BUILDING RESPONSIVE, INCLUSIVE & COLLECTIVE SOLUTIONS— that is how they constructed it! The acronym BRICS was coined in 2001, by then-chairman of Goldman Sachs Asset Management, Jim O'Neill, exhibiting the world’s most recent industrialized countries to become the greatest group of economies of all time. The idea was further pushed when the leaders of Russia, India and China gathered in 2006 for the execution. Then it finally became a reality in June 2009, when the leaders of the Federative Republic of Brazil, the Russian Federation, the Republic of India and the People’s Republic of China in Ekaterinburg.
For the Present and Future
It was then and it is now. After 8 years, now India takes the initiative to host the BRICS Summit the second time in Panaji, Goa. The summit will take place on the 15th and 16th October, 2016. However, there are series of events that complement the summit which have begun from February and will last till December, 2016. Afghanistan and Maldives are the guest countries that have also been invited for the summit. These countries are a part of the BIMSTEC (Bay of Bengal Initiative for Multi-Sectorial Technical and Economic Co-operation). The now BRICS was then just BRIC, it was South Africa who joined the rest of the four in 2010. Therefore, the 3rd summit that was held in 2011 was inclusive of South Africa as the fifth member of the BRICS.
The Vision is to Expand the Multilateral Trade
This story is from the October 2016 edition of The Times Of Africa.
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This story is from the October 2016 edition of The Times Of Africa.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Furniture - A Growth Oriented Industry
Africa constitutes 16.36% of the total world population and contributes 3% to the world Gross Domestic Product (GDP). Africa is a huge pool of population, which is projected to expand and grow rapidly. By 2050, 2.4 billion more people are expected on the planet out of which 1.3 billion are expected to be born in Africa. The majority of the world’s population growth is expected to take place in Africa. It is said that where there is population, there are enormous opportunities. Business opportunities is one the aspect of this broad spectrum of opportunities.
The Stunning Rise of Vernon Philander
“There is only one thing that makes a dream impossible to achieve: the fear of failure.”
An Amalgamation
The Conclave has become a prestigious event for Indian and African governments and industry to meet and explore new avenues of partnerships. The annual gathering enables the Indian and African leadership to take stock of the progress of the partnership and address future needs in this regard.
Ethiopia
A Landlocked Spectacle.
Student Housing, A Virgin Market
Ever got fascinated by a rich man passing by? His expensive suit, charming wrist watch, expensive mobile phone, utter royal grace.
The End Marks A New Beginning...
“what africa does with agriculture is not only important for africa: it will shape the future of food in the world.” – akinwumi adesina, President of the african development Bank.
A Pristine Paradise
It is a place immortalised by various animated Disney movies – clean blue water oozing freshness, calm cool breeze soothing your soul, natural sceneries with colours in their purest form, and lemurs, with their wide, reflective and even eerie eyes. An abode on the wish list of every globetrotters’ itinerary – it is unlike a place you have ever been. It is Madagascar!
Leading The Industry With Innovation
Interview with Mr. Abbad Reda, Chief Information Officer of MTN Ghana
Make Way For Germany
Africa has traditionally been a market where the Chinese and the Indians have flourished. While India’s trade with Africa increased from $25 billion in 2006 to about $70 billion in 2016, China continues to remain Africa’s biggest trading partner.
Egypt , a Dream in the Desert
The Arab republic of Egypt, a democratic republic, commonly known as Egypt's is a silent beauty. This nation is one of its kind. Its beauty lies in its culture and heritage. Egypt may not have many natural attractions but man has surely made its mark by building one of the most unique structures that is; the pyramids.It is mostly comprised of desert area. Trees, forests,and tropical areas are rare here. It can get as unique as possible; it is situated on the northeast corner of Africa and southwest corner of Asia by a land bridge formed by the Sinai Peninsula.Hence it is called a transcontinental country.
