World
Under New Leadership, Mali Opens Doors to Russia
By Kester Kenn Klomegah
With strict pressure from the African Union (AU) and the Economic Community of West African States (ECOWAS), the August coup leaders have installed an interim government that will run state affairs until next elections.
Plucked from obscurity, the former Defense Minister Bah Ndaw (here) became the transitional President, while Colonel Assimi Goita serves as Vice President.
The transitional committee made up of representatives of political parties, civil and religious groups agreed on both positions.
According to their biographical reports, both had part of their professional military training in the Soviet Union and Russia respectively – read & watch this video – indicating that the new Malian leadership could be more Russia-friendly.
The transitional civilian government, swearing-in ceremony and inauguration into office took place on Sept 25, completely closed the political chapter on the political administration of Ibrahim Boubacar Keita.
The military takeover, Mali’s fourth since gaining independence from France in 1960, came after months of protests, stoked by Keita’s failure to roll back a bloody jihadist insurgency and fix the country’s many economic woes.
Over the years, reform policies have had little impact on the living standards, the majority highly impoverished in the country. As a developing country, it ranks at the bottom of the United Nations Development Index (2018 report). The country, however, is home to approximately 20 million people. The primary task, right now, is to draw up “a comprehensive road map” for economic recovery.
Earlier before the September 25 ceremony, Assimi Goita had issued a public statement at a media-covered conference to the Malian population, saying “We make a commitment before you to spare no effort in the implementation of all these resolutions in the exclusive interest of the Malian people.
“We request and hope for the understanding, support and accompaniment of the international community in this diligent and correct implementation of the Charter and the transition roadmap. The results you have achieved allow me to hope for the advent of a new, democratic, secular and prosperous Mali.”
While West African leaders would likely remove the economic sanctions imposed in the wake of last month’s coup, following the installation of a civilian interim president, a number of foreign countries including Russia have already recognized these new developments taken toward stability.
Russia, apparently, is exploring all possibilities to regain a part of its Soviet-era influence as Mali begins to restructure and systematize its state administration.
In an official statement to mark Mali’s 60th anniversary of its independence from France, Russian Ministry of Foreign Affairs (MFA) hoped that Mali would fix in place civilian form of government and, focus on holding free and democratic elections following a short transitional period with the assistance of the Economic Community of the West African States and the African Union.
It is noteworthy to recall here that Russia and Mali are linked by friendship and cooperation. In 1960, Mali attained independence following a prolonged struggle and opted for a socialist orientation. There were major projects implemented with Soviet assistance. These include a cement factory, the Kalana gold-mining company, a stadium in Bamako, the Gabriel Toure Hospital, an airfield in Gao and a number of national education facilities. Large-scale prospecting operations were conducted, and 9,000 hectares converted into rice paddies.
Thousands of Soviet educators, doctors and other specialists worked in Mali. Over 10,000 Mali citizens received higher education in Russia.
“We hope that the time-tested Russia-Mali ties will continue to develop steadily in the interests of both states. We would like to congratulate the friendly people of Mali on their national holiday and to wish them every success in achieving nationwide reconciliation, reviving their country as soon as possible, and we wish them peace, prosperity and well-being,” the statement particularly stressed.
As Russia pushes to strengthen its overall profile in the G5 Sahel region, Mali could become a gateway into the region. Russia has made military-technical cooperation as part of its diplomacy and keen on fighting growing terrorism in Africa.
Experts suspected that the regime change in Mali could see Russia-friendly new leaders taking over the country from the French-friendly Ibrahim Boubacar Keita and his government, thereby dealing a severe blow to French influence and interests not just in Mali but throughout the Sahel zone that includes Burkina Faso, Chad, Mali, Mauritania and Niger.
Research Professor Irina Filatova at the Higher School of Economics in Moscow explained recently in an emailed “Russia’s influence in the Sahel has been growing just as French influence and assistance has been dwindling, particularly in the military sphere. It is for the African countries to choose their friends and people who are now in power will be friendlier with Russia.”
That said, the transitional government could continue to leverage with Russia. Reports indicate that Russia has established cordial relations with the transitional government.
On August 21, Russian Ambassador to Mali and Niger Igor Gromyko met with representatives from the National Committee for the Salvation of the People (CNSP). The CNSP is an umbrella organization of military personnel involved in the coup, which wishes to oversee an 18-month transition before returning power to civilian authorities. Russia signed a military cooperation agreement with Mali in June 2019.
In November 2019, demonstrators in Bamako urged Moscow to repel Islamist attacks in Mali as it did in Syria. At the Independence Square demonstrations in Bamako that followed the coup, protesters were spotted waving Russian flags and holding posters praising Russia for its solidarity with Mali.
Samuel Ramani, DPhil candidate at the Department of Politics and International Relations at St. Antony’s College, University of Oxford, wrote in the Journal of the Foreign Policy Research Institute that “Since Russia possesses a diverse array of partnerships in Mali and Sahel countries are frustrated with the counterterrorism policies of Western powers. Moscow could leverage the Mali coup to secure economic deals and bolster its geopolitical standing in West Africa.”
