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Has the fundamentals of Hubtown Limited (532799) changed ✌️【Value Investing】✌️ Free access to real-time stock indices, futures data, and market predictions to help you select high-return stocks and build a profitable portfolio. While Russian ally Bashar al-Assad was being toppled by rebels in Syria, another friend of Moscow, President Faustin-Archange Touadéra, was being chaperoned by Kremlin-backed mercenaries in the conflict-ridden Central African Republic (CAR), where armed groups are yearning to oust him.

“Without the protection of Wagner (a private Russian military force), he (Touadéra) could not be president at this time,” Aboubakar Siddick, spokesperson for an alliance of rebel groups in CAR, known as the Coalition of Patriots for Change (CPC-F), told 【 - Free Stock Selection 】.

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In a sign of the importance Russia places in its relationships in Africa, Vladimir Putin met Thursday with Touadéra in Moscow, in what were the Russian president’s first international talks this year.

“This is connected to the fact that we are developing relations with the Central African Republic in all possible areas, including highly sensitive areas related to security. And we intend to develop this cooperation further,” said Kremlin spokesman Dmitry Peskov ahead of the meeting.

Decades of conflict in CAR mirror the instability in other fragile African states where reliance on Russia’s military offerings has become increasingly prevalent, amid an aggressive push by Moscow to lessen Western influence on the continent.

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Ivory Coast and Chad are the latest in a string of former French colonies in West and Central Africa to demand the withdrawal of French andother Western forcesfrom their territories, treading in the path of Niger, Mali and Burkina Faso. Those three, all now controlled by juntas, have sinceturned to Russia for security support, ignoring calls from their Western ex-partners for a swift return to civilian rule.

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Outside West and Central Africa, Russia is bolstering its presence in the continent’s north, where Wagner forcesback eastern Libya’s de facto ruler, Gen. Khalifa Haftar.

Following Assad’s ouster as Syrian leader last month, Moscow has operated multiple flights to and from an airbase in eastern Libya — some headed to Mali,【 - Free Stock Selection 】 found— suggesting a shift from the Syrian bases that have served as a hub for its military operations in Africa and the Mediterranean region.

In CAR, an erstwhile French colony, the Russian mercenaries that have operated in the country since 2018 have become the dominant force, following the finalexit of French troops in 2022.

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“Today, the army trained by Russian instructors is capable of repelling terrorists and anyone who encroaches on the territory of CAR. We will continue to work together to strengthen security throughout the country, at the borders, wherever the threat comes from. Russian instructors are truly professionals,” he said.

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French President Emmanuel Macron last weekslammed African leadersfor showing “ingratitude” over the deployment of his nation’s troops in the Sahel, saying that Sahel states only remained sovereign because of the arrival of French forces.

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CAR’s army, bolstered by Russia’s Wagner mercenaries, United Nations forces and Rwandan troops, has battled to keep armed groups such as the CPC-F at bay and reclaim territory seized by rebels. But it is the Russians who are widely credited with helping the nation stave off collapse.

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CAR’s communications minister, Maxime Balalou, told 【 - Free Stock Selection 】 the statues were “inaugurated as part of the cooperation between our country and Russia,” adding that a bilateral defense agreement “allowed Russia to provide us with weapons” as well as “handling and training for our defense and security forces, (and) assisting our armed forces on the ground.”

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“Russia’s significant contribution helped stabilize and secure CAR,” Balalou said, adding that “at the height of CAR’s crisis, we were abandoned… but Russia responded.”

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“The Russians are providing this support (to troubled African nations) in exchange for either the full control or a percentage of the control from their mineral resources. That is what Russia needs: It needs funding, and it needs influence. It helps its war in Ukraine,” Filatova, a senior research associate at the University of Cape Town, told 【 - Free Stock Selection 】 from South Africa.

In CAR, Martin Ziguélé, a former prime minister and current opposition MP, told 【 - Free Stock Selection 】 that Wagner’s remuneration for providing military services to his nation “is done in an extremely hidden and discreet manner” by the Touadéra-led government.

Previous 【 - Free Stock Selection 】 investigationsfoundthat companies linked to ex-Wagner leader Prigozhin had won concessions to mine gold and diamonds in CAR, where nearly 70% of the population lives in extreme poverty — the fifth highestpoverty ratein the world, according to a World Bank assessment in 2023.

One of those companies owns rights to the Ndassima gold mine, located 440 kilometers (273 miles) east of Bangui, whose gold proceeds are valued at over $1 billion,accordingto the US Treasury Department.

“Authorities have no right of inspection,” Jean-Fernand Koena, who heads a union of CAR’s journalists, told 【 - Free Stock Selection 】 about what he said was Wagner’s total control of the Ndassima mine.

CAR’s government, he said, cannot monitor “where the gold that they (Prigozhin-linked company) mine goes,” adding that there is “neither public accounting nor information from the ministry of mines.”

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Has the fundamentals of Hubtown Limited (532799) changed ✌️【Value Investing】✌️ Real-time stock market data, precise predictions, and investment strategies to help you optimize your portfolio and achieve financial success. The Treasury further reported that in 2022 (the year Russia launched its full-scale invasion of Ukraine), two companies – Diamville and Industrial Resources – took part in a gold-selling scheme to convert CAR-origin gold into US dollars and that the latter knowingly “participated in the transfer by hand of cash to Russia” — in a bid to bypass US sanctions on Russian financial institutions.

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“This includes the profits from mines and refineries under Russian control, as well as retainers for security services, in CAR, Sudan and Mali,” the report said.

