World
Brazil Steps Down as BRICS Chairman After Six Months
By Kestér Kenn Klomegâh
The BRICS group—Brazil, Russia, India, China, and South Africa—has uniquely emerged as a geopolitical player. Since its establishment, it has transformed into an informal association, struggling to re-shape the global architecture. Noticeably the world is rapidly changing from rules-based unipolar to multipolar, which can be attributed to BRICS leadership. Under Russia’s chairmanship, it had seen several activities throughout 2024, and currently Brazil, despite escalating challenges rooted at home, still managed through with innovative strategies and with robust multilateral collaborations. Brazil hands over its presidency in July (from Jan. 2025 to July 2025) after taking the baton during the BRICS Summit in Kazan, Tatarstan. Comparatively Kazan witnessed more engaging BRICS programmes and activities, both from the public and private sectors, than under Brazil’s half-a-year (six-months) leadership. The was, historically, the first time in terms of leadership duration.
At the request of Brazil, Russia headed BRICS in 2024. Brazil had proposed and Russia assumed this role in 2024. In turn, Brazil leads, but only half-way into the chairmanship in 2025. “Brazil has formally asked Russia to change the order of the BRICS presidency as an exception to Brazil’s plans to lead the G20 in 2024. Of course, we have responded positively to the Brazilian partners’ request. The agreement was supported by other members of the bloc and secured through an exchange of diplomatic notes,” the Russian ministry explained at that time.
Under Russia in 2024, significant developments, in the first place, was the expansion of BRICS, with the inclusion of Ethiopia, Egypt, Iran, and United Arab Emirates. And the re-titling BRICS+ (BRICS Plus). Reports indicated that over 30 countries were interested in joining BRICS. Russia’s chairmanship emphasized advancing multifaceted cooperation, promoting the idea of a unified BRICS financial system and a new digital currency to rival the US dollar. Despite a few controversies, the group adopted the final declaration.
In an entirely different geopolitical context, Brazil’s presidency of BRICS (Brazil, Russia, India, China and South Africa) abruptly ends in July due to multitude of internal economic and political hurdles that need to smart attention. After making unique headlines these past months, Brazil indicated the necessity to undertake explicit blend of economic reforms to preserve its political status and adopt grassroots innovation to save further nation-wide depreciation. The negative economic narratives combined with an increasing social discontent among the population also show the growing political complexities on its landscape. The assertive, and at the same time, contradictory message relates to disillusionment over unexpected handing over of BRICS chairmanship midway of the scheduled one-year period and the scaling back of admirable tasks including development priorities and future policies for BRICS set at the end of its historic administration by Russia in December 2024.
With tectonic symbolism, Brazil took over, for the fourth time, the baton of BRICS chairmanship from January 2025, pledged to assertively work towards a broader equitable economic cooperation. The leadership rotates annually among member countries. It is done in a set order, promoting equal representation and participation. The leadership transition is significant for shaping the agenda and priorities of the group. Brazil, like other BRICS members, repetitively spoken to end dollar dominance, create a single BRICS currency, express passion for dealing with critical challenges and build a multipolar world. Luiz Inácio Lula da Silva, both in tone and policy approach, have made a few changes, rolled back the association’s aggressive promotion of its laid down posture in building strategic common objectives.
For the past six months, Brazil at the helm of BRICS, has observed the ‘status quo’ – leveraged on the traditional main stream of operations including pushing for reforms in global governance and made attempts, mostly with official rhetoric, promoting sustainable development. Right from the initial stage, this ambitious agenda raised a fundamental question: whether the alliance would advance its alternative global governance vision, or would it remain primarily a forum for economic cooperation Recollecting the facts in the documents, one particular focus was set at strengthening cooperation among Global South countries. Under the theme is “Strengthening Cooperation in the Global South for More Inclusive and Sustainable Governance”, Brazilian leader, Luiz Inácio Lula da Silva, has pursued various activities within the existing constraints. In the latest, and most possibly, the last activity, as part of steps toward July’s handover, Brazil hosted from June 30 to July 7 one key event BRICS+ Open Science Week, — the Decade of Science and Technology declared by President Vladimir Putin in Russia. It was within the framework of the federal project Popularization of Science and Technology of the Scientific and Technological Development of the Russian Federation State Programme. The project aimed at promoting scientific and technical knowledge among the general public and helping people discover the wonderful world of science and establish a community of science popularizers. The main themes relate to the priority spheres of BRICS activities, namely, food security and agriculture, energy security and sovereignty, healthcare, sustainable development, AI technologies, and space exploration.
