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Rabu, 23 Oktober 2019 13:08:00

#1 African Woman Investor to be highlighted at the Russia-Africa Summit

SOCHI, RUSSIA - Media OutReach - 22 October 2019 - Russia-Africa Summit will welcome many African leaders , mainly men and many in the political sphere. One well-known woman will stand out. Isabel dos Santos is a globally known African investor and she speaks more than 5 languages including Russian.
 
Black female-owned businesses are the fastest growing economic force in the U.S. but we have yet to see this same pace in other regions of the world. The challenges are the same. The challenges that black women face as entrepreneurs are lack of startup capital, resources and loans, along with racial and gender discrimination within the largely, male-dominated sectors of financing and technology.
 
Russia's ties to the African continent were built up to new heights during the Soviet era as the superpower sought to aid independence movements in opposition and support post-independence governments.
 
Speaking at the Moscow State Institute of international Affairs last month, Russian Foreign Affairs minister Sergei Lavrov said that following the collapse of the Soviet Union, "Russian businesses began to look at promising projects abroad, and we began to return to Africa. This process has been ongoing for the past 15 years."
 
As Russia seeks to reassert itself on the global stage, rekindling these Africans ties are a top priority for Moscow. Trade and investment between the two parties increased 185 percent in just 10 years, between 2005 and 2015.
 
This week Isabel dos Santos is sure to make some heads turn at the Russia-Africa Summit and Economic Forum in Sochi to mark the first of its kind, being the first large-scale congregation of African leaders and businesses on Russian soil since the Soviet Union's collapse. As one of Africa's largest investor and a businesswoman, she says "I am looking to fruitful discussions on how to keep Africa rising."
 
French-language Jeune Afrique cited Isabel dos Santos as one of the 100 Most Influential People in Africa, but it should also include Portugal. Portuguese GDP was expected to grow by 2.1% in 2018 (two decimal points above the eurozone average), 1.7% in 2019 (four decimal points above eurozone's average), and 1.7% in 2020 (again, one decimal point above eurozone's GDP growth). (*).

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