BRICS Nations Convene in Africa Amid Growing Chinese Influence

The nations that make up the BRICS - Brazil, Russia, India, China and South Africa - are meeting in Durban for their fifth annual summit.  This year’s theme is cooperation with Africa.  Trade between Africa and the BRICS has grown so quickly in the past decade that it is being compared to the scramble for Africa, Europe’s 19th century colonization of the continent. 

Last year, the African Union inaugurated its brand new headquarters in Addis Ababa, Ethiopia.  The … [Read More]

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Source: VOA News: Economy and Finance


 

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