It’s the resources, stupid
RUSSIAN CORPORATIONS, PARTICULARLY mining firms with strong state connections and deep pockets, are pushing hard into Africa after years of under-investment in the continent. Their impetus results from two forces. The first is economic rationale – such companies wish to transform themselves into global commodities operations, with mines and distribution networks on every continent. Africa, a continent rich in resources but in desperate need of jobs, wealth and reliable investors, is the first step on that long road.
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