{"id":463597,"date":"2018-11-30T09:52:17","date_gmt":"2018-11-30T09:52:17","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=463597"},"modified":"2018-11-30T09:52:17","modified_gmt":"2018-11-30T09:52:17","slug":"afreximbank-targets-railway-development-in-mou-with-russian-railways-and-russian-export-center","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/11\/30\/afreximbank-targets-railway-development-in-mou-with-russian-railways-and-russian-export-center\/","title":{"rendered":"Afreximbank Targets Railway Development in MoU with Russian Railways and Russian Export Center"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p style=\"font-weight: 400;\">The African Export-Import Bank (Afreximbank) yesterday in Moscow signed a memorandum of understanding (MoU) with Russian Railways and\u00a0the Russian Export Center\u00a0(REC), agreeing to cooperate in implementing export and investment projects in the railway sector in Africa.<\/p>\n<p style=\"font-weight: 400;\">Under the terms of the MoU, the parties will cooperate by undertaking mutual consultations on export and investment projects in the railway sector abroad and by jointly developing project financing schemes in the sector.<\/p>\n<p style=\"font-weight: 400;\">Prof. Benedict Oramah. President of Afreximbank, signed the document on behalf of the Bank while\u00a0Oleg Belozyorov, Director General of Russian Railways, and Andrey Slepnev, Director General of REC,signed for their respective organisations.<\/p>\n<p style=\"font-weight: 400;\">Speaking after the signing, Prof. Oramah cited the huge demand for infrastructure in Africa and said that the continent needed investments of $20 billion per annum in the rail sector in order to bring it up to required level.<\/p>\n<p style=\"font-weight: 400;\">He said that Afreximbank\u2019s role as to find partners that would help it to deliver the necessary investment in Africa. The signing of the MoU would enable Russia to begin to participate in the opportunities that existed in Africa, he added.<\/p>\n<p style=\"font-weight: 400;\">Mr. Slepnev described the signing of the MoU a demonstration of practical collaboration among the institutions and expressed confidence that it would bear fruit.<\/p>\n<p style=\"font-weight: 400;\">Russian Railways is reputed for developing and advancing technologies and techniques for effectively managing railway systems.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The African Export-Import Bank (Afreximbank) yesterday in Moscow signed a memorandum of understanding (MoU) with Russian Railways and\u00a0the Russian Export Center\u00a0(REC), agreeing to cooperate in implementing export and investment projects in the railway sector in Africa. Under the terms of the MoU, the parties will cooperate by undertaking mutual consultations on export and investment projects<\/p>\n","protected":false},"author":527180,"featured_media":463599,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12000,12065],"tags":[2360],"class_list":{"0":"post-463597","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-banks-insurance","8":"category-press-releases","9":"tag-afreximbank","10":"post_format-post-format-aside","11":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Afreximbank Targets Railway Development in MoU with Russian Railways and Russian Export Center - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.financialafrik.com\/en\/2018\/11\/30\/afreximbank-targets-railway-development-in-mou-with-russian-railways-and-russian-export-center\/\" \/>\n<meta property=\"og:site_name\" content=\"Financial Afrik\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/FinancialAfrik\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/pages\/Financial-Afrik\/150840631757446?fref=ts\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-30T09:52:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.financialafrik.com\/en\/wp-content\/uploads\/2018\/11\/image005.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"413\" \/>\n\t<meta property=\"og:image:height\" content=\"310\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Editor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:site\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/11\\\/30\\\/afreximbank-targets-railway-development-in-mou-with-russian-railways-and-russian-export-center\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/11\\\/30\\\/afreximbank-targets-railway-development-in-mou-with-russian-railways-and-russian-export-center\\\/\"},\"author\":{\"name\":\"Editor\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#\\\/schema\\\/person\\\/80f802fd6db958ac83d55076c6c93692\"},\"headline\":\"Afreximbank Targets Railway Development in MoU with Russian Railways and Russian Export Center\",\"datePublished\":\"2018-11-30T09:52:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/11\\\/30\\\/afreximbank-targets-railway-development-in-mou-with-russian-railways-and-russian-export-center\\\/\"},\"wordCount\":239,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/11\\\/30\\\/afreximbank-targets-railway-development-in-mou-with-russian-railways-and-russian-export-center\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2018\\\/11\\\/image005.jpg\",\"keywords\":[\"Afreximbank\"],\"articleSection\":[\"Banks &amp; Insurance\",\"Press releases\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/11\\\/30\\\/afreximbank-targets-railway-development-in-mou-with-russian-railways-and-russian-export-center\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/11\\\/30\\\/afreximbank-targets-railway-development-in-mou-with-russian-railways-and-russian-export-center\\\/\",\"url\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/11\\\/30\\\/afreximbank-targets-railway-development-in-mou-with-russian-railways-and-russian-export-center\\\/\",\"name\":\"Afreximbank Targets Railway Development in MoU with Russian Railways and Russian Export Center - Financial Afrik\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/11\\\/30\\\/afreximbank-targets-railway-development-in-mou-with-russian-railways-and-russian-export-center\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/11\\\/30\\\/afreximbank-targets-railway-development-in-mou-with-russian-railways-and-russian-export-center\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2018\\\/11\\\/image005.jpg\",\"datePublished\":\"2018-11-30T09:52:17+00:00\",\"description\":\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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