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Africa - BRICS Partnership Is Growing Rapidly

07 Feb, 2014

The cooperation between Africa and the BRICS has gained new momentum and generated much interest in recent years. This is because these countries, particularly Brazil, China, India and South Africa, have begun playing an increasingly prominent role in global trade, finance, investment and governance. Within this trend, Africa has deepened its engagement with these countries, not only in terms of trade, investment and development finance, but also in terms of diplomatic and cultural relations. The size of the BRICS economies, their economic potential and their demand for a stronger political voice on the international platform make them particularly relevant to Africa’s development.

What effect could BRICS trade, investment and aid have on growth, employment and structural transformation in Africa? How can Africa maximize the positive effects of its interactions with the BRICS, and minimise the costs? This study undertakes a comparative analysis of the BRICS practices in their cooperation with Africa, and their implications for addressing the pressing challenges of strong and sustained economic growth, employment and structural transformation in Africa.

The greatest impact of BRICS on Africa will emanate through three key channels: Trade, investment and development assistance. Already, in all three areas, the impact of BRICS is being felt strongly across the continent although significant differences exist in the breadth and depth of each BRICS country’s engagement in Africa. Read More - Capital Finance International (CFI.co)


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Thomas Kwesi Quartey

ACBF has been granted the status of a specialized agency because of the potential to transform Africa through capacity development.


H.E. Thomas Kwesi Quartey, Deputy Chairperson, AU Commission
Erastus Mwencha

The recognition of ACBF as the African Union’s Specialized Agency for Capacity Development launches the beginning of a new era for capacity building by ACBF, which will require an appropriate level of political commitment and financial support from all stakeholders.


H.E. Erastus Mwencha, Chair, ACBF Executive Board
Lamin Momodou

The remarkable achievements ACBF has registered over the past 26 years is not by accident in our opinion. They have come through hard work, dedication, commitment, purposeful leadership, support from the member countries as well as productive partnership building.


Mr. Lamin Momodou MANNEH, Director, UNDP Regional Service Centre for Africa
Goodall Gondwe

Africa needs ACBF as much, probably more now, than at the time it was created in 1991.


Hon. Goodall Gondwe, former Chair of the ACBF Board of Governors and Minister of Finance – Malawi
Ken Ofori Atta

Ghana’s partnership with ACBF is a tremendous blessing for us and therefore the opportunity for Ghana to host the 26th ACBF Board of Governors Meeting is something that we treasure.


Hon Ken Ofori Atta, Chair of the ACBF Board of Governors and Minister of Finance - Ghana
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