The Great Debate UK
Some eye-catching numbers from Standard Bank out today on the influence of BRICs countries -- Brazil, Russia, India and China -- on Africa.
First off, the bank says the global recession and its recovery have been nourishing these so-called South-South ties. But it is all now ready to take off. The bank estimates:
-- By 2015, BRIC-Africa trade will have incresed threefold, to $530 billion from $150 billion this year.
-- BRICs share of Africa's total trade will increase from one-fifth today to one-third in the next five years.