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Towards the First All-African Conference in Sochi

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RussiaCalling

By Kester Kenn Klomegah

As Russia prepares to strengthen its overall corporate economic profile during the African leaders’ summit, policy experts are questioning bilateral agreements that were signed, many of them largely remained unimplemented, at least, for the past decade with various African countries.

Experts, such as Professors Vladimir Shubin and Alexandra Arkhangelskaya, Institute for African Studies in Moscow, have argued that Russia needs to be more strategic in aligning its interests, and be more proactive with instruments and mechanisms in promoting economic cooperation in order to reap the benefits of a fully-fledged partnership.

“The most significant positive sign is that Russia has moved away from its low-key strategy to vigorous relations, and authorities are seriously showing readiness to compete with other foreign players. But, Russia needs to find a strategy that really reflects the practical interests of Russian business and African development needs,” said Arkhangelskaya, who is also a Senior Lecturer at the Moscow High School of Economics.

Currently, the signs for Russian-African relations are impressive – declarations of intentions have been made, important bilateral agreements signed – now it remains to be seen how these intentions and agreements entered into previously will be implemented in practice, she pointed out in the interview.

The revival of Russia-African relations have to be enhanced in all fields. Obstacles to the broadening of Russian-Africa relations have to be addressed more vigorously. These include, in particular, the lack of knowledge or information in Russia about the situation in Africa, and vice versa, suggested Arkhangelskaya.

In his opinion, Professor Shubin, Deputy Director of the Institute for African Studies under the Russian Academy of Sciences, reiterated: “Russia is not doing enough to communicate to the broad public, particularly in Africa, true information about its domestic and foreign policies as well as the accomplishments of Russian culture, the economy, science and technology in order to form a positive perception of Russia abroad and a friendly attitude towards it as stated by the new Concept of the Foreign Policy.

Fyodor Lukyanov, Chairman of the Presidium of the Council on Foreign and Defense Policy, Research Director at the Valdai International Discussion Club and Editor-in-Chief of the Russia in Global Affairs journal – the most authoritative source of expertize on Russian foreign policy and global developments – has acknowledged that Chinese strategy in Africa is about to get access to resources, vitally important for Chinese development. To achieve this, Beijing use all leverage, including soft power, technical and economic assistance, political support to leaders of African countries (be it Zimbabwe’s Mugabe or Sudan’s Bashir).

“Russia has not similar need to gain African resources, so there is no motivation to develop such a comprehensive approach. We can identify many aspects of Chinese experience which would be useful to learn, but looking realistically I don’t think Russia will ever do it,” Lukyanov wrote in an emailed interview.

The media and NGOs should make big efforts to increase the level of mutual knowledge, which can stimulate interest for each other and lead to increased economic interaction as well, he suggested and added that “soft power has never been a strong side of Russian policy in the post-Soviet era.”

London based Business Consultant and Director, Irina Awote, explained in an emailed interview that increasingly, the African continent is witnessing a surge in the number of infrastructure and investment deals requiring a combination of both internal and external financing, increased capital for expansion. And indeed, she says Russia has to demonstrate its preparedness for all these.

After the collapse of the Soviet Union, Russia primarily focused on building and strengthening its internal economy, she explained.  Awote, however, added “today, the Russian economy and Russian industries have come a long way since the Soviet collapse – the Russian economy is a lot stronger than in the first two decades following the Soviet collapse, at the same time many Russian enterprises have since evolved and developed, many through partnerships with international organizations.”

As such, there has been, for a long time, interest from Russia to revive its old economic ties with Africa. Russia and Russian enterprises are in a much stronger position to capitalize on this opportunity than a few decades ago. At the same time, not ignoring the fact that the continued economic sanctions imposed by the West, has made Russia reinforce its strategic partnerships with other regions, and especially Africa where they have had good historical ties from the Soviet era, according Irina Awote.

Late July, Bogdanov held talks with the President of Burkina Faso, Roch Marc Christian Kaboré and further discussed about military-technical cooperation while meeting with the Minister of National Defense and Veteran Affairs, Moumina Sheriff Sy, Minister for Foreign Affairs and International Cooperation of Burkina Faso, Alpha Barry, and Vice-President of the National Assembly of Burkina Faso, K. Traore.

Reports indicated that Moscow and Ouagadougou had agreed to further develop the entire range of relations including deepening the political dialogue, expanding trade and economic cooperation, promoting promising mutually beneficial projects, strengthening partnerships in the areas of developing mineral resources, energy, transport and agriculture.

