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Browsing: BRICS Africa
- Egypt and Ethiopia have been onboarded into the BRICS bloc.
- BRICS has announced increased investment and trade with Africa.
- Africa stands to gain with increased representation in BRICS.
The presence of BRICS in Africa has grown exponentially with the onboarding of two of the continent’s most populous economies, Egypt and Ethiopia. This move is poised to give Africa a much larger representation in the growing economic formation even as other economies, such as Kenya, express interest in joining the BRICS ecosystem.
“The expansion of BRICS in 2024 has undoubtedly increased Africa’s weight in international affairs and contributed to the ongoing discussion on the complexities of multipolarity,” reports Daria Zelenova, Head of the BRICS African Strategy Centre and Institute for African Studies.
In the wake of the 16th BRICS in Kazan, Russia, Zelenova said, “The development of strategic and commercial ties between BRICS and Africa reflects the pragmatic interest in the …
- Heads of State from China, Brazil, and India, except Russia will attend the 15th BRICS summit in Johannesburg South Africa, starting August 22.
- President Vladimir Putin will participate in the summit virtually but will be represented in Johannesburg by Foreign Minister Sergei Lavrov.
- The bloc is also expected to discuss how to boost local currency fundraising and lending within the New Development Bank.
The five nations, Brazil, Russia, India, China and South Africa (BRICS) are now a band of economies showcasing their ambition to maximize their emerging economies potential, across geopolitics axis. In one day time, heads of state from China, Brazil, and India, (except Russia) will attend the 15th BRICS summit in Johannesburg South Africa from August 22-24.
South African President Cyril Ramaphosa, Chinese President Xi Jinping, Brazil’s President Luiz Inacio Lula da Silva and Indian Prime Minister Narendra Modi are expected to discuss a number of items as …