AfricaWorld

Africa to assemble Russian cars

Image source: Twitter

Ethiopia is keen on deepening economic cooperation with Moscow, officials have said

Exclusive News

Russian automakers are considering setting up an assembly plant in Ethiopia, according to Moscow’s Ambassador to Addis Ababa, Evgeny Terekhin, as reported by RT News.

He told the Izvestia business newspaper this week that such a possibility is currently being discussed.

The envoy highlighted that trade between Russia and African nations has been growing, with combined turnover reaching $18 billion in 2022.

African countries sell fruits, vegetables, tea, coffee, flowers, and precious woods to Russia, Terekhin explained.

“The lion’s share of Russian imports from Ethiopia is coffee, while more than half of Russia’s exports to the country in 2022 were wheat. In addition, Russia exports oil products and paper products to Ethiopia,” the diplomat noted.

Last week, Russian State Duma Chairman Vyacheslav Volodin held a meeting with Ethiopian House of Federation Speaker Agegnehu Teshager, where the two sides discussed economic cooperation.

“Ethiopia is an important Russian partner in Africa. We have always conducted such dialogue with Ethiopia, and have maintained relations for more than 125 years,” Volodin said.

READ MORE: Russia’s biggest automaker mulls exports to Africa – deputy PM

The Duma chairman added that Russian companies are interested in long-term cooperation with Ethiopian partners in areas such as mining, energy, transport, construction, and agriculture.

According to Teshager, relations with Russia are strong but should be developed even further, especially in the fields of trade and investment.

“We want Russia to be our main trade destination,” the official stressed.

Read more

Related posts
AfricaPolitics

Kenyan police use tear gas on protesters marching against femicide

Kenyan police used tear gas to disperse demonstrators protesting against rising cases of femicide in…
Read more
AfricaPolitics

South Sudanese leader fires top officials after shooting

South Sudanese President Salva Kiir has taken decisive action by firing several top officials in…
Read more
AfricaHistoryLifestyle

Zimbabwe wants to build its first spaceport with Russia’s help

Zimbabwe is taking ambitious steps toward joining the global space race by planning its first-ever…
Read more

Sign up for Africa Insider’s Daily Digest and get the best of  news, tailored for you.

Leave a Reply

Your email address will not be published. Required fields are marked *