Entitles, “On the road to second Russia- Africa Summit”, representatives of the Chamber of Commerce and Industry of the Russian Federation, AFROCOM (the Coordinating Committee for Economic Cooperation with African Countries), and directors of several Russian companies have presented business areas of cooperation African countries can consider. In addition, Russian companies have also expressed their interest to work with African countries in areas of digital transformation that can bring significant change in tax collection and education systems of African governments. The energy sector, which includes development of nuclear energy for developmental purposes, and space technology are also mentioned as areas of cooperation between African countries and Russia. The payment system will allow the countries to own the payment system, according to Mr. Igor Morozov. Extensive banking system, leasing companies, private equity fund, and insurances businesses are the institutions for expanding mutually beneficiary partnership between Russia and African countries, according to Mr. Igor Morozov.

Source: News Business Ethiopia July 12, 2023 20:22 UTC