27 July 2023 1 Min Read
NEWS LEADER
WATCH: Algeria and Egypt eye Brics membership
Business Day TV speaks to François Conradie, lead political economist at Oxford Economics Africa
Brazil, Russia, India and China formed the Bric bloc in 2009, and SA joined the following year. Picture: BLOOMBERG
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Algeria and Egypt want to be part of Brics. Algeria is able to offer the New Development Bank close to $2bn upon admission while the bloc’s discussions around a gold-backed currency has prompted Egypt to request membership. Business Day TV spoke to François Conradie, lead political economist at Oxford Economics Africa for his take on the Brics interest.
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