RTGlobalResources Angola office
RT-Global Resources, a subsidiary of Russia’s largest state-backed corporation Rostec (, has signaled Russia’s commitment to aggressively entering the financial, natural resources and infrastructure sectors in Africa. RT-Global Resources has established an office in a prestigious neighbourhood in Angola’s capital Luanda which it intends to use as a central hub […]

Russia’s RT-Global Resources establishes Africa operations hub in Angola

Russian Flag
A consortium of Russian companies are set to win a lucrative government contract for the construction of an oil refinery in western Uganda. The consortium, which consists of RT Global Resources (a subsidiary of Rostec), VTB Capital, Tatneft and SK Group, was shortlisted for the construction of the Kabaale refinery, which […]

Russians on Uganda refinery project shortlist

VTB Capital
ANGOLA is to receive a US $1.5 billion loan from a Russian bank, according to an report citing Angolan press reports and Portugal’s Económico. The local government agreed to the loan from VTB Capital, the investment arm of Russian’s second largest bank VTB Group, for a series of public investments […]

Russian bank lends US $1.5 billion to Angola

President Barack Obama announced at the U.S – Africa Business Forum this week that US companies will invest $14bn (£8.3bn) in Africa; concentrating on areas such as energy, banking and infrastructure. The first US-Africa Leaders’ Summit, attended by over 40 African heads of state, was a chance for the US […]

U.S. Companies to Invest $14bn in Africa