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Expanding BRICS for Numerical Strength or Ensuring Qualitative Geopolitical Influence

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BRICS Geopolitical Influence

By Professor Maurice Okoli

As stipulated by the guidelines, Russia will take over BRICS [Brazil, Russia, India, China and South Africa] from January 2024.  With the heightening of geopolitical tensions, Russia’s priority focus is on the group’s possible enlargement to counter U.S. hegemony. It plans to push seriously for critical reforms in the international financial architecture and create a solidified platform for building an equitable multipolar world order.

In the past few years, the BRICS group has taken a number of broad initiatives that aim at countering hegemonic policies and against the collective West for imposing the ‘rules of the game’ on the world majority. There have been explicit indications that Russia’s BRICS presidency from January 2024 will constitute another clear chance towards entering into forming alliances with Africa, Asia and Latin America.

Deputy Foreign Minister Sergey Ryabkov said in early October that BRICS had agreed on a list of candidates for partner-state status ahead of the upcoming summit in Kazan in 2024. According to Ryabkov, during the Russian BRICS chairmanship, special attention would be expanding the “circle of BRICS friends,” including in Latin America.

Many Latin American countries have expressed their desire to join the group. African countries, particularly Burkina Faso, Chad, Mali, Niger and Central African Republic have appeared on Russia’s list as potential members. In addition, Angola, Kenya, Nigeria, Senegal and Zimbabwe have appeared in media reports, striking membership deals with Russia, hoping to secure their ultimate accession to BRICS status during Russia’s chairmanship.

Currently, Russia is supporting African countries in their fight against trends of growing neocolonialism, forging close cooperation in preserving their sovereignty and political independence. Russia has persistently been confronting Europe and the United States over dominating and exploiting Africa. The relationship between China and Russia is strengthening. Nevertheless, China and Russia still have their approaches to some global issues. China promotes cooperation even with the United States, while Russia insists on confrontation. Creating divisions and partitions is simply not the right path to global peace and development. Why not attempt to reach ‘consensus’ – the catchword of BRICS? This fierce political confrontation is sharpening disunity across Africa, and impacting the prospects of the African Continental Trade Area [AfCFTA], the African Union’s flagship program under the Agenda 2063.

Despite the continental instability, African countries still seriously consider the traditional markets in the United States and Europe for their revenue products, and the recent Johannesburg summit witnessed in-depth discussions relating to new agreements between the AfCFTA and the African Growth and Opportunity Act [AGOA] which will presumably be extended for another 16 years, until 2041. It offers certain broad conditions as a stepping-stone to address regional and global challenges, especially for Africa’s young and entrepreneurial population. That expected leverage will strengthen trade relations with Africa.

South Africa and BRICS

South Africa has so far displayed pragmatism. It deals with global players without discriminating. Moreover, South Africa has adopted ‘neutrality’ and further taken non-aligned positions on many issues in its foreign policy, thus fulfilling the promise of strategically working on the bilateral relationship with all countries. Research establishes noticeable facts, for instance, that South Africa’s export trade to the United States, United Kingdom and the European Union account for a combined 35%, and with China around 9%. United States trade with South Africa totalled $25.5 billion in 2022. Exports were $9.3 billion; imports were $16.2 billion. Russia’s trade was $1.3 billion with South Africa in 2023.

With an estimated population of 58 million, South Africa [BRICS member] is the southernmost country in Africa. Energy deficit has crippled industrial operations and supplies for domestic use have largely been reduced. Social discontent, as a result of the multiple crises, has engulfed every corner of South Africa. The World Bank has approved a $1 billion loan to support South Africa’s energy sector which is currently experiencing worse conditions including inadequate funds for overhauling, renovation and upgrading.

At the end of the 15th BRICS summit held in South Africa, the leaders called for a more active use of national currencies in financial transactions as part of the adopted declaration. But the basic arguable question here remains that the well-established BRICS+ format and many new members joining BRICS in 2024 have, over a long period, had profitable trade ties with the United States and Europe.

