First Russia-Africa business forum in October

In Sochi this October, the first Russia-Africa business forum will be held as part of the Russian-African Summit.According to the Roskongress Foundation, it is expected that the heads of African states, representatives of Russian, African and international business and government structures, as well as integration associations on the African continent, will attend the forum.According to Denis Manturov, Russia’s industry and trade minister, whose office will be one of the main organisers of the forum, the potential of Russian-African military, technical and industrial cooperation is quite large. "Properly using their advantages, Russian companies are able to strengthen their positions in the African market. We hope that over time, the interest of Russian industrialists in this region will increase. In any case, we will do everything we can for this," Manturov stressed.Russia has always paid priority attention to the development of relations with African states. So, in 2018, during the Russian energy week, the first Russian-African energy roundtable was held. As part of the St Petersburg International Economic Forum 2019, which will be held June 6-8, the Russia-Africa business dialogue will traditionally take place.In 2017, the volume of trade between Russia and African countries increased by more than a quarter compared with 2016 and amounted to US$17.4 billion. Most of the turnover is Russian exports (US$14.8 billion), which increased by 29.8%. Imports of African goods to Russia grew by 8.3% to US$2.6 billion. In the first half of 2018, the trade turnover amounted to approximately US$10.5 billion, with imports almost reaching indicators for the entire 2017. Russian investments in Africa from 2003 to 2017 amounted to about US$17 billion.

First Russia-Africa business forum in October

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Republikein 2026-02-03

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First Russia-Africa business forum in October

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Republikein 2026-02-03

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