EGYPT SIGNS PARTNERSHIP TO BUILD DESALINATION DEVICES FACTORY

EGYPT SIGNS PARTNERSHIP TO BUILD DESALINATION DEVICES FACTORY

CAIRO: Egypt is looking to Russian expertise to help improve the quality of locally produced seawater desalination devices and technologies, with the hope of setting up a specialized factory as part of the partnership between the two countries. The decision was announced following talks between the Russian Rusnano organization, the Arab Organization for Industrialization, the Armed Forces Engineering Authority and Alexandria University. “With this cooperation, we aim to increase the manufacturing of seawater desalination plants…

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RUSSIA TO DEVELOP A NUCLEAR POWER PLANT IN RWANDA

RUSSIA TO DEVELOP A NUCLEAR POWER PLANT IN RWANDA

Russia takes a practical step by building a nuclear power plant for Rwanda. After the Russia-Africa Summit in Sochi, Russia and Rwanda finalized on a deal to promote the use of nuclear energy in Rwanda. The deal was first initiated in December 2018, but was concluded after the summit. The project will completed by 2024 by Russia’s Rosatom Global Nuclear Company. Legal Agreement The agreement nails the immense alliance between both parties in handling the…

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RUSSIA-AFRICA SUMMIT : PRESIDENT PUTIN TO BOOST RUSSIA’s INFLUENCE IN AFRICA

RUSSIA-AFRICA SUMMIT : PRESIDENT PUTIN TO BOOST RUSSIA’s INFLUENCE IN AFRICA

President Vladimir Putin proffers help to Africa with no strings attached unlike those he regards as “the exploitative West.” In-line with Russia’s plan to increase her influence in Africa; Putin has offered help to African countries without expecting anything in return. This statement was made ahead of the first-ever Russia-Africa summit and economic forum which is to be held in Sochi, Russia from 23rd – 24th October, 2019 . Over 49 African leaders and 3,000…

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ERITREA AND RUSSIA SET TO INCREASE IT’S RELATIONSHIP WITH LOGISTIC CENTRE

ERITREA AND RUSSIA SET TO INCREASE IT’S RELATIONSHIP WITH LOGISTIC CENTRE

Eritrea set to agree deal with Russia for building a logistic centre port. Eritrea is making plans with Russia to build a logistic centre. The plans is part of Russia way of entering the Africa Market. It will also make the relationship of the both nation to be strong. Meanwhile the diplomatic development is an important milestone for both countries, each of whom has sought to expand its bilateral ties. Russia Foreign Minister Sergey Lavrov disclose…

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EGYPT AND RUSSIA TO SIGN DEAL FOR INDUSTRIAL ZONE OPERATION

EGYPT AND RUSSIA TO SIGN DEAL FOR INDUSTRIAL ZONE OPERATION

Egypt and Russia sign agreement for industrial zone operation. Egypt has sign an agreement with Russia for the development and operation of an industrial zone. The Agreement is been sign by both countries Minister for trade and industry. The Industrial zone will be in East Port Said which is not far from the capital. It will also be build on a 5.25 million square-meter plot of land over three phases. The industrial zone will also serve as an international…

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AFREXIMBANK TO BOOST AFRICA’S AVIATION INFRASTRUCTURE

AFREXIMBANK TO BOOST AFRICA’S AVIATION INFRASTRUCTURE

Afreximbank pledges to support Africa’s Aviation sector The African Export-Import Bank (Afreximbank) in partnership with the Russian Export Center (REC), embarked on a five-day roadshow. The road show took place in Nairobi, Kenya, through Kampala, Lagos, Abuja and Bamako. This event is part of efforts of the organizing bodies to improve the air transport infrastructure in Africa. Its intent is also to raise the profile of  cutting-edge Russian aircraft and helicopters in Africa. The roadshow’s purpose is to…

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AFREXIMBANK TO FUND AVIATION IN AFRICA

AFREXIMBANK TO FUND AVIATION IN AFRICA

Pan-African bank Afreximbank set aside US$20bn to support Aviation in Africa African Export-Import Bank (Afreximbank) yesterday unveiled a special credit facility for airlines and governments seeking funds to buy Russian-made commercial aircraft. Global head of client relations for the bank, Rene Awambeng said it struck a deal with Russian Export Sector (REC). The deal is to help fund African-based operators to make the purchases. Afreximbank have provided US$20bn to support African airlines including national flag carrier Kenya Airways. The…

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ROSATOM TO DEVELOP NUCLEAR PLANT IN NIGERIA

ROSATOM TO DEVELOP NUCLEAR PLANT IN NIGERIA

Russia and Nigeria signed agreement to build a nuclear plant and research centre in the country. Rosatom State Atomic Energy Corporation is a state corporation in Russia, which is the regulatory body of the Russian nuclear complex has signed an agreement with Nigeria on the construction and operation of a Nuclear Power Plant and a Research Center housing a multi-purpose nuclear research reactor on the country territory. The agreement was signed by Anton Moskvin, Vice president for Marketing…

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