Economy & Business

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Russia to help Nigeria resuscitate steel sector – official

Russia to help Nigeria resuscitate steel sector – official

Russia and Nigeria plan to cooperate in developing the mining sector, Permanent...

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Russian stock market hits 17-month high

Russian stock market hits 17-month high

The ruble-based MOEX index has topped 3,000 points, its highest level since before...

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IMF warns of sharp increase in grain prices

IMF warns of sharp increase in grain prices

Global grain prices could jump by up to 15% after Russia quit the Black Sea grain...

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Russia wants to ditch dollar in trade with African countries

Russia wants to ditch dollar in trade with African countries

Alternative payment mechanisms in mutual trade will be discussed at the Russia-Africa...

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Putin names ‘root cause’ of global food and energy crisis

Putin names ‘root cause’ of global food and energy crisis

Policy mistakes made by the West since the Covid pandemic are the cause of the current...

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Zambia looks to Russia for industrial strength – MP

Zambia looks to Russia for industrial strength – MP

Zambia is looking to Russia for help in achieving technological sovereignty and...

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Moscow has forgiven $23 billion in African debt – Putin

Moscow has forgiven $23 billion in African debt – Putin

Russian President Vladimir Putin says African nations have had billions of dollars...

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Russia boosting grain supplies to Africa despite ‘illegal’ sanctions – Putin

Russia boosting grain supplies to Africa despite ‘illegal’...

Russia will continue supplying grain to African nations despite Western sanctions,...

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World Bank sends $1.5 billion to Ukraine

World Bank sends $1.5 billion to Ukraine

Ukraine has received $1.5 billion in aid from the World Bank, the country’s Finance...

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Settlements using national currencies would boost Russia-Africa trade – Putin

Settlements using national currencies would boost Russia-Africa...

A transition to national currencies in settling accounts would further boost economic...

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BRICS payment system will replace SWIFT in new ‘non-Western world’ – AFROCOM head

BRICS payment system will replace SWIFT in new ‘non-Western...

The future BRICS payment system will replace SWIFT in a new “non-Western world,”...

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EU state seizing companies from Russian businesspeople

EU state seizing companies from Russian businesspeople

Poland has appointed temporary governance for two firms with Russian connections,...

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Putin proposes alternative cargo route to Africa     

Putin proposes alternative cargo route to Africa    

The International North-South Transport Corridor could provide Russian goods with...

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ECB hikes interest rates to multi-year highs

ECB hikes interest rates to multi-year highs

The European Central Bank has continued raising interest rates despite concerns...

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Putin urges launch of Russian industrial zone near Suez Canal

Putin urges launch of Russian industrial zone near Suez...

A Russian industrial zone near Egypt’s Suez Canal should be operational in the near...

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Africa capitalizing on Western exit from Russia – official

Africa capitalizing on Western exit from Russia – official

Africa’s share in Russia’s foreign trade rose to 3.7% in the first half of 2023,...