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Roscongress Foundation and the African Energy Chamber signed a Cooperation Agreement

A cooperation agreement was signed between the Roscongress Foundation and the African Energy Chamber during the Russian Energy Week International Forum. The organizations established partnership relations aimed at implementing joint projects and achieving mutually beneficial goals. The document was signed by Alexander Stuglev, Chairman of the Board and CEO of the Roscongress Foundation, and NJ Ayuk, Executive Chairman of the African Energy Chamber.

"The development of energy cooperation within the framework of international relations is extremely relevant for our country today. The realization of full-fledged interaction in the energy field largely depends on the parties involved. The African Energy Chamber is a reputable institution capable of ensuring quality dialogue when discussing energy issues. The agreement signed at REW will enable the Roscongress Foundation and our African partners to strengthen cooperation in various areas, including the organization of business events and participation in them. I am confident that it has great prospects," said Chairman of the Board and CEO of the Roscongress Foundation.

According to the document, the Roscongress Foundation and the African Energy Chamber will provide mutual consulting, information, and expert support. They will also organize joint congress and exhibition events with a focus on energy, economics, and social orientation. In addition, advertising and information campaigns are planned to promote these specialized events. The organizations will combine their efforts in the field of information cooperation to provide objective and comprehensive coverage of joint events in the Russian and global information spaces and to enhance the positive reputation of both parties.

One area of cooperation will involve promoting existing partnerships and exploring new long-term collaborations between representatives of the business communities of both parties to attract investment in African and Russian energy projects. Additionally, attention will be given to maintaining a dialogue in investment and finance, export-import activities, tourism, and cultural interactions. The cooperation of both parties will also focus on elevating the discussion on the topic of alleviating energy poverty. Furthermore, there are plans to intensify the promotion of organized events aimed at enhancing communication between representatives in the public information field.

"This Memorandum of Understanding is an important step by AEC and Roscongress to promote investment in Africa, promote investment in the African energy sector, events, and fight energy poverty," emphasized NJ Ayuk, Executive Chairman of the African Energy Chamber.

The Russian Energy Week International Forum is a key global platform for discussing current trends in the development of the modern fuel and energy sector. This event is traditionally held at the highest level, featuring the participation of leaders from the largest companies in the energy industry. In 2022, more than 70 events, with the involvement of over 270 speakers, were held as part of REW. The Forum attracted over 3,000 participants and media representatives from Russia, as well as 83 foreign countries and territories. The Forum is organized by the Roscongress Foundation and the Ministry of Energy of the Russian Federation, with the support of the Moscow City Government.

Official website of REW: rusenergyweek.com. For news about the event and the industry, please follow the official REW page on VK.

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“We highly value the results of our joint work at the summit. I am sure the achieved results are creating a good foundation for further deepening the Russia-Africa partnership in the interests of our nations’ prosperity and wellbeing.”

President of the Russian Federation
Vladimir Putin

The Russia–Africa Summit, which is taking place in Sochi on 23–24 October 2019, encapsulates the historically friendly relations between the African continent and the Russian Federation. This Summit carries great significance as it is the first of its kind to emerge during a period of major global and international transformations. In response to the aspirations of the people it is representing, the Summit intends to build a comprehensive framework for expanding Russian–African relations into broader horizons of joint cooperation across different fields.

The African nations and Russia share a common understanding of international relations, based on the principles of respect for the rule of international law, equality, non-interference in the internal affairs of states, and the peaceful resolution of disputes. Both sides affirm their commitment to support multilateral actions to oppose new international threats, be they terrorism and extremism in all their forms, or declining growth rates. The two sides share a firm conviction regarding the importance of developing trade flows and supporting mutual investment in such a way as to ensure security, peace and development for the African and Russian people.

African countries have huge potential and opportunities that will allow them, once efforts to streamline their economies have been achieved, to emerge as real global players. In recent years, the nations of this continent have achieved major successes spanning the political, economic, social and administrative spheres. Africa has flourished in terms of growth over the past decade, reaching a continent-wide growth rate of 3.55% in 2018.

The African Union Summit, which was held in Niger in July 2019, continued the efforts of the African countries and saw the African Continental Free Trade Agreement come into force, along with its operational instruments. The agreement is one of the key objectives of Agenda 2063, an African development strategy that has been created to address the African people’s desire for prosperity and decent living standards.

These successes are opening up wide-ranging prospects for cooperation between African countries and the Russian Federation, and confirm the determination of African governments and their people to cooperate with multiple partners in order to establish mutually beneficial relations.

With this in mind, we express our hopes that the Russia–Africa Summit will help in the establishment of constructive strategic relations, based on partnership between two sides across various fields, and in the service of fulfilling the hopes and aspirations of the African people and their friends in Russia.

President of the Arab Republic of Egypt
Abdelfattah ALSISI