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According to Interfax, quoting Russia's Ministry of Finance Moiseyev, Alrosa will have to sell its stake in Angola's Catoca operation, as pressure from the West on the Angolans mounts to cut ties with Russian, sanctioned entities. According to Moiseyev negotiations to take over Alrosa's share, which originally stood at 41% of the mining operation, are ongoing with "friendly investors".
Despite consistent assurances made by high-ranking Russian officials that Africa is "in the mainstream of Russia's foreign policy" have not been substantiated by systematic noticeable completed projects, and worse serious lack of financial support for bilateral agreements, and this has necessitated the pulling out of a number of Russian companies from Africa.
ABO Capital Launches Amity Training Center in Angola to Build Local ...
Luanda, May 2 (Prensa Latina) The 7th edition of Angola’s International Tourism Exchange (BITUR) started on Thursday in the city of Lubango, Huila province, attending the event travel agencies, entrepreneurs and other actors linked to the sector.