Russian trade with African states has grown in recent years, opening up fresh possibilities across a range of operational areas and providing new profitable opportunities. Russian trade with sub-Saharen countries was $3.6 billion in 2017, compared to $3.3 billion in 2016 and $2.2 billion in 2015. The mining and energy sectors still account for a large part of Russian investment. At the same time the transport and agriculture sectors are set to see further development as the investment climate becomes stronger.
Russia has also been cooperating with African countries in the high-tech industry. Rosatom (Russia’s State Atomic Energy Corporation – TASS) has been working on a number of projects that are of interest to African states, including a nuclear science centre in Zambia.
Ghana, Tanzania and Ethiopia are countries seeing renewed interest from Russian investors and talks continue on the construction of a nuclear power plant in South Africa.
ALPHA believes there are definite signs of increased optimism for trade development and sustained foreign investment by Russian interests on the continent of Africa. If you wish to receive further information about doing business in Africa or if you are already well established there but wish to re-position your business please contact us at firstname.lastname@example.org. Our digital magazine African Port Hub is a source of authoritative editorial information on logistics developments across Africa and offers excellent advertising and promotional opportunities.