Roscongress Foundation published analytical reports on the Russia–Africa Economic Forum
The ROSCONGRESS.ORG Information and Analytical System published a special issue of
the Roscongress Insider dedicated to the outcomes of the Russia–Africa Summit
and Economic Forum. This report was prepared by experts from the Roscongress
Foundation and the Institute for African Studies of the Russian Academy of
Sciences together with TASS Russian News Agency.
The study emphasizes that the first ever Russia–Africa Summit and
Economic Forum that took place on 23–24 October 2019 in Sochi became historic
events both for Russia and the African continent.
“The Summit laid the foundation for developing and strengthening the
cooperation with African countries in trade, economic, cultural and social
spheres. Implementing the plans proposed during the event takes teamwork and
continuous cooperation among all the stakeholders. In order to maintain this dialogue, we plan
to make the Russian-African cooperation agenda part of all the key events,
including the business programme of the St. Petersburg International and
Eastern Economic Forums,” noted Anton Kobyakov, Adviser to the President of the
Russian Federation.
The Roscongress Insider report provides a detailed description of the
competencies Russia can share with its African partners. According to the
study, they include the expansion of Russian financial institutions in the
countries that plan for or already implement Russian investment projects;
developing raw materials processing in African countries (through joint
ventures alongside other options); increasing exports of agricultural produce,
machinery and fertilizers; starting up energy-related projects; upgrading transport infrastructure, and
fighting crime. The study puts a special emphasis on the social cooperation,
especially in health care and education. These are the areas with the most
history and experience.
“Endeavours of the African Agenda 2063 are consistent with our goals, while the framework programmes under the African Union open up opportunities for Russia’s participation in their implementation. However, that would require a clear mechanism for our economic cooperation, and primarily forms of financial cooperation between Russian and African private and government-owned companies,” noted Irina Abramova, Director of the Institute for African Studies of the Russian Academy of Sciences (RAS), Member of the Presidium of the RAS, Corresponding Member of the RAS, Doctor of Economics, Professor.
