AFRICA VS RUSSIA/CHINA/EUROPE: FIRST Russia-Africa Summit taking place in Sochi, Russia
- Thread starter ☑︎#VoteDemocrat
- Start date
Dragon been there
Scustin Bieburr
Baby baybee baybee UUUGH
It's a new scramble for Africa. Colonization 2.0 here we go again.
The c00ns calling themselves leaders who steal millions in aid and tax revenue so they can live like kings finna cash out yet again at the expense of their own people. The continent about to get raped again, this time with the Chinese joining in.
The only way for Africa to prosper is if there is sustained collaboration with black people globally. No outsider can give these countries what they need. They need to trade within themselves, absorb knowledge from overseas and collaborate with black owned businesses globally to create good trade networks.
The c00ns calling themselves leaders who steal millions in aid and tax revenue so they can live like kings finna cash out yet again at the expense of their own people. The continent about to get raped again, this time with the Chinese joining in.
The only way for Africa to prosper is if there is sustained collaboration with black people globally. No outsider can give these countries what they need. They need to trade within themselves, absorb knowledge from overseas and collaborate with black owned businesses globally to create good trade networks.
The Amerikkkan Idol
The Amerikkkan Nightmare
nikka, who said anything about the goodness of anybody's hearts?They very easily in the 20th century could've done the same thing the west was doing, when they were in their peak as the Soviet Union, as the 2nd most powerful nation on earth.
They didn't.
Why is irrelevant.
I don't go shopping at an establishment out of the goodness of my heart, I shop somewhere because they have something I want.
Now, if Russia wants to be a good shopper, then I'm good, like I said.
But if they start assassinating leaders like the US/France/UK
Start enslaving people
Start colonizing countries and leaving everybody broke the way the west did, then I'll condemn what they do
But, I'm not gonna be a c00n like Napoleon and start trembling in fear of somebody who's never done anything to me or my people, while at the same time defending the people who enslaved, raped, & colonized my people for 500 years like the west has
Mf you said they didn’t participate in black slavery and colonization like they were against but THEY WERENT and COULDVE done it if they were able too.
They very easily in the 20th century could've done the same thing the west was doing, when they were in their peak as the Soviet Union, as the 2nd most powerful nation on earth.
They didn't.
Why is irrelevant.
I don't go shopping at an establishment out of the goodness of my heart, I shop somewhere because they have something I want.
Now, if Russia wants to be a good shopper, then I'm good, like I said.
But if they start assassinating leaders like the US/France/UK
Start enslaving people
Start colonizing countries and leaving everybody broke the way the west did, then I'll condemn what they do
But, I'm not gonna be a c00n like Napoleon and start trembling in fear of somebody who's never done anything to me or my people, while at the same time defending the people who enslaved, raped, & colonized my people for 500 years like the west has
Double down on your ignorance like the Russians are so black-friendly when saying “they haven’t done anything to my people” while ignore the how the state treated African students
China hasn’t enslaved or colonized black people either but committed atrocities IN AFRICA. just stop it.
The Amerikkkan Idol
The Amerikkkan Nightmare
Mf you said they didn’t participate in black slavery and colonization like they were against but THEY WERENT and COULDVE done it if they were able too.
Double down on your ignorance like the Russians are so black-friendly when saying “they haven’t done anything to my people” while ignore the how the state treated African students
China hasn’t enslaved or colonized black people either but committed atrocities IN AFRICA. just stop it.
nikka, I'ma post this again because obviously you didn't read it the first time.
I don't go shopping at an establishment out of the goodness of my heart, I shop somewhere because they have something I want.
Now, if Russia wants to be a good shopper, then I'm good, like I said.
But if they start assassinating leaders like the US/France/UK
Start enslaving people
Start colonizing countries and leaving everybody broke the way the west did, then I'll condemn what they do
But, I'm not gonna be a c00n like Napoleon and start trembling in fear of somebody who's never done anything to me or my people, while at the same time defending the people who enslaved, raped, & colonized my people for 500 years like the west has
There you go.
bloomberg.com
Russia to Revive Nigerian Steel Plant on Hold Since Soviet Era
By William Clowes
4-5 minutes
Ajaokuta Steel plant, Nigeria.
Source: Google Maps
Source: Google Maps
Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter
Russia may give a new lease of life to Nigeria’s biggest steel plant after decades of inactivity, the West African nation’s mines minister said.
Construction of Ajaokuta Steel Co. began in 1979 with assistance from the then-Soviet Union, but the facility never started production and has sucked up $8 billion of public money. Repeated attempts to revive the flagship project by transferring it to private investors failed and the government terminated the concessions.
Now, Russian engineering and construction group MetProm will undertake the necessary work to bring the facility into operation, financed by the state-owned Russian Export Center JSC and the Cairo-based African Export-Import Bank, Mines & Steel Development Minister Olamilekan Adegbite said in an interview.
Ajaokuta’s output would go some way to realizing President Muhammadu Buhari’s plans to diversify the economy away from oil and encourage local production. Africa’s biggest producer of crude gets 90% of its export earnings from the commodity. Ajaokuta was designed to produce as much as 3 million metric tons of steel a year, and would have largely eliminated the need for imports.
Read more about Ajaokuta’s checkered past
“We’ve come to the realization that it’s best to go back to those guys who did it initially,” Adegbite said in the capital, Abuja. Earlier talks on the plant were sealed when Buhari and his Russian counterpart Vladimir Putin struck a government-to-government agreement last week at the Russia-Africa summit in Sochi, Adegbite said.
