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Valdai Experts Present Key Report Ahead Of Russia-Africa Summit

Moscow should develop a comprehensive roadmap for boosting ties with Africa, experts at the Valdai International Discussion Club said in a new report on Tuesday.

In a document entitled “Russia and Africa: An Audit of Relations,” published on the Valdai website ahead of the Russia-Africa summit set to be held in St. Petersburg on July 27, the authors conclude that systemic work needs to be done.

The experts note that despite the push for more Russian businesses to enter the African market, most of them have yet to understand where the entry points are and who their potential partners might be.

However, many African countries remain interested in cooperation with Moscow, as many have refused to endorse international political resolutions against Russia.

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Valdai Experts Present Key Report Ahead Of Russia-Africa Summit

Moscow should develop a comprehensive roadmap for boosting ties with Africa, experts at the Valdai International Discussion Club said in a new report on Tuesday.

In a document entitled “Russia and Africa: An Audit of Relations,” published on the Valdai website ahead of the Russia-Africa summit set to be held in St. Petersburg on July 27, the authors conclude that systemic work needs to be done.

The experts note that despite the push for more Russian businesses to enter the African market, most of them have yet to understand where the entry points are and who their potential partners might be.

However, many African countries remain interested in cooperation with Moscow, as many have refused to endorse international political resolutions against Russia.

📈 www.tg-me.com/TheEconomyNews

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Telegram hopes to raise $1bn with a convertible bond private placement

The super secure UAE-based Telegram messenger service, developed by Russian-born software icon Pavel Durov, is looking to raise $1bn through a bond placement to a limited number of investors from Russia, Europe, Asia and the Middle East, the Kommersant daily reported citing unnamed sources on February 18, 2021.The issue reportedly comprises exchange bonds that could be converted into equity in the messaging service that is currently 100% owned by Durov and his brother Nikolai.Kommersant reports that the price of the conversion would be at a 10% discount to a potential IPO should it happen within five years.The minimum bond placement is said to be set at $50mn, but could be lowered to $10mn. Five-year bonds could carry an annual coupon of 7-8%.

Telegram today rolling out an update which brings with it several new features.The update also adds interactive emoji. When you send one of the select animated emoji in chat, you can now tap on it to initiate a full screen animation. The update also adds interactive emoji. When you send one of the select animated emoji in chat, you can now tap on it to initiate a full screen animation. This is then visible to you or anyone else who's also present in chat at the moment. The animations are also accompanied by vibrations. This is then visible to you or anyone else who's also present in chat at the moment. The animations are also accompanied by vibrations.

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