World
Can Africa Prioritise and Solve its Food Security Challenges?
By Kestér Kenn Klomegâh
Global food security, especially in Africa, has been in the media publications these past few months. While a few outspoken African leaders shifted blame to the Russia-Ukraine crisis, others focused on spending the state budget to import food to calm rising discontent among the population. Some experts and international organizations have also expressed the fact that African leaders have to adopt import substitution mechanisms and use their financial resources to strengthen agricultural production systems.
At the G7 Summit in June, President Biden and G7 leaders announced over $4.5 billion to address global food security, over half of which will come from the United States. This $2.76 billion in U.S. government funding will help protect the world’s most vulnerable populations and mitigate the impacts of growing food insecurity and malnutrition, including from Russia’s war in Ukraine, by building production capacity and more resilient agriculture and food systems around the world and responding to immediate emergency food needs.
U.S. Congress allocated $336.5 million to bilateral programs for Sub-Saharan African countries, including Burkina Faso, the Democratic Republic of the Congo, Ethiopia, Ghana, Guinea, Kenya, Liberia, Madagascar, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Senegal, Sierra Leone, Somalia, South Sudan, Tanzania, Uganda, Zambia, and Zimbabwe and regional programs in southern Africa, west Africa, and the Sahel.
Also, of this $2.76 billion, USAID is programming $2 billion in emergency food security assistance over the next three months. As of August 8, 2022, the U.S. has provided nearly $1 billion specifically for countries in Africa toward this $2 billion commitment, including the Central African Republic, the Democratic Republic of the Congo, Ethiopia, Kenya, Mali, Mozambique, Nigeria, Somalia, South Sudan, and Uganda.
That compared, Russia plans to earn (revenue) $33 billion by the end 0f 2022 through massive export of grains and meat poultry to Africa. The plan aims to marginalise local production, cut out foreign contributions to support livelihoods through local production and make African leaders spend their hard-earned revenue on food imports instead of supporting agricultural production.
Primarily, Russia needs to export an estimated 50-60 million tonnes of grain this agricultural year from July 2022 to June 2023. Agriculture Minister Dmitry Patrushev and Algerian Agriculture and Rural Development Minister Mohamed Abdelhafid Henni, co-chairing the Russian-Algerian Intergovernmental Commission in late September, agreed on increased wheat exports from Krasnodar Territory and Siberia regions to Algeria.
The Agriculture Ministry’s Agroexport Center said in a report that Russia has to increase exports to Angola. The estimated potential for Russian agribusiness exports to Angola is $100 million per year, including grains, foremost wheat, soybean oil, beef, poultry, edible pork by-products, yeast and other agribusiness products.
Agroexport Federal Center for Development of Agribusiness Exports, in close partnership collaboration with Trust Technologies and the business expert community, drew up a concept for the development of exports of principal agricultural products (grain, dairy, butter, meat and confectionery products) to promising markets of African countries. It is estimated to build on the total volume of exports to African countries, which in 2021 amounted to $33 billion.
“The African continent is an interesting and promising area for developing Russian food exports. However, when working in this market, it is important to take into account a number of factors: strong differences in the level of welfare of the population, political instability in some countries, state regulation of prices for a number of goods, et cetera,” Agroexport head Dmitry Krasnov was quoted as saying in the statement and reported by Russian media including the Interfax News Agency.
By increasing grain exports to countries in Africa, Russia aims to enhance the competitiveness of Russian agricultural goods in the African market. According to the business concept report, five African countries have been identified and chosen as target markets for the delivery of agricultural products. These are Angola, Cameroon, Ethiopia, Ghana, Kenya, Mauritius, Nigeria, Tunisia and South Africa.
In sharp contrast to food-importing African countries, Zimbabwe has increased wheat production, especially during this crucial time of the current Russia-Ukraine crisis. This achievement was attributed to efforts in mobilizing local scientists to improve the crop’s production. Zimbabwe is an African country that has been under Western sanctions for 25 years, hindering imports of much-needed machinery and other inputs from driving agriculture.
