BRICS

The five BRICS nations hold their annual summit in China. Kenya and Egypt are invited.

The China-backed Asian Infrastructure Investment Bank (AIIB) has approved 13 new prospective members including two African countries.

China's State Grid signed a deal Tuesday to buy a majority stake in Brazil's electricity giant CPFL for $4.5 billion.

A Turkish firm is set to win a tender to build the $7.6 billion (7.1-billion-euro) railway in Tanzania. The contract had initially been awarded to a consortium of Chinese companies.

China's State Grid Corporation is set to build a $1.5-billion power line across Pakistan.

Pakistan's Prime Minister Nawaz Sharif Sunday inaugurated a trade route linking southwestern Gwadar port to the Chinese city of Kashgar.

China's yuan is poised to enter the International Monetary Fund's elite SDR basket of currencies.

Economic growth, which soared to over 20 percent in 2007, has collapsed to less than two percent.

Around 30,000 Africans live in New Delhi and many are suffering of discrimination and even violent attacks.

India's Prime Minister Narendra Modi heads to Africa seeking to boost his country's economic influence in a region long dominated by China.