Oil, diamonds and nuclear power: Russia eyes Africa business

MOSCOW - While 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 of $10 million to $20 million 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.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Oil prices fall on US stocks increase, just as demand wanesUS crude inventories rose by 10.5-million barrels in the week to October 11, which may be the biggest US inventory increase since February 2017
Source: BDliveSA - 🏆 12. / 63 Read more »

Oil slips amid signs of large increase in US stocksWeaker global economic data an added concern as crude inventories soar
Source: BDliveSA - 🏆 12. / 63 Read more »

Angola hopes key reforms will aid efforts to sell oil assets - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Angola is hoping sweeping economic reforms will smooth an ambitious plan to sell key state assets, including stakes in oil company Sonangol, a share of Puma Energy and more than 100 other enterprises.
Source: SABC News Online - 🏆 32. / 51 Read more »