Putin has proposed relocating russian factories to Africa

He made this statement during the "russia-Africa" forum in Moscow, according to The Moscow Times.

He said that the investment potential of russian companies is "quite high" and that "there is scope for further development".

He also noted that investments in African countries must be “reliable and secure” so that production can continue “regardless of the foreign policy climate”.

Putin was responding to the President of the Republic of Burundi, Évariste Ndayishimiye, who had stated that Africa would not be content with merely exporting raw materials and importing finished goods.

“We must develop our own industrial potential, modernise our agriculture, strengthen our energy infrastructure and logistics routes, and invest more in research and technological development,” said Ndayishimiye.

He emphasised that Africa must become “a genuine market for production and sales, rather than remaining a consumer market”.

Source: The Moscow Times, Ekonomichna Pravda