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Southern Africa: Zimbabwe close to joining BRICS

Kudakwashe Mugari in SAINT PETERSBURG and Rumbidzai Zinyuke in HARARE

Zimbabwe is getting closer to joining the BRIC economic bloc and its good relations with its members will improve its chances of being admitted to the emerging global financial order, President Mnangagwa has said.

Brazil, Russia, India and China founded the BRICS in 2009 before South Africa joined a year later. Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates have been invited to join BRICS.

BRICS members are pushing for a new economic order, with a break from the Western-aligned Bretton Woods financial order.

The member countries of the group are important emerging economies that have joined forces to promote their interests and influence on the global stage.

The formation of the BRICS in 2009 marked a significant shift in the balance of global power and economic influence.

As part of Zimbabwe’s strategic efforts to strengthen its economic ties and expand its global influence, President Mnangagwa held extensive high-level talks with Russian President Vladimir Putin, focusing on Zimbabwe’s interest in joining the BRICS.

The President said he also discussed Zimbabwe’s possible membership in BRICS with South African President Cyril Ramaphosa, emphasizing that none of the BRICS nations have anti-Zimbabwe sentiments.

“Upon joining the BRICS, I discussed this issue with my dear brother, President Putin, and told him that it is our wish to join the bloc. I had also previously discussed it with my neighbor, President Cyril Ramaphosa of South Africa. The prospects are “It’s good because none of the BRICS members are against Zimbabwe. “We also have excellent relations with China and Brazil.”

BRICS membership could give Zimbabwe access to new markets, investment opportunities and technological cooperation.

President Mnangagwa’s diplomatic overture comes as Zimbabwe seeks to revitalize its economy and shed its Western isolation.

Addressing the preliminary session of the 27th St Petersburg Economic Forum on Friday, President Mnangagwa said the perpetual marginalization of the Global South was no longer acceptable.

He said a new global order was taking shape, which would usher in multiple centers of economic growth, innovation and cultural influence.

“It is regrettable and unacceptable that the collective West continues to pursue hegemonic trends that blatantly violate the sovereign equality of nations, justice and equity, as enshrined in the United Nations Charter.

“There is a general consensus that unipolarity has no place in modern global politics or international economic relations.”

The BRICS alliance was a deliberate move to unite the emerging economic giants, providing them with a stronger collective voice and influence in international affairs.

Over the years, the BRICS have evolved from an economic cooperation group to an influential player in global politics, with common goals and shared interests.

The group’s activities include annual summits, working groups on various topics and initiatives to promote cooperation in areas such as trade, finance and development.

Meanwhile, President Mnangagwa is back home.

He returned yesterday morning and was welcomed at the Robert Gabriel Mugabe International Airport by Vice President Kembo Mohadi, cabinet ministers, senior government officials, service chiefs and Zanu PF supporters.

In a brief speech at the airport, the President expressed his gratitude for the support provided to Zimbabwe by Russia and South Korea for national development.

President Mnangagwa said Zimbabwe shares cordial relations with Russia and South Korea and that meetings with the countries’ leaders helped cement existing ties.

“Thank you for welcoming me home. I have been away for some time. I went to South Korea for the Korea-Africa Summit. I had the opportunity to speak with the President of South Korea and he pledged his support for Zimbabwe, particularly in agriculture. He promised to help us with expertise so that we can grow our agricultural industry,” he said.

More than 50 African Heads of State attended the summit, which also gave leaders the opportunity to meet and exchange notes on different topics.

President Mnangagwa said talks with his South Korean counterpart, President Yoon Suk Yeol, focused on how to further improve ties between the two countries.