World
Russia’s ‘Return to Africa’ Sparks Policy Controversy
By Kestér Kenn Klomegâh
During Africa Day, celebrated annually on May 25th, Russia’s Deputy Foreign Minister Mikhail Bogdanov reiterated that Moscow’s decision to return to Africa is strategic due to the geopolitical changes, and its return has become a popular post-Soviet slogan in Russia’s establishment. The second Russia-Africa summit in St. Petersburg, due in July, is a strategic decision by Moscow concerning its long-term goal of regaining presence on the continent, Russia’s Deputy Foreign Minister Mikhail Bogdanov told the local Russian media TASS.
“This is not a one-time event. It is a strategic decision. It is our long-term policy and practice under the slogan of Russia’s return to Africa. Of course, after the collapse of the Soviet Union, some things were lost. There was stagnation in our relations. Some embassies were closed. Now we are actively working to reopen and restore the work of our embassies,” said Bogdanov.
Extensively speaking on several questions with the media on the eve of Africa Day, the Russian diplomat noted that some African countries were more dependent on Western aid than others, but Russia was not imposing anything on anyone because it proceeded from the sovereign equality of the UN member states. Moscow’s role is to help African countries in the UN Security Council and other UN structures, as well as on a bilateral basis, Bogdanov explained.
“In principle, we have equal, good relations with all countries. With some, of course, they are more advanced,” he added and wished African friends, especially on Africa Day, stronger sovereignty and further development so that economic opportunities support this sovereignty. This will let them strengthen political sovereignty in accordance with their genuine national interests and not listen to some outside noise,” Bogdanov said.
What is referred to as Africa Day is celebrated on May 25, the day on which the Organization of African Unity (now the African Union) was established in 1963. Until 2002, when the organization was transformed, it had been Africa Liberation Day. The African Union’s headquarters are located in Addis Ababa, Ethiopia.
According to official sources, Mikhail Bogdanov is the Russian President’s Special Presidential Representative for the Middle East and Africa, Deputy Foreign Affairs Minister of the Russian Federation. He has served as Deputy Foreign Minister since June 2011, as Special Presidential envoy for the Middle East since January 2012, and as Special Presidential envoy for the Middle East and Africa since October 2014.
In practical terms, Deputy Foreign Minister Mikhail Bogdanov’s critical assessment of Russia’s return to Africa, the goals of signing several bilateral agreements which remain unimplemented, decades-old pledges and promises undelivered, anti-Western rhetoric and hyperbolic criticisms of foreign players which form the main component of Russia’s policy – these indicating the slogan of Russia’s return to Africa. Beyond its traditional rhetoric of Soviet-era assistance rendered to sub-Saharan African countries, Russia has little to show as post-Soviet achievements in contemporary Africa.
At least, Chinese President Xi Jinping and his Foreign Minister Qin Gang have indicated on their side that Africa is not the field for confrontation but rather the field for cooperation to uplift its development to an appreciable level. China has heavily invested in developing infrastructure in different economic sectors. Its slogan ‘win-win’ cooperation and ‘share common future’ have shown visible results across Africa.
During these past years, there have been several meetings of various bilateral intergovernmental commissions and conferences both in Moscow and in Africa. Official visits to and from proliferate only end up with the display of eternal passion for signing documents called Memoranda of Understandings and bilateral agreements with African countries. From the highly-praised historic first summit held in 2019, there are 92 agreements.
Currently, the signs for Russia-African relations are impressive – declarations of intentions have been made, and a lot of important bilateral agreements signed; now it remains to be seen how these intentions and agreements entered into over these years will be implemented in practice, argued Professors Vladimir Shubin and Alexandra Arkhangelskaya from the Institute for African Studies.
“The most significant positive sign is that Russia has moved away from its low-key strategy to strong relations, and authorities are seriously showing readiness to compete with other foreign players. But, Russia needs to find a strategy that reflects the practical interests of Russian business and African development needs,” said Arkhangelskaya, a Lecturer at the Moscow High School of Economics.