For fresh members, it is the significance of trade and economic partnership between them and BRICS. In fact, balancing the economic interests of these African countries is as important for this sustainable world order as lasting peace and indivisible security. Therefore, Russia’s leadership has to provide that platform and step-by-step to advance their development-oriented aspirations and streamline the effective full-scale operational activity with BRICS.

Application process

Discussions about the expansion and entry of new members were little addressed until the early 2020s. The leaders and top-ranking diplomats of the founding bloc began the discussions for the expansion of the group, most often referring to 2010, the year South Africa joined after accepting an invitation from China. BRICS is the acronym composed of the first letters of the countries’ names in English. The term BRIC was originally coined in 2001 by Goldman Sachs economist Jim O’Neill at the University of Manchester, and with South Africa, it was renamed BRICS.

Until today, there is no formal application process as such to join BRICS, but any hopeful government must receive unanimous backing from all existing BRICS members – Brazil, Russia, India, China, and South Africa – to receive an invitation. In a rush to overcome Western imperialist-economic hegemony on the path of strengthening economic integration and developing economic activities, BRICS members, particularly Russia set to indiscriminately ask for applications it termed ‘friendly allies’ from around the world.

While sharing positive concerns for the group’s expansion, existing conflicting issues among new members have to be taken into serious account, as it may likely influence future genuine policy partnerships. The BRICS bloc has not set any concrete criteria, admission of new candidates is determined by a simple ‘consensus’ – a general agreement at the summit. But experts, as the situation over expansion is increasingly evolving, have beamed warning lights over indiscriminate admission of new members.

In August 2023, it was reported that more than 40 countries had shown interest in joining BRICS, including 22 that had formally applied to join. Historically, since 2017 it was China that insisted on promoting the BRICS+ format to attract a large number of non-participating countries to the organization. BRICS’ scope of activities has indeed widened to include issues relating to education and culture, health and living standards, science and technology, finance and politics. Now, of course, many appreciate others joining in building a partnership with BRICS. But now so frequently, and often asked – quality or quantity?

Monitoring various discussions and developments, Alexander Shokhin, head of the Russian Union of Industrialists and Entrepreneurs (RSPP), in early November suggested that BRICS countries should agree on the rules of the game ‘for the five’ before expanding the organization. The BRICS countries have not yet sufficiently formed a common economic policy, whose most important element should be a new monetary and financial system, in order to accept new countries into the organization.

“Considering BRICS as such an alternative [to the Western model of the global economy], to be honest, is that we have not succeeded in rendering BRICS an effective mechanism for forming new rules of global trade, payment and settlement relations, an alternative financial system, and so on, in order to have begun to engage in expansion,” Shokhin said at the plenary session of the International Financial University Forum.

“For me, it would be better for the five [countries] to develop the rules of the game, and to incorporate new members as members joining not the organization, but the rules of the game,” Shokhin added.

Shokhin noted that the process of coming to a consensus is difficult even with the current BRICS composition, “Even when talking about the interests of India and China in creating an alternative monetary and financial system, we see that this is not an easy matter.” In addition, it will be even more difficult to form common rules with such participants as Iran or Ethiopia.

“With the presence of Ethiopia, for example, Iran and a number of other countries, of course, it will be rather difficult to do [to develop new ‘rules of the game’]. In fact, it would be good for us to have Indonesia as a member of BRICS, because Indonesia is one of the examples of a growing economy, based on a combination of the old principles of inexpensive labour resources and technological progress, among other matters, on the latest technological solutions, including robotics, artificial intelligence, and so on,” Shokhin said, describing the preferred vector to expand BRICS.

“BRICS chairmanship should rather aim at trying to make maximum progress in forming the rules of the game within the organization, so that alternative systems could be proposed; and above all, of course, an alternative monetary and financial system, as well as a payment and settlement system,” Shokhin said, summarizing his position regarding the tasks facing BRICS.

Arguments for Expansion

According to Russia’s Ministry of Foreign Affairs, Africa should be an essential part of the BRICS expansion, and form the necessary part of the platform for dealing with growing neocolonialism in the continent. South Africa was considered as a conduit and entry point into Africa when it was admitted as the fifth member in 2010. Despite showing large-scale varying rates of economic development, and unresolved long-standing conflicts between them, Ethiopia and Egypt stand as new members on the recommendation by Russia backed by South Africa and China.

