AngolaMaking the news

West turns to Africa for natural resources amid Ukraine crisis– Angolan Ambassador

1 Mins read

West turns to Africa for natural resources amid Ukraine crisis – Angolan Ambassador

Angolan Ambassador to Moscow, Augusto da Silva Cunha on Tuesday said Western countries have turned toward the African resources as a result of Ukraine conflict.

Augusto said the west have aspired to develop economic cooperation with the region.

“I must mention the situation resulting from the conflict between Russia and Ukraine.

“Western countries nowadays literally run to Africa, including Angola, in order to develop economic cooperation with the region.

“We both know that there are a lot of natural resources in Africa,” the ambassador said.

Angola and other African countries are frequently invited to participate in various forums, such as U.S.-Africa Business Forum, Africa-France Summit, Forum on China-Africa Cooperation and so on, da Silva Cunha noted.

“This demonstrates that the resources for further survival are in Africa,’’ the ambassador added.

Angola has one of the largest gas reserves in Africa after Nigeria and Mozambique.

The country’s gas reserves amount to 308 billion cubic meters. The country also has significant oil reserves of about 7 billion barrels.

Russian Ambassador to Angola Vladimir Tararov said in May 2022 that Angola was yet unable to substitute Russian gas supplies to Europe due to lack of necessary infrastructure, in spite of the initiatives of European diplomats.

Western countries rolled out comprehensive sanctions campaign against Russia after it launched a military operation in Ukraine on February 24, with the European Union pledging to end its dependence on Russian energy supplies

Traffic flows past the area where an iconic, century-old fig tree is placed after a presidential declaration was issued to save the centenary tree from being cut down.

See also  Outlook for the Nigerian real estate industry in 2023

This was to make way for a Chinese-funded highway in Westlands district of Nairobi, Kenya on November 12, 2020.

Source: naturenews.africa

Related posts
GhanaHeadlineKenyaMaking the newsSurveillance Africa

Ghana and Kenya Deepen Relations with Binational Commission and Multiple MoU Signings

2 Mins read
Ghana and Kenya Deepen Relations with Binational Commission and Multiple MoU Signings The Republics of Ghana and Kenya have stepped up diplomatic and economic…
EconomyMaking the newsMatters ArisingNigeriaSurveillance Africa

Nigerian Lawmaker Warns that Raid on Tycoon Dangote Will Have Consequences on The Economy

2 Mins read
Nigerian Lawmaker Says Raid on Tycoon Dangote Will Hurt Economy A raid by Nigerian anti-graft officials on the offices of Dangote Industries…
Making the newsMatters ArisingNigeria

Probe Uncovers 593 Foreign Accounts Linked to Ex-Nigeria Central Banker

1 Mins read
An investigation of Nigeria’s jailed former central bank Governor Godwin Emefiele has discovered hundreds of unauthorized overseas bank accounts, according to portions…

Leave a Reply

Your email address will not be published. Required fields are marked *