April 7, 2015 IBOMLLC Team

Russia’s Industrial Giant Rostec To Invest $7 billion in Uganda and Zimbabwe

Russia's Industrial Giant Rostec To Invest $7 billion in Uganda and Zimbabwe

Innov8tiv
Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

Russia’s Industrial Giant Rostec To Invest $7 billion in Uganda and Zimbabwe

There is an adage that says an enemy of my enemy is my friend. Perhaps those are too strong words to use in describing Uganda’s and Zimbabwe’s new partner in development, but too mild words in the case of Russia.

Be that as it may, RT Global Resources, a 100%-owned subsidiary of Rostec – a government-owned industrial giant, won a contract to build and operate an oil refinery in Uganda back in February. The move by the government of Uganda to award the contract to a …read more

Read more here:: Russia’s Industrial Giant Rostec To Invest $7 billion in Uganda and Zimbabwe

      

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