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Russia and Egypt have signed an agreement on the development of a nuclear power plant in the African country. The accord between Russia’s Rosatom State Atomic Energy Corporation and Egypt's Ministry of Electricity and Renewable Energy was signed during a meeting between Russian President Vladimir Putin and his Egyptian counterpart, Abdel Fattah el-Sisi, in Egypt’s capital, Cairo, on Tuesday. At a joint press conference following a meeting of the two leaders, the Egyptian head of state said the nuclear power plant would be constructed in Dabaa in northwest Egypt on the Mediterranean coast. "This is comprehensive cooperation. Moreover, it presumes that Russia will also provide relevant financial support in the form of an intergovernmental loan," said Rosatom’s chief, Sergei Kiriyenko.

The foundation of the power plant was laid during the rule of ousted president, Hosni Mubarak. A 2011 uprising ended his decades-long rule in Egypt. "Mr. President and I held constructive and substantial talks and continued the exchange of views started in Sochi last year over the whole spectrum of the Russian-Egyptian relations and the key regional and international issues," Putin said after the bilateral talks, adding, "Russia intends to remain a reliable partner and friend of Egypt."

"I am certain that today's visit will give a good impetus to the development of our relations," Putin further noted. Russian delegates, headed by Putin, arrived in the Egyptian capital to hold talks with their Egyptian counterparts on Monday and were greeted by Sisi at Cairo International Airport. Putin said during an interview with Egypt’s al-Ahram daily newspaper on the same day that Moscow and Cairo may soon abandon the US dollar in bilateral trade and use their national currencies instead. The Russian leader added that the volume of bilateral trade between the two countries amounted to more than USD 4.5 billion, a figure nearly 50 percent up from the previous year.

Russia is one of the main non-Arab supporters of Sisi’s government and was among the first countries to endorse Sisi’s presidential bid in 2014. Sisi visited Moscow soon after the ouster of Egypt’s first democratically-elected president, Mohamed Morsi, in a military coup in July 2013. He made another visit to the European country in August 2014 after he won the Egyptian presidential election.

 

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Ngwa Bertrand

10.Feb.2015

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Russia and Egypt have signed an agreement on the development of a nuclear power plant in the African country. The accord between Russia’s Rosatom State Atomic Energy Corporation and Egypt's Ministry of Electricity and Renewable Energy was signed during a meeting between Russian President Vladimir Putin and his Egyptian counterpart, Abdel Fattah el-Sisi, in Egypt’s capital, Cairo, on Tuesday. At a joint press conference following a meeting of the two leaders, the Egyptian head of state said the nuclear power plant would be constructed in Dabaa in northwest Egypt on the Mediterranean coast. "This is comprehensive cooperation. Moreover, it presumes that Russia will also provide relevant financial support in the form of an intergovernmental loan," said Rosatom’s chief, Sergei Kiriyenko.

The foundation of the power plant was laid during the rule of ousted president, Hosni Mubarak. A 2011 uprising ended his decades-long rule in Egypt. "Mr. President and I held constructive and substantial talks and continued the exchange of views started in Sochi last year over the whole spectrum of the Russian-Egyptian relations and the key regional and international issues," Putin said after the bilateral talks, adding, "Russia intends to remain a reliable partner and friend of Egypt."

"I am certain that today's visit will give a good impetus to the development of our relations," Putin further noted. Russian delegates, headed by Putin, arrived in the Egyptian capital to hold talks with their Egyptian counterparts on Monday and were greeted by Sisi at Cairo International Airport. Putin said during an interview with Egypt’s al-Ahram daily newspaper on the same day that Moscow and Cairo may soon abandon the US dollar in bilateral trade and use their national currencies instead. The Russian leader added that the volume of bilateral trade between the two countries amounted to more than USD 4.5 billion, a figure nearly 50 percent up from the previous year.

Russia is one of the main non-Arab supporters of Sisi’s government and was among the first countries to endorse Sisi’s presidential bid in 2014. Sisi visited Moscow soon after the ouster of Egypt’s first democratically-elected president, Mohamed Morsi, in a military coup in July 2013. He made another visit to the European country in August 2014 after he won the Egyptian presidential election.

 

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Ngwa Bertrand

10.Feb.2015

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Russia and Egypt have signed an agreement on the development of a nuclear power plant in the African country. The accord between Russia’s Rosatom State Atomic Energy Corporation and Egypt's Ministry of Electricity and Renewable Energy was signed during a meeting between Russian President Vladimir Putin and his Egyptian counterpart, Abdel Fattah el-Sisi, in Egypt’s capital, Cairo, on Tuesday. At a joint press conference following a meeting of the two leaders, the Egyptian head of state said the nuclear power plant would be constructed in Dabaa in northwest Egypt on the Mediterranean coast. "This is comprehensive cooperation. Moreover, it presumes that Russia will also provide relevant financial support in the form of an intergovernmental loan," said Rosatom’s chief, Sergei Kiriyenko.

The foundation of the power plant was laid during the rule of ousted president, Hosni Mubarak. A 2011 uprising ended his decades-long rule in Egypt. "Mr. President and I held constructive and substantial talks and continued the exchange of views started in Sochi last year over the whole spectrum of the Russian-Egyptian relations and the key regional and international issues," Putin said after the bilateral talks, adding, "Russia intends to remain a reliable partner and friend of Egypt."

