Business Report

BRICS+ Series: Africa’s Gateway to Influence, Investment, and Digital Transformation

Chloe Maluleke and Dr Iqbal Survé|Published

A worker assembles an electric minibus at a factory in Addis Ababa, capital of Ethiopia, March 6, 2024. The Chinese Golden Dragon Company supplies components to the local company, which assembles both EV minibuses and 12-meter-long big buses to meet the country's ever-growing demand for EVs.

Image: XHINUA

African countries are increasingly viewing BRICS as a platform to strengthen their international influence and expand their presence on the global stage. Maya Nikolskaya, Acting Director of the Centre for African Studies at MGIMO University, told TV BRICS that for African nations, participation in BRICS represents a “statement of intent,” signaling a commitment to active engagement in global affairs. South Africa, she notes, is the driving force behind Africa’s presence in the bloc, working to foster collaboration with other rapidly developing markets in the Global South.

One of the most compelling opportunities for BRICS in Africa lies in the continent’s youthful labour market. While demographic growth in developed countries is slowing, Africa has a significant and growing workforce. According to Nikolskaya, BRICS countries, including Russia, see this as a chance to help Africa develop its human capital through investments in education, skills training, and employment opportunities. These efforts not only aim to harness the continent’s demographic dividend but also to create mutually beneficial partnerships that support economic growth.

BRICS Bank & Finance

The New Development Bank (NDB), established by BRICS to finance infrastructure and development projects in emerging economies, has played a central role in supporting African initiatives. Its projects have focused on transport infrastructure, water supply, and energy, sectors critical to sustainable development and the achievement of the United Nations’ Sustainable Development Goals. These investments help address long-standing infrastructure gaps while promoting inclusive growth across the continent.

Looking ahead, the focus is shifting toward digital transformation. BRICS countries are increasingly prioritising investments in digital infrastructure, including modern technologies in healthcare, agriculture, and public services. Digitisation can improve efficiency, market access, and financial inclusion, particularly for rural communities. Digital solutions for instance, in agriculture can provide farmers with real-time data, connect them to markets, and support better resource management, contributing to both economic and social development.

South Africa’s leadership

South Africa’s leadership within BRICS is pivotal in shaping these initiatives. The country advocates for policies that address Africa’s unique challenges, such as poverty, inequality, and underdevelopment, while facilitating dialogue between BRICS and other African nations. This ensures that African perspectives are represented in global discussions and that initiatives are aligned with the continent’s priorities.

The recent expansion of BRICS and discussions about welcoming new members underscore the growing importance of the Global South in international affairs. For Africa, this offers opportunities to diversify partnerships, gain access to new markets, and attract investment in critical sectors. 

BRICS provides African countries with a platform to enhance their global influence and accelerate development. By investing in human capital, infrastructure, and digital transformation, the alliance can help build a resilient and prosperous future for the continent. Continued collaboration and shared commitment will be essential in unlocking the full benefits of this partnership.

By Chloe Maluleke 

Associate at The BRICS+ Consulting Group 

Russian & Middle Eastern Specialist

** MORE ARTICLES ON OUR WEBSITE https://bricscg.com/

** Follow https://x.com/brics_daily on X/Twitter for daily BRICS+ updates