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Russian Railways

Afreximbank: African rail sector needs $20 billion investments yearly

The rail sector in African needs an annual investment of about $20 billion to bring it to the required level.

Afreximbank: $20 billion needed to improve railway system in Africa

The African Export-Import Bank (Afreximbank) on Friday signed a memorandum of understanding (MoU) with Russian Railways and the Russian Export Center (REC), agreeing to cooperate in implementing export and investment projects in the railway sector in Africa.

At least 16 killed as train hits bus in Russia

At least 16 people were killed on Friday when a train slammed into a bus that had broken down on a level crossing east of Moscow, authorities said.

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