Entries by Richard Guthrie

BRICS: What is the meaning of BRICS?

BRICS is an acronym for Brazil, Russia, India, China, and South Africa.The Economist Jim O’Neill created the term BRIC in the year 2001 (which stands for Brazil, Russia, India, and China) with the belief that these economies would dominate global growth by 2050.The BRICS nations offered a source of foreign expansion for firms and strong […]

BRICS: Importance of BRICS to Africa

The BRICS countries constitute Africa’s largest trading partners and new investors. BRICS has nourished Africa’s economic emergence and elevated the continent’s contemporary global positioning. This book seeks to determine the potential of BRICS-Africa cooperation in promoting African development. BRICS (Brazil, Russia, India, China, South Africa) plays a significant role in Africa due to its potential […]

BRICS: A DeFi based Revolution in Financial Industry

Decentralized finance, also known as DeFi, is a broad term for various financial applications in the blockchain or cryptocurrency world that aim to shake up financial middlemen. It’s built on secure, spread-out record-keeping systems. The goal of DeFi is to build a financial service ecosystem that doesn’t need permission, is clear, open-source, and doesn’t have […]

BRICS: History of BRICS

History of BRICS BRICS is an informal group of states comprising the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People’s Republic of China and the Republic of South-Africa. Russia initiated the creation of BRICS. On 20 September 2006, the first BRICS Ministerial Meeting was held at the proposal of Russian […]

BRICS: Partners of BRICS

The fifth meeting of the BRICS countries (Brazil, Russia, India, China and South Africa) held in Durban, South Africa, from March 26 to 27, 2013, was seen as an opportunity for Africa to strengthen its ties with these major emerging economies. The theme of the summit was “BRICS and Africa – partnerships for integration and […]

BRICS: What five countries make up BRICS??

The five countries making up BRICS are; Brazil, Russia, India, China, South-Africa. The BRICS countries are known for their significant influence on regional and global affairs. They represent a diverse range of economies, cultures, and political systems. BRICS summits provide a platform for these countries to discuss cooperation on various issues, such as economics, politics, […]

BRICS: What does BRICS mean??

BRICS is an acronym for Brazil, Russia, India, China, and South Africa.The Economist Jim O’Neill created the term BRIC in the year 2001 (which stands for Brazil, Russia, India, and China) with the belief that these economies would dominate global growth by 2050.The BRICS nations offered a source of foreign expansion for firms and strong […]

Understanding Cryptocurrency: A Beginner’s Guide

Introduction: Cryptocurrency has been making headlines in recent years, with many people investing and trading in various digital currencies. But what exactly is cryptocurrency, and how does it work? In this post, we’ll delve into the world of cryptocurrency, exploring its definition, history, benefits, and risks. What is Cryptocurrency? Cryptocurrency is a digital or virtual […]

Cryptocurrency: A Beginner’s Guide

Introduction: Cryptocurrency has been making headlines in recent years, with many people investing and trading in various digital currencies. But what exactly is cryptocurrency, and how does it work? In this post, we’ll delve into the world of cryptocurrency, exploring its definition, history, benefits, and risks. What is Cryptocurrency? Cryptocurrency is a digital or virtual […]

Understanding Cryptocurrency: A Beginner’s Guide

Understanding Cryptocurrency: A Beginner’s Guide Introduction: Cryptocurrency has been making headlines in recent years, with many people investing and trading in various digital currencies. But what exactly is cryptocurrency, and how does it work? In this post, we’ll delve into the world of cryptocurrency, exploring its definition, history, benefits, and risks. What is Cryptocurrency? Cryptocurrency […]