Minister of Foreign Affairs Yusuf Tuggar said in an interview with Bloomberg that Nigeria would seek to become a member of the BRICS group within the next two years as part of a new foreign policy push to have its voice heard in important global organizations.

Nigeria, Africa’s most populous nation, is seeking to assert its leadership role on the continent after years of playing a subordinate in international politics. “Nigeria has come of age to decide for itself who her partners should be and where they should be, being multiple aligned is in our best interest, and therefore it is necessary to transfer cooperation to a new strategic level on the globe,” Tuggar said.

“We need to belong to groups like BRICS, like the G-20 and all these other ones because if there’s a certain criterion, say the largest countries in terms of population and economy should belong, then why isn’t Nigeria part of it?” Tuggar said.

Nigerian President Bola Tinubu, who was invited to attend the G-20 summit in India in September, has said he would push to join as a permanent member. South Africa, the continent’s most industrialized nation, is already a member of the Group of 20 and joined BRICS in 2010, a year after it was formed.

South Sudan’s Ambassador to Moscow Chol Tong Mayay Jang also said that his country is studying the possibility of joining BRICS. The diplomat noted that “given the current geopolitical situation in the world, you see, there are many people who see that BRICS may be the best option.”

The envoy pointed out that “even most of the allies from the Middle East, allies of the West, have already expressed interest to join BRICS.” “Saudi Arabia, which is a very close ally to the US, is now a member of BRICS,” he stressed, adding: “It means that there is something, which is making people now seek a refuge.”

Before we even delve further into the complexity of the possibilities that could happen if those African countries listed to join BRICS, it is important to know what the BRICS agenda has for them or say simply as a show of solidarity, as reports indicated that Central African Republic (CAR) plans to submit an official application to BRICS. Russian Ambassador to the CAR Alexander Bikantov acknowledged in an interview that the CAR continues to develop its relations with the BRICS member states, both at the bilateral level and on various international platforms. “In August 2023, CAR President Faustin-Archange Touadera participated in the [15th] BRICS Summit in Johannesburg,” the diplomat noted. “Contacts were established with the International Alliance of BRICS Strategic Projects. As well, the joint intention for opening representative offices in Moscow and Bangui was declared.”

From various points of view, it is convincing to conclude that the aim of the latest irreversible expansion is touted as a large part of the plan for building a ‘multipolar’ world order that will definitely put weight on hitherto subdued voices of the Global South and brings them up to the centre of the world agenda. Russian President Vladimir Putin said at the St Petersburg International Cultural Forum – Forum of United Cultures on November 17 underlined this fact that the flexible admission of new members to the BRICS association presents an example of “how a compromise can and needs to be sought and achieved without imposing any viewpoint.”

“These are the organizational principles of BRICS, which is not a bloc, all the more so, it is not a military bloc but it creates conditions for achieving mutual understanding,” Putin underscored the principles for enrolling new members.

President Xi Jinping said at the extraordinary BRICS online summit on the Middle East in November that China, along with other BRICS members, would support Russia’s chairmanship of the organization next year. Xi described the BRICS cooperation mechanism as “an important platform for emerging markets and developing countries to strengthen unity and cooperation and safeguard common interests.”

At the Primakov Readings international forum held in late November, Foreign Minister Sergey Lavrov remarked the trends shaping the multipolar order are new realities. The unbalanced and unfair model of globalization is becoming a thing of the past. The emergence of new global development centres, the increasing self-awareness of many developing countries and their refusal to blindly follow former colonial powers.

Today, new players representing the Global South and Global East have stepped onto the international political stage. The geopolitical ambitions of the new global players are buttressed by their economic potential. Their numbers are growing, according to Lavrov, and to support his argument referred to President Vladimir Putin who said at the G20 extraordinary summit on November 22, that a “significant portion of global investment, trade and consumer activity is shifting to the Asian, African and Latin American regions, which are home to the majority of the world’s population.”

