Presidents of Russia and Guinea-Bissau sign resource deal in Moscow talks

By bne IntelliNews February 27, 2025

Russian President Vladimir Putin hosted his counterpart from Guinea-Bissau, Umaro Sissoco Embaló, in Moscow on February 27, marking the latest effort by the Kremlin to expand its influence in Africa, particularly in resource-rich regions.

During the talks, the two leaders signed an agreement focused on the exploration of bauxite, phosphate, and hydrocarbon deposits in Guinea-Bissau, TASS reported. Russian aluminium giant Rusal also expressed interest in constructing a railway and a deep-water port in Buba to support mineral exports. The agreement further includes provisions for collaboration in education and fishing.

At the start of the meeting, both leaders reinforced long-standing diplomatic ties, according to an official readout published by the Kremlin. Putin noted that trade between Russia and Africa increased by 10% in the past year and called for deeper economic engagement.

The Russian president also expressed confidence in Embaló’s leadership, particularly in light of the upcoming elections in Guinea-Bissau, and commended his role in maintaining bilateral relations. In response, Embaló praised Putin and thanked him for “increasing quotas” for military personnel, police officers, and students studying in Russia.

In May 2024, Embaló was the highest-ranking African politician to attend Russia’s Victory Day parade in Moscow, underlining his close ties with the Kremlin.

Guinea-Bissau, a former Portuguese colony, has long experienced political instability, with opposition factions disputing Embaló’s mandate and repeatedly attempting to remove him from office.

Related Articles

Oil and gas explorer Custos Energy announces discoveries at Mopane-3X in PEL 83 offshore Namibia

Namibian independent oil and gas explorer Custos Energy has released an update on the second exploration and appraisal campaign on blocks 2813A and 2814B located in Namibia’s highly prospective ... more

Namibia's Langer Heinrich Mine produced 1.3mn pounds of uranium in second half of 2024

A Namibian uranium mine, Langer Heinrich Mine (LHM), produced 1.3mn pounds (Mlb) of uranium oxide (U3O8) and sold 1.1Mlb, generating $77.2mn in the six months to December 2024. The asset, 75% ... more

SolarAfrica reaches financial close on first 114 MW of utility-scale solar PV project in South Africa

South African independent power producer (IPP) SolarAfrica has advanced the development of its flagship ZAR1.8bn ($97.7mn) utility-scale solar project, SunCentral, in the Northern Cape province of ... more

Dismiss