Adegbite didn’t provide more details about the financing. “We are going to sign the details later,” he said. MetProm will complete, operate and eventually transfer the plant back to the Nigerian government after “training our engineers to take over.”
The two governments plan to conclude the deal by January, after which it should take a maximum of two years to complete the blast furnace, the key component of the facility that will turn domestic iron ore into liquid steel, Adegbite said. While that work takes place, they are considering whether to “kick-start” some of Ajaokuta’s smaller manufacturing units using imported steel billets, he said.
“The Russian Export Center and the African Export-Import Bank are considering taking part in financing Ajaokuta,” the Moscow-based development institution said in an emailed response to queries, declining to elaborate further.
In April, Buhari refused to disburse $1 billion from the state’s oil savings, as voted for by lawmakers, to complete Ajaokuta. “No public funds is his priority,” Adegbite said. “As for the exact method of solving the problem, that was left open.”
Boosting steel-making and mineral production feature prominently in Buhari’s plans to diversify Nigeria’s economy and Adegbite is aiming for mining to contribute 3% of the country’s GDP by 2025. While Nigeria has sizable untapped deposits of commodities including iron ore, gold, zinc and lead, the nation doesn’t have any large-scale industrial metal production and the sector accounts for less than 0.1% of GDP.
Read more about Nigeria’s bid to boost mining
— With assistance by Yuliya Fedorinova
Russia to Revive Nigerian Steel Plant on Hold Since Soviet Era
By William Clowes
4-5 minutes
Ajaokuta Steel plant, Nigeria.
Source: Google Maps
Source: Google Maps
Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter
Russia may give a new lease of life to Nigeria’s biggest steel plant after decades of inactivity, the West African nation’s mines minister said.
Construction of Ajaokuta Steel Co. began in 1979 with assistance from the then-Soviet Union, but the facility never started production and has sucked up $8 billion of public money. Repeated attempts to revive the flagship project by transferring it to private investors failed and the government terminated the concessions.
Now, Russian engineering and construction group MetProm will undertake the necessary work to bring the facility into operation, financed by the state-owned Russian Export Center JSC and the Cairo-based African Export-Import Bank, Mines & Steel Development Minister Olamilekan Adegbite said in an interview.
Ajaokuta’s output would go some way to realizing President Muhammadu Buhari’s plans to diversify the economy away from oil and encourage local production. Africa’s biggest producer of crude gets 90% of its export earnings from the commodity. Ajaokuta was designed to produce as much as 3 million metric tons of steel a year, and would have largely eliminated the need for imports.
Read more about Ajaokuta’s checkered past
“We’ve come to the realization that it’s best to go back to those guys who did it initially,” Adegbite said in the capital, Abuja. Earlier talks on the plant were sealed when Buhari and his Russian counterpart Vladimir Putin struck a government-to-government agreement last week at the Russia-Africa summit in Sochi, Adegbite said.
Adegbite didn’t provide more details about the financing. “We are going to sign the details later,” he said. MetProm will complete, operate and eventually transfer the plant back to the Nigerian government after “training our engineers to take over.”
The two governments plan to conclude the deal by January, after which it should take a maximum of two years to complete the blast furnace, the key component of the facility that will turn domestic iron ore into liquid steel, Adegbite said. While that work takes place, they are considering whether to “kick-start” some of Ajaokuta’s smaller manufacturing units using imported steel billets, he said.
“The Russian Export Center and the African Export-Import Bank are considering taking part in financing Ajaokuta,” the Moscow-based development institution said in an emailed response to queries, declining to elaborate further.
In April, Buhari refused to disburse $1 billion from the state’s oil savings, as voted for by lawmakers, to complete Ajaokuta. “No public funds is his priority,” Adegbite said. “As for the exact method of solving the problem, that was left open.”
Boosting steel-making and mineral production feature prominently in Buhari’s plans to diversify Nigeria’s economy and Adegbite is aiming for mining to contribute 3% of the country’s GDP by 2025. While Nigeria has sizable untapped deposits of commodities including iron ore, gold, zinc and lead, the nation doesn’t have any large-scale industrial metal production and the sector accounts for less than 0.1% of GDP.
Read more about Nigeria’s bid to boost mining
— With assistance by Yuliya Fedorinova
MischievousMonkey
Gor bu dëgër
These types of discussion need to happen in the Root. TLR is a mess
They very easily in the 20th century could've done the same thing the west was doing, when they were in their peak as the Soviet Union, as the 2nd most powerful nation on earth.
They didn't.
Why is irrelevant.
I don't go shopping at an establishment out of the goodness of my heart, I shop somewhere because they have something I want.
Now, if Russia wants to be a good shopper, then I'm good, like I said.
But if they start assassinating leaders like the US/France/UK
Start enslaving people
Start colonizing countries and leaving everybody broke the way the west did, then I'll condemn what they do
But, I'm not gonna be a c00n like Napoleon and start trembling in fear of somebody who's never done anything to me or my people, while at the same time defending the people who enslaved, raped, & colonized my people for 500 years like the west has
The Amerikkkan Idol
The Amerikkkan Nightmare
Funny, the guy who literally said "fukk Africa" is the one pumping this thread.
BlackJesus
Spread science, save with coupons
Armchair Africa experts here think they know it all but are dumb as they come.
