Africa Named a Key Destination for Russian Companies and Exports

Gazeta.Ru reported that VEB.RF Deputy Chairman Daniil Algulyan valued the corporation’s Africa portfolio at approximately $2.5 billion. He also outlined the development of new financing mechanisms, including mezzanine lending.

Ahmed Azimov, Chairman of the Russian-Algerian Business Council, urged Russian businesses to invest, localize production, open offices, and hire and train local staff.

Roundtable participants discussed industrial cooperation, agricultural technologies and skills development.

Source: Gazeta.Ru

Photo from the Gazeta.Ru article: Ramil Sitdikov / RIA Novosti.