AFRICA MOVING CLOSER TO RUSSIA TO DEVELOP FOSSIL FUELS

There is no doubt that Africa wants and needs to develop plentiful and cheap energy to make their lives better.

A recent African mission to Moscow has been quite productive. The Russian Export Center (REC) has organized several business missions to African countries later in 2025, with the African Energy Chamber(AEC) and Cape Town-based Energy Capital & Power, Africa’s leading energy investment platform, as REC’s main partners.

When AEC Chief Executive, NJ Ayuk, pointed out that only one bank was willing to finance coal industry expansion, REC senior vice president Nikita Gusakov said the Exim Bank of Russia would have “no problem” financing African coal projects. Another Russian group pledged to bring to realization several central African development projects. Read the full article here:

Western Green mandates push Africa toward Moscow – CFACT