According to the former Ethiopian president, the move will lead to increased investment and be a source of trade expansionEthiopia will benefit immensely from formally joining the BRICS co-operation mechanism as the move will lead to increased investment and be a source of increased trade and economic exchanges, according to former Ethiopian President Mulatu Teshome. It is the first expansion since South Africa joined the group in 2010. "Ethiopia is very grateful to be admitted as a member of BRICS. The country will be able to benefit from the corporation it will have with China, with India, with Russia, with Brazil, with South Africa. So Ethiopia will definitely benefit from this and it will also enhance the state's position in Africa and the world," he said.

Source: Ethiopian News December 18, 2023 10:37 UTC