Decoding Ethiopia’s selectionDespite BRICS’ decision to welcome six nations into its ranks, Ethiopia’s selection has left many pondering. The other contender for BRICS membership was Morocco, a nation that has strong ties with BRICS countries such as China and Russia. Additionally, he points out that the middle class in BRICS nations is experiencing notable growth, which presents new commercial prospects. In 2021, the BRICS countries were estimated to have a combined population of 3.24 billion people, which is over 40% of the world population. The NDB is a multilateral development bank that was established in 2015 by BRICS countries.

Source: Ethiopian News October 02, 2023 09:46 UTC