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AfricaEconomyWorld

Russia increases its fertilizer supply to Asia and Africa

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Exports of agrochemical products to India jumped five-fold in 2022, official data has shown. Exclusive News Russian fertilizer company PhosAgro reported this week a significant exports increase to emerging markets in Asia and Africa, in the face of external restrictions, according to RT News.  PhosAgro said its exports of agrochemical products to India saw a five-fold increase in…
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BusinessEconomyWorld

Crypto is a necessary evil-Russia

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Moscow could permit some digital coins despite the apparent risks, the Finance Ministry says Exclusive News Russia’s Finance Ministry has warned about the dangers of investing in cryptocurrencies, although it acknowledged that digital assets could be useful in certain situations, according to RT News. Deputy Finance Minister Aleksey Moiseev described cryptocurrencies as “an…
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AfricaEconomy

Russian diesel into Spain via Moroco

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The North African country has boosted imports of the fuel, which has been shunned by the West Exclusive News Morocco is purchasing Russian diesel and other refined products at discounted prices and re-exporting the fuel to Spain, El Mundo reported on Friday, citing ship tracking sources. Data from navigation tracking portal Vesselfinder showed that, on April 28, at least three tankers…
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AfricaEconomy

Nigerian major gas pipeline nears completion

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The project is 70% finished and has been financed without foreign investment, according to its developer Exclusive News The Nigerian National Petroleum Company (NNPC) announced this week that its flagship Ajaokuta-Kaduna-Kano gas pipeline project is almost complete. The $2.8 billion project, which aims to greatly enhance Nigeria’s energy security, is set to transport natural gas…
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EconomyWorld

Five years less for US dollar dominance

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Sanctioned businessman Oleg Deripaska says the greenback has been used as weapon of retribution for way too long Exclusive News The US dollar has only five years left as the principal currency for the global economy, according to Russian billionaire Oleg Deripaska. He claims the greenback’s superiority has for way too long been used as a weapon of vengeance against all…
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AfricaEconomy

Zimbabwe expects bumper harvest.

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Zimbabwe’s GDP could grow 6% this year, its finance minister has said Exclusive News Economic growth in Zimbabwe could surpass expectations this year, a government official announced on Friday, adding that the country expects a bumper maize harvest, according to RT News. The economy could grow 6%, higher than a previous forecast of 3.8%, due to a strong performance by the…
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AfricaEconomyWorld

Free fertilizer to Africa, Russian move to strengthen ties with African states

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The humanitarian cargo will be supplied in spite of the Western sanctions targeting the country’s agricultural exports Exclusive News Moscow is preparing two batches of fertilizers to be shipped to Kenya and Nigeria free of charge, Russian Deputy Foreign Minister Sergey Vershinin has revealed. The announcement comes amid uncertainty over the prospects for an extension of the Black Sea…
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