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Russia is jostling the United States and China for a piece of Africa and political influence in the resource-rich continent.

To make the most out of these relationships, Africa and Russia must harness their immense resources to foster a greater economic future for their people.

The Chairman of the Government of the Russian Federation, Dimitri Medvedev, says that Africa and Russia account for half the world’s resources.

Medvedev was speaking during the Annual General Meeting of Shareholders of the African Export-Import Bank (Afreximbank) held as part of the Bank’s 2019 Annual Meetings in Moscow.

Russia joint projects with African countries

He noted that although Russia’s presence in Africa had weakened in the 1990s, the country has since then done a great deal of groundwork on joint projects in geology and mining, energy, industry, agriculture, fishing and telecommunications.

“We are promoting humanitarian ties, both as part of international assistance to …