Several authentic research reports have criticised Russia’s policy in Africa. As expected, those weaknesses were compiled and incorporated in the ‘Situation Analytical Report’ by 25 policy researchers headed by Professor Sergey Karaganov, Faculty Dean at Moscow’s High School of Economics. This 150-page report was presented in November 2021, offering new directions and recommendations for improving policy methods and approaches with Africa.
With about 1.3 billion people, Africa is a potential market for all consumable goods and services. In the coming decades, there will be accelerated competition between or among external players over access to resources and economic influence in Africa. Despite the growth of external players’ influence and presence in Africa, says the report, Russia has to intensify and redefine its parameters as it has now transcended to the fifth stage. Russia’s Africa policy is roughly divided into four periods, previously after the Soviet collapse in 1991.
Now in the fifth stage, still marking time to leverage to the next when it would begin to show visible results. While the number of high-level meetings has increased, the share of substantive issues on the agenda remains small. There are few definitive results from such various meetings and conferences. Apart from the absence of a public strategy for the continent, there is a shortage of qualified personnel and a lack of coordination among various state and para-state institutions working with Africa. The report lists insufficient and disorganized Russian-African lobbying, combined with the lack of “information hygiene” at all levels of public speaking, among the main flaws of Russia’s current African policy.
Another policy report, titled ‘Ways to Increase the Efficiency of Russia’s African Strategy under the Crisis of the Existing World Order’ (ISSN 1019-3316, Herald of the Russian Academy of Sciences, 2022), co-authored by Professors Irina O. Abramova and Leonid L. Fituni castigated or reprimanded authorities who are squeezed between illusions and realities with policy ambitions in Africa. Against the backdrop of geopolitical changes and great power competition, Russian authorities need to have an insight/understanding into the practical investment and economic possibilities on the continent.
The authors said that: “It is time for Russia, which over the past 30 years has unsuccessfully sought to become part of the West, to abandon illusions and reconsider its foreign economic and policy strategy, reorienting itself to states that are turning from outsiders into significant players in the international political and economic space and are willing to interact with our country on a mutually beneficial and equal basis.”
In addition, the report underlined the fact that Russia’s elite demonstrates a somewhat arrogant attitude toward Africa. High-ranking officials have often used the phrase ‘We (that is, Russia) are not Africa’ to oppose attempts at changing the status quo to change the approach toward Africa. Despite the thoughtless imposition of the idea that Africa is the most backward and problematic region of the world in Russian public opinion, qualified Africanists – including Western experts, call Africa the continent of the 21st century: attributing this to the stable growth rates of the African economy over the past 20 years, and the colossal resource and human potential of the African region.
The report acknowledges the fact that African countries consider Russia as a reliable economic partner, and it is necessary to interact with African public and private businesses on a mutually beneficial basis. In this regard, Russian initiatives should be supported by real steps and not be limited to verbal declarations about the “return of Russia to Africa,” especially after the Sochi gathering, which was described as very symbolic.
The authors, however, warned that due to the failure on Russia’s side to show financial commitment, African leaders and elites from the Anglophone, Francophone and Lusophone nations will still be loyal and inseparably linked by nostalgic post-colonial master relationships. And this relates to the furtherance of economic investment and development, education and training – all to be controlled by the former colonial powers as African leaders choose development partners with funds to invest in the economy.
South African Institute of International Affairs (SAIIA) has its latest policy report on Russia-African relations. It shows the dimensions of Russian power projection in Africa and new frontiers of Russian influence and provides a roadmap towards understanding how Russia is perceived in Africa. It highlights narratives about anti-colonialism and describes how Russian elites transmit these sources of solidarity to their African public. To seek long-term influence, Russian elites have often used elements of anti-colonialism as part of the current policy to control the perceptions of Africans and primarily as new tactics for power projection in Africa.