Working with Sierra Leone has been on the table for years. Quite recently, Bogdanov and Deputy Minister of Foreign Affairs and International Cooperation of the Republic of Sierra Leone Solomon Jamiru also held diplomatic talks, rounded up the discussion on fishing ventures, military-technical cooperation and the forthcoming Russia-Africa Summit.

On Aug 1, while attending the official inauguration of the new leader in Mauritania, Bogdanov used the opportunity to discuss about current relations with President Mohamed Ould Ghazouani. The President of Mauritania elected on June 22, 2019. Both agreed on ways for strengthening aspects the existing relations. An official report says the common interest of Moscow and Nouakchott is giving additional dynamics to the development of mutually beneficial cooperation in various fields, primarily in the field of marine fishing and the development of natural resources, as well as the personnel training in Russia.

Over the past two to three months, Bogdanov has met with nearly all African ambassadors accredited in the Russian Federation. The key issue here is to explore opportunities for expected stronger collaboration and dialogue them on African leaders’ and business people’s participation in the upcoming Sochi Summit.

According to the official information posted to the ministry’s website, Minister Bogdanov during these high-level meetings described 2019 as a momentous year for Russian-African relations, and the culmination of all activities would see the first full-format Summit and Economic Forum, on the sidelines of which a number of new bilateral and multilateral agreements are expected to be signed.

About 35 leaders of African countries have officially confirmed their participation in the Russia-Africa Summit, according to Bogdanov. “Almost all of them want to come. About 35 leaders have officially confirmed their participation. I believe at least 40 leaders will come. We do feel our partners’ commitment and their keen interest.”

Since his appointment in 2004, Foreign Minister Sergey Lavrov has distinctively done a lot for Africa. Speaking in an exclusive interview as far back on October 21, 2011, (simultaneously with the Voice of Russia, the Echo of Moscow and the Radio of Russia) Foreign Minister Sergey Lavrov informed listeners that “the main thing is to develop mutual economic ties, something that is yet to be implemented as far as our relations with African nations are concerned.”

Now, the situation is gradually changing. The Russia-Africa summit will be the first in a series of activities under the aegis and direction of the Russian Ministry of Foreign Affairs, the Russian Ministry of Energy, the Russian Ministry of Economic Development, as well as legislative bodies and public organizations. During the past decades, a number of foreign countries notably China, the United States, European Union, India, France, Turkey, Japan, and South Korea have held such gatherings in that format.

This first Russia-Africa summit is expected to enhance mutual multifaceted ties, reshape diplomatic relationships and significantly rollout ways to increase effectiveness of cooperation between Russia and Africa. The idea to hold a Russia-Africa forum first initiated by President Vladimir Putin at the BRICS (Brazil, Russia, India, China and South Africa) summit in Johannesburg in July 2018.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Today’s Generation of Entrepreneurs Value Flexibility, Autonomy—McNeal-Weary

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Tonya McNeal-Weary Today's Generation of Entrepreneurs

By Kestér Kenn Klomegâh

The Young African Leaders Initiative (YALI) is the United States’ signature step to invest in the next generation of African leaders. Since its establishment in 2010 by Obama administration, YALI has offered diverse opportunities, including academic training in leadership, governance skills, organizational development and entrepreneurship, and has connected with thousands of young leaders across Africa. This United States’ policy collaboration benefits both America and Africa by creating stronger partnerships, enhancing mutual prosperity, and ensuring a more stable environment.

In our conversation, Tonya McNeal-Weary, Managing Director at IBS Global Consulting, Inc., Global Headquarters in Detroit, Michigan, has endeavored to discuss, thoroughly, today’s generation of entrepreneurs and also building partnerships as a foundation for driving positive change and innovation in the global marketplace. Here are the excerpts of her conversation:

How would you describe today’s generation of entrepreneurs?

I would describe today’s generation of entrepreneurs as having a digital-first mindset and a fundamental belief that business success and social impact can coexist. Unlike the entrepreneurs before them, they’ve grown up with the internet as a given, enabling them to build global businesses from their laptops and think beyond geographic constraints from day one. They value flexibility and autonomy, often rejecting traditional corporate ladders in favor of building something meaningful on their own terms, even if it means embracing uncertainty and financial risk that previous generations might have avoided.

And those representing the Young African Leaders Initiative, who attended your webinar presentation late January 2026?