“Proceeding from the principles of equality and mutual respect, they are reaching a balance of interests via consensus. It’s no surprise that dozens of states want to get closer to BRICS. The number of BRICS members will double. Another 20 states have made similar inquiries or would like to establish special, privileged relations with this association. Next year, Russia will be chairing BRICS. We will do everything we can for BRICS to strengthen its stature in the international arena and to continue playing an increasingly greater role in creating a fair world arrangement,” underlined Lavrov at the Primakov Readings international forum, which is held yearly for politicians, diplomats, experts and academics, originally initiated since 2015.

Lavrov noted a bit earlier, in mid-Autumn, that “the weight, prestige and role of an individual candidate country and, of course, its position in the international arena” were taken into account in decision-making on accepting new members to expand BRICS. An updated list of candidate countries for BRICS membership will be prepared for consideration at the group’s next annual summit in Kazan under Russia’s one-year chairmanship.

South Africa holds the rotating presidency of BRICS until December 2023 and will pass it on to Russia. According to official sources, BRICS members [Brazil, Russia, India, China and South Africa] have decided to invite Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates to join as full-fledged members of the group from January 1, 2024.

Professor Maurice Okoli is a fellow at the Institute for African Studies and the Institute of World Economy and International Relations, Russian Academy of Sciences. He is also a fellow at the North-Eastern Federal University of Russia. He is an expert at the Roscongress Foundation and the Valdai Discussion Club.

As an academic researcher and economist with a keen interest in current geopolitical changes and the emerging world order, Maurice Okoli frequently contributes articles for publication in reputable media portals on different aspects of the interconnection between developing and developed countries, particularly in Asia, Africa and Europe. With comments and suggestions, he can be reached via email: markolconsult (at) gmail (dot) com

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From Conviction To Execution: LEAD Launches Its Second Cohort In Rabat

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africa ceo forum LEAD

By Kestér Kenn Klomegâh

One year after launching a continental initiative designed to make excellence in public governance the foundation of a new drive to transform Africa, LEAD, the Africa CEO Forum’s pan-African leadership programme, takes stock of its first cohort and announces the launch of its second class. Built around a community of senior public decision-makers committed to modernising the state and to the continent’s digital transformation, this new cohort gathers for three days, from 28 to 30 August 2026, on the campus of Mohammed VI Polytechnic University (UM6P) in Rabat, Morocco.

A second cohort that confirms the programme’s durability

For its second class, LEAD brings together 50 fellows, senior public decision-makers engaged in the design and implementation of the continent’s economic and social policies. Over three days, participants take part in collective and collaborative working sessions, peer exchanges and meetings with figures from the public, business and academic spheres, in order to compare their practices and build shared responses to the major challenges of governance.

Speakers include Mehdi Jomaa, former Head of Government of Tunisia, Donald Kaberuka, Managing Partner & Founder, SouthBridge Group, and former President of the African Development Bank, Serge Ekue, President of the West African Development Bank (BOAD), Sanjay Jain, co-creator of India Stack and Director of Digital Public Infrastructure, Gates Foundation, and Mauricio Cardenas, Professor of Professional Practice in Global Leadership, Columbia SIPA, and former Finance Minister of Colombia (2012-2018).

They share their reform experience, their public policy trade-offs and their view of continental priorities. Throughout the programme, the cohort benefits from the dedicated support of Mohammed VI Polytechnic University, Asafo & Co, BOAD, BCG and the African Development Bank, LEAD partners that have chosen to invest in the transformation of African public action.

LEAD, a pan-African community serving public action

Created by the AFRICA CEO FORUM, LEAD is a leadership programme whose ambition is to reposition Africa’s administrative elite as a driver of reform, of performance and of dialogue with all the continent’s stakeholders.

Designed for senior African public decision-makers, LEAD sets out to build a lasting community of public officials able to share their experience, compare their practices and build common solutions to the major economic, technological and institutional transformations under way in Africa. That community is structured around three pillars: modernizing the state, improving public services, and strengthening cooperation between governments, development institutions and private-sector players.

