Image credit : benedek
Ethiopia wants in on BRICS bloc of high-growth economies
Addis Ababa , Ethiopia
The colours of the Ethiopian flag adorn a street in the capital , Addis Ababa . Ethiopia wants to join the BRICS group of highgrowth economies and its foreign minister , Meles Alem , says he is optimistic about their chances . According to Goldman Sachs , Africa ’ s second most populous country is expected to outgrow existing BRICS members including Brazil , Russia , India and even China over the next 40-50 years . It has an ally on the continent in South Africa , part of BRICS since 2010 , but there are still obstacles to Ethiopia ’ s admission . It faces competition from around 20 other would-be members , a researcher at the South African Institute of International Affairs told German broadcaster DW , and tensions in the region of Tigray may prove insurmountable .
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