Morocco ranks as Africa's third-wealthiest nation, report shows
Morocco is Africa's third-wealthiest nation with 7,500 millionaires, the Africa Wealth Report 2025 found. The North African
Algeria has opted not to join the BRICS group, citing the political positions and membership criteria of the bloc, according to a decision by Algerian authorities. BRICS, founded in 2006, is an economic and political alliance comprising Brazil, Russia, India, China, and South Africa. Starting January 1, 2024, the group will expand to include Egypt, Iran, the United Arab Emirates, Saudi Arabia, and Ethiopia.
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