With BRICS members surging to eleven soon, the block’s economy is forecasted to surpass the OECD’s block. Prime Minister Abiy claims new military and trade ties with members, though analysts argue BRICS’ main value lies in investment potential if Ethiopia can improve business. Ethiopia is the seat of AU and ECA, which BRICS countries cannot avoid in their strategy towards Africa. In terms of trade and finance, Ethiopia might benefit from the currency convertibility of trading with BRICS countries without the need of dollar. With our growing regional integration endeavours and infrastuructres in airlines, telecom and land transport, Ethiopia will become a connectivity hub for those regions.”According to PM Abiy, Ethiopia joined BRICS by its own merit.

Source: Ethiopian News August 26, 2023 07:06 UTC