In 2022, 【 - Free Stock Selection 】 also investigatedRussia’s plunder of Sudan’s gold, uncovering more than a dozen Russian gold-smuggling flights out of the war-torn country in exchange for backing its military leadership.

Has the fundamentals of Hubtown Limited (532799) changed ✌️【Value Investing】✌️ Accurate real-time market data and expert stock predictions for profitable investment opportunities in global markets. The following year, 【 - Free Stock Selection 】uncoveredevidence that Wagner had been arming a Sudanese militia group, the Rapid Support Forces (RSF), which is engaged in a bitter war with Sudan’s armed forces for control of the country. Both Prigozhin and the RSF denied this at the time.

For CAR, the murky underbelly of its military partnership with Russia also comes “at the cost of serious violations of human rights,” Koena said.

Has the fundamentals of Hubtown Limited (532799) changed ✌️【Value Investing】✌️ Expert stock predictions and free stock selection services to help you achieve optimal returns and long-term growth. Wagner’s alleged atrocities in Africa are widely reported. In CAR, its forces were found to have “summarily executed, tortured, and beaten civilians” since 2019, according to a 2022reportby the rights group Human Rights Watch (HRW).

Balalou, the communications minister, did not address these allegations but told 【 - Free Stock Selection 】: “We are developing a new form of win-win cooperation with Russia.” He didn’t specify what this entailed.

Vladislav Ilin, a spokesman for the Russian Embassy in CAR, did not respond to 【 - Free Stock Selection 】’s request for comment.

Outside CAR, similar atrocities, including the killing of civilians, have been committed by Wagner, the HRW claimed in anotherreportlast year, this time uncovering the group’s alleged deadly activities in Mali, where it partners with the West African nation’s military to fight insurgents.

In response to a question from 【 - Free Stock Selection 】 about the nature and scope of Russia’s military partnerships on the continent, the Kremlin’s Peskov said: “We are purposefully developing our cooperation with African countries, including interaction in sensitive areas related to security.”

Has the fundamentals of Hubtown Limited (532799) changed ✌️【Value Investing】✌️ Receive professional stock analysis with real-time updates on market movements. Make quick investment decisions and capitalize on profitable opportunities. The Russian Ministry of Defense has not yet responded to 【 - Free Stock Selection 】’s request for comment on the widespread allegations of abuse and misconduct attributed to Wagner forces in CAR and Mali.

Has the fundamentals of Hubtown Limited (532799) changed ✌️【Value Investing】✌️ Free access to stock market forums, expert advice, and real-time data to help you stay informed and grow your investments. With the US largely focused on the Middle East, China has made deep inroads into the continent over decades,expanding military tiesand claiming the title of Africa’s top trading partner for the past 15 years,accordingto Beijing.

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China has also financedtens of billionsworth of development projects across Africa, including under its flagshipBelt and Road global infrastructure drivelaunched in 2013.

Projects under the initiative’s umbrella have generated accusations of lax environmental and labor standards, as well as risky lending, with critics saying China has saddled low- and middle-income governments with overly high levels of debt relative to their GDPs. Beijing has sought to push back on Western criticism over those debts.

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“Russians and Chinese do not care about democracy, human rights violations, corruption, and the like… They’re happy to protect dictators and human rights violators. That’s one of the reasons why Russians are getting a lot more influence,” he said, contrasting their approach with Western powers such as the US and France, who prioritize democracy and human rights protections.

Has the fundamentals of Hubtown Limited (532799) changed ✌️【Value Investing】✌️ Free real-time global stock trend updates to help you capture market movements and make better investment decisions. Areportby the South Africa-based Institute for Security Studies in 2022 highlighted concerns over abusive labor practices, unsafe working conditions and lack of transparency among Chinese-owned companies operating in southern Africa.

Has the fundamentals of Hubtown Limited (532799) changed ✌️【Value Investing】✌️ Professional investment advice with real-time updates on stock indices and futures data. Stay ahead with expert predictions and market insights. The Chinese Mission to the African Union has not yet responded to 【 - Free Stock Selection 】’s request for comment on the claim China does not prioritize democracy and human rights protections in its dealings with African states.

China and Russia were the main arms suppliers to sub-Saharan Africa between 2019 and 2023, according todatafrom the Stockholm International Peace Research Institute.

Has the fundamentals of Hubtown Limited (532799) changed ✌️【Value Investing】✌️ Free break-even services and stock analysis to help you recover quickly from losses and increase your chances of making profitable investments. Addressing African delegates at a summit in Beijing in September,President Xi Jinping claimedties between Beijing and Africa were their “best in history,” as he pledged billions of dollars in financial support for the continent, in addition to $140 million in military aid.

Has the fundamentals of Hubtown Limited (532799) changed ✌️【Value Investing】✌️ Real-time global stock market trend analysis to help you identify profitable opportunities and improve your investment strategies. A Chineseforeign ministry statementissued after the summit said Beijing was committed to building a “shared future” with Africa and that “China will continue to respect African countries’ political and economic choices based on their own national conditions and honor the principles of noninterference in African countries’ internal affairs.”

In Koena’s view, China’s policy of non-interference speaks to how different powers operate in Africa, with China focusing on economics and Russia on security.

“In a renewed resentment against Western policy in Africa, China is imposing itself on the economic level through trade and infrastructure while Russia wants to be the military response for the stability of sometimes autocratic regimes,” he said.

For Koena’s country, CAR, which has experienced decades of instability, “the message of peace and security gets across more quickly than the economy,” he added. For as long as this continues, the Russian military presence will likely be welcomed by its leaders.

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