Algeria, Nigeria and Uganda became another African countries that joined BRICS during the summit of this group last week in Russian Kazan. For now, as partner countries, at least 9 further applications have been submitted for admission.
BRICS, originally composed of Russia, Brazil, India, China and South Africa, is determined to change the order of the economical structure of the world, and trying to play Russia's leading function in it – to argue the block of the United States and, more broadly, the West. To this end, it brings to its side further developing countries, primarily from Africa, due to the fact that there are the most of them. In January, 4 fresh members were co-opted to BRICS: Iran, the United arabian Emirates and, from Africa, Egypt and Ethiopia. In October, another thirteen were invited.
Nigeria is the most fresh African fisher, who has already expressed an interest in strengthening trade, technology and safety cooperation within BRICS. It has now acquired the position of a partner country invented in the Sermon to extend BRICS to countries that, for various reasons, do not meet the criteria previously set out.
Nigeria is the most populous country on the continent, with about 200 million inhabitants, which can be an attractive consumer marketplace in the future. In the future, due to the fact that the country is presently experiencing the worst crisis in decades. Over 87 million people live below the poorness line. Average monthly earnings are little than $20 and inflation exceeds 30%.
When BRICS is counting on Nigerian consumers, Nigeria expects fresh investment partners and technologies. The country has a wealth of oil and gas, but years of neglect have caused itself to import gasoline and petroleum products.
Algeria besides became an African partner country, to the surprise of the Algerians themselves. The state applied for entry into the block almost a year ago, but did not receive an invitation to the erstwhile summit in Johannesburg. In early October, president Abdelmadjid Tebboune announced that his country would not search admission again, although he would stay a associate of the fresh Bank for improvement BRICS, to which he contributed $1.5 billion.
Algeria has the largest land area in Africa, is rich in mineral and energy resources and as 1 of the fewer continent countries there is no external debt. The president considers that Algeria meets all the requirements to join BRICS as a full member, and last year's rejection of its candidacy was purely political. In the opinion of the Algerian side, the United arabian Emirates was to be behind this decision.
The relations between the 2 countries have importantly deteriorated after Algeria imposed sanctions on UAE companies, in return for its support of the rights of the hostile Algerian Morocco to Western Sahara. In Kazan, Abu Dhabi protests were silenced and a form was chosen to go out with the face of both countries.
The 3rd African country to receive partnership position is Uganda, whose budget gross mostly comes from agriculture. Uganda, erstwhile entering BRICS, expects increased investments in this sector, especially in the area of coffee and tea production. Thanks to the marketplace economy, abundant fertile soils, oil and gold reserves and young English-speaking populations Uganda is seen by BRICS as a country with large potential. No 1 in this group is disturbed that under president Yoweri Museveni, who has held power since 1986, democratic institutions are severely restricted and corruption flourishes in the country.
The Democratic Republic of the Congo, the Comoros, Gabon, Morocco, Senegal, Guinea-Bissau, Zimbabwe, Cameroon are besides waiting to be examined; Angola is besides counting on the invitation.
At last year's BRICS Summit in Johannesburg, a typical of Namibia was present, but this South African country decided yet not to enter the block, although it conducts intense trade transactions with the countries belonging to it. Kenya, 1 of Africa's strongest economies, is simply a akin policy, powerfully urged from within and outside to join BRICS.
The BRICS countries account for around 42% of the world's population, 30% of the world's land area and 24% of global economical production. But the block is inconsistent in all respect – alongside China's powerful economy is Ethiopia, where almost 30 million people live in utmost poverty. He struggles with interior divisions in a number of issues, including in relations with the United States and on his stance towards Russia's invasion of Ukraine. The dispute over the Ethiopian large Rebirth Dam on the Nile could at any minute turn into a war between Egypt and Ethiopia. There are no little tensions between Algeria and the candidate Morocco. The increasing number of African members can therefore, on the 1 hand, increase BRICS' influence, but introduces fresh tensions.
For African countries BRICS is not an alternate to the West, as Russia would have liked, but an additional possible origin of money and investment. By the way, it gives you the chance to feel like playing an crucial function in the global economy.
Source: PAP / Tadeusz Brzozowski, Lusaka
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