The reports delved into the historical fact that after the collapse of the Soviet era, already over three decades, Russia is resurgent in Africa. While Russia has been struggling to make inroads into Africa these years, the only symbolic event was the first Russia-Africa summit held in Sochi, which fêted heads of state from 43 African countries and showcased Moscow’s great power ambitions.
The authors further wrote that “Russia’s growing assertiveness in Africa is a driver of instability and that its approach to governance encourages pernicious practices, such as kleptocracy and autocracy promotion, and the dearth of scholarship on Moscow’s post-1991 activities in Africa is striking.” Records further show that Russia kept a low profile for two decades after the Soviet collapse. Russia’s expanding influence in Africa is compelling, but further examination reveals a murkier picture. Despite Putin’s lofty trade targets, Russia’s trade with Africa is just $20 billion, lower than that of India or Turkey.
In the context of a multipolar geopolitical order, Russia’s image of cooperation could be seen as highly enticing, but it is also based on illusions. Better still, Russia’s posture is a clash between illusions and reality. “Russia, it appears, is a neo-colonial power dressed in anti-colonial clothes,” says the report. Simply put, Moscow’s strategic incapability, inconsistency and dominating opaque relations are adversely affecting sustainable developments in Africa. Thus far, Russia looks more like a ‘virtual great power’ than a genuine challenger to European, American and Chinese influence.
Of course, Russian-African relations have been based on long-standing traditions of friendship and solidarity, created when the Soviet Union supported the struggle of African peoples against colonialism. Since Africans are struggling to transform their economy and take care of the 1.3 billion population, the bulk is still impoverished. African leaders must remember their election campaign pledges made to the electorate while still holding political power.
Unlike Western countries, European Union members and Asian countries, which focus particularly on what they want to achieve with Africa, Russia places the anti-colonial fight at the core of its policy. In short, Russia knows what it wants from the continent: access to markets, political support against Ukraine and general influence in the continent. It is time for African leaders to clarify what it wants concretely from Russia during the July 2023 Russia-Africa summit.
World
Russian Researchers Roadmap Africa’s Investment Sectors for Entrepreneurs
By Kestér Kenn Klomegâh
The Centre for Transition Economy Studies of the Institute for African Studies of the Russian Academy of Sciences held a two-day scientific conference under the theme: “Industrial Development Strategies of African Countries” on March 18-19. The conference was opened by Professor Irina Abramova, Director of the Institute for African Studies. More than 40 researchers and experts from Russia, South Africa, Nigeria, Egypt and North Macedonia took part in the event.
The conference focused on a wide range of significant issues related to Africa’s industrial development, the modernisation of the African production base, and the potential for Russian-African cooperation. The in-person part of the conference focused on the development of the manufacturing and extractive industries, special economic zones, energy and transport infrastructure, digitalisation, and the agro-industrial complex. The second day of the conference was conducted as an online discussion in English, featuring African colleagues on the localisation of production chains in Africa, covering both agricultural and mineral processing.
Topics of the Conference included:
- Continental, regional and national programs and plans of industrial development in Africa. Prospects of continental and regional production chains.
- Study of the manufacturing market in African countries: manufacturing and agro-industrial complexes
- Energy, transport, and digitalisation: necessary infrastructure for industrial development.
- Interests of Multinational Corporations in Africa: conditions, forms of activities and geographical distribution. The role of free economic zones.
- Government policy regarding Multinational Corporations and control over export-import flows.
- The role of international organisations and activities of external actors.
- Possible areas and prospects for expanding mutually beneficial cooperation for Russian companies in Africa.
Experts in African studies from Russia, as well as representatives of the Russian government and business circles involved in trade and economic cooperation with African countries, actively participated. One of the significant outputs presented at the plenary session of the conference was the full-text on the African Development Strategy database created by Professors D. A. Degterev and A. D. Novikov, together with the staff of the IAS. The database covers more than 400 official strategic planning documents across 53 countries on the continent for the period 1997–2025. It systematises them under six thematic areas: long-term and medium-term development strategies, industrial policy, ICT, agriculture and the water sector.
