Egypt, Ethiopia, Saudi Arabia & UAE Are Among 6 New Members Of BRICS Economic Bloc

BRICS Summit 2023 - Egypt and Ethiopia are slated to become new members of the BRICS group of emerging economies starting in 2024, according to statements by South African President Cyril Ramaphosa on Thursday. The expansion will also include the United Arab Emirates, Argentina, Iran, and Saudi Arabia, thereby enlarging the bloc’s current composition, which consists of Brazil, Russia, India, China, and South Africa. The declaration was made by President Ramaphosa during a summit of the BRICS bloc held in Johannesburg. Following two days of discussions at this week’s summit, the existing five members have reached an agreement to enlarge the bloc, although President Ramaphosa noted that the concept of expansion had been in development for over a year. This marks the second occasion that BRICS has opted for expansion, with its initial formation in 2009 by Brazil, Russia, India, and China, followed by the inclusion of South Africa in 2010. Currently, the BRICS coalition represents approximately 40% of the global population and contributes over a quarter of the worldwide GDP. ▬▬▬▬▬▬▬▬▬ ✅SUPPORT US /AFFILIATE LINKS Use this affiliate link for your purchases at #MIZIZI International - Support our channel - PayPal: newafricachannel(at) Follow us on Instagram - Follow us on Twitter - Join us on Facebook - ▬▬▬▬▬▬▬▬▬ ✅COPYRIGHT DISCLAIMER The New Africa Channel doesn’t fully own some of the materials compiled in its videos. It belongs to people or organizations who ought to be respected. If used, it falls under the following provisions: Copyright disclaimer section 107 of the Copyright Act 1976. “Fair use“ is allowed for purposes such as criticism, comment, news reporting, teaching, scholarships, and research. ✅ If you are the owner of the materials used in this video, contact us, and we will follow your request immediately: info(at) ▬▬▬▬▬▬▬▬▬ ✅COMMENTING POLICY Keep your comments and posts appropriate, helpful, and relevant. Any offensive, disrespectful, harmful, threatening, vulgar, obscene, or inappropriate content will be removed immediately. Spamming, vandalizing, promoting, and advertising are also not allowed. While we encourage free speech and open discussion, attacking or harassing other users is not tolerated. Repeat violators of this policy will be reported and may face a ban. ▬▬▬▬▬▬▬▬▬ #AfricaNews #TopAfricaNews #News #NewsAfrica #AfricaNews