Russia Beyond the Headlines: Continent of Opportunity - Can Russia Compete with China in Africa?

Russia is stepping up cooperation with African countries, although Chinese companies are already actively operating on the continent. Russian and Chinese players will have to compete in all the key industries: mining, power generation, and oil and gas.

Russia will be increasing its cooperation with African countries, Deputy Industry and Trade Minister Georgy Kalamanov has said at the Russian-African business forum held on the sidelines of the Innoprom-2015 international industrial exhibition in Yekaterinburg.

“Trade with African countries is steadily on the rise. In 2014, it grew by 17 percent, to reach $12.5 billion,” said Kalamanov. Yet, he continued, “there is still a huge potential for increasing cooperation.”

For their part, delegates from Africa said that so far cooperation with Russia was local in nature, while the main interest in the continent came from China.

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