The Role of BRICS in Africa: Results and Expectations

Abstract

Aim. Analyze the role of BRICS in the development of Africa.
Tasks. Briefly describe the history of the creation and development of BRICS, and also assess the degree of its influence on the geopolitical and economic situation in the world. Consider the contribution of the main BRICS member countries (Brazil, Russia, India, China, South Africa), which have been actively investing in African countries for a long time, and also compare the areas in which these countries dominate.
Methods. Comparative analysis was used as a key method in conducting the study.
Results. The contribution of each of the BRICS member countries is analyzed, the key areas of their interests are highlighted, and an up-to-date assessment of the prospects for interaction between the BRICS countries and African countries is given.
Conclusions. The participation of the BRICS member states in the socio-economic development of the African continent is considered, the areas of interest of each country in Africa are analyzed by industry, and the volumes of investment and interstate trade are assessed. Separate attention is paid to both the positive and negative impact of the presence of the BRICS countries in Africa, and prospects for the development of further relations between African territories and the BRICS member countries are given. As a result, we can unequivocally say that the role of the BRICS member countries in Africa is significant and every year it will only increase, as the strength of the association itself, its geography and the number of participants grows. Each of the bloc countries plays its own significant role in the life of the continent.