Africa : Russia's Quiet Rise in Africa

Discussion in 'All Things Africa' started by Clyde C Coger Jr, Dec 15, 2015.

  1. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    Nov 17, 2006
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    In the Spirit of Sankofa (Alke-bu-lan),

    Russia's Quiet Rise in Africa

    A flurry of flashes and clicks erupted from the pool of press photographers while whispers of a new Cold War flooded the hallway outside. It was the 2007 Munich Security Conference, and after years of trying to court the West, Russian President Vladimir Putin had finally had enough. “We are seeing a greater and greater disdain for the basic principles of international law,” he said, in a speech that would become a defining moment of his presidency. “The United States has overstepped its national borders in every way.”

    ... While growing at a rapid pace today, Russia’s total investment in Africa still lags far behind competitors such as India. China, for one, started courting businesses in Africa a decade before Russia, and has a secret weapon for investing in high-risk places where corruption and political instability are widespread: policy banks ...

    Sick of playing second fiddle to the West, Russia is bolstering its businesses by turning to African countries.