The entrepreneurs representing the Young African Leaders Initiative are redefining entrepreneurship on the continent by leveraging their unique perspectives, cultural heritage, and experiences. Their ability to innovate within local contexts while connecting to global opportunities exemplifies how the new wave of entrepreneurs is not confined by geography or conventional expectations.

What were the main issues that formed your ‘lecture’ with them, Young African Leaders Initiative?

The main issues that formed my lecture for the Young African Leaders Initiative were driven by understanding the importance of building successful partnerships when expanding into the United States or any foreign market. During my lecture, I emphasized that forming strategic alliances can help entrepreneurs navigate unfamiliar business environments, access new resources, and foster long-term growth. By understanding how to establish strong and effective partnerships, emerging leaders can position their businesses for sustainable success in global markets. I also discussed the critical factors that contribute to successful partnerships, such as establishing clear communication channels, aligning on shared goals, and cultivating trust between all parties involved. Entrepreneurs must be proactive in seeking out partners who complement their strengths and fill gaps in expertise or resources. It is equally important to conduct thorough due diligence to ensure that potential collaborators share similar values and ethical standards. Ultimately, the seminar aimed to empower YALI entrepreneurs with practical insights and actionable strategies for forging meaningful connections across borders. Building successful partnerships is not only a pathway to business growth but also a foundation for driving positive change and innovation in the global marketplace.

What makes a ‘leader’ today, particularly, in the context of the emerging global business architecture?

In my opinion, a leader in today’s emerging global business architecture must navigate complexity and ambiguity with a fundamentally different skill set than what was previously required. Where traditional leadership emphasized command-and-control and singular vision, contemporary leaders succeed through adaptive thinking and collaborative influence across decentralized networks. Furthermore, emotional intelligence has evolved from a soft skill to a strategic imperative. Today, the effective modern leader must possess deep cross-cultural intelligence, understanding that global business is no longer about exporting one model worldwide but about genuinely integrating diverse perspectives and adapting to local contexts while maintaining coherent values.

Does multinational culture play in its (leadership) formation?

I believe multinational culture plays a profound and arguably essential role in forming the kind of leadership required in today’s global business environment. Leaders who have lived, worked, or deeply engaged across multiple cultural contexts develop a cognitive flexibility that’s difficult to replicate through reading or training alone. More importantly, multinational exposure tends to dismantle the unconscious certainty that one’s own way of doing things is inherently “normal” or “best.” Leaders shaped in multicultural environments often develop a productive discomfort with absolutes; they become more adept at asking questions, seeking input, and recognizing blind spots. This humility and curiosity become strategic assets when building global teams, entering new markets, or navigating geopolitical complexity. However, it’s worth noting that multinational experience alone doesn’t automatically create great leaders. What matters is the depth and quality of cross-cultural engagement, not just the passport stamps. The formation of global leadership is less about where someone has been and more about whether they’ve developed the capacity to see beyond their own cultural lens and genuinely value differences as a source of insight rather than merely tolerating them as an obstacle to overcome.

In the context of heightening geopolitical situation, and with Africa, what would you say, in terms of, people-to-people interaction?

People-to-people interaction is critically important in the African business context, particularly as geopolitical competition intensifies on the continent. In this crowded and often transactional landscape, the depth and authenticity of human relationships can determine whether a business venture succeeds or fails. I spoke on this during my presentation. When business leaders take the time for face-to-face meetings, invest in understanding local priorities rather than imposing external agendas, and build relationships beyond the immediate transaction, they signal a different kind of partnership. The heightened geopolitical situation actually makes this human dimension more vital, not less. As competition increases and narratives clash about whose model of development is best, the businesses and nations that succeed in Africa will likely be those that invest in relationships characterized by reciprocity, respect, and long-term commitment rather than those pursuing quick wins.

How important is it for creating public perception and approach to today’s business?

Interaction between individuals is crucial for shaping public perception, as it influences views in ways that formal communications cannot. We live in a society where word-of-mouth, community networks, and social trust areincredibly important. As a result, a business leader’s behavior in personal interactions, their respect for local customs, their willingness to listen, and their follow-through on commitments have a far-reaching impact that extends well beyond the immediate meeting. The geopolitical dimension amplifies this importance because African nations now have choices. They’re no longer dependent on any single partner and can compare approaches to business.

From the above discussions, how would you describe global business in relation to Africa? Is it directed at creating diverse import dependency?

