Russia eyes Africa with a view to expanding its businesses

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Oil, diamonds, nuclear power — Russia sees Africa as the next big thing, and plans to discuss this at the Russia-Africa Summit

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Rosatom is seeking to build power plants in other African countries, including SA. Picture: BLOOMBERG/ANDREY RUDAKOVWhile Russia has traditionally focused on arms and grain exports to Africa, it is now looking to broaden its activities and influence.

Russian-built nuclear power stations have a price advantage over Western competitors and its nuclear agency Rosatom offers, attractive financing deals to customer countries. The cost per plant could be prohibitive, but Rosatom says countries, including Rwanda, are showing “great interest” in smaller-capacity, less expensive nuclear power stations.Rich in mineral resources, Russia has significant expertise in extraction that could be deployed in other countries.

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