PUTIN WOOS AFRICAN LEADERS AT SHOWCASE SUMMIT, SAYS RUSSIA IS BETTER PARTNER THAN 'COLONIAL' WEST. (PHOTO).

Image
 Putin woos African leaders at showcase summit, says Russia is better partner than 'colonial' West President Vladimir Putin told African leaders ​on Wednesday that Russia was their best partner, accusing what he cast as a colonial West of still trying ‌to exploit the continent's resources and using debt to hold back development, Reuters reported. The Kremlin chief was speaking at the third Russia-Africa Summit in Moscow, a two-day event attended by African leaders and government delegations from 48 countries, during which he will hold one-on-one talks with many of the 22 individual African leaders ​attending on everything from trade to security, arms deals and grain supplies. "Africa is increasingly asserting itself as one of the key players in the global economy and politics. However, the emergence of a multipolar world is, of ​course, no easy task; it faces resistance from countries that are not prepared to accept this reality: those who are accustomed to ​thinking i...

GOOGLE IS SET TO BUY A 12% STAKE,IN A KENYA POWER PROJECT.

                        According to sources,International IT company ''Google'',is set to buy a 12 percent stake in the Lake Turkana Wind Power Project in Kenya,a project which is expected to generate 15% of the nation's energy.Google Energy Lead for Africa,Joe Mucheru said that Africa was a great place to invest and energy is a key demanded for the market.According to Mucheru,Africa is a fast growing economy that needs more renewable resources.Mucheru says the cost of thermal energy,diesel generation is too high especially with the growing economy and he believes it is a good investment for Google because it allows them to be involved in a trans-formative project that will provide roads and lines for Kenya and that it is in line with its existing energy investments into other markets.This is going to be the largest wind investment within Africa and it is hoped it will attract more  investment into the energy sector.Mucheru says it has invested in 22 projects,two of which are in Africa ie,in South Africa,the Jasper 96 MW solar project,which is also one of the largest projects in Africa.One more photo below.                                                                                                       

Comments

Popular posts from this blog

THE NEW OONI OF ILE-IFE,WILL NOT EAT THE HEART OF THE LATE OONI-PALACE CHIEFS.

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

AMBODE,SOYINKA & OTHERS AT THE OFFICIAL LAUNCH OF LAGOS AT 50 YEARS ANNIVERSARY AGAINST 2017.{PHOTOS}.