World
The Moment of Truth for BRICS: Challenges, Opportunities and the Way Forward
By Kester Kenn Klomegah
As already known, BRICS is an association of five major emerging economies: Brazil, Russia, India, China and South Africa. South Africa joined the association in 2010.
The BRICS has a significant influence on regional affairs and very active on the global stage. All of them are members of the G20.
While the group has received both praise and criticism from different corners of the world, BRICS is steadily working towards realizing its set goals, bilateral relations among them are conducted on the basis of non-interference, equality and mutual benefits.
In this exclusive interview, Dr Byelongo Elisee Isheloke, who is currently a Postdoctoral Research Fellow at the University of Cape Town and has scholarly researched some aspects of BRICS for the past 10 years, spoke with Kester Kenn Klomegah about his observations, the existing challenges, opportunities and the future perspectives of BRICS. Here are the interview excerpts;
South Africa joined BRICS in 2010, a decade ago, and so, how do you assess South Africa in BRICS these years? What are its greatest contributions to the development of the group?
I would say South Africa is strongly committed to its engagement in the BRICS. It has hosted two of its summits. As an active member, it has what it takes to deliver despite the internal economic crises in South Africa. I think over the years, South Africa grew in confidence within the partnership, particularly when the first BRICS summit took place in Durban South Africa.
In the Durban 2013 BRICS summit, African presidents were invited to join leaders of BRICS and the theme evolved around Africa. In this context, South Africa regained its muscles as a BRICS member.
South Africa, therefore, represents Africa well in the BRICS, in a way, and I think the African countries should support it. The only thing I think people want is to be more involved. While the BRICS started as a partnership of political nature, now that it has embraced economic development, the voice of the people must be heard.
The major problem of South Africa is that it is not robust economically compared to its BRICS counterparts, and its economy has been performing badly since the 2008/2009 world’s economic crisis.
It has been a zero growth economy ever since; if any growth, then it has been below 1 per cent. South Africa has struggled to stabilize its economy during the past few years, and now the COVID-19 has exacerbated this but it is common to many countries around the world.
In your previous discussion, you talk about a transition from politics to economy. How do you see BRICS influence on international issues, its collective position on the global arena?
BRICS did not transit from politics to economy as such but put emphasis on economic projects. BRICS leaders still talk global politics while experts guide the leaders on foreign policy issues. For me, I think it is a very good approach going forward. BRICS must deliver on capital-intensive infrastructure development, and the funding from the New Development Bank (BRICS) is critical in this regard. With good policies in place, this will help the SADC region and the rest of Africa. It is great that the branch of this bank operates from Johannesburg in South Africa.
Furthermore, I must say that BRICS influence on international scale is dented by minor problems in the organization. For example, the diplomatic conflict between India and China, the fact that both Russia and China wants to be in a position of favour with the United States on diplomatic ground, this is not helping its influence globally.
“I think BRICS must clean its home, or clean before its door, if it wants to be the balancing power in international affairs. The other problem is the capital issue. At the moment, the BRICS do not have the muscles to outcompete the Bretton Wood Institutions, the World Bank and IMF. More investment, more capital is needed in the BRICS Bank.
In the past, there was the lack of synergy in diplomatic position as far as the BRICS is concerned. In the UN Security Council, for instance, the BRICS have to consult in order to accommodate views on issues of global importance.
We know that South Africa is a member of the SADC and there is the Democratic Republic of Congo (DRC), another SADC country, which has a plethora of problems of security and economic nature. I think that any assistance from such an organization (BRICS) would be appreciated.
Quite recently, more than 200 civilians known as the Bembe people were massacred in the eastern DRC by Ngumino and Twagineho militias. These militias are of foreign origin to the DRC. This news is not broadcasted in South Africa, if the BRICS could invest more in peace-keeping mission, maybe help the current government, perhaps it could help the failing Monusco, a UN mission in the DRC.
It is such engagement that can make the BRICS shine internationally. They need a collective position on global issues. This is just one example.
In relation to economy and trade, what are your arguments about collaboration among BRICS? Do you also see China and India racing for global dominance, and Russia steadily raising its business profile on global stage?
