BRICS: HOW WILL THEY BENEFIT AFRICAN COUNTRIES

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1. The BRICS countries (Brazil, Russia, India, China, and South Africa) represent a group of emerging economies with a combined population of 3.23 billion people, making up 41% of the world's population.
2. They also represent 24% of global GDP and hold 16% of the value of global trade.
3. Other countries, such as Argentina and Iran, have expressed interest in joining the BRICS coalition.
4. China has also mentioned the possibility of a "BRICS Plus" cooperation that could potentially include countries like Kazakhstan, Uzbekistan, Egypt, Thailand, Indonesia, Nigeria, Senegal, and Saudi Arabia.
5. The BRICS countries have been working to strengthen their economies and have created the New Development Bank, a $100 billion investment that aims to challenge the dominance of the World Bank and the International Monetary Fund.
6. The BRICS countries have also been expanding their trade and cooperation with each other, including in the areas of oil, agriculture, and technology.
7. The emergence of the BRICS countries has the potential to shift the balance of global economic and political power away from the US and EU.
8. This could potentially provide African countries with alternative options for economic development and growth.
9. The BRICS countries have shown a commitment to promoting democracy in international relations and making the global economy more inclusive.
10. The "BRICS Plus" cooperation platform is specifically designed for cooperation and development among emerging markets and developing countries.
11. The NDB (New Development Bank) and the $100 billion reserve currency provide alternative international payment options for BRICS countries and others that join the group.
12. This could potentially decrease the dominance of the US and EU in the financial market and lead to a decline in the popularity of the US dollar as the world's reserve currency.
13. Russia, in particular, has been expanding its presence in the BRICS countries, including through increased oil deliveries to China and India and cooperation in agriculture.
14. Russian IT companies are also expanding their activities in India and South Africa, and Russian satellites are providing cable TV broadcasts to 40 million people in Brazil.
15. The BRICS countries are working to create solutions that bring nations together rather than divide them, and the "BRICS Plus" cooperation platform could potentially serve as a model for global governance.
16. The BRICS countries have shown a willingness to work with each other and with other countries to address global issues such as climate change and pandemics.
17. The BRICS countries have a shared commitment to multilateralism and the rules-based international system.
18. The NDB is a multilateral development bank that is open to membership from all countries and is intended to provide financing for infrastructure and sustainable development projects.
19. The BRICS countries have a significant influence on the global stage and have the potential to shape the future direction of international relations and the global economy.
20. African countries could potentially benefit from increased cooperation and trade with the BRICS countries and the opportunities provided by the NDB and "BRICS Plus" platform.