Trading And Investing In & Out Africa

ISSUE 126 - VOL 2
April 15 - July 14, 2012

Dr. Bienvenu-Magloire Quenum
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The Brics's Emergence Opens New Political and Economic Alternative for African Nations

By Dr. Bienvenu-Magloire Quenum

The acronym BRICS stands for Brazil, Russia, India, China, and South Africa, which pull force together to create a new political and economic entity.

It started with the four first listed (BRIC) which head of states gathered at Yekaterinburg/Russia on June 16, 2009, to formally endorse the creation of the international political entity.

The summit's focus was on improving the global economic situation - after the financial crisis of year 2008's fall, and reforming financial institutions.

South Africa officially became a member nation on December 24, 2010, after being formally invited by the BRIC countries to join the group. The group was renamed BRICS – with the "S" standing for South Africa. For more on Brics follow this link.

- The BRICS are an economic and political powerhouse in the making

As shown on the map above, Brics entity does not have territorial continuity, it represents, however, a new political and economic force on the world stage.

Indeed, two of Brics members, Russia and China have each a permanent seat at the United Nations Security Council; and together, in current year 2012, the five BRICS countries represent half of the world's population, a combined nominal GDP of US$13.6 trillion, and an estimated US$4 trillion in foreign reserves.

This year 2012, the Brics countries provided 56 percent of world GDP growth, while the share of the richest nations of the West - the U.S. and Germany, is only 9.5. Further, the volume of trade within the Brics grew from US$27 billion in 2002 to US$250 billion in 2011.

And most important, the global wealth of the new entity is based on a productive economy, abundant natural resources - oil and other mineral resources, gold, platinum, coal, and hydro-power. Etc.

As we all know there is an ongoing financial crisis that officially started in 2008 [1, 2, 3, 4 5, 6, 7, 8, 9, 10, 11 12, 13, 14, 15, 16, 17], which is not global but mostly centered in the western part of the world as here briefly explained.

The successive quantitative easing monetary policy followed by the American Reserve Bank since 2010, that injected trillion of US$ fiat-money into the international monetary system, backed by legislation passed by the Congress, to increase the United States debt ceiling by US$1 trillion every - year, starting from 2011, raised the alarm bell amongst the Brics countries's leadership.

The Brics has therefore decided to accelerate the pace to searching for an alternative monetary system, to save their economy from huge inflation imported from abroad, and to stop predatory economic strategy/tactic to purchasing their national assets with fiat-money fresh from the printing press.

- A landmark Brics's leaders meeting

On March 29, 2012, Brics's leaders met at Delhi, India, for their fourth annual gathering. [At the left of this paragraph is an image picturing brics leaders; from left: Brazil’s President Dilma Rousseff, Russian President Dmitry Medvedev, Indian Prime Minister Manmohan Singh, Chinese President Hu Jintao and South African President Jacob Zuma].

They agreed to set up a bank to finance infrastructure projects and sustainable development in the bloc.

It would rival the International Monetary Fund (IMF) and the World Bank, which has been exclusively and respectfully chaired by Europe and the U.S. Since the inception of the Bretton Woods Agreements in 1944.

- A new political and economic era starts for the benefits of the people of the world

The decision taken by the Brics leaders to setup a developing bank to rival the IMF and the World Bank would have an immense impact on the developing process worldwide, particularly in African countries.

Indeed, these had been under a strict control of the IMF and the World Bank, with loans and financial interventions tied to strict disbursement procedure for allocated funds, under unbelievable conditionality - the last one for instance being the obligation for African leaders to promote gay rights to get funds from America aid-programs; not to forget forceful privatization of national assets/state run entities at bargaining prices to the benefit of "investors" from Europe and America.

Now, with the emergence of the Brics, to which several countries around the world are, no doubt about that, planning to adhere to, the IMF and the World Bank would need to compete to stay "healthy", and survive. They would have to drift away from "astonishing" loans conditions, and promote growth instead of "absurd" austerity programs, that had not help the developing of African nations - to say the least.

About the author: Dr. Bienvenu-Magloire Quenum is the principal/ managing director of Dr. Quenum & Associates, IBC; an experienced Investment & Business Planner with 30 years consulting practice in African countries; author of Africans, Stop Being Poor! and the editor in chief of Africabiz Online

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  Dr. B.M. Quenum
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Business Opportunities


A decade ago Africabiz Online dedicated a series to tropical fruits as per following links: [34, 35, 36, 37, 38, 39, 40, 42, 43, 44, 45, 46] - the last five listed concerning pineapple.

This current delivery continue revisiting the issues dedicated to pineapple cultivation a decade ago, to further highlight pineapple importance as an income building power for communities and nations of the South.

This new series about pineapple cultivation will be dedicated to the economic importance of pineapple fruit leaves and vegetable wastes as raw materials to manufacturing fibers.

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Control Your Desktop


Even if you boost the Wifi signal from your router using applications and devices here described, you may still experience jerky video streaming, if you have Broadband and Wifi

If such is the case, try to disconnect the Wifi system, either directly through the Connection Logo in the system tray - or proceed with this sequence of actions: Start/Control Panel/Network and Sharing Center/ - then Click on View Status of the Wireless System, and Choose Disable at the bottom of the interface.

It is also a good practice to install a Video Speeding application on your system to smooth the streaming of the broadcast. The following website hosts such an application

For more on the matter visit this link

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Freebie Of The Month


Screen savers are computer programs that are included on every computer sold today. The original function for the screen saver was to protect the computer monitor from damage when a single data or picture screen was left on the screen for an extended period of time.

Today, screen savers continue to provide the above outlined original service, but can also be configured to tighten up security measures. [Source]

For instance, with VISTA, on resume you can display the Logon Screen that requests the input of your Security Code, performing this sequence: Start/Control Panel/Personalization/Screen Saver - and tick "On resume display logon screen".

For more on the matter visit this link

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