With regard to this question, this is what I have to say. In fact, trade protectionism is only good temporarily and it works only in the short run. It is not sustainable as a policy in the long term. We know in the 17th century it was promoted in European countries but there was a time when the Laissez-faire ideology took precedence on economic isolationism. We also know that a couple of BRICS countries have a communist background (Russia and China). What I can say is that China opened up its economy to trade, and for more than 30 years, it manage to build a robust economy (now considered the 2nd largest after the United States) with potential prospects of outperforming the United States. I think we can learn from the Chinese economic success.
The COVID-19 situation may help change the forecasts but free trade has proven over the years to be highly supportive to the economy of nations. This does not mean one needs “to throw away the baby with the water” when it comes to the gain obtained during the socialist approach to economic development.
The BRICS countries should find a way of striking a balance between the two economic systems. But frankly speaking, an open economy leaning more towards free trade is what I would recommend for an emerging economy.
Now, even countries where the economy is freer like South Africa and India, we see that the major hindrance is corruption and bad governance in certain instances. If the BRICS can address these obstacles or hurdles, they will have a better chance of winning.
In China, human rights abuses shouldn’t be covered up; doing-Business with countries where dictatorship and abuses are evident should it be alright.
In addition, there will be areas where BRICS will compete, and this is healthy to any economy, but there must be more focus on what BRICS can do together to address abject poverty, growing unemployment and human rights abuses.
China and India need to talk more to address their differences. The future of BRICS depends, to some considerable extent, on their good relations. The race for dominance if military is dangerous. I think they need to talk as friends and partners. The rest of the BRICS should mediate in this regard.
Many experts still question the role of BRICS members in Africa. It is important here to recall that Russia was involved in helping African countries during their struggle for independence and that was the Cold War. It lost its influence after the split of the USSR. Currently Russia’s foreign policy largely seeks to regain what it lost to the United States and China and other foreign players in Africa. But for our Russian partners, Africa needs sustainable development, and not military weapons and equipment. Africa is looking for foreign players to invest in infrastructure and play large part economically.
In your post-doctoral research on BRICS, and in your article to The Conversation, you mentioned what South Africa can offer or shared with other members. Is it possible to restate explicitly the kind of “beneficiation” here?
I would make known, first, that as a postdoctoral research fellow at the University of Cape Town, my academic investigation deals with the impact of and the challenges towards mineral beneficiation policy interventions in the SADC region. This has some importance for foreign players looking opportunities to invest in mineral resources in the SADC.
Having said the above, I am more than prepared to embark on a project that will help BRICS to understand the effects of BRICS partnership on mineral beneficiation in South Africa and within the Southern African Development Community.
In this connection, I think South Africa has a lot to offer to the BRICS. There must also be a consensus with other African countries. Understandably, South Africa can be an investment gateway to Africa. As the presiding head of the African Union, South Africa represents the interests of the AU in BRICS.
On beneficiation, South Africa has a tremendous experience on nuclear power that, if used for energy, could help the beneficiation industry in the country. One needs to be cautious of deviations in that regard, not that I am suggesting South Africa would deviate, but care needs to be observed by all member countries on that issue. As a pacifist, I would advise that African countries look at alternative, renewable energy sources. A gradual approach to beneficiation and a dialogue between trade partners will take the BRICS partnership to another level as far as South Africa is concerned in the BRICS.
How do you assess the current coronavirus spread and its impact, especially among BRICS, (Brazil, India, Russia and South Africa) and allegedly (yet to be proved) virus originated from China (BRICS member)?
The BRICS are hit by the COVID-19 crisis just like any other country. As we know, the COVID-19 started in Wuhan, China, and then spread in no time to all the continents. It is however important to note that China closed its borders and cooperated with the World Health Organization (WHO) to alert other countries. On the other hand, in Africa, we saw China helping the African Union (AU) with PPEs and other test equipment. This should be appreciated.
