Kester Kenn Klomegah
Kester Kenn Klomegah is an independent researcher and writer on African affairs in the EurAsian region and former Soviet republics. He wrote previously for African Press Agency, African Executive and Inter Press Service. Earlier, he had worked for The Moscow Times, a reputable English newspaper. Klomegah taught part-time at the Moscow Institute of Modern Journalism. He studied international journalism and mass communication, and later spent a year at the Moscow State Institute of International Relations. He co-authored a book “AIDS/HIV and Men: Taking Risk or Taking Responsibility” published by the London-based Panos Institute. In 2004 and again in 2009, he won the Golden Word Prize for a series of analytical articles on Russia's economic cooperation with African countries.
President Vladimir Putin has said in a New Year's message to South African President Jacob Zuma that Moscow is looking for strengthening economic cooperation between the two countries as well cooperating within the format of BRICS in implementing the final decisions adopted at the BRICS summit in Ufa.
African leaders, export trade organizations and corporate businesses have an extraordinary opportunity to design a well-timed strategy to take advantage of the growing market and to boost trade as a way to reverse considerably trade imbalance that has existed from Soviet days between Russia and Africa, both foreign and local experts have suggested.
While Russia's interest in the sub-Saharan Africa is nothing new, Russian authorities have realized that it’s time to move back primarily to reclaim its economic footprints and to find old Soviet-era allies, but that step comes with new challenges especially from other foreign players and the changing internal political and economic conditions in Africa.
Over the past few years, Russian companies have shown an increasing interest towards investment and preparedness to compete with other foreign players in Africa, but they have also complained bitterly of lack of state financial support and investment credit guarantees from policy banks and money-lending institutions.
Interview with Maxim Chereshnev
Russian Export and Investment Fair (REIF) to be held on 19-20 November 2015, for the first time, will gather high level participants from more than 50 countries and 80 regions in Russia. The purpose of the REIF is to create an international platform for professional dialogue of the business community.
In August 2014, Viktor Polikarpov was appointed as the Regional Vice -President of Rosatom International Network. His key responsibilities include overseeing, implementing and managing all Russian nuclear projects in Sub-Sahara African region. In this interview, Viktor Polikarpov discusses the potential nuclear energy requirements and nuclear safety as well as how to use nuclear energy in agricultural, health and other sectors of the economy in Africa.
After three days of high-level summitry deliberations, the BRICS group of countries (Brazil, Russia, India, China and South Africa), created by the five world’s leading emerging markets, have laid the strategic "road map" that will tackle challenging development and infrastructure projects, and will seek close economic cooperation under the plan termed "the Strategy of Economic Partnership" that will run till 2020.
An Interview with Dmitry Golovanov
Russian financial institutions have shown high interest in helping to raise the economic and business profiles both ways, Russian business in Africa and African business in Russia. For example, Eximbank of Russia has expressed readiness to take advantage of huge opportunities and existing growth potential in both regions. Eximbank of Russia is always open for a dialogue and discussion of projects of various degree of complexity.
In full-fledged preparation for the official launch of BRICS New Development Bank (NDB) as an extraordinary highlight event during the July Summit under his chairmanship, Russian President Vladimir Putin has ratified an agreement on the establishment of a $100 billion BRICS pool of currency reserves, according to a document published early May on Kremlin’s official website.