At the African Green Revolution Forum (AGRF) summit held in September in Rwanda, President Emmerson Mnangagwa told the gathering that “we used to depend on importation of wheat from Ukraine in the past, but we have been able to produce our own. So, the crisis in that country has not affected us. There is an urgent need to adopt a progressive approach and re-purpose food policies to address the emerging challenges affecting our entire food systems.”
There are various local efforts to attain food security on the continent. For instance, the African Development Bank’s (AfDB) African Emergency Food Production Facility (AEFPF) to increase the production of climate-adapted wheat, corn, rice, and soybeans over the next four growing seasons in Africa. The International Fund for Agricultural Development’s (IFAD) Crisis Response Initiative (CRI) helps protect livelihoods and build resilience in rural communities. The Africa Adaptation Initiative (AAI) to develop a pipeline of bankable projects in Africa to leverage private equity.
The Africa Risk Capacity (ARC) Africa Disaster Risk Financing Programme (ADRiFi) helps African governments to respond to food system shocks by increasing access to risk insurance products. A fertilizer efficiency and innovation program to enhance fertiliser use efficiency in countries where fertilizer tends to be over-applied. Support for the UN Food and Agriculture Organization (FAO) will fund soil mapping spanning multiple countries to provide information allowing for wiser water usage, greater fertilizer conservation, and improved climate resilience impacts.
Significant to note that during the business conference held at the Atlantic Council’s Africa Center on April 22, African Development Bank Group President Dr Akinwumi Adesina, speaking as a guest of the Washington, DC, US-based think tank, called for an increased sense of urgency amid what he described as a once-in-a-century convergence of global challenges for Africa, including a looming food crisis. The continent’s most vulnerable countries have been hit hardest by conflict, climate change and the pandemic, which upended economic and development progress in Africa.
Adesina said the ramifications of Russia’s invasion of Ukraine on Feb. 24 spread far beyond the conflict to other parts of the world, including Africa. Russia and Ukraine supply almost 30% of global wheat exports, and the price has surged nearly 50% globally, reaching levels reminiscent of the 2008 global food crisis.
Adesina said the tripling of fertilizer costs, rising energy prices and rising costs of food baskets, could worsen in Africa in the coming months. He noted that wheat made up 90% of Russia’s $4 billion in exports to Africa in 2020, and of Ukraine’s nearly $3 billion exports to the continent, 48% was wheat and 31% was maize.
Adesina said Africa must rapidly expand its production to meet food security challenges. “The African Development Bank is already active in mitigating the effects of a food crisis through the African Food Crisis Response and Emergency Facility, a dedicated facility being considered by the bank to provide African countries with the resources needed to raise local food production and procure fertilizer,” Adesina said. “My basic principle is that Africa should not be begging. We must solve our own challenges ourselves without depending on others…”
The bank chief spoke about early successes through the African Development Bank’s innovative flagship initiative, the Technologies for African Agricultural Transformation (TAAT) program, which operates across nine food commodities in more than 30 African countries. TAAT has helped to rapidly boost food production at scale on the continent, including the production of wheat, rice and other cereal crops.
“We are putting our money where our mouth is,” Adesina said. “We are producing more and more of our food. Our Africa Emergency Food Production Plan will produce 38 million metric tons of food.” He said TAAT already delivered heat-tolerant wheat varieties to 1.8 million farmers in seven countries, increasing wheat production by over 1.4 million metric tons and a value of $291 million. He added that during the drought in southern Africa in 2018 and 2019, TATT was able to help deploy heat-tolerant maize varieties, which were cultivated by 5.2 million households on 841,000 hectares.
In a similar argument and direction, the World Bank has also expressed worry over sub-Saharan African countries’ high expenditure on food imports that could be produced locally using their vast uncultivated lands and the devastating impact on budgets due to rising external borrowing. According to the bank, it is crucial to increase the effectiveness of current resources to expand and support local production, especially in agriculture and industry sectors during this crucial period of the Russia-Ukraine crisis.