As stipulated in its documents, BRICS has set one more of the primary goals as counteracting rules-based order and western hegemony, dismantle the political and economic architecture of the United States and Europe. The group’s remarkable growing attraction and unwavering commitment to reshaping the global economic landscape offer the basis for south-south alliance. At, least, majority of the developing countries in the south are, more or less, rattles that rhetoric in theory, but in practical terms are seemingly ready to strengthen cooperation with United States and Europe.
The Global South have devoted extensive attention to food security issues, underlined cooperation with non-Western countries as a guarantors of food stability. Experts however emphasized this goal of ensuring food security is rather distinctively marked by food imports, especially developing countries including Africa. Sustainable alliances and new principles of cooperation are emerging, but developing countries are trapped in the multilateral financial networks such as the International Monetary Fund (IMF) and World Bank.
Reading further through media reports in June, Russia’s Foreign Minister Sergey Lavrov has outlined comprehensive future vision for BRICS, sounded consistently optimistic over collective collaboration based on mutual interests and equality, contrasting it with Western organizations lacking fair rules and genuine consensus. Then also the establishment of a BRICS Pay system for settlements in national currencies between the group’s members represented one more step in its economic architecture. This includes the possibility of creating a cross-border payment system and an electronic depository and clearance system (BRICS Clear), and a unified mechanism for exchanging trade and economic information.
Foreign Minister Sergey Lavrov has his own interpretation to BRICS expansion. He advocated for a little pause in further expansion, in order to accommodate the work and the new composition of BRICS − so that the group can smoothly get into the new situation with increased membership. According to Lavrov this was the common opinion. “The aspirations of many countries were taken into account when the category of partner countries was established and it is understood that the partner countries would be priority candidates for full membership,” explained Lavrov, summing up the outcomes of the BRICS Foreign Ministers Council meeting, Rio de Janeiro, April 29, 2025.
At the Kazan summit, BRICS leaders emphasized the possibility of expanding the membership of the New Development Bank (NDB). They also proposed bank’s operational portfolio. The NDB has transformed into an institution for mobilization of resources for infrastructure and sustainable development in its member countries and other emerging economies. The NDB has made some impact, but there is much room for improvement and for strengthening its model of operations.
The latest developments concerning the NDB’s operations were discussed on the sidelines of the St Petersburg International Economic Forum (SPIEF) in June 2025. Russian President Vladimir Putin held a working discussion with Dilma Rousseff, President of the New Development Bank (NDB). That discussion pointed out a few challenges and, at the same, underlined the pathways into the future. According to official reports made available by the Kremlin, Putin urged the bank to consider seriously the adoption of new financial payment systems and the possibility of settlements in national currencies. Putin further underlined the state of operations, stated that the NDB has, so far, financed approximately 120 projects worth US$39 billion.
Established in 2015 by the BRICS leaders, the New Development Bank (NDB) has since faced multitude of challenges, especially now with geopolitical changes and emerging economic hurdles. “Of course, we face a number of challenges,” Dilma Rousseff replied in her brief response. Rousseff, in addition, referred to the second very important issue, that is the expansion of membership and stakeholders, partners of the bank. As at June 2025, two countries were selected as new members: Uzbekistan and Colombia. And two more countries are still under consideration: Ethiopia and Indonesia.
According to media reports, other multilateral development institutions, including the World Bank, have expressed an intention to work together with the NDB. In May 2023, Saudi Arabia expressed its intention to join the NDB. The bank is headquartered in Shanghai, China. The first regional office of the bank was opened in Johannesburg, South Africa in 2016. Subsequently, regional offices were established in São Paulo in Brazil, Ahmedabad in India and Moscow in the Russian Federation.
