African countries are becoming increasingly attractive for Russian businesses. This is largely due to the fact that Africa is becoming a global economic growth centre. According to experts, Africa’s GDP will have reached $29 trillion by 2050 — Vladimir Putin, President of the Russian Federation.
Apart from the ever so interesting commodities sector, promising investment opportunities include the energy sector, agriculture processing, urban development, fishery, education and medical services, and infrastructure development — Andrey Kostin, President, Chairman of the Management Board, Member of the Supervisory Council, Member of the Strategy and Corporate Governance Committee, VTB Bank.
A continent that stretches for 30 million square kilometers possesses incredible mineral deposits, up to the 30% of the global wealth. Africa leads in a number of minerals, such as magnesium, chrome, bauxites, gold, platinum, cobalt, and diamonds — Sergey Gorkov, General Director, Chairman of the management Board of Rosgeologia».
Africa remains and will remain a priority for our grain producers. We supply many countries of the continent with wheat. It is known to be a stable and high-quality product — Sergey Yushin, Head of the Executive Committee, National Meat Association.
Africa is among the most promising markets for Russian-made fertilizers. The last three years the consumption volume here is growing 4–5% annually, when the average global growth is at 1.5–2%. Today, Russian companies supply over a ton of produce to Africa, which amounts to 10% of the overall fertilizer consumption on the continent — Andrey Guryev, Chief Executive Officer, Chairman of the Management Board, PhosAgro .