The plenary session featured nine reports covering key dimensions of Africa’s industrial development. There were issues of trade and industrial potential of the continent that were highlighted in the report on the export specificity of African machine-building industries: based on ITC Trade Map data (2019–2024) that shows duties of South Africa, Tunisia, and industrial production, including on intracontinental markets.
Institutional mechanisms of Russian-African economic cooperation were reviewed in the report on the activities of Intergovernmental Commissions: the number of these ICC increased from four (4) in 2023 to nine (9) in 2025, and the volume of investment funds to support African projects is planned to increase, at least, to Rouble 5 billion for 2026–2027.
The conceptual dimension of financing industrialisation was presented through a critique of universal Western narratives and the justification for the need for an “application finance strategy”—a country model that takes into account the economy of Africa. Practical aspects of Russia’s investment presence in Africa are characterized on the example of projects in the countries of the Alliance of Sahel States (AES) with an emphasis on the specific risks of the subregion (DM Sinitsyn, VEB.RF). Digitalisation and artificial intelligence development in sub-Saharan African countries were also analysed and presented at the conference.
Russian-African cooperation in the field of technologies and education was covered in the reports on the transfer of agrobiotechnologies through the Afro-Russian Centre for Technology Development in Kampala, within which, in 2025/2026, this period, in which concretely 467 citizens of African countries were trained in Russian universities (NA Goncharova, FGBU “Agroexport”).
The competitive struggle of foreign players for African markets and the possibilities of Russian participation were considered in the reports on the position of the continent on the world energy markets, supplies of ground vehicles, and activities of pharmaceuticals for Africa. The digital dimension of industrialisation was covered by the reports on the cyber potential of West Africa, the formation of data processing centres in the industrial strategy of South Africa, and the digitalisation strategies of Algeria and Morocco.
The theme of most speeches, at the conference, became a reflection on the ‘disconnection’ between the proclaimed goals of industrialisation and the actual structure of African economies: despite the widespread proliferation of pre-national strategic documents, industries in the continent’s total GDP has not exceeded 10–12% for more than two decades, and exports still comprise mainly unprocessed raw materials.
In this regard, a number of reports justify the need to transition from external financial models formed by international organisations to sovereign country strategies based on state political, industrial and human resources. Global South—including, to deepen Russian-African cooperation in the spheres of technology, education and investment.
A collective monograph is, however, planned for publication following the conference. The event included the presentation of the full-text database on African development strategies, prepared by the team of the Institute for African Studies of the Russian Academy of Sciences.
World
Court Finds Lafarge, Eight ex-Employees Guilty of Terrorism Financing
By Aduragbemi Omiyale
A court in Paris, France, has found notable French cement manufacturer, Lafarge, and eight of its former employees guilty of terrorism financing.
Delivering the judgment on Monday, Judge Isabelle Prevost-Desprez held that Lafarge paid some members of the Islamic State (IS or ISIS) in Syria about $6.5 million (€5.59 million; £4.83 million) between 2013 and 2014 to protect its plant operating in northern Syria.
The court said this action provided oxygen for the terror group to operate and carry out its violent acts.
The former chief executive of the company, Mr Bruno Lafont, was also found complicit and has been sentenced to six years.
“It is clear to the court that the sole purpose of the funding of a terrorist organisation was to keep the Syrian plant running for economic reasons. Payments to terrorist entities enabled Lafarge to continue its operations,” the judge said, adding that, “These payments took the form of a genuine commercial partnership with IS.”
The factory in Jalabiya, northern Syria, was bought by Lafarge in 2008 for $680 million and began operations in 2010, months before the civil war began in March 2011, following opposition to then-president Bashar al-Assad’s brutal repression of anti-government protests.
ISIS jihadists seized large swathes of Syria and neighbouring Iraq in 2014, declaring a so-called cross-border “caliphate” and implementing their brutal interpretation of Islamic law.
