Russia Aims To Exploit Africa’s Energy Potential

Africa’s economic potential is enormous: the continent contains significant mineral and energy deposits, a young and growing population, and an underdeveloped energy sector desperately in need of investment. Approximately 640 million people, or two-thirds of the entire populace, don’t have access to electricity. According to the African Development Bank, energy poverty reduces GDP growth by 4 percent every year. Russia’s energy industry, in comparison, is booming. Its state-run nuclear energy company Rosatom has an order book…