In a press release titled – African Governments Urgently Need to Restore Macro-Economic Stability and Protect the Poor in a Context of Slow Growth, – High Inflation, the global lender said African governments spent 16.5 per cent of their revenues servicing external debt in 2021, up from less than 5 per cent in 2010. Eight out of 38 IDA-eligible countries in the region are in debt distress, and 14 are at high risk of joining them.
In late May 2022, the IMF and World Bank considered 16 low-income African countries at high risk of debt distress, while 7 countries – Chad, Republic of the Congo, Mozambique, São Tomé and Príncipe, Somalia, Sudan and Zimbabwe – were already in debt distress. Bright spots, such as Côte d’Ivoire and Rwanda, are expected to exhibit rapid growth in 2022, the report said. However, 33 African countries need external assistance for food, and acute food insecurity is likely to worsen in 18 of these economies in the next months.
With the above facts, African leaders have to demonstrate a higher level of commitment to tackling post-pandemic challenges and the Russia-Ukraine crisis that has created global economic instability and other related severe consequences. And this requires collaborative action and a much stronger pace of transformation to cater for the needs of the population of over 1.3 billion in Africa.
Máximo Torero, the chief economist of the Food and Agriculture Organization, has observed that African policies have relatively failed to alleviate food security problems. It has emphasised the fragility of over-dependence on a globalised agricultural system. To achieve a more integrated and regionalized agricultural system, coordinated public policy responses are needed to support agribusiness. These responses must ensure small and medium-sized farmers are included.
Action can be taken at a regional level too. And it would help identify issues relating to market access, border and transport-related problems, and possible anticompetitive behaviour. The integration of regional economies is one vehicle for alleviating pervasive food security issues. But regional integration can’t be achieved without the appropriate support for investment in production, infrastructure and capabilities.
An estimate suggests that rich Africans were holding a massive $500 billion in tax havens. Africa’s people are effectively robbed of wealth by an economy that enables a tiny minority of Africans to get rich by allowing wealth to flow out of Africa.
According to our basic research, Africa is not poor, as foreign players are stealing its wealth. But, there is $203 billion leaving the continent. Based on a set of new figures, sub-Saharan Africa is a net creditor to the rest of the world to the tune of more than $41 billion. Then there’s the $30 billion that these corporations repatriate – profits they make in Africa but send back to their home country or elsewhere to enjoy their wealth.
In an opinion article published in September by Foreign Policy in Focus, Imani Countess wrote that every year nearly $90 billion of African resources are lost to the global north in Illicit Financial Flows or IFFs. It isn’t just the Russians, but also U.S.-based corporations and others throughout the global north. Russians are flying an unprecedented huge quantity of gold out of Sudan and precious resources from the extractive industry out of the Central African Republic and Guinea.
According to him, “the financial mechanisms that facilitate illicit financial flows are complex, most often through opaque deals and contracts involving government officials. People in these plundered communities do not have a voice. They face harm to local biodiversity, loss of their livelihoods, and a lack of meaningful benefits, especially in providing sustainable development. The losses are breathtaking and heartbreaking, representing revenue that should be invested in sustainable development in Africa.”
Dr Richard Munang is UNEP’s Africa Regional Climate Change Programme Coordinator, and Ms Zhen Han is a doctoral student at Cornell University, wrote in a joint article that people living in extreme poverty in sub-Saharan Africa increased from 290 million in 1990 to 414 million in 2010. The region currently spends more than $35 billion on food imports annually.
Of the challenges currently facing the continent, climate change has greatly slowed down Africa’s progress towards MDGs, especially those related to eliminating hunger and poverty, improving human health and ensuring environmental sustainability. This is because climate change disproportionately affects the livelihoods of the most vulnerable population by increasing the occurrence of natural disasters, affecting the continuity of ecosystem functioning and the ecosystem services it provides. Climate change also damages the critical natural resources that vulnerable communities depend on.
Establishing food security is important for millions of people facing hunger in Africa and is crucial for sustainable economic development and the long-term prosperity of the continent. Therefore, addressing food security in a changing climate is key for a rising Africa in the 21st century. From the discussions above and various perspectives, African leaders have to focus and redirect both human and financial resources toward increasing local production, the surest approach to attain sustainable food security for the over 1.3 billion population in Africa, and this falls within the framework of the Agenda 2063 of the African Union.