"I am certain that today's visit will give a good impetus to the development of our relations," Putin further noted. Russian delegates, headed by Putin, arrived in the Egyptian capital to hold talks with their Egyptian counterparts on Monday and were greeted by Sisi at Cairo International Airport. Putin said during an interview with Egypt’s al-Ahram daily newspaper on the same day that Moscow and Cairo may soon abandon the US dollar in bilateral trade and use their national currencies instead. The Russian leader added that the volume of bilateral trade between the two countries amounted to more than USD 4.5 billion, a figure nearly 50 percent up from the previous year.

Russia is one of the main non-Arab supporters of Sisi’s government and was among the first countries to endorse Sisi’s presidential bid in 2014. Sisi visited Moscow soon after the ouster of Egypt’s first democratically-elected president, Mohamed Morsi, in a military coup in July 2013. He made another visit to the European country in August 2014 after he won the Egyptian presidential election.

 

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Ngwa Bertrand

10.Feb.2015

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Russia and Egypt have signed an agreement on the development of a nuclear power plant in the African country. The accord between Russia’s Rosatom State Atomic Energy Corporation and Egypt's Ministry of Electricity and Renewable Energy was signed during a meeting between Russian President Vladimir Putin and his Egyptian counterpart, Abdel Fattah el-Sisi, in Egypt’s capital, Cairo, on Tuesday. At a joint press conference following a meeting of the two leaders, the Egyptian head of state said the nuclear power plant would be constructed in Dabaa in northwest Egypt on the Mediterranean coast. "This is comprehensive cooperation. Moreover, it presumes that Russia will also provide relevant financial support in the form of an intergovernmental loan," said Rosatom’s chief, Sergei Kiriyenko.

The foundation of the power plant was laid during the rule of ousted president, Hosni Mubarak. A 2011 uprising ended his decades-long rule in Egypt. "Mr. President and I held constructive and substantial talks and continued the exchange of views started in Sochi last year over the whole spectrum of the Russian-Egyptian relations and the key regional and international issues," Putin said after the bilateral talks, adding, "Russia intends to remain a reliable partner and friend of Egypt."

"I am certain that today's visit will give a good impetus to the development of our relations," Putin further noted. Russian delegates, headed by Putin, arrived in the Egyptian capital to hold talks with their Egyptian counterparts on Monday and were greeted by Sisi at Cairo International Airport. Putin said during an interview with Egypt’s al-Ahram daily newspaper on the same day that Moscow and Cairo may soon abandon the US dollar in bilateral trade and use their national currencies instead. The Russian leader added that the volume of bilateral trade between the two countries amounted to more than USD 4.5 billion, a figure nearly 50 percent up from the previous year.

Russia is one of the main non-Arab supporters of Sisi’s government and was among the first countries to endorse Sisi’s presidential bid in 2014. Sisi visited Moscow soon after the ouster of Egypt’s first democratically-elected president, Mohamed Morsi, in a military coup in July 2013. He made another visit to the European country in August 2014 after he won the Egyptian presidential election.

 

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Ngwa Bertrand

10.Feb.2015

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Armed men have kidnapped four oil workers in Nigeria's southern oil-rich Niger Delta region, military sources say. The area’s military spokesman, Isa Ado, said on Wednesday that those taken hostage were employees of the Nigerian Agip Oil Company (NOAC), a subsidiary of the Italian energy giant, ENI. The oil workers were travelling without a security escort in the Southern Ijaw area of Nigeria's Bayelsa State when they were abducted by gunmen in a speedboat on Tuesday, the spokesman added.

"We have started a rescue mission to secure their release and also bring the captors to book," he further noted. The incident comes ahead of Nigeria’s February 14 presidential election, which will see a contest between incumbent Nigerian President Goodluck Jonathan of the ruling People's Democratic Party and former military ruler Muhammadu Buhari of the All Progressives Congress. Nigeria has witnessed a string of kidnappings, deadly shooting attacks and bombings by Boko Haram Takfiri militants since the beginning of their operations in 2009. Violence in Nigeria has left over 13,000 people dead and 1.5 million displaced over the past years.

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Ngwa Bertrand

05.Feb.2015

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Exchanges between the two countries suffer a 12 percent commercial deficit on the part of Cameroon.

eroon and Nigeria held in Douala on January 28. Organized by the Cameroon Chamber of Commerce, Industry, Mines and Crafts, CCIMA, with the collaboration of the Nigerian High Commission in Yaounde, business people in Cameroon sensitized on the importance of business exchanges the two brotherly nations.

The meeting was crucial to conclude the commercial agreement discussed at the Sixth Cameroon-Nigeria Mixed Commission on April 11, 2014, strengthen trade relations existing between the two countries, as well as open up new collaboration based on the growth of small and medium-sized enterprises, SMEs.

Ekoko Mukete, Vice President of CCIMA, said the 170 million Ngerian population and 21 million Cameroonian population is a big market for investors from both countries to exploit.

Between 2011 and 2014, Nigeria’s exports (cosmetics, textiles, motor spare parts, household equipments) to Cameroon stood at 36 per cent. On the other hand, Cameroon’s exports to Nigeria, mainly, cotton, rubber, foodstuff, which fall under non petroleum products stood at 24 per cent, within the same period.

From allAfrica/Written by Christopher Jator

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Ngwa Bertrand

01.Feb.2015

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