From fellows to alumni: a long-term initiative

Made up of 36 fellows drawn from a range of administrations and institutions and representing 24 countries across the continent, LEAD’s first cohort demonstrated the quality and the potential of this community from its very first year. In less than twelve months, six of its members have taken a significant step forward: two have been appointed ministers, two have moved into strategic positions at the highest level of the state and two have been promoted to chief executive roles. These moves, which account for 16.7% of the first class, show the role LEAD plays as an accelerator of impact within African administrations.

By bringing together a new cohort of fellows every year, each of them joining the LEAD alumni community, the initiative follows a long-term trajectory: in time, to unite several hundred African public decision-makers around a shared culture of transparency, performance and regional cooperation.

A first year devoted to public service and digital public infrastructure

Throughout the year, the fellows devoted their work to strengthening African public action, to make excellence in public governance a central lever of transformation. An awareness campaign, run as part of Africa Public Service Day, brought to light those who, within the continent’s administrations and institutions, are concretely transforming public policy and improving the services offered to citizens.

Members of the cohort also took part in a special round table held in Kigali during the ACF 2026, in order to carry their thinking to a wider community of public and private leaders. That forum reinforced LEAD’s role as a platform for dialogue between the administrative elite and the continent’s economic players. Digital public infrastructure (DPI) formed the main thread of this first year of work.

Discussions covered issues at the heart of the digital sovereignty of African states: digital identity, payments, secure data exchange, interoperability, governance and the protection of citizens. This work examined the conditions under which African states are developing, in some cases, and can develop, in others, shared, open infrastructure robust enough to improve the quality of public services while supporting local innovation and preserving the capacity of public authorities to set the rules of the game.

A white paper to move from consuming technology to creating value

This year of work concludes with the publication, in collaboration with BCG, LEAD’s Knowledge Partner, of a white paper on Africa’s place in the digital economy and in artificial intelligence. With the digital economy still accounting for around 5% of African GDP, against close to 15% worldwide, the paper calls on the continent to shift from a logic of technology consumption to one of value creation.

The white paper identifies three structuring priorities for African public actors:

  • Building shared digital infrastructure that serves as the backbone of public services and private innovation.
  • Pooling investment in order to reach critical mass and avoid the fragmentation of efforts across the continent.
  • Favouring open and interoperable architectures, with trust and governance built in by design, so as to protect citizens while stimulating the entrepreneurial ecosystem.

The white paper is available here to all public decision-makers, technical partners and institutions concerned.

“LEAD’s first cohort confirms a simple conviction: Africa already has the women and men capable of profoundly transforming public action. Our responsibility, either with our partners, is to give them, at pan-African level, a space in which to compare experience, build common solutions and bring forward a new generation of public policy. With this second cohort, we want to accelerate the move from ambition to execution, in particular on digital public infrastructure and artificial intelligence, two decisive issues for sovereignty, for the effectiveness of the state and for value creation across the continent,” says Amir Ben Yahmed, President of the Africa CEO Forum.

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Global Leaders Head to Addis Ababa for First World Public Summit in Africa

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Addis Ababa World Public Summit

By Kestér Kenn Klomegâh

Africa is set to make history as it hosts the World Public Summit for the first time, with Addis Ababa, Ethiopia, welcoming global leaders and changemakers from July 29–30, 2026, for the landmark gathering under the theme “New World: Africa in Shaping a Shared Future.”

The inaugural African edition of the World Public Summit marks a significant milestone in the continent’s growing role in shaping international dialogue on governance, sustainable development, human-centred leadership and global cooperation.

Hosted by the World Peoples Assembly in partnership with African and international organisations, the summit will convene government officials, diplomats, business leaders, academics, journalists, youth representatives, civil society organisations and cultural leaders from across Africa and around the world.

According to Andrey Belyaninov, General Secretary of the World Peoples Assembly, “the Summit is not just a meeting—it is a space for unity. A space where the ‘values that unite us’ come to life: respect for people, openness to the world, responsibility for the future, and a commitment to creation.