Whether the alert came late or not, I do not have any means to determine that. Why would China want to do that? Instead of pointing fingers to others, I think it is time the world learns from the threat we face together as humans and find a common ground to halt (stop) the spread of COVID-19. It should be an opportunity to re-engineer our health facilities and capabilities for a better tomorrow for all.
Personally, I would call for cooperation between BRICS and non-BRICS countries (the United States and Europe for example to get involved). Failing to do that will be a recipe for more complications.
What do you think of BRICS collaborating on COVID-19 vaccine? Do you see “cooperation or competition” among its members (China, India and Russia) racing for global market with the vaccine?
Interestingly, I see both cooperation and competition. But I think we need more cooperation and sharing of the information. The BRICS must remember what they owe the world. Cooperation should be on all aspects of life. We hear stories of people of colour being ill-treated in China for example. I think the authorities should investigate that and take appropriate actions to care for others with dignity.
In South Africa as well, the refugee community was almost neglected in the management of the COVID-19. I am glad the government decided to do something about it. BRICS scientists, as well, need collaboration to come up successfully with a solution or vaccine.
Efforts by other scientists need to be taken into account. And as regards Africa, an African solution to Africa’s problem approach should not be neglected or relegated to the backyard. BRICS are partners, they can help each other but they should not replace own efforts towards security and safety.
Vaccine or solutions to the pandemic should not be profit-orientated. In Africa, we believe in Ubuntu. I think our BRICS leaders will not do such a mistake. I am highly optimistic on that.
Generally, what would you consider as the key challenges amid the coronavirus pandemic that has shattered the economy, and how do you see the future of BRICS?
The pandemic has, indeed taken a heavy toll on the global economy. As reported by the World Health Organization (WHO), Brazil, India, Russia, China, and of course, South Africa have high infections after the United States.
The key challenges during the COVID-19 era are: Unpreparedness of the BRICS countries. It came as a surprise and BRICS were caught pants down in most instances. We should view the COVID-19 as an opportunity for better planning, re-engineering of our health facilities and capabilities for prevention.
Lack of financial resources. The poor countries in a dire situation. Most countries had no financial muscles to acquire respirators and PPEs. Russia and China managed to build specialized hospitals within a short time to contain the situation. This is an area where the BRICS Development Bank could make the stark difference if steered in the right direction.
Insufficient coordination. As for the case of South Africa, it is good that the government took the scientific approach in managing the situation. Coordination with public-private partnership could enhance the ability of the state apparatus to serve everybody regardless of their origin. There is still time to ensure that poor including refugees and asylum seekers are humanly served. We cannot be selective in enforcing human rights. Medical assistance, in time of coronavirus, be regarded as basic human right for all. A better coordination will therefore help not only South Africa, but all the countries.
Last but not the least, a holistic approach to fighting the pandemic should be promoted. A human being is not just a body, but it is also a spirit. While scientists and decision makers propose solutions, it must be done in conjunction with means that uplift the spirit as well.
Faith based organizations should equally have a role to play to help the government and to provide interventions of psychological and spiritual nature. A healthy body in a healthy spirit is what we need.
Otherwise, any solution will be half-baked and unsustainable. All the stakeholders must work together. This is not only for South Africa or for the BRICS, but it is also for the entire world.
There is a lot of negative news on TV and Radio channels about the corona. It is time the media grasps the opportunity to serve humanity by focusing on giving hope rather than destroying hope. A balance needs to be set in this regard as well. Media have to exhibit a more constructive role for a better world.
World
SCRYPT Expands Stablecoin Settlement Infrastructure to East Africa
By Aduragbemi Omiyale
Accessing the US Dollar in the East Africa region has now been made easier with the expansion of the stablecoin settlement infrastructure of SCRYPT.
This development enables banks, payment providers and corporate treasury teams to move value into and out of the continent in real time.
Businesses paying international suppliers frequently have to convert local currency into USD before purchasing stablecoins for settlement, incurring FX conversions and spreads before any payment is made.
But SCRYPT is eliminating this intermediate conversion by enabling direct settlement corridors for local African currencies into stablecoins.
This development allows businesses to move from local currency to stablecoin settlement in a single licensed transaction, without first sourcing rationed bank dollars, as stablecoins are increasingly becoming settlement infrastructure rather than an investment product.