World
BRICS Agenda, United States Global Dominance and Africa’s Development Priorities
By Kestér Kenn Klomegâh
Donald Trump has been leading the United States as its president since January 2025. Washington’s priority is to Make America Great Again (MAGA). Trump’s tariffs have rippled many economies from Latin America through Asian region to the continent of Africa. Trump’s Davos speech has explicitly revealed building a ‘new world order’ based on dominance rather than trust. He has also initiated whirlwind steps to annex Greenland, while further created the Board of Peace, aimed at helping end the two-year war between Israel and Hamas in Gaza and to oversee reconstruction. Trump is handling the three-year old Russia-Ukraine crisis, and other deep-seated religious and ethnic conflicts in Africa.
These emerging trends, at least in a considerable short term, are influencing BRICS which has increased its geopolitical importance, and focusing on uniting the countries in the Global East and Global South. From historical records, BRICS, described as non-western organization, and is loosing its coherence primarily due to differences in geopolitical interests and multinational alignments, and of course, a number of members face threats from the United States while there are variations of approach to the emerging worldwide perceptions.
In this conversation, deputy director of the Center for African Studies at Moscow’s National Research University High School of Economics (HSE), Vsevolod Sviridov, expresses his opinions focusing on BRICS agenda under India’s presidency, South Africa’s G20 chairmanship in 2024, and genegrally putting Africa’s development priorities within the context of emerging trends. Here are the interview excerpts:
What is the likely impact of Washington’s geopolitics and its foreign policy on BRICS?
From my perspective, the current Venezuela-U.S. confrontation, especially Washington’s tightened leverage over Venezuelan oil revenue flows and the knock-on effects for Chinese interests, will be read inside BRICS as a reminder that sovereign resources can still be constrained by financial chokepoints and sanctions politics. This does not automatically translate into BRICS taking Venezuela’s side, but it does strengthen the bloc’s long-running argument for more resilient South-South trade settlement, diversified energy chains, and financing instruments that reduce exposure to coercive measures, because many African and other developing economies face similar vulnerabilities around commodities, shipping, insurance, and correspondent banking. At the same time, BRICS’ expansion makes consensus harder: several members maintain significant ties with the U.S., so the most likely impact is a technocratic push rather than a loud political campaign.
And highlighting, specifically, the position of BRICS members (South Africa, Ethiopia and Egypt, as well as its partnering African States (Nigeria and Uganda)?
Venezuela crisis urges African members to demand that BRICS deliver usable financial and trade tools. For South Africa, Ethiopia, and Egypt, the Venezuela case is more about the precedent: how quickly external pressure can reshape a country’s fiscal room, debt dynamics, and even investor perceptions when energy revenues and sanctions compliance collide. South Africa will likely argue that BRICS should prioritize investment, industrialization, and trade facilitation. Ethiopia and Egypt, both debt-sensitive and searching for FDI, will be especially attentive to anything that helps de-risk financing, while avoiding steps that could trigger secondary-sanctions anxieties or scare off diversified investors.
Would the latest geopolitical developments ultimately shape the agenda for BRICS 2026 under India’s presidency?
India’s 2026 chairmanship is already framed around “Resilience, Innovation, Cooperation and Sustainability,” and Venezuela’s shock (paired with broader sanction/market-volatility lessons) will likely sharpen the resilience part. From an African perspective, that is an opportunity: South Africa, Ethiopia, and Egypt can press India to translate the theme into deliverables that matter on the ground: food and fertilizer stability, affordable energy access, infrastructure funding. India, in turn, has incentives to keep BRICS focused on economic problem-solving rather than becoming hostage to any single flashpoint. So the Venezuela episode may function as a cautionary case study that accelerates practical cooperation where African members have the most to gain. And I would add: the BRICS agenda will become increasingly Africa-centered simply because Africa’s weight globally is rising, and recent summit discussions have repeatedly highlighted African participation as a core Global South vector. South Africa’s G20 chairmanship last year explicitly framed around putting Africa’s development priorities high on the agenda, further proves this point.
