November 20, 2019, 0:09

Russian Investors Welcomed to Pitch In to Address Africa’s $2.1Trln Needs – Afreximbank

Russian Investors Welcomed to Pitch In to Address Africa’s $2.1Trln Needs – Afreximbank

Russian Investors Welcomed to Pitch In to Address Africa’s $2.1Trln Needs – Afreximbank
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Sputnik / Alexander AstafyevBusiness16:15 23.10.2019Get short URL5110Subscribe

SOCHI (Sputnik) – Russia is a “strong partner” who is welcomed to invest in Africa and help cover the continent’s needs totalling $2.1 trillion, the president of African Export-Import Bank (Afreximbank), Benedict O. Oramah, stated.

African Export-Import Bank (Afreximbank) could finance agreements on railways that African countries are signing with Russian companies, the bank’s president, Benedict O. Oramah, noted.

The bank’s president stated earlier in the day that Afreximbank expected to sign about 19 deals at the forum, worth somewhere between $4 billion and $5 billion. At the same time, the total worth of deals signed at the forum could be three times more than that, he said.

The Russia-Africa summit and business forum, co-chaired by the presidents of Russia and Egypt, kicked off earlier in the day. Over 40 African nations are represented by heads of state or government at the summit, while 11 others have sent their vice presidents, foreign ministers or ambassadors.

The Rossiya Segodnya International Information Agency is an official media partner of the event.

Sourse: sputniknews.com

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