The expansion adds settlement support across four African currencies: the Kenyan shilling (KES), Tanzanian shilling (TZS), Rwandan franc (RWF) and Ugandan shilling (UGX). Each corridor is delivered through the same full-stack infrastructure our clients already use for trading, custody and treasury operations.
Speaking on this, the chief executive of SCRYPT, Norman Wooding, said, “Across Africa, stablecoin adoption is driven by economic need, not speculation.
“Businesses here are not chasing yield; they are trying to pay suppliers and manage treasury without losing margin to a banking system that rations dollars. Licensed, fair-rate dollar access is the clearest proof of what this infrastructure is for.”
Also commenting, the Managing Director of Markets & Trading at SCRYPT, Mr Gabriel Titopoulos, said, “Until now, reaching stablecoins from local African currencies meant buying scarce dollars and incurring several layers of conversion costs.
“SCRYPT removes this friction. Firms and payment providers can now settle straight from local currencies through live corridors, with local partners.”
World
African Graduates Association Promoting Multifaceted Initiatives With Russian Educational Institutions
By Kestér Kenn Klomegâh
In preparations for the third Russia-Africa Summit, scheduled for late October 2026, Dr Francois Ngan, deputy chairman of the Union of Associations of African Graduates of Soviet and Russian Universities, during an official working visit, has held a consultative meeting with Professor Vladimir Filippov, the President of the Russian University of Peoples’ Friendship (RUDN), and former Minister of Higher Education of Russia, Chairman of the National Commission for Accreditation of Higher Education.
RUDN is an educational institution established in 1960, primarily to provide higher education to Third World students. It has now become a popular multidisciplinary spot for many students, especially from developing countries. The university offers various academic programmes and has research infrastructure that comprises laboratories and interdisciplinary centres. The university is named after the former Congolese leader, Patrice Lumumba.
Dr Francois Ngan and Professor Filippov discussed the importance of the Graduates Association as a continental platform dedicated to strengthening unity, cooperation, and promoting shared progress among African graduates who studied in the former Soviet Union and in the Russian Federation. They also reviewed multifaceted initiatives that could bring together alumni associations from across Africa, whose members obtained education and professional training, and cultural experiences in Soviet and Russian institutions of higher learning.
Professor Filippov expressed optimism in addressing emerging challenges as a result of shifting geopolitical changes, emphasised strategic cooperation in the educational sphere with Africa, in general, and with the Republic of Cameroon, in particular, and further about the integration of African students during their studies in the Russian Federation.
The meeting also touched on academic and scientific work, the possibility of rewriting a scientific thesis, and the official organisation of transferring versions translated into six languages for the library of RUDN. Significant questions relating to Russia’s educational opportunities, collaborations and partnerships involving African countries were thoroughly discussed.
The Union of Associations of African Graduates of Soviet and Russian Universities was created under one continental umbrella to promote friendship, for professional networking, to engage in cultural exchange, and with particular emphasis on forging strategic cooperation between Africa and Russia.
World
Russia to Support Industrial Growth, Technological Advancement and Supply Chain Resilience across Africa
By Kestér Kenn Klomegâh
With the heightening of geopolitical rivalry and competition, a new Russia-Africa working group has emerged as a significant institutional mechanism and plans to focus on facilitating and monitoring strategic investments, industrialisation, and infrastructural development—the Strategic Action Plan 2023-2026—that was outlined during the second Russia-Africa summit, in St.Petersburg, the second largest city in the Russian Federation.
While substantial progress has, largely, lagged on the multidimensional economic front with Africa primarily due to its internal difficulties and the complexity of relations with its former Soviet neighbours, Russian officials believe there still remains huge untapped potential in strengthening bilateral cooperation. As planned, President Vladimir Putin has already signed an executive order that directs Moscow to host the forthcoming third Russia-Africa summit in October 2026.
