South Africa says it will use its presidency of the G20 – the first by an African nation – to put the priorities of the African continent onto the agenda of the powerful global economic forum.

South Africa's G20 presidency next year will focus on mobilising finance for nations stricken by climate-induced disasters and extending debt relief for developing countries, President Cyril Ramaphosa said on Tuesday.

South Africa has taken over the presidency of the world’s premier economic forum, the G20, from Brazil. The G20 presidency operates on a troika system made up of the current, previous and next holders.

The focus would also be on Africa’s high debt levels, financing the just energy transition and the strategic use of critical minerals

South Africa will support Nigeria in becoming a member of the G20, President Cyril Ramaphosa said Tuesday during the official launch of his country’s presidency of the G20 in Cape Town. This is the first time that an African country will lead a group of powerful nations on a yearly rotational basis.

Together, G20 members account for around 85 percent of global gross domestic product and 75 percent of international trade.