To keep its plant running and protect its employees, Lafarge, between 2013 and September 2014, paid about €800,000 to secure safe passage and €1.6 million to purchase source materials from quarries under the control of the jihadist groups.
According to the BBC, Lafarge acknowledged the court’s finding, which it said “concerns a legacy matter involving conduct that occurred more than a decade ago and was in flagrant violation of Lafarge’s code of conduct,” describing the decision as an “important milestone” in the company’s actions to “address this legacy matter responsibly.”
World
Afreximbank Grows Assets to $48.5bn as Profit Hits $1.2bn
By Adedapo Adesanya
African Export-Import Bank (Afreximbank) has posted a robust financial performance for the 2025 financial year, with total assets and contingencies climbing to $48.5 billion.
This further shows its growing influence in financing trade and development across Africa and the Caribbean.
The Cairo-based multilateral lender, in its audited results released on April 9, reported a 21 per cent surge in total assets from $40.1 billion in 2024, underscoring sustained balance sheet expansion despite global economic headwinds and rating concerns.
Net loans and advances rose by 16 per cent to $33.5 billion, driven by strong disbursements into critical sectors including manufacturing, infrastructure, food security and climate adaptation, areas seen as pivotal to Africa’s long-term economic resilience.
Profitability remained strong, with net income climbing 19 per cent to $1.2 billion, up from $973.5 million in the previous year. Gross income also edged higher by 6.06 per cent to $3.5 billion, reflecting steady revenue growth supported by the bank’s expanding portfolio of trade finance and advisory services.
Afreximbank maintained solid asset quality, with its non-performing loan (NPL) ratio at 2.43 per cent, broadly stable compared to 2.33 per cent in 2024. This performance highlights disciplined risk management even as lending volumes increased across diverse markets.
Liquidity remained a key strength. Cash and cash equivalents rose significantly to $6.0 billion from $4.6 billion, while liquid assets accounted for 14 per cent of total assets, comfortably above the bank’s internal minimum threshold of 10 per cent.
Shareholders’ funds grew 17 per cent to $8.4 billion, supported by the strong profit outturn and fresh equity inflows of $299.4 million under its General Capital Increase II programme. The bank’s capital adequacy ratio stood at 23 per cent, well above regulatory benchmarks, providing a solid buffer for future growth.
Operating expenses increased to $459.2 million from $367.7 million, reflecting staff expansion and inflationary pressures. However, Afreximbank retained cost discipline, with a cost-to-income ratio of 21 per cent, still significantly below its 30 per cent ceiling.
The bank successfully tapped international capital markets, raising over $800 million through Samurai and Panda bond issuances in Japan and China during the year. The move helped counter concerns raised by some rating agencies and reaffirmed Afreximbank’s strong funding access and credibility.
Commenting on the results, Senior Executive Vice President, Mrs Denys Denya, said the performance reflects resilience and strategic execution amid a challenging global environment.
“Despite continuing global geopolitical challenges and disruptions caused by some rating actions, the Group delivered excellent financial performance in 2025,” he said.
He noted that the results cap a decade of transformative leadership under the erstwhile President, Mr Benedict Oramah, with the bank already ahead of most targets under its Sixth Strategic Plan, which runs through 2026.
Mr Denya added that newer subsidiaries, including the Fund for Export Development in Africa (FEDA) and AfrexInsure, are now profitable, contributing to earnings growth and strengthening the group’s diversified structure.
“The Group’s balance sheet is at its strongest level ever, with liquidity levels and capitalisation well above target and good asset quality,” he said.
Afreximbank said it is entering the 2026 financial year with strong momentum, positioning itself to scale impact, deepen trade integration and drive value addition across “Global Africa.”
Return metrics remained stable, with return on average equity at 15 per cent and return on average assets improving slightly to 3.04 per cent, signalling efficient use of capital.
With a fortified balance sheet, rising profitability and sustained investor confidence, Afreximbank said it is firmly on track to consolidate its role as a key engine of trade-led growth across the continent.
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