Under the terms of the MoU, the parties will cooperate by undertaking mutual consultations on export and investment projects in the railway sector abroad and by jointly developing project finance schemes in the infrastructure sectors in Africa.
Russian Railways is a state transport authority reputed for developing and advancing technologies and techniques for effectively managing railway systems.
In December 2017, Russian Export Center became a shareholder of Afreximbank. The African Export-Import Bank (Afreximbank) was founded in 1993 in Abuja (Nigeria). The authorized capital is $ 5 billion. The main objectives of the bank are the development and promotion of trade between African countries and outside the continent. Headquartered in Cairo, there are regional offices in Côte d’Ivoire, Nigeria, Kenya, and Zimbabwe.