Public Management

Zimbabwe signs deals with Russia ahead of Africa-Russia summit

Zimbabwe signs deals with Russia ahead of Africa-Russia summit
Wednesday, 21 August 2019 16:40

Zimbabwe and Russia have signed multi-billion dollar cooperation agreements, the Zimbabwean information minister, Monica Mutsvangwa (pictured), said on August 20.
New deals concern key sectors such as energy, mining, tourism, health, agriculture, and media. Six of the agreements target the mutual protection of classified information, cooperation in the field of geological exploration and mineral resource management; cooperation in platinum group metals, cooperation in the field of diamond exploration and mining and cooperation in the field of energy.
A number of Russian companies will also supply civilian passenger and training aircraft, KAMAZ trucks of different ranges, rail freight wagons, agricultural and power engineering equipment and waste-to-energy plants to the African country.
While the programs seek to lift Zimbabwe out of the current economic crisis, they come at a time Russia plans to reinforce its footprint in Africa to withstand competition from China and the USA.
“A number of agreements were discussed and they were concluded, but they have been reserved for signature in October at the upcoming Africa-Russia summit in Russia,” said Sibusiso Moyo, the Zimbabwean Foreign Affairs Minister.
Moutiou Adjibi Nourou

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
• Market capitalisation reached $5.73 billion by June 2025, up from $4.0 billion in January.• Two new listings — Banque de Développement Local...
• Kasada obtains €15 million (around $17.4 million) loan from Africa Go Green fund.• Funds will support construction of a sustainable hotel in...
• Ecobank is selling its Mozambique unit to FDH Bank as part of a strategic shift.• The sale will be fully funded by FDH Bank’s own capital, pending...
• New system will link banks, fintechs, and mobile operators in a single platform• Real-time transfers and payments to be available 24/7 across all...
Most Read
01

• Ivory Coast is said to be negotiating a €800M syndicated loan with Standard Chartered and Soc...

Ivory Coast Said in Talks for €800 Million Syndicated Loan to Refinance Debt
02

Located on the southeastern coast of Zanzibar, Jambiani is a coastal village that captivates visitor...

Jambiani: A Fishing Village in a Paradise Setting
03

• New system will link banks, fintechs, and mobile operators in a single platform• Real-time transfe...

BCEAO to Roll Out New Platform for 24/7 Instant Transfers in West Africa
04

• US reduced initial April rates (up to 50%) to 10-30% in August for some African nations, exempting...

Trump New Trade Tariffs Adjustment Affects African Countries Diversely
05

MTN Uganda, MTN Mobile Money and the Uganda Hotel Owners Association signed an MoU on 1 August 202...

MTN Group On A MoU To Accelerate Hospitality Services Digitization in Uganda
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.