“Today, we understand more clearly than ever: the future cannot be built alone. It is born in dialogue, in trust, in the ability to listen to one another and to act together.”

The programme begins on July 29 with a series of high-level roundtables and expert discussions covering Pan-African economic integration, civil society, education, scientific cooperation, cultural diplomacy and humanitarian partnerships.

The opening plenary, “Values, Development and Partnership as the Basis of a Sustainable and Just World,” will explore how African values—including Ubuntu—can help shape a more inclusive and sustainable global future. Discussions will also focus on youth leadership, innovation, civil society, ethical AI, public initiatives and international partnerships.

The summit will also showcase Africa’s creativity and innovation through the “Innovations for the Future” exhibition, the contemporary African art exhibition “Unity,” and the international exhibition “The World Paints Happiness.”

Another featured initiative is “The Zambezi River: Economy, Society, Soul,” an international interdisciplinary project exploring the river’s socioeconomic importance across Angola, Botswana, Mozambique, Namibia, Zambia and Zimbabwe, highlighting the shared heritage and development potential of one of Africa’s most important waterways.

The event will conclude with the adoption of the African Communiqué, reflecting the summit’s shared vision for stronger international cooperation, sustainable development and people-centred leadership.

Tsegaye Chama, General Secretary of the Global Black Centre, promised that, “The Summit will be delivered with exceptional distinction, reflecting the magnitude and spirit of the World Peoples Assembly. It embodies a unity that is not transactional, but purposeful and conscious, a unity that shapes new contours for a world that works for all peoples of the World.”

As delegates prepare to arrive in Addis Ababa, anticipation continues to build for what promises to be one of Africa’s most significant international gatherings of 2026—one that will place the continent firmly at the centre of global conversations about the future.

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Nigeria Leads Africa in Equity Funding as Startup Investment Hits $254m in H1 2026

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Investment-Worthy Startups

By Adedapo Adesanya

Nigeria regained its position as Africa’s leading destination for equity startup investment in the first half of 2026, raising $214 million in equity financing and a total of $254 million across equity and debt, according to the latest Africa: The Big Deal report.

The report, titled H1 2026: Mapping the Money, showed that Nigeria ranked second on the continent in total funding, behind Egypt, which attracted $327 million, while Kenya and South Africa followed with $126 million and $83 million, respectively.

However, the report noted that Egypt’s top position was largely driven by a single fundraising by electric mobility company Spiro, which secured $327 million, including $270 million in equity and $57 million in debt. Excluding debt financing, Nigeria emerged as Africa’s largest equity funding market in the first six months of the year.

According to the breakdown by Africa: The Big Deal, Nigeria’s equity funding of $214 million was higher than Egypt’s $183 million, while South Africa and Kenya attracted $66 million and $46 million, respectively.

Beyond funding value, Nigeria also led the continent in the number of startups that raised at least $100,000 during the review period, reclaiming the top spot after what the report described as an “underwhelming” second half of 2025.

The publication observed that Nigeria’s fundraising performance has remained relatively stable over the past few years and exceeded the $250 million mark for the first time since 2022, pointing to renewed investor confidence in the country’s startup ecosystem.

It also found that while the Big Four startup markets—Nigeria, Egypt, Kenya and South Africa—continued to dominate Africa’s investment landscape, their combined share of total funding stood at 58 per cent in the first half of 2026.

“Zooming back on the Big Four (110 out of 190 $100k+ deals, i.e. 58%), Nigeria is head and shoulders above its peers, with Egypt and Kenya almost tying, and South Africa in fourth position again,” the report noted.

The report highlighted contrasting performances among the continent’s largest startup ecosystems. While Nigeria and Egypt maintained strong funding momentum, Kenya recorded its weakest funding performance since early 2021 after a strong second half of 2025, and South Africa failed to attract $100 million in funding during the period despite leading the continent a year earlier.

Africa: The Big Deal also noted a broader shift in investor behaviour, with funding increasingly concentrated in larger transactions while early-stage investments continued to decline. According to the publication, the drop in smaller funding rounds reflects growing concerns about limited capital available for early-stage startups across Africa.

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