
Ethiopia Seeks Membership in BRICS’ New Development Bank
Following its entry into the BRICS bloc in January 2024, Ethiopia is pursuing membership in the group’s development financing arm.
Read the latest Archives of oil, gas and energy news.
Following its entry into the BRICS bloc in January 2024, Ethiopia is pursuing membership in the group’s development financing arm.
Leveraging BRICS, African nations can accelerate the development of their energy and mineral industries.
Nigeria and Uganda are the only African nations to join BRICS as partner countries.
BRICS leaders endorsed Indonesia’s candidacy during a summit in 2023 and approved its membership in 2024.
Established by BRICS founding members, the New Development Bank focuses on mobilizing resources for sustainable development projects in emerging countries.
An update to the report explores the commitment by BRICS member countries to strengthen partnerships in the global energy transition.
The entrance of Egypt, Iran, Saudi Arabia, the United Arab Emirates and Ethiopia in BRICS enhances the group’s economic and collective strength.
South Africa has signed an agreement with the BRICS Development bank for the provision of a R3 billion loan to implement the Lesotho Highlands Water Project.
The BRICS economic coalition of emerging nations has admitted 6 new members to the bloc.
New Development Bank has approved a $300m loan for energy projects in South Africa.