Vice President Dr Constantino Chiwenga arrived here yesterday to represent President Mnangagwa at the ongoing BRICS 15th Heads of State and Government Summit as Zimbabwe seeks to join leading economies in the emerging global order for the development of its economy.
BRICS is an economic bloc comprising Brazil, Russia, India, China and South Africa who seek to provide an alternative economic order against the status quo which is skewed to favour the United States and its political allies to the detriment of the rest of the world.
Zimbabwe has applied to join the bank at a time President Mnangagwa has championed rapid economic growth in the country anchored on infrastructure development and private sector led growth. Joining the Shanghai, China headquartered multilateral development bank will thus give Zimbabwe the much-needed fillip in its economic development plans as the bank was primarily established by BRICS for the purpose of mobilising resources for infrastructure and sustainable development projects in emerging markets and developing countries .
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gabon's president eyes third term as opposition seeks end to Bongo dynasty ruleGabonese President Ali Bongo has campaigned for re-election in remote corners of the rainforested nation this month, seeking to dispel opposition claims he lacks the strength and track record to fulfil generous electoral promises in a third term.
Read more »
The myth of Wagner in Africa - The Africa Report.comSpeculation about Wagner’s activities in Africa reached fever pitch after the mutiny that shook President Putin in June and the recent Niger coup.
Read more »
South Africa: President Cyril Ramaphosa - Media Briefing Remarks Announcing Outcomes of the Xv Brics SummitPress Release - BRICS Chair President Cyril Ramaphosa's media briefing remarks announcing the outcomes of the XV BRICS Summit
Read more »
Brics Swells to 11 Members as Six More Nations JoinSouth Africa's President Cyril Ramaphosa has announced that six more nations - Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates - will become full members of Brics from January 1, 2024. President Ramaphosa said: "Leading up to the Summit, there was a wide-ranging Brics business programme aimed at attracting investment, promoting collaboration and showcasing opportunities within South Africa, Africa and Brics countries." The summit hosted by South Africa, has seen much criticism levelled against the West by Russia and China. The Brics Summit 2023, which is the first in-person summit since the Covid-19 outbreak in 2019, ends today, August 24th.
Read more »