According to the expert, Kremlin-aligned research institutes and media outlets have consistently framed France’s counterterrorism operations in Niger and Mali as a façade for the extraction of the Sahel’s uranium resources. Russian nuclear energy giant Rosatom, which directly competes with its French counterpart Avenda for contracts in the Sahel, could benefit from favourable relations with Mali’s new political authorities. Nordgold, a Russian gold company that has investments in Guinea and Burkina Faso, could also expand its extraction initiatives in Mali’s gold reserves.
As one of the largest on the continent, Mali is a landlocked country located in West Africa. For centuries, its northern city of Timbuktu was a key regional trading post and centre of Islamic culture. Mali is renowned worldwide for having produced some of the stars of African music, most notably Salif Keita. But, this cultural prominence has long since faded.
After independence from France in 1960, Mali suffered droughts, rebellions, and 23 years of military dictatorship until democratic elections in 1992. Mali has struggled with mass protests over corruption, electoral probity, and a jihadist insurgency that has made much of the north and east ungovernable. President Ibrahim Keita, who took office in September 2013, proved unable to unify the country. With time and commitment to sustainable development and good governance, there is still hope for Mali.
Kester Kenn Klomegah writes frequently about Russia, Africa and BRICS.
By Kestér Kenn Klomegâh
One year after launching a continental initiative designed to make excellence in public governance the foundation of a new drive to transform Africa, LEAD, the Africa CEO Forum’s pan-African leadership programme, takes stock of its first cohort and announces the launch of its second class. Built around a community of senior public decision-makers committed to modernising the state and to the continent’s digital transformation, this new cohort gathers for three days, from 28 to 30 August 2026, on the campus of Mohammed VI Polytechnic University (UM6P) in Rabat, Morocco.
A second cohort that confirms the programme’s durability
For its second class, LEAD brings together 50 fellows, senior public decision-makers engaged in the design and implementation of the continent’s economic and social policies. Over three days, participants take part in collective and collaborative working sessions, peer exchanges and meetings with figures from the public, business and academic spheres, in order to compare their practices and build shared responses to the major challenges of governance.
Speakers include Mehdi Jomaa, former Head of Government of Tunisia, Donald Kaberuka, Managing Partner & Founder, SouthBridge Group, and former President of the African Development Bank, Serge Ekue, President of the West African Development Bank (BOAD), Sanjay Jain, co-creator of India Stack and Director of Digital Public Infrastructure, Gates Foundation, and Mauricio Cardenas, Professor of Professional Practice in Global Leadership, Columbia SIPA, and former Finance Minister of Colombia (2012-2018).
They share their reform experience, their public policy trade-offs and their view of continental priorities. Throughout the programme, the cohort benefits from the dedicated support of Mohammed VI Polytechnic University, Asafo & Co, BOAD, BCG and the African Development Bank, LEAD partners that have chosen to invest in the transformation of African public action.
LEAD, a pan-African community serving public action
Created by the AFRICA CEO FORUM, LEAD is a leadership programme whose ambition is to reposition Africa’s administrative elite as a driver of reform, of performance and of dialogue with all the continent’s stakeholders.
Designed for senior African public decision-makers, LEAD sets out to build a lasting community of public officials able to share their experience, compare their practices and build common solutions to the major economic, technological and institutional transformations under way in Africa. That community is structured around three pillars: modernizing the state, improving public services, and strengthening cooperation between governments, development institutions and private-sector players.
From fellows to alumni: a long-term initiative
Made up of 36 fellows drawn from a range of administrations and institutions and representing 24 countries across the continent, LEAD’s first cohort demonstrated the quality and the potential of this community from its very first year. In less than twelve months, six of its members have taken a significant step forward: two have been appointed ministers, two have moved into strategic positions at the highest level of the state and two have been promoted to chief executive roles. These moves, which account for 16.7% of the first class, show the role LEAD plays as an accelerator of impact within African administrations.
By bringing together a new cohort of fellows every year, each of them joining the LEAD alumni community, the initiative follows a long-term trajectory: in time, to unite several hundred African public decision-makers around a shared culture of transparency, performance and regional cooperation.
A first year devoted to public service and digital public infrastructure
Throughout the year, the fellows devoted their work to strengthening African public action, to make excellence in public governance a central lever of transformation. An awareness campaign, run as part of Africa Public Service Day, brought to light those who, within the continent’s administrations and institutions, are concretely transforming public policy and improving the services offered to citizens.
Members of the cohort also took part in a special round table held in Kigali during the ACF 2026, in order to carry their thinking to a wider community of public and private leaders. That forum reinforced LEAD’s role as a platform for dialogue between the administrative elite and the continent’s economic players. Digital public infrastructure (DPI) formed the main thread of this first year of work.
