Dmitry Medvedev to Take Part in the Russia–Africa Economic Conference
On 21 June, Chairman of the Russian Government Dmitry Medvedev will speak at the Russia—Africa Economic Conference, which is timed to coincide with the Afreximbank Annual Meeting. The key theme is «Partnership with developing countries in the age of protectionism». The Annual Afreximbank Shareholder Meeting is a major event for African states, with political and business leaders from all over the continent taking part in it.
The Conference will also discuss the development of investment projects in Africa, cooperation in the mining industry and the energy and financial sectors, and the development of railway infrastructure, digital technologies, and cyber security. Other business programme sessions will be dedicated to health, education, and food security.
Russia is actively developing trade and economic relations with African countries; by the end of last year total exports had grown by 18% to USD 17.5 billion, and turnover is to increase threefold in the next three years, including a significant increase in the volume of non-primary exports.
Afreximbank is a supranational financial institution uniting 51 African countries. Its main objectives are the development and promotion of trade between African countries as well as outside the continent. In 2017, the Russian Export Center became Afreximbank’s third largest shareholder among non-African financial institutions and organizations, which significantly accelerated the implementation of investment, trade, and economic relations between Russia and Africa.
The Afreximbank Shareholder Meeting in Moscow is the second offsite event in the history of the Bank. The event will be attended by over 1,500 people and include representatives from government, business, and public organizations in Russia and Africa.
The Conference is an important step on the way to the political Russia—Africa Summit to be held in Sochi in October 2019 under the co-chairmanship of Russian President Vladimir Putin and Egyptian President Abdel Fattah el-Sisi, Chairman of the African Union. This is the first event in the history of Russian—African relations to which the heads of all African states have been invited, as well as the leaders of major sub-regional associations and organizations.