, and this is how we build the future of decentralized finance.”
By Aduragbemi Omiyale
A Memorandum of Understanding (MoU) to support sustainable food production at a range of scales towards climate adaptation while protecting and preserving soil health, biodiversity, and water resources has been sealed between Olam Agri and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ).
The deal provides a framework that will facilitate collaboration between the two organisations across staple agriculture supply chains that include rice, cotton, and rubber in developing markets in Asia, Africa, and Latin America.
The aim is to improve the livelihoods of smallholder farmers, provide them with access to key services and inclusive opportunities; and establish sustainability and traceability across agriculture supply chains, aligning with Olam Agri’s purpose to transform food and agriculture for a more sustainable and food-secure future.
For joint projects, GIZ and Olam Agri have identified six priority intervention areas: nutrition-sensitive regenerative agriculture; harvest and post-harvest loss reduction; access to finance for smallholders; economic inclusion and rights; management of crop residues and reuse; and ecosystem services, including protection and restoration of ecosystems and carbon initiatives.
Both partners will continue to identify topics relevant across value chains and regions to drive innovation and scaling, with possible cross-sectoral issues including climate and carbon credits, landscape-scale approaches, and digitisation.
“We’ve shared a strong and fruitful relationship with GIZ over the years during which we’ve made significant inroads in transforming smallholder farming in several supply chains across many geographies to be more productive, profitable, and sustainable.
“I am thrilled to be signing this MoU with such a valuable partner that is GIZ and commit to collaborate even further to scale up our sustainability programmes in developing and emerging agriculture economies,” the co-founder of Olam Agri, Mr Sunny Verghese, said.
Also commenting, the Managing Director of GIZ, Anna Sophie Herken, said, “The signing of this MoU with Olam Agri marks a pivotal step forward in our collaborative efforts towards sustainable food production.
“I am very happy and grateful that we can deepen and broaden our cooperation efforts simultaneously. We look forward to enhancing the scope and impact of our successful projects in climate-smart farming.”
By Adedapo Adesanya
Bitcoin (BTC), the world’s best-known digital currency, reached a fresh record high of $108,943 on Monday morning as Mr Donald Trump prepared to return to the White House.
The support from Mr Trump has boosted the crypto industry and after mentioning the asset’s record performance in a Sunday speech alongside gains in the broader US stock market, the prices have been heading north.
“Since the election, the stock market has surged and small business optimism has soared a record 41 points to a 39-year high. Bitcoin has shattered one record high after another,” Mr Trump said.
Business Post reports that some other tokens making gains include Ethereum (ETH), the second most valued coin which has gained 5.9 per cent to $3,349.93, Ripple (XPR) added 6.2 per cent to sell at $3.31, and Cardano (ADA) added 3.3 per cent to $1.07.
Mr Trump, who over the weekend launched a coin, has been vocal about his support for cryptocurrencies during his campaign and promised to make the US the crypto capital of the planet and create a strategic national bitcoin reserve, moves that have fueled investor optimism.
There are hopes that new policies and regulators will send the price of BTC and by extension, other coins much further this year as the US economy continues to show strength in the long term.
BTC reversed losses from earlier in the day when it fell to nearly $100,000 from a high over $102,000 on Sunday as incoming first lady Melania Trump issued a memecoin, drawing liquidity away from major assets.
Mrs Trump followed her husband’s lead by launching a multibillion-dollar cryptocurrency meme coin – briefly tanking the price of $TRUMP coin in the process.
A meme coin is a type of cryptocurrency inspired by trends such as internet memes with no inherent utility, and are often susceptible to price swings and crashes. Meme coins have been described by traders as a pure form of gambling and akin to buying a lottery ticket.
However, some crypto enthusiasts hailed the Trump meme coin’s release, saying it was symbolic of the incoming president’s support for an industry that felt unfairly targeted by the Biden administration.
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