KAZAN, March 30. /TASS/. The Russian Association of Cryptoeconomics, Artificial Intelligence and Blockchain (RACIB) has plans to open representative offices in five African countries, Executive Director of the Association Alexander Brazhnikov told TASS on the sidelines of II Kazan Cryptoforum.

"African countries will be very interesting at present," Brazhnikov said. "We are holding now talks [to open its representative offices]," he noted.

"We intend to open representative offices in five countries of the African content most probably. This is because many our companies are proactively involved there," the executive director said. "I see more and more major companies that are differentiating their projects and investing in digital solutions," he noted.

The Association will announce opening of representative offices in the first two or three African nations in summer 2023, Brazhnikov said. "We are proactively developing the institute of representative offices," he added.

The Association currently has 51 representative offices in Russian regions and 13 offices abroad.