Global Insider: Russia’s Stake in Africa

In late May, Russia announced that it would invest $1 billion in uranium exploration in Namibia. In an e-mail interview, Raksha Maharaj, a director at South Africa-based Emerging Market Focus, explains Russia’s renewed interest in Africa. WPR: What is the extent and nature of Russia’s current economic involvement in Africa? Raksha Maharaj: In recent years, Russia’s sphere of influence in Africa has been largely diluted by the increasing activities of countries like China and India, as well as the continued involvement of Western countries. Russia’s trade with Africa has grown an estimated 14.9 percent since 1992, and amounted to $8 […]