Brics’ Daringly Autonomous Model for Financial Sovereignty

In the rarefied world of economic policy-making, where the public and markets are distanced from complex decision-making, communiqués serve as windows into the ambitions, hesitations and geopolitical leanings of powerful economic blocs. Released in October 2024, three influential documents from Brics, the International Monetary Fund’s International Monetary and Financial Committee and the World Bank’s Development […]

President William Ruto Reveals Plans for Kenya to Join BRICS

President William Ruto has revealed plans for Kenya to join Brazil, Russia, India, China and South Africa (BRICS). In a statement by State House, it was revealed that Kenya was planning to join the organisation that was formed in the late 2000s. Ruto, in advocating for Kenya’s bid, lobbied China to support the move. President […]

New Players on the Bloc: Is BRICS+ a Critical Challenge?

The recent BRICS+ summit in Kazan, Russia, was attended by representatives from 32 countries, with 24 heads of state present. The summit was not only a major diplomatic event for Russia but also underscored a growing push by nations in the Global South to seek alternatives to Western-dominated institutions. The expansion of BRICS to BRICS+ […]

Decoding Africa’s Interest in BRICS

From 22 to 24 October, Russia hosted the 16th annual BRICS Summit in Kazan under the theme “Strengthening Multilateralism for Just Global Development and Security.” Attended by 36 country leaders along with the UN Secretary-General, António Guterres, the event’s success underscored a growing interest in multilateralism led by Global South. This success is also evident […]

China wins men’s 5,000m relay at Short Track Speed Skating World Tour in Seoul

China claimed gold in the men’s 5,000m relay on Sunday, the final day of the Short Track Speed Skating World Tour in Seoul. The gold-medal lineup featured Li Wenlong, Liu Shaoang, Liu Shaolin and Sun Long, who showcased outstanding teamwork and delivered a winning time of six minutes and 53.654 seconds, defeating Japan and South […]

China holds Central Economic Work Conference to make plans for 2025

The annual Central Economic Work Conference was held in Beijing from Wednesday to Thursday as Chinese leaders decided priorities for the economic work in 2025. Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, Chinese president and chairman of the Central Military Commission, delivered an important speech at the conference. In […]

UK Development Bank Brings in Brics Bank ex-CFO Leslie Maasdorp as Head

Britain’s development finance institution has appointed the former finance chief of the China-headquartered Brics bank as its new CEO, it said. South African Leslie Maasdorp, whose term at the New Development Bank (NDB), as the Brics bank is now called, ended in July, will replace outgoing CEO Nick O’Donohoe at the head of British International […]

Russia Taps BRICS Partners for Collaborative AI Development Projects

Russia is pushing for a major comeback in the global tech race, leaning on its BRICS+ partners to build a united front in artificial intelligence (AI) development. President Vladimir Putin, speaking at Moscow’s flagship AI , announced the formation of the AI Alliance Network. The initiative will connect national AI associations and development institutions from […]

BRICS’ Potential Cannot Be Ignored

The BRICS-Asean partnership contains immense potential that cannot be ignored, says Institute of Strategic Analysis and Policy Research (Insap) chairman Datuk Dr Pamela Yong. With about 45% of the global population living in BRICS and Asean nations, Dr Yong said the partnership not only forms a huge market but also contributes to global growth and […]