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CGTN：G20 pushes for global cooperation to eradicate hunger and poverty

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G20 Summit

BEIJING, CHINA – Media OutReach Newswire – 13 November 2024 – The first-ever Global Alliance Against Hunger and Poverty will be officially launched at the upcoming 19th G20 Summit in Rio de Janeiro, marking a further step towards the goal of eliminating extreme hunger worldwide by the United Nations’ 2030 deadline.

The nascent initiative was pre-launched by Brazilian President Luiz Inacio Lula da Silva at the Ministerial Meeting of the G20 Task Force in July 2024. The idea for this initiative was proposed at the previous G20 summit by Lula, who stated that eradicating hunger and poverty is one of the three central tasks of Brazil’s G20 presidency. 

Due to factors ranging from natural disasters to regional conflicts, the poverty issue has become increasingly noticeable in recent years. Between 713 and 757 million people may have faced hunger in 2023, meaning one in every 11 people in the world, according to the annual report on the State of Food Security and Nutrition in the World released by the UN’s Food and Agriculture Organization in July.

The report highlights a clear trend of rising undernourishment in Africa, while progress is being made in Latin America and the Caribbean. It also showed that the prevalence of undernourishment in Brazil fell to 3.9 percent in 2023, marking the first year of Lula’s new administration.

At the ministerial meeting, Lula stated that nothing in the 21st century is as absurd and unacceptable as the persistence of hunger and poverty, adding that addressing this issue through the global alliance is a priority for Brazil’s G20 presidency.

Amid the ongoing hunger crisis worldwide, especially in developing countries, the upcoming G20 summit – where eradicating hunger and poverty is one of the top priorities – is expected to be of great practical significance.

Xu Feibiao, director of the Center for BRICS and G20 Studies at the China Institutes of Contemporary International Relations, stated that the G20 summit could provide global solutions, noting that both Brazil and China have made significant achievements in the fight against hunger and poverty.

In 2023, Lula launched the Brazil Without Hunger program. With 20 different actions and projects, the program, which has a total investment of more than $70 billion, reduced the number of people in Brazil suffering from severe food insecurity from 33 million to 8.7 million in just one year, said Valeria Burity, special secretary of the Ministry of Social Development and Assistance, Family and Fight against Hunger of Brazil, in an interview with a Chinese news portal in November.

China has not only achieved its goal of eliminating extreme poverty by 2020, improving the living standards of hundreds of millions of people over decades of development, but it has also contributed to helping other countries, particularly developing ones, fight poverty. This has been done through initiatives like the Belt and Road Initiative and the Global Development Initiative, which provide advanced agricultural technology and cooperation projects aimed at eradicating poverty and improving local well-being.

For example, under the Belt and Road Initiative, China has supported numerous infrastructure projects, including the Hungarian-Serbian Railway, the China-Laos Railway and the Chancay Port project in Peru. These projects not only enhance local transportation but also create jobs and boost residents’ incomes.

“China’s poverty eradication model and experience can provide strong support for relevant G20 programs,” Xu said.

Echoing Xu, Fernando Brancoli, an international relations expert from the Federal University of Rio de Janeiro, told China Media Group that from the perspective of poverty alleviation, the G20 Rio Summit offers an ideal platform for Brazil and China to cooperate. The two countries continue to lead global efforts to reduce poverty by showcasing their respective poverty alleviation experiences, tailored to their national conditions and proven effective.

In addition to offering global solutions based on experiences from China and Brazil, Xu noted that sustainable development has been a key agenda for the G20, with eliminating hunger and poverty being an integral part of this agenda.

Xu pointed out that G20 members, which represent the world’s largest developed and developing economies, account for more than 80 percent of global GDP. “Once the G20 members reach consensus and put forward solutions, the G20 can be a key propeller for global consensus and action against hunger and poverty,” he said.

Hailing the Global Alliance Against Hunger and Poverty as a critical first step in global action, Xu stated that the upcoming G20 summit is expected to launch initiatives, plans and roadmaps for combating hunger and poverty, integrating them with the broader agenda on health, education, infrastructure, financial inclusion, and other key issues to create more feasible and comprehensive solutions.

Brancoli emphasized that the global alliance will bring together global funds, resources and poverty reduction experience to jointly support the global poverty reduction cause.

Acknowledging that there will be some differences between countries in addressing this issue, Xu remarked that while it is impossible to solve it overnight, the G20 has prioritized it as a top issue, signaling that there is light at the end of the tunnel.

https://news.cgtn.com/news/2024-11-10/G20-pushes-for-global-cooperation-to-eradicate-hunger-and-poverty-1yq3GnCUfGo/p.html

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As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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February 6, 2026

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The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

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Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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February 6, 2026

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After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

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The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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February 6, 2026

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This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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