For more than two decades, Russia has been trying to regain its Soviet-era economic influence in Africa, but such efforts have regularly hit stumbling blocks. Policy experts and Russian authorities attribute this to inadequate knowledge of investment and economic possibilities on the continent. “As before, we cannot deny that Russian business structures have insufficient knowledge … Read more
For more than two decades, Russia has been struggling to regain its Soviet-era economic influence, but such efforts have hit stumbling blocks which policy experts and Russian authorities themselves admittedly attributed to inadequate knowledge of investment and economic possibilities in Africa. Quite recently, Keir Giles, an associate fellow (on the Russia and Eurasia Program) at … Read more
Lack of credit support and investment guarantees from the Russian government and financial institutions have been cited as the major impediments for Russian companies willing to invest in the African continent. These setbacks have culminated in the world’s biggest country by size lagging behind such economic powerhouses as the United States and China in expanding … Read more