Sochi, Russia: President Danny Faure attended the first day of the Russia-Africa Summit in Sochi this morning. He participated in the opening plenary, in addition to a panel discussion in the afternoon around “Investing in Africa”. 

The first-ever Russia-Africa Summit was opened by President Vladimir Putin. The two-day event will see more than 3,000 delegates from across Russia and Africa to discuss an array of topics including nuclear energy and business investment. 

In the panel discussion facilitated by economist Charles Robertson, the President shared how Seychelles is the richest country in Africa because of its consistent human development-centred policies, and political stability. “What is the oxygen for development? It is peace and stability,” said the President. He encouraged international investors to explore the opportunities available in the Blue Economy, and how it is the next frontier of development for the continent. 

In the evening, the President attended a gala dinner hosted by President Putin, featuring Russian cultural performances.