Pulse Ghana quotes Africa Center Director J. Peter Pham on Russia’s increasing trade relationship with Africa:

Evidently, in recent years, Russia’s unusual relationship with Africa has only kept on strengthening it even new heights as neo-Russian investments across the continent continue to grow at an astounding rate.

According to the Atlantic Center’s Africa Center Director J. Peter Pham, between 2000 and 2012, Russia’s trade with Africa increased ten times over. Russia has invested heavily in raw resource megaprojects, signing a $4 billion deal with Uganda in February to build and operate a crude oil refinery and using old Soviet connections, Uganda and Russia sealed a $3 billionenergy deal in March 2015, some of the few moves by Russia in Africa.

Read the full article here.

Related Experts: J. Peter Pham