Russia and African Countries Agree on Cooperation

The Roscongress Foundation signed a number of cooperation agreements on the first day of the Russia–Africa Economic Forum to establish effective communication between the expert and business communities of the Russian Federation and African countries. The agreements were signed with the Egyptian Exporters Association – Expolink, the National Agency for Investment Promotion of the Republic of the Congo, the Nigerian Investment Promotion Agency, the Eswatini Investment Promotion Authority, the Chamber of Commerce of Burkina Faso, the Chamber of Commerce, Industry, and Agriculture of Tanzania, the Chamber of Commerce and Industry of Abuja, the Kenya National Chamber of Commerce, the Chamber of Commerce and Industry of Mali, and the Confederation of Business Associations of Mozambique.

“The Forum provides us with a unique opportunity to establish a direct dialogue with representatives of the authorities and the business community of the African continent. The agreements we signed today create fundamentally new opportunities for us and should take communication between representatives of business, state, public organizations, and social institutions to a new level. Today we have laid a solid foundation for building long-term and diverse cooperation between Russia and African countries. Partnerships in such areas as modern technologies, industry, construction, and many other areas are all being discussed at the Russia–Africa Economic Forum, and I am sure that this will result in long-term mutually beneficial collaboration with our regional partners in African countries,” Roscongress Foundation CEO Alexander Stuglev said.

Khaled El Mikati, Chairman of the Board of Directors of the Egyptian Exporters Association – Expolink, noted the Egyptian business community’s high level of interest in cooperation with Russia: “Collaborating with the Roscongress Foundation creates opportunities for us to build a direct dialogue with our Russian partners, including at the major business events conducted by the Foundation, such as the St. Petersburg International Economic Forum, Eastern Economic Forum, and Russian Energy Week. Participating in these events helps us find methods of mutually beneficial cooperation between our countries and build effective communication for the successful implementation of joint projects.”

The Roscongress Foundation also signed a cooperation agreement with the Institute for African Studies of the Russian Academy of Sciences.

“A number of strategic cooperation agreements have been signed on the sidelines of the Russia-Africa Economic Forum today. Joint projects will be implemented in the economic, social, and humanitarian spheres. The Forum served as a platform for dialogue and a meeting place for the expert community and laid the foundation for long-term mutually beneficial cooperation between Russia and Africa,” said Irina Abramova, director of the Institute for African Studies of the Russian Academy of Sciences.

The Russia–Africa Summit and Economic Forum will take place on 23–24 October in Sochi at the Sirius Park of Science and Art. The events are being organized by the Roscongress Foundation, and the co-organizers of the Russia–Africa Economic Forum are Russian Export Center and Afreximbank.

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The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions, exhibitions, and public events.

The Roscongress Foundation was founded in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 206 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by more than 2,500 people working in Russia and abroad. In addition, it works in close cooperation with economic partners from 94 countries worldwide.