Discussions covered issues at the heart of the digital sovereignty of African states: digital identity, payments, secure data exchange, interoperability, governance and the protection of citizens. This work examined the conditions under which African states are developing, in some cases, and can develop, in others, shared, open infrastructure robust enough to improve the quality of public services while supporting local innovation and preserving the capacity of public authorities to set the rules of the game.
A white paper to move from consuming technology to creating value
This year of work concludes with the publication, in collaboration with BCG, LEAD’s Knowledge Partner, of a white paper on Africa’s place in the digital economy and in artificial intelligence. With the digital economy still accounting for around 5% of African GDP, against close to 15% worldwide, the paper calls on the continent to shift from a logic of technology consumption to one of value creation.
The white paper identifies three structuring priorities for African public actors:
- Building shared digital infrastructure that serves as the backbone of public services and private innovation.
- Pooling investment in order to reach critical mass and avoid the fragmentation of efforts across the continent.
- Favouring open and interoperable architectures, with trust and governance built in by design, so as to protect citizens while stimulating the entrepreneurial ecosystem.
The white paper is available here to all public decision-makers, technical partners and institutions concerned.
“LEAD’s first cohort confirms a simple conviction: Africa already has the women and men capable of profoundly transforming public action. Our responsibility, either with our partners, is to give them, at pan-African level, a space in which to compare experience, build common solutions and bring forward a new generation of public policy. With this second cohort, we want to accelerate the move from ambition to execution, in particular on digital public infrastructure and artificial intelligence, two decisive issues for sovereignty, for the effectiveness of the state and for value creation across the continent,” says Amir Ben Yahmed, President of the Africa CEO Forum.
By Kestér Kenn Klomegâh
Africa is set to make history as it hosts the World Public Summit for the first time, with Addis Ababa, Ethiopia, welcoming global leaders and changemakers from July 29–30, 2026, for the landmark gathering under the theme “New World: Africa in Shaping a Shared Future.”
The inaugural African edition of the World Public Summit marks a significant milestone in the continent’s growing role in shaping international dialogue on governance, sustainable development, human-centred leadership and global cooperation.
Hosted by the World Peoples Assembly in partnership with African and international organisations, the summit will convene government officials, diplomats, business leaders, academics, journalists, youth representatives, civil society organisations and cultural leaders from across Africa and around the world.
According to Andrey Belyaninov, General Secretary of the World Peoples Assembly, “the Summit is not just a meeting—it is a space for unity. A space where the ‘values that unite us’ come to life: respect for people, openness to the world, responsibility for the future, and a commitment to creation.
“Today, we understand more clearly than ever: the future cannot be built alone. It is born in dialogue, in trust, in the ability to listen to one another and to act together.”
The programme begins on July 29 with a series of high-level roundtables and expert discussions covering Pan-African economic integration, civil society, education, scientific cooperation, cultural diplomacy and humanitarian partnerships.
The opening plenary, “Values, Development and Partnership as the Basis of a Sustainable and Just World,” will explore how African values—including Ubuntu—can help shape a more inclusive and sustainable global future. Discussions will also focus on youth leadership, innovation, civil society, ethical AI, public initiatives and international partnerships.
The summit will also showcase Africa’s creativity and innovation through the “Innovations for the Future” exhibition, the contemporary African art exhibition “Unity,” and the international exhibition “The World Paints Happiness.”
Another featured initiative is “The Zambezi River: Economy, Society, Soul,” an international interdisciplinary project exploring the river’s socioeconomic importance across Angola, Botswana, Mozambique, Namibia, Zambia and Zimbabwe, highlighting the shared heritage and development potential of one of Africa’s most important waterways.
The event will conclude with the adoption of the African Communiqué, reflecting the summit’s shared vision for stronger international cooperation, sustainable development and people-centred leadership.
Tsegaye Chama, General Secretary of the Global Black Centre, promised that, “The Summit will be delivered with exceptional distinction, reflecting the magnitude and spirit of the World Peoples Assembly. It embodies a unity that is not transactional, but purposeful and conscious, a unity that shapes new contours for a world that works for all peoples of the World.”
As delegates prepare to arrive in Addis Ababa, anticipation continues to build for what promises to be one of Africa’s most significant international gatherings of 2026—one that will place the continent firmly at the centre of global conversations about the future.
By Adedapo Adesanya
Nigeria regained its position as Africa’s leading destination for equity startup investment in the first half of 2026, raising $214 million in equity financing and a total of $254 million across equity and debt, according to the latest Africa: The Big Deal report.
The report, titled H1 2026: Mapping the Money, showed that Nigeria ranked second on the continent in total funding, behind Egypt, which attracted $327 million, while Kenya and South Africa followed with $126 million and $83 million, respectively.
However, the report noted that Egypt’s top position was largely driven by a single fundraising by electric mobility company Spiro, which secured $327 million, including $270 million in equity and $57 million in debt. Excluding debt financing, Nigeria emerged as Africa’s largest equity funding market in the first six months of the year.
According to the breakdown by Africa: The Big Deal, Nigeria’s equity funding of $214