World
Afreximbank Terminates Credit Relationship With Fitch Amid Rating Tension
By Adedapo Adesanya
African Export-Import Bank (Afreximbank) has has officially terminated its credit rating relationship with Fitch Ratings, indicating friction between both firms.
According to a statement on Friday, the Cairo-based African lender said the decision follows a review of the relationship, and its firm belief that the credit rating exercise no longer reflects a good understanding of the bank’s Establishment Agreement, its mission, and its mandate.
“Afreximbank’s business profile remains robust, underpinned by strong shareholder relationships and the legal protections embedded in its Establishment Agreement, signed and ratified by its member states,” the statement added.
Business Post reports that Fitch had cut Afreximbank’s credit rating to one notch above ‘junk’ Status last year and currently has it on a ‘negative outlook’, which is a rating agency’s terminology for another downgrade warning.
Lower rating means higher borrowing costs for Afreximbank, which could directly impact its ability to lend and the low rates at which it does so.
Recall that Fitch in its report published in June 2025, had estimated Afreximbank’s non-performing loans at 7.1 per cent by the end of 2024, exceeding Fitch’s 6 per cent “high risk” threshold.
The African Peer Review Mechanism (APRM) contested Fitch’s assessment and argued that Fitch confused loan restructuring requests from South Sudan, Zambia, and Ghana by considering them as defaults, claiming this was inconsistent with the 1993 treaty establishing Afreximbank.
African policymakers have raised worries about the ratings by foreign rating agencies like Fitch, Moody’s, and S&P among others. This has increased call for an African focused agency, which is expected to have commenced but continues to face delays.
World
Putin Receives New Foreign Ambassadors in Bolshoi Kremlin Palace
By Kestér Kenn Klomegâh
The geopolitical situation and the economic architecture are rapidly changing, creating new conditions for Russia to get committed to the ideals of a multipolar world, President Vladimir Putin said at a ceremony to receive diplomatic credentials from newly appointed foreign ambassadors in Alexandrovsky Hall of the Bolshoi Kremlin Palace.
“Our country has always pursued and will continue to pursue a weighted, constructive foreign policy course that takes into account both Russia’s national interests and the objective global development trends. With all partners interested in cooperation, we are set to maintain truly open and mutually beneficial relations, deepening ties in politics, economy, and humanitarian sphere,” Putin emphasized in his speech.
For Putin, Russia is ready to work with countries that are strategic partners, with whom it is united by friendship, cooperation and mutual support and with whom it is ready to work together in international business structure.
In the Kremlin was a large group of ambassadors from African countries: Somalia, Gabon, Senegal, Rwanda, Mauritania, Algeria, Ghana and Namibia who Putin received in the official ceremony, noted particularly that “Russia is connected with all the states of the continent by the relationship of genuine partnership, support and mutual benefit.”
According to him, the foundations of these relationships were laid back during the struggle of African peoples for freedom and political independence. And Russia has made a significant contribution to the liberation of African countries from colonial rule, contributed tremendously to attaining their statehood, and to the development of national economies, social sphere, and training and education.
Russia was and remains committed to such approaches and is ready to restore the necessary level of relations. With heightening of new global trends, Russia invariably aims to expand mutual political, economic and humanitarian contacts. Russia will continue to provide assistance to Africans in their quest for development, for active participation in international affairs.
These issues were discussed at the Russian-African summits in Sochi and St. Petersburg, at the meeting of the Russian-African Foreign Ministers’ Partnership Forum in Cairo, Egypt. Russia and Africa are both preparing to hold this year’s regular, the third Russia-Africa summit.
In general, Russia is open to mutually beneficial cooperation with all countries. And naturally, are interested in making the activity of each of the ambassadors as effective as possible. With useful initiatives proposed by ambassadors will receive support from the Russian leadership, executive authorities, entrepreneurs and civil society. “Let me wish you success and all the best in your work,”concluded Putin.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism9 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn











