- Brazil launches a trade mission to southern Africa, targeting South Africa, Zambia, Mozambique, and Ethiopia from August 26 to September 2, 2026.
- India has signed new deals with southern African nations in manufacturing, pharmaceuticals, and critical minerals.
- China’s trade with Africa surpassed $208 billion in the first half of 2026 under a zero-tariff model.
- India is reportedly ready to pitch a BRICS central bank digital currency (CBDC) as part of the bloc’s broader economic strategy.
The BRICS alliance is deepening its economic ties with southern Africa as Brazil, India, and China pursue new trade deals that could accelerate the bloc’s push for a central bank digital currency. Brazil’s government, through the Brazilian Trade and Investment Promotion Agency (ApexBrasil), announced a business mission to the region organized by the Ministry of Foreign Affairs, according to reports. The itinerary includes South Africa, Zambia, Mozambique, and Ethiopia, with talks scheduled between August 26 and September 2, 2026, as detailed by Brazil 247.
Consequently, the mission aims to strengthen trade relations and establish Brazilian companies in the region, offering southern African nations new business projects. Meanwhile, India has already signed deals in manufacturing, pharmaceuticals, and critical minerals, with Commerce Minister Piyush Goyal present, according to ANI. China has also forged ahead, with bilateral trade exceeding $208 billion in the first half of 2026, reported Tunis Afrique Presse.
China adopted a zero-tariff model with African counterparts, and imports of African products exceeded $28 billion during May and June. These moves support the bloc’s foreign policy and extend ties to newer businesses, while India is reportedly ready to pitch a BRICS central bank digital currency (CBDC) to further integrate financial systems.
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