Since joining BRICS in January 2024, Ethiopia has been actively involved in the group's economic program called Strategy 2025
The countdown has started to the BRICS super-summit to be held in Kazan, Russia, on October 22-24. In addition to the heads of state and government of the 10 BRICS countries – Brazil, Russia, India, China, South Africa, Iran, Ethiopia, Saudi Arabia, the United Arab Emirates, and Egypt – more than 30 world leaders were invited to participate, including Turkish President Recep Tayyip Erdogan and United Nations Secretary-General António Guterres.
Numerous ministerial meetings leading up to the group’s annual summit have emphasized the urgent need to consolidate economic, financial, and trade exchanges among the BRICS countries. Before leaving for Russia next week, Ethiopian Prime Minister and Nobel Peace Prize winner Abiy Ahmed (pictured) urged BRICS investors to take advantage of the opportunities available in Ethiopia, especially in sectors related to manufacturing and agriculture – Ethiopia is the world’s fourth largest coffee producer – renewable energy, mining, telecommunications, and tourism. “These sectors of Ethiopia’s national economy have tremendous potential for growth and innovation, and by investing in these sectors, BRICS countries can capitalize on our country’s strategic position as a true gateway to the entire African continent, while contributing to our shared development goals.” The Prime Minister said this during a meeting with journalists in Addis Ababa. According to Ahmed, “Ethiopia is a fast-growing economy and presents significant opportunities for investment, economic and commercial cooperation for both BRICS partners and the rest of the world.”
Ethiopia joined BRICS in January 2024, and “the country is committed to implementing the group’s economic development plan Strategy 2025,” stressed Ahmed, according to whom “the goal of the program shared by Ethiopia is to promote sustainable development in its economic, social, and environmental dimensions in an integrated and balanced manner.” And this is because “the BRICS economic development strategy is in line with Ethiopia’s development goals, particularly with regard to industrialization, food security, and environmental sustainability,” concluded the Ethiopian Prime Minister.