10 °c
London
Friday, April 16, 2021
No Result
View All Result
FurtherAsia FurtherArabia FurtherBrazil FurtherRussia
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

Russia signs MoU with SADC

FurtherAfrica by FurtherAfrica
October 26, 2018
in Africa, Commodities, Development, Diplomacy, Economy, Finance, Gas, Government, Oil
Reading Time: 4 mins read
0
Russia’s VTB says in talks to prolong Angola’s $1.5 billion loan to 10 years
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

Southern African Development Community and the Russian Federation have signed a new Memorandum of Understanding

 

Southern African Development Community (SADC) and the Russian Federation have signed a new Memorandum of Understanding (MoU) that envisages strengthening ties in a broad range of fields and shows that SADC remains as one of Russia‘s key partners in Africa.

Russian Foreign Minister Sergey Lavrov and Executive Secretary of the Southern African Development Community (SADC) Stergomena Lawrence Tax signed for the Russian Federation and SADC respectively.

“Our meeting symbolizes a new stage in the relations between Russia and the SADC. The previous document on cooperation was signed in 2003, and in the last fifteen years, our cooperation has reached a qualitatively new level,” Lavrov said.

“Africa is an important partner for Russia, a participant in the emerging and sustainable polycentric architecture of the world order. Our relations with the states of that continent are valuable in their own right and should not be subject to the fluctuations on the international arena,” Lavrov also said earlier at the Russia-Africa civil/public gathering.

“We are aware that our African friends hold the same views. Relying on the accumulated experience of productive cooperation, Russian diplomats seek to pursue a consistent policy for deepening the range of Russia-Africa relations,” he added.

Lavrov has considered it absolutely necessary to maximize the potential of public, cultural and business diplomacy in the interests of strengthening and expanding the mutually beneficial ties between Russia and African states while invariably adhering to the African solutions to African problems principle formulated by the Africans themselves.

The Minister further informed that a parliamentary and a business forum would be held in the near future which will further help expand economic cooperation with Africa.

In turn, the SADC Executive Secretary Stergomena Lawrence Tax stated that “Russia and Africa have been partners for many years, and expressed a desire to achieve a new level in their relations.”

She also observed that Russia, a few years ago, it has not been that visible in the region as compared to China, India or Brazil. But, it is encouraging that, of recent years, Russia has repositioned itself to be a major partner with Southern Africa.

She, however, expressed gratitude that Russia has launched a plan aimed at improving direct trade with the continent/region beyond the traditional sectors like mining, seeking to invest in areas like agriculture, industrial production, high technology, and transport.

Russian Federation‘s priorities are also in line with SADC priorities as evidenced by the priorities of the Foreign Economic Strategy in the region as indicated below:

Prospecting, mining, oil, construction, and mining, purchasing gas, oil, uranium, and bauxite assets (Angola, Namibia and South Africa);

Construction of power facilities—hydroelectric power plants on the River Congo (Angola, Namibia, and Zambia,) and nuclear power plants (South Africa);

Creating a floating nuclear power plant, and South African participation in the international project to build a nuclear enrichment center in Russia;

Railway Construction (Angola);

Creation of Russian trade houses for the promotion and maintenance of Russian engineering products (South Africa).

Participation of Russian companies in the privatization of industrial assets, including those created with technical assistance from the former Soviet Union (Angola).

In the Russian Federation, ten SADC member countries have their diplomatic offices namely: Angola, Democratic Republic of Congo, Madagascar, Mauritius, Mozambique, Namibia, South Africa, Tanzania, Zambia, and Zimbabwe.

The Southern African region is the integrated market resulting from a combined population of approximately 327 million people, and a collective GDP of US$ 600 billion (2016), which is supported by generally favorable weather conditions in most parts of the region.

The Southern African Development Community, an inter-governmental organization headquartered in Gaborone in Botswana, has made its goal to further socio-economic cooperation and integration as well as political and security cooperation among 16 Southern African states. 

Source: The Exchange

Related

Tags: africaconsistent policyeconomic cooperationExecutive Secretary of the Southern African Development Communityhydroelectric power plantsmajor partnermemorandum of understandingMiningMOUparliamentaryqualitativelyRiver CongoRussiaRussian FederationRussian Foreign MinisterRussia‘s key partnerssadcSergey LavrovSouthern African countriesSouthern African Development CommunityStergomena Lawrencetraditional sectorsweather conditionsафрикаأفريقياアフリカ非洲
ScanSendShare320Tweet200Share56Pin72Send
Previous Post

Flowgroup presents talent platform for Mozambicans with International Exposure

Next Post

Lafarge tightens its grip on Kenya’s construction market

FurtherAfrica

FurtherAfrica

Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

Related Posts

Water

Zimbabwe to export water to South Africa

by Staff
April 16, 2021
Conference Access to Africa coming to Dakar, Senegal
Conference

Conference Access to Africa coming to Dakar, Senegal

by FurtherAfrica
April 16, 2021
Soon, Africa’s largest utility will not own any power lines
Energy

Tanzania rural electrification project continues to make progress

by Staff
April 16, 2021
Economy

Mozambique: ‘Valuation of the metical only useful if reflected on the economy’

by FurtherAfrica
April 16, 2021
East Africa Oil Pipeline construction date still unknown
Pipeline

East Africa Oil Pipeline construction date still unknown

by Taarifa Rwanda
April 16, 2021
Next Post
Dangote Returns To Zimbabwe

Lafarge tightens its grip on Kenya’s construction market

Only 10 out of 2000 Tanzanian companies pay mining taxes

Angola: VAT Software to be validated by AGT

Sharp Fall in Mozambican Imports

Mozambique: Grindrod’s collaboration pays off in Maputo

Leave a Reply Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

2021 AFSIC
2022 Indaba Mining

FurtherAfrica Partners

The Exchange Club of Mozambique Taarifa Rwanda
CrudeMix Africa TechGist Africa Farmers Review Africa
Botswana unplugged Financial Insights Zambia Africa Oil & Power
Harambee Africa Novafrica  

Subscribe to FurtherAfrica

Enter your email address to receive notifications of new articles on your email.

Join 73,051 other subscribers.

FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About

© 2021 FurtherMarkets

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?