While it would be too simplistic to say global business is uniformly directed at creating import dependency, the structural patterns that have emerged often produce exactly that outcome, whether by design or as a consequence of how global capital seeks returns. Global financial institutions and trade agreements have historically encouraged African nations to focus on their “comparative advantages” in primary commodities rather than industrial development. The critical question is whether global business can engage with Africa in ways that build productive capacity, transfer technology, develop local talent, and enable countries to manufacture for themselves and for export—or whether the economic incentives and power irregularities make this structurally unlikely without deliberate policy intervention.

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Russia Expands Military-Technical Cooperation With African Partners

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Military-Technical Cooperation

By Kestér Kenn Klomegâh

Despite geopolitical complexities, tensions and pressure, Russia’s military arms and weaponry sales earned approximately $15 billion at the closure of 2025, according to Kremlin report. At the regular session, chaired by Russian President Vladimir Putin on Jan. 30, the Commission on Military and Technical Cooperation with Foreign Countries analyzed the results of its work for 2025, and defined plans for the future.

It was noted that the system of military-technical cooperation continued to operate in difficult conditions, and with increased pressure from the Western countries to block business relations with Russia. The meeting, however, admitted that export contracts have generally performed sustainably. Russian military products were exported to more than 30 countries last year, and the amount of foreign exchange exceeded $15 billion.

Such results provide an additional opportunity to direct funds to the modernization of OPC enterprises, to the expansion of their production capacities, and to advanced research. It is also important that at these enterprises a significant volume of products is civilian products.

The Russian system of military-technical cooperation has not only demonstrated effectiveness and high resilience, but has created fundamental structures, which allow to significantly expand the “geography” of supplies of products of military purpose and, thus strengthen the position of Russia’s leader and employer advanced weapons systems – proven, tested in real combat conditions.

Thanks to the employees of the Federal Service for Military Technical Cooperation and Rosoboronexport, the staff of OPC enterprises for their good faith. Within the framework of the new federal project “Development of military-technical cooperation of Russia with foreign countries” for the period 2026-2028, additional measures of support are introduced. Further effective use of existing financial and other support mechanisms and instruments is extremely important because the volumes of military exports in accordance with the 2026 plan.

Special attention would be paid to the expansion of military-technological cooperation and partnerships, with 14 states already implementing or in development more than 340 such projects.

Future plans will allow to improve the characteristics of existing weapons and equipment and to develop new promising models, including those in demand on global markets, among other issues – the development of strategic areas of military-technical cooperation, and above all, with partners on the CIS and the CSTO. This is one of the priority tasks to strengthen both bilateral and multilateral relations, ensuring stability and security in Eurasia.

From January 2026, Russia chairs the CSTO, and this requires working systematically with partners, including comprehensive approaches to expanding military-technical relations. New prospects open up for deepening military-technical cooperation and with countries in other regions, including with states on the African continent. Russia has been historically strong and trusting relationships with African countries. In different years even the USSR, and then Russia supplied African countries with a significant amount of weapons and military equipment, trained specialists on their production, operation, repair, as well as military personnel.

Today, despite pressure from the West, African partners express readiness to expand relations with Russia in the military and military-technical fields. It is not only about increasing supplies of Russian military exports, but also about the purchase of other weapons, other materials and products. Russia has undertaken comprehensive maintenance of previously delivered equipment, organization of licensed production of Russian military products and some other important issues. In general, African countries are sufficient for consideration today.

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Trump Picks Kevin Warsh to Succeed Jerome Powell as Federal Reserve Chair

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Kevin Warsh

By Adedapo Adesanya

President Donald Trump has named Mr Kevin Warsh as the successor to Mr Jerome Powell as the Federal Reserve chair, ending a prolonged odyssey that has seen unprecedented turmoil around the central bank.

The decision culminates a process that officially began last summer but started much earlier than that, with President Trump launching a criticism against the Powell-led US central bank almost since he took the job in 2018.

“I have known Kevin for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best,” Mr Trump said in a Truth Social post announcing the selection.

US analysts noted that the 55-year old appear not to ripple market because of his previous experience at the apex bank as Governor, with others saying he wouldn’t always do the bidding of the American president.

If approved by the US Senate, Mr Warsh will take over the position in May, when Mr Powell’s term expires.

Despite having argued for reductions recently, “Warsh has a long hawkish history that markets have not forgotten,” one analyst told Bloomberg.

President Trump has castigated Mr Powell for not lowering interest rates more quickly. His administration also launched a criminal investigation of Powell and the Federal Reserve earlier this month, which led Mr Powell to issue an extraordinary rebuke of President Trump’s efforts to politicize the independent central bank.

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