This week’s Russia-Africa Economic and Humanitarian Forum in St. Petersburg will give a new impetus to cooperation
Russia is keen to listen to the needs of Africans and to build relations on the principle of ‘development not at the expense of Africa, but with Africans’. This will be done in full knowledge that we are natural partners.
The situation surrounding Africa’s trade and economic development in recent decades has been characterized by increased attention of major players in the global economy on the continent’s future.
The ‘competition for Africa’ among global and regional powers is driven by the region’s significant economic growth potential, rich resource base, and growing consumer market.
Despite socio-economic challenges and political instability in a number of countries, Africa has the potential to become a major growth center for the global economy.
The Russian Ministry of Economic Development has coordinated…
