https://en.sputniknews.africa/20241205/russia-to-launch-financial-support-for-investment-projects-in-africa-in-2025-deputy-pm-says-1069550421.html
Russia to Launch Financial Support for Investment Projects in Africa in 2025, Deputy PM Says
Russia to Launch Financial Support for Investment Projects in Africa in 2025, Deputy PM Says
Sputnik Africa
The government is planning for the investment fund to start working in 2025, the Russian deputy prime minister noted. 05.12.2024, Sputnik Africa
2024-12-05T09:49+0100
2024-12-05T09:49+0100
2024-12-05T09:49+0100
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Russia plans to launch an investment fund in 2025 to help Russian companies interested in investing in projects in Africa, Russian Deputy Prime Minister Alexey Overchuk told reporters. The deputy prime minister noted that Russian business is interested in developing trade and economic relations with African partners and realizing its export potential. The development of new markets is associated with the need to establish business contacts, develop transport, logistics and energy infrastructure, as well as with known investment risks, he added.
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Russia to Launch Financial Support for Investment Projects in Africa in 2025, Deputy PM Says
Alla Shukanova
Writer / Editor
The government is planning for the investment fund to start working in 2025, the Russian deputy prime minister noted.
Russia plans to launch an investment fund in 2025 to help Russian companies interested in investing in projects in Africa, Russian Deputy Prime Minister Alexey Overchuk told reporters.
"As a follow-up to the discussions held at the Russia-Africa Forums, on the instructions of Russian President Vladimir Vladimirovich Putin, the government has decided to create an investment fund as a mechanism to support Russian companies interested in investing in energy, transport and logistics, and mining projects on the African continent," Overchuk said.
The deputy prime minister noted that Russian business is interested in developing trade and economic relations
with African partners and realizing its export potential.
"We are also interested in balanced trade, saturation of our market with imported goods, which requires the creation of appropriate conditions," Overchuk pointed out.
The development of new markets is associated with the need to establish business contacts, develop transport, logistics and energy infrastructure, as well as with known investment risks, he added.
"According to experts, the fund will help attract Russian public and private investments into the economies of African countries, the total amount of which could be at least $2 billion, and its work will have a positive impact on the growth of trade turnover between Russia and Africa," Overchuk concluded.
