Africa

Russia Equatorial Flags

Russia, Equatorial Guinea Hold Trade Development Talks

Africa, Energy, Trade

The Russian President, Vladimir Putin, has been holding discussions with the President of Equatorial Guinea, Teodoro Obiang Nguema Mbasogo, in Moscow. Equatorial Guineas currently holds the Presidency of the Economic Community of Central African States (ECCAS). The Kremlin said the agenda for the talks “includes prospects for the further development of Russian-Equatoguinean relations in various areas […]

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Sao Tome Port

Russia Plans Maritime Cooperation With Sao Tome & Principe On The West African Coast

Africa, Infrastructure, Logistics & Transport, Trade

Russia is set to gain access to a key strategic naval port in the West African Atlantic Ocean through a bilateral cooperation agreement with the island nation of Sao Tome and Principe, located off mainland Nigeria, Cameroon and Gabon.   A bill on the issue has been approved by a Russian government commission on legislative activity.

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Sahel

Russia signs Strategic Satellite Agreements with Burkina Faso, Mali and Niger

Africa, Infrastructure, Investment

Burkina Faso, Mali and Niger have agreed with Russia to acquire telecoms and surveillance satellites, in what is becoming a significant development in West Africa. According to Mali’s Finance Minister Aluseni Sanou, the telecoms vehicle is expected to provide television and radio broadcasting throughout the countries of the Sahel Alliance of States (ASG), internet and

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Cocoa

Moscow Stock Exchange Begins Trading In Cocoa Futures With African, Asian and Latin American Producers A Main Beneficiary

Africa, BRICS, Finance, Trade

The Moscow Stock Exchange (MOEX) has begun trading in cocoa futures contracts, with trading and settlements conducted in Russian Rubles. The cocoa trade desk began operating yesterday (September 24) and reflects an international demand for the product, reflecting the dynamics of the price of cocoa beans supplied from countries in Africa, Asia, and Central and

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steel Company

Russia Invests In Nigerian Steel Industry Revival  

Africa, Investment

A Russian consortium has signed a Memorandum of Understanding (MoU) with the Nigerian government to restart operations at Nigeria’s Ajaokuta Steel Plant. The plant, together with Nigeria’s  National Iron Ore Mining Company (NIOMCO), have been dormant for 42 years. The agreement was formalized during a recent visit to Moscow by Prince Shuaibu Abubakar Audu, Nigeria’s

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Russia To Construct Fuel Pipeline In The Republic Of Congo

Africa, Energy, Investment, Trade

Russia has tentatively agreed to the construction of a fuel pipeline in the Republic of Congo, according to a Russian government decree published on Monday (September 16). The pipeline will link the western port of Pointe-Noire to the capital Brazzaville, and will also pass through the town of Loutete, about 155 kilometers (96 miles) west

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Russia Egypt

Russia – Egypt Bilateral Trade Triples To Over US$7 Billion

Africa, BRICS, Eurasian Economic Union, Trade

The Russian Foreign Minister, Sergey Lavrov, and Trade and Industry Minister Anton Alikhanov met with Egypt’s Egyptian Foreign Minister Badr Abdelatty in Moscow on Monday. The meetings were to discuss the situation in Palestine, as well as trade updates and other bilateral relations. Egypt is also a member of BRICS, with the 2024 annual heads

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Russia Providing Nuclear Power Assistance To Zimbabwe

Africa, Energy, Infrastructure, Investment, Trade

Zimbabwe’s minister of primary and secondary education, Torerayi Moyo, has stated his thanks to Russia for assistance in training specialists in the Zimbabwean nuclear power and space industries. Moyo stated that Zimbabwe aims to build a nuclear power plant and develop its nuclear energy sector as part of the country’s broader industrialization goals. He said

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