On June 30, a regular meeting of the Business Council on Africa was held under the chairmanship of the head of the Russian Foreign Ministry. It was dedicated to issues of trade, economic and investment cooperation with Africa. The group discussed the current state and prospects for the implementation of policy initiatives with an emphasis on assisting the countries of the continent, strengthening their economic, energy, technological and food sovereignty, as well as training specialists for Africa.
Foreign Minister Sergey Lavrov has reiterated that Russia-Africa relations primarily depend on an understanding of the importance of collective action based on the principles of equality, mutual respect and resolving common tasks. In the past few years, Russia-Africa cooperation has been noticeably strengthening. “We are deepening political dialogues, developing bilateral contacts with African countries, promoting cordial cooperation between ministries and departments, and expanding humanitarian exchanges. We are also continuing the structural diversification of trade partnerships and economic dimensions.”
“Next on the agenda is the launch of diplomatic missions in The Gambia, Liberia, Togo, and the Union of the Comoros,” Lavrov said at a meeting of the Business Council under the Russian foreign minister. Lavrov noted that Russian embassies began operating in three other African countries in 2025: Niger, Sierra Leone, and South Sudan. A new Department for Partnership with Africa was also established. According to the top diplomat, “expanding Russia’s diplomatic presence on the continent contributes to developing relations.”
There are already 45 Russian embassies operating in Africa. The Russian foreign minister noted that Moscow is quickly rebuilding its presence in African countries, which sharply declined during the collapse of the Soviet Union. “There will be literally four or five countries left where we still need to establish full-fledged embassies, and then, we will have 100 per cent coverage of the entire African continent with our diplomatic presence,” Lavrov emphasised.
After the first summit in October 2019, the Foreign Ministry also created the Secretariat of the Russia-Africa Partnership Forum. Its main tasks include controlling the roadmap to Africa’s multidimensional cooperation and guiding potential Russian investors to the continent. This also underscored the priority and post-Soviet solidarity Russia currently attaches to its policy towards Africa, within the growing framework of the emerging new architecture of multipolarity in the Global South.
In an interview in June 2026, the director of the Department of Partnership with Africa at the Foreign Ministry, Tatyana Dovgalenko, shared a few insights in the lead-up to the third summit. Furthermore, Dovgalenko explained that Russia would move away from security to concentrate more on economic issues, especially to team up with African colleagues to streamline mechanisms for implementing projects that will ensure food security and agriculture, and help Africa in installing processing facilities to support its self-sufficiency. She also emphasised energy and vital infrastructures, and the third direction was to simultaneously work more coherently with sub-regional organisations.
Over the past few years, bilateral relations have been increasing. There are positive dynamics in trade turnover, estimated at $30 billion. Steps are being taken to build payment systems, preferably in national currencies, while Russia looks to open four more diplomatic offices, bringing the total to 48 across Africa. Russia is currently training 37,000 African students, but only approximately 1/3 on state scholarships in Russia’s educational institutions. “We are ready to share valuable experiences of building a sovereign development model with African partners to achieve self-reliant economic growth based on their own resources and capabilities. Russia aims at creating processing capabilities and localising production, and provides access to advanced technological solutions,” underlined Dovgalenko in her interview with New Eastern Outlook.
For African countries that have endured difficult decades on the path to political independence, it is now important to take full control over the untapped resources, direct income and revenue toward stimulating the national economic sector, rather than paying for the well-being of the Western “golden billion” during this changing geopolitical era, according to Dovgalenko.
According to reports, the forthcoming Russia-Africa summit will have an economic agenda, including the digital economy, technology, artificial intelligence, healthcare, investment, and settlements in global trade. Of course, the agenda will also cover Africa’s political aspects. But if African friends bring along any specific ideas, Russia will give them serious attention. In addition, with continuity and consistency, pay increased attention to expanding ties with Africa’s regional integration associations.
Going forward, the focus will be on translating strong trade relations into deeper investment partnerships, fostering technology collaboration, strengthening industrial linkages and contributing towards the shared objectives set by the leadership of both African countries and Russia. At the third summit, the above-mentioned specific initiatives will be further designed. In this regard, the key document, the new action plan for the next three-year period (2027-2029), is intended to reflect dynamic realities in the future relations of Russia and Africa


