Friday, May 3, 2024

Music | News | Sports | Technology | World|Breaking news, shows, podcasts,Entertainment,events....

BSC honours Rwanda’s heroes,...

As Rwanda marks Heroes’ Day on Thursday, February 1, BSC takes pride in...

Top 10 richest people...

Business Insider Africa, a pan-African innovative business news provider, has presented – courtesy...

South Africa to lead...

The United Nations peacekeeping mission in the Democratic Republic of Congo (DRC), Monusco,...

RDF, Pakistan armed forces...

The Rwanda Defence Force (RDF) Chief of Defence Staff, Gen Mubarakh Muganga was...
HomeWorldAFRICAArgentina, Ethiopia, Iran,...

Argentina, Ethiopia, Iran, Saudi Arabia, and UAE have been approved to join BRICS

Six nations will become full-fledged members of the BRICS group of nations starting January 2024, after their candidacies were approved by leaders of the current member states, South African President Cyril Ramaphosa has announced. The expansion topped the agenda of the summit in Johannesburg this week.

Argentina, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates were welcomed as new members on Thursday. The bloc currently consists of Brazil, Russia, India, China, and South Africa.

“We value the interest of other countries in building a partnership with BRICS. We’ve tasked our foreign ministers to further develop the BRICS Partners Country model and a list of prospective partner countries,” the South African leader added.

BRICS previously expanded only once in 2010, when South Africa joined the organization. The admission was made without any prerequisites. One of the key goals of this year’s summit was to agree to more formal criteria for new candidates

Russian President Vladimir Putin, whose nation will take the rotating BRICS presidency next year, thanked the host of the summit for his contribution to the outcome.

“President Ramaphosa has shown amazing diplomatic skill in reconciling all positions… regarding the expansion of BRICS,” he said.

The group touts itself as an alternative to Western-dominated international institutions, saying that its approach better reflects the emerging multipolar world. Member states have blamed the US and its allies for abusing their position during the moment of unipolarity, which they enjoyed following the collapse of the Soviet Union. As Western influence dwindled, its leaders leveraged tools under their control, such as the dollar, to protect its hegemonic position, BRICS members claim.

Participants of the summit expressed confidence that the organization’s influence will continue to grow. BRICS seeks to maintain a balanced approach to its admittance policy so that all parts of the world are represented and have an influence on its agenda.

 

Continue reading

BSC honours Rwanda’s heroes, pledges support to national devt

As Rwanda marks Heroes’ Day on Thursday, February 1, BSC takes pride in joining the nation in honouring the courageous individuals who have played pivotal roles in the country's history, contributing to peace and prosperity. Heroes' Day is a solemn...

Top 10 richest people in Africa at the start of 2024

Business Insider Africa, a pan-African innovative business news provider, has presented – courtesy of the Forbes real-time billionaires list – the top 10 richest people in Africa at the start of 2024. The Forbes Daily billionaires ranking platform tracks daily...

South Africa to lead new military force in the DRC

The United Nations peacekeeping mission in the Democratic Republic of Congo (DRC), Monusco, is ending after 20 years. It will be replaced by troops from the Southern African Development Community (SADC), led by the South African military. Thomas Mandrup,...