In Afreximbank said about the importance of cooperation between Russia and Africa

© Photo : provided by Afreximbank Vice-President of Afreximbank George Lombi. Archive photoIn Afreximbank said about the importance of cooperation between Russia and Africa© Photo : provided by Afreximbank

The development of cooperation between Russia and Africa will help the continent to open up new markets in Eastern Europe and Central Asia, said in an interview with RIA Novosti, Executive Vice President African export-import Bank (Afreximbank) George Lombi.

He noted that in its five-year strategy, designed for the years 2017-2021, Afreximbank is focusing on trade cooperation with the BRICS countries. «Russia, with its diversified economy and export-oriented industrial and manufacturing sectors opens up to African countries huge opportunities beyond traditional markets, particularly OECD countries,» said Lombi.

«Promotion of economic and trade relations with Russia will open up African economies are large markets not only in Russia but also in Eastern Europe and Central Asia — the two regions where Russia plays the role of a leader,» — said the Agency interlocutor.

According to a top Manager, the experience of Russia in industry and export development could be useful for all countries in Africa.

Afreximbank founded in 1993 in Abuja (Nigeria). Authorized capital — $ 5 billion. The Bank’s main objectives are the development and promotion of trade between African countries and outside the continent. The headquarters is located in Cairo, there are also regional offices in côte d’ivoire, Nigeria, Kenya and Zimbabwe. December 2017 Russia in the face of Russian export centre is a shareholder of Afreximbank.

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