Abdelmadjid Tebboune, the president of Algeria, was quoted by Ennahar TV as saying that Algeria, the largest country in Africa, has expressed a desire to join the BRICS union. He said that this important alignment with the five largest rising economies might potentially open up previously incredible economic opportunities for all the countries.
I met and held discussions with the Algerian Special Envoy and Foreign Affairs Minister, H.E Ramtane Lamamra at my country home in Rwakitura. H.E Lamamra brought a special message and warm greetings from the President of Algeria, H.E Abdelmadjid Tebboune to the people of Uganda. pic.twitter.com/i14k9ZfQkC
— Yoweri K Museveni (@KagutaMuseveni) June 17, 2022
Algeria Sets Sights on the BRICS
The frequently challenged BRICS reserve currency may be receiving less attention in the run-up to the upcoming BRICS Summit, but over 40 countries have expressed a strong interest in joining this powerful group.
— qatar adventure (@QatarAdventure) April 20, 2019
South Africa’s representative to BRICS, Ambassador Anil Sooklal, made a subtle allusion to the organization’s impending growth this year. President Abdelmadjid Tebboune of Algeria has said that Algeria has formally applied to join the BRICS organization, which is currently made up of Brazil, Russia, India, China, and South Africa, according to a Reuters report via Ennahar TV.
“We sent a letter requesting to be shareholder members in the bank, and we officially joined the BRICS group… According to a statement from Tebboune to Ennahar, Algeria would deposit $1.5 billion into the bank as its initial investment.
Algeria has an abundance of resources that are prepared to supply the BRICS group with natural gas, crude oil, nitrogenous fertilizers, and ammonia. The nation also boasts a wealth of minerals, much of which is still available for inquiry and development. Included in this are productive reserves of gold, phosphate, and iron ore.
"Algérie, algeria c'est Dieu qui donne." is absolutely correct! God has blessed Algeria with an abundance of natural resources and a rich culture. The Algerian people are incredibly resilient and have overcome many challenges. I am proud to be Algerian and I know that our
— Tweeting Monk (@TweetingMonk_fr) October 26, 2022
Algeria is currently focusing on utilizing its undiscovered gold deposits in an effort to diversify its economy. Currently, the economy of Algeria is heavily influenced by the constantly shifting worldwide hydrocarbon prices. However, the World Bank expects a 2.3% increase in Algeria’s GDP this year, signaling the possibility of a spike.
Johannesburg, South Africa, will play host to the eagerly anticipated 15th BRICS Summit from August 22–24, 2023.
South Africa to host India in annual Twenty20 fixture: JOHANNESBURG, March 5 – South Africa will play India in a… http://t.co/1owGrDrI
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The summit will mark the first in-person gathering since the COVID-19 outbreak began. Vladimir Putin, the president of Russia, is said to have decided not to go this year. Although it’s still unclear whether new nations will be accepted into the BRICS corps, belief on the subject has reached previously unheard-of heights.