BRICS

25 Aug

BRICS To Control 30 Percent Of World’s GDP

Wontumi2BusinessBRICS

Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates will officially become full members of emerging economies bloc BRICS, which stand for Brazil, Russia, India, China and South Africa. South Africa’s President Cyril Ramaphosa, who announced the consensus decision during a Heads of State press briefing on the last day of the 15th BRICS Summit held in Johannesburg, South Africa, said membership of the six nations will take effect January 1, 2024. The addition now means that the BRICS economic bloc will cumulatively control at least 30 percent of the global GDP with China leading the pack with…

24 Aug

AfCFTA Will Unlock Benefits For Both African And BRICS Countries – Ramaphosa

Wontumi1BusinessAfCFTA, BRICS, Cyril Ramaphosa

South African President, Cyril Ramaphosa is optimistic that the African Continental Free Trade Area Agreement (AfCFTA) will unlock immense economic benefits for the African continent and other trading blocs around the world. The African leader who made these comments in an opening remark at the 15th BRICS Summit in Johannesburg South Africa explained that advancing the African agenda is a strategic priority for South Africa which is currently chairing the BRICS bloc. The theme for this year’s summit is on the theme: “BRICS and Africa: Partnership for Mutually Accelerated Growth, Sustainable Development and Inclusive Multilateralism” with more than 20 more…