Tag: BRICS
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The Shifting Global Order and Its Impact on Africa
The Shifting Global Order and Its Impact on Africa The global geopolitical landscape is undergoing a profound transformation, and African nations must navigate these changes strategically to secure their interests. As the United States’ influence declines and the BRICS bloc—comprising Brazil, Russia, India, China, and South Africa—gains momentum, the global balance of power is shifting…
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BRICS Investment in Nigeria Surges 189% in Six Months
Nigeria’s foreign capital inflows from BRICS nations surged by 189% in the first half of 2024, rising from $438.72 million in 2023 to $1.27 billion, according to data from the National Bureau of Statistics (NBS). This increase comes amid Nigeria’s efforts to join the expanded BRICS coalition, which added Saudi Arabia, Iran, Egypt, Ethiopia, and…
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BRICS+ countries launches a dialog platform on the diamond industry, the Russian Finance Ministry said
“Within the framework of the Russian BRICS Presidency, the inaugural meeting of the informal dialogue platform on cooperation in the diamond industry was held in Moscow on October 9 in a hybrid format on the sidelines of the meeting of BRICS finance ministers and central bank governors,” the ministry said in a statement after the…
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BRICS countries’ media to promote building a fair world order
“Participants from BRICS countries will facilitate the construction of a fair and equal multipolar world order based on the norms of international right and principles of equality, respect of sovereignty, non-interference in the internal affairs and indivisible security using their information resources,” stated the final declaration of the BRICS Media Summit, which was unanimously adopted…
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BRICS astronomy: South Africa leads collaborative efforts to advance space science
Speaking to Sputnik Africa on the sidelines of the 10th meeting of the BRICS Working Group on Astronomy, held in Kazan, Russia , from September 9-13, Takalani Nemaungani, Chief Director of the Astronomy Portfolio at the South African Department of Science and Innovation, highlighted the leading role his country, as the secretariat of the working…
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BRICS must take the path of becoming the main driver of the interests of the global majority, says expert
Speaking at the session “Expanded BRICS: New Components of Global Stability” at the Eastern Economic Forum (EEF), Dmitry Suslov, Deputy Director of the Center for Comprehensive European and International Studies at the Moscow Higher School of Economics, noted that the BRICS expansion shows the irreversibility of the formation of a multipolar world. At the same…
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BRICS New Development Bank authorizes Algeria to join
Algeria has been authorised to become a member of the BRICS New Development Bank (NDB), the bank’s president, Dilma Rousseff, said on Saturday. A multilateral development bank, the NDB was established by the BRICS group of developing countries – Brazil, Russia, India, China and South Africa – in 2015.Bangladesh, Egypt, the United Arab Emirates and…
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BRICS Bank anticipates greater utilization of local currencies
BRICS Bank anticipates greater utilization of local currencies, NDB chief says The US dollar has the tendency to disrupt financial markets in developing countries president, the New Development Bank’s (NDB) president, Dilma Rousseff, said during the opening of the NDB Board of Governors’ plenary session. Thus, the NDB is placing a strong emphasis on promoting…
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South Africa to host 100 young representatives from BRICS countries to participate in volunteer activities
This was announced by Asanda Luwaca, Executive Chairperson of South Africa’s National Youth Development Agency (NYDA), on the sidelines of the 10th BRICS Youth Summit in Ulyanovsk, Russia . She noted that the participants would work in various fields, such as medicine, art, culture, and sports. According to Luwaca, work has already begun on the…
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