Its historical records show that Brazil, Russia, India, and China held their first leaders’ summit in Yekaterinburg, Russia, in June 2009 under the name BRIC. Then South Africa joined the group in 2010. That however, Ethiopia, Egypt, Iran, Saudi Arabia, and the United Arab Emirates were invited to the 2024 summit in Russia. With the second expansion in Kazan, the acronym BRICS+ (in its expanded form BRICS Plus) is currently used reflecting newly transformed membership. In addition, it has 13 countries in the ‘partner state’ category, boosting its numerical strength and collective power.
Unbelievably the potential of BRICS has benefited greatly from expansion. The BRICS countries represent nearly half of the world’s population, and their aggregate GDP makes up about 40 percent of global GDP in terms of purchasing power parity, more than that of the G7, which means that the Global South is becoming a new pillar of support for growth. On the other side, and it must be noted that more than 60% of the population of these BRICS members have unimagineable levels of poverty, despite the enormous resources both human capital and natural resources. Considering this, it stands to reason that BRICS continues to attract the Global South and Global East countries that seek mutually beneficial partnerships and jointly raised the level of development and standard of living. Hopes are still rising high that after the 17th BRICS summit in Rio de Janeiro on July 6-7, the Global South and Global East countries continue steadfastly to contribute to the collective efforts of BRICS association in the coming years ahead, and new leadership (with its three key strategic partnership areas: politics and security, the economy and finances, culture and the humanitarian ties) would broadly create new prospects, uphold the tenets of multilateralism and open new horizons for BRICS+ group—Brazil, Russia, India, China, and South Africa.
Kestér Kenn Klomegâh has a diverse work experience in the field of business intelligence and consultancy. His focused research interest includes geopolitical changes, foreign relations and economic development related questions in Africa with external countries. Klomegâh has media publications, policy monographs and e-handbooks
By Modupe Gbadeyanka
To serve rising global customer demand for responsibly sourced natural rubber, Olam Agri has acquired Asia Africa Rubber Industry SA (ASAF).
The acquisition is expected to unlock synergies across the company’s global logistics, supply chain, trading and marketing network, strengthening the supply of responsibly sourced rubber to key export markets. It also increases access to international rubber customers through ASAF’s existing strategic partnerships.
It was gathered that the takeover of ASAF helps Olam Agri to scale its rubber processing capabilities in Côte d’Ivoire, as the former adds about 176,000 metric tonnes (MT) to the latter’s annual rubber processing capacity in the country, giving the company greater scale in the country and geographic density that improves operational efficiency and supply reliability.
In addition, the acquisition advances Olam Agri’s commitment to sustainable, traceable natural rubber.
Additional processing capacity and greater oversight over origination in Côte d’Ivoire enable the organisation to extend plot-level traceability and responsible-sourcing standards. This will support its customers’ due-diligence and deforestation-free supply chain requirements as regulatory and buyer expectations continue to rise.
Global natural rubber consumption is driven by automotive and industrial applications, with annual demand of around 14–15 million MT.
Industry forecasts point to sustained long-term demand for technically specified natural rubber (TSR). Côte d’Ivoire has grown into the world’s third-largest producer of natural rubber and exporter of TSR, driven by a significant scale-up of rubber cultivation and local processing capacity.
“The acquisition of ASAF marks an important milestone for our rubber business. Over the past five years, we have expanded processing capacity in Côte d’Ivoire more than four-fold through sustained investment across the value chain.
“ASAF builds on that progress and reflects our long-term commitment to investing in the country.
“As demand for traceable and responsibly sourced natural rubber continues to climb, we are well-positioned to provide customers with the quality, consistency and service they require,” the chief executive of Fibre, Agri Industrials and Ag Services at Olam Agri, Ashok Hegde, stated.
Also commenting, the Global Head of Rubber at Olam Agri, Vijeth Shetty, said, “ASAF is a strong strategic fit with our rubber operations in Côte d’Ivoire. Its processing operations, sourcing network and customer relationships complement our business, improving efficiency, deepening our capabilities across the value chain and broadening our reach in key markets.
“We are excited to welcome ASAF’s employees into Olam Agri and to build on the solid foundations they have established.”
By Modupe Gbadeyanka
A $1 million funding package has been secured by an Artificial Intelligence (AI) startup, Echovane, to expand its market research platform.
The fresh capital would be used by the company to build AI agents that execute market research end-to-end, used by Fortune-500 firms, including P&G, Haleon, and Kantar.
Echovane will utilise the funds, co-led by Titan Capital and Neon Fund, to make complex market research a done-for-you AI-native service.
The platform is built on the premise that AI should take on the machinery of research while researchers retain control over the judgment. The result should be faster execution without sacrificing rigour, traceability or trust.
Echovane was founded by former Amazon, Stripe, Gojek and Razorpay product leaders and graduates of the Indian Institute of Technology, Smriti Gupta, Vipul Nair and Himadri Roy.
They initially set out to build an AI moderator for consumer interviews. But the deeper they went, the clearer it became that the interview was only a fraction of the problem. Research teams were still spending weeks recruiting participants, coordinating fieldwork, analysing evidence and turning it into something the business could act on.
So, the founders expanded Echovane into the execution layer for the entire research process.
“We thought better AI interviews would unlock faster research. But that was only one step in the research operations, for one methodology of research.
“In reality, research is more complex, and can vary from interviews to unobtrusive observations and longitudinal studies. It has multi-level complexity including finding niche participants, getting the research completed on time with them and maintaining quality checks,” the chief executive of Echovane, Smriti Gupta, stated.
“This funding allows us to deepen the agent infrastructure behind Echovane, expand our multimodal capabilities, and strengthen the global participant network required to deliver increasingly complex studies with consistency,” the chief technical officer, Vipul Nair, noted.
Also commenting, the chief operating officer of Echovane, Himadri Roy, said, “Having done the research ourselves, we understand the operational pain researchers have to go through to conduct a good research that gives useful insights.”
“Echovane has made complex, multi-market studies feel simple. They find the right hard-to-reach participants, handle the nuances across markets and languages, and deliver actionable insights with remarkable speed and consistency,” the Consumer Science and Product Experience Lead for Haleon, Zee Alcasid, disclosed.
“Echovane turned a month of product research into two days. They reached exactly the right participants and let us test, learn and iterate continuously across multiple audiences, countries, product variants all within a single study that would be impossible to execute at speed and scale,” the chief product officer for Trustly, Adam D’arcy, stated.
A spokesperson for Titan Capital said, “We have backed Smriti, Vipul and Himadri because they have deeply understood why market research has stayed slow and expensive for decades.
“With Echovane, they are building an AI-native, end-to-end research platform focused on the quality of the final insight, encoding each client’s context into a system that gets sharper with every study.
“They are turning research from a recurring expense into compounding infrastructure — faster, cheaper and genuinely deeper. Their first-principles thinking and capital-efficient execution gave us confidence in Echovane’s long-term potential.”
By Kestér Kenn Klomegâh
Russia’s system of foreign students’ admission is currently experiencing a completely different shape, due to the rapidly shifting geopolitical reality. The emerging trends are closely connected with increasing the number of highly interested applicants rather than the quality of education. The geopolitical shift is pushing Russia to make education for young Africans an ultimate priority. The quota campaign has already begun as the figure compares favourably with previous benchmarks but, to some considerable extent, noticeable challenges are currently affecting enrollment from Africa, Asia, and Latin America.
Despite that, general interest in Russian education among foreign nationals is increasing; the quota campaign confirms this trend. Last year, for instance, there were about 144,000 registrations in Rossotrudnichestvo’s Education in Russian system. The number has exceeded 160,000 in 2026. What is important here is that Russia shows preparedness to get more students from developing countries, especially from Africa and uses it as a factor for influencing its foreign policy in the region.
Regarding educational initiatives, the Russian Ministry of Foreign Affairs, in conjunction with relevant agencies and organisations are active in Africa. Noticeably, Russia is developing and expanding the existing, successfully operating cooperation in the sphere of education. In fact, priority is given to projects in the field of education and training of professional personnel for African countries. Currently, over 37,000 students from Africa are studying at Russian universities. Reports say a gradual increase in the number of scholarships for African citizens and the expansion of the range of professional training programs will provide a strong incentive for further promoting education at Russian universities.
This will continue to actively strengthen inter-university ties with African partners, including through specialised umbrella organisations such as the Russian-African Network University, the Consortium of Technical Universities “Nadra Africa” based at the Empress Catherine II St. Petersburg Mining University, the Russian-African Network Transport University, and the Consortium of Russian Universities Working in West Africa based at the NGO “Centre for Public Diplomacy.”
Reports further indicated that the Rossotrudnichestvo representative offices—the Russian Science and Culture Centres—operating in eight African countries, as well as the Open Education Centres operating under the auspices of the Russian Ministry of Education in 31 African countries, serve as a solid foundation for our humanitarian presence in Africa. They serve as conduits for the Russian language and culture on the continent. It is, however, hoped that their number would only increase in the subsequent years.
While addressing the staff and students at the Moscow State Institute of International Relations, Foreign Affairs Minister Sergey Lavrov reiterated Russia’s readiness to cooperate actively in the sustainable economic development and to strengthen efforts at training the needed specialists and professionals for Africa. After the collapse of the Soviet system in 1991, there were problems sustaining relations with Africa. Then, after more than a decade, Russia started to return to Africa. This process has been ongoing for the past 15 years, according to the top Russian diplomat.
According to Lavrov, these past few years have been characterised by frequent interactions between Russian and African Foreign Ministers, plethora of MoUs were signed that set out the broad parameters of cooperation. Russia’s Education Ministry and the Foreign Affairs Ministry have raised the quotas for many African countries, the highest given to Angola, Ethiopia, Namibia and Mozambique, and South Africa.
According to a report posted on the MFA website in August, for instance, some 1,120 Angolans have enrolled, on Russian scholarships or grants, at various institutes and universities throughout the Russian Federation. Figures for other African countries are available on the official information portal of the ministry.
Besides state-sponsored students, Russia’s Education Ministry has also launched a large-scale educational campaign targeting the recruitment of private foreign students into its educational institutions across the Russian Federation. The program is to be implemented until 2025, which has a website (studyinrussia) translated into different languages, seeks to boost the popularity and improve its image abroad.
Undoubtedly, Russia aims at strengthening the next generation of pro-Russian elites who will help promote its interests, including long-term ones in their home countries. With this in mind, the Ministry of Education and the Ministry of Foreign Affairs, ultimately, hope to improve the efficiency of “soft power” in Africa, though not to the levels during the Soviet era.
Understandably, Russia is now targeting Africa’s fast-growing population as a huge potential market for knowledge transfer and export education. Rossiyskaya Gazeta, a widely circulated Russian daily newspaper, reported that Russia has been focusing on the young population in developing countries of Asia, Africa and Latin America, targeting the elite and middle class in these markets for the export of education, which has great potential.
The newspaper reported on the advantages of multiculturalism and cross-cultural interactive activities paving the way for integration in Russian society. As far back as 2023, Russia’s Federation Council and State Duma (upper and lower houses of parliament) passed a bill. That bill was finally signed into law, allowing foreign students the right to employment, a replica of the work and study model in Western and European countries.
Professor Viktor Sadovnichy, Rector of Moscow State University and Chairman of the Russian Rectors’ Association, an organisation that unites more than 700 heads of higher education institutions, argued that education and demography are interconnected; developing countries of Asia, Africa and Latin America have growing middle classes. “This favours the export of our education; it has great potential cooperating in the education sphere, it could serve as a huge market – training young professionals that are in demand on the labour market,” Sadovnichy said, addressing a plenary meeting of the Russian Rectors’ Association at Peter the Great St Petersburg State Polytechnic University.
Professor Natalia Vlasova, Deputy Rector at the Department of International Relations and Cooperation of the Ural State University of Economics in Yekaterinburg, explained that many African countries are developing rapidly, and the African elites and the growing middle-class have great potential for sponsoring their children’s education abroad. “In the times of the Soviet Union, African countries were strategic partners, and now we should reactivate these relations because in the near future they will have big economic and political power. This could, indeed, be a huge market and has the business potential,” she noted assertively.
An educational survey released in September 2024, divided into five major groups, said Russia has made significant efforts at improving teaching (the learning environment), research, citations (research influence), knowledge transfer, and international outlook (staff, students, research) in the educational field, according to the Times Higher Education (THE) World University Rankings.
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