AFRICAN INVENTORS, YOUR CONTRIBUTIONS COULD BENEFIT FROM THE BRICS ECONOMIC ALLIANCE
MEMBERS & VISITORS:
AFRICAN INVENTORS, YOUR CONTRIBUTIONS COULD BENEFIT FROM THE BRICS ECONOMIC ALLIANCE
There is a MAJOR realignment underway in the world today which is of special interest to Africa and Africans. Companies, governments, and even individual inventors should consider seeking investors and lenders who are not part of the western economic hegemony which has been in control of the economic life of the African continent. Loans, grants, and investments from the former colonial and neocolonial powers have most often come with significant strings attached that have powerfully shaped the outcome of the supported projects and businesses receiving money. At this point, alternatives exist and it is in Africa’s interest to now understand these new possibilities and realignments in the global order. It’s also important for African countries to diversify their partnerships and not to rely too much on a single country or group of countries for their development, this way they can avoid being too dependent on a single country, especially when this country is known for using unscrupulous means to gain resource and strategic advantages. NO African country perceives that a nation which has established widespread military bases on the African continent has done so with the exclusive interests of Africa in mind. These bases are soley established to protect and forward the interests of the nation establishing the bases.
Also, It’s important to mention that African countries should also take advantage of different institutions and organizations such as the African Union and the United Nations, to seek support, advise, and assistance to make sure that their agreements and interactions with other countries like China align with international laws and regulations.
As a move to address the perceived U.S. hegemony of the IMF, Russia is ready to develop a new global reserve currency alongside China and other BRICS nations in a potential challenge to the dominance of the U.S. dollar. This chess move will allow BRICS to build their sphere of influence and unit of currency within that sphere. The United States appears to perceive that it is playing a losing game of influence in the contest for alliances with Africa. Biden’s address on future relations may put you to sleep so be warned LOL.
President Biden sought to revitalize America’s listless relationship with Africa
South African President Cyril Ramaphosa has claimed that Saudi Arabia wants to join BRICS. He says Crown Prince MBS showed interest in joining the bloc during his recent meeting with him. Is Riyadh trying to disassociate itself from the West?
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Mechanical/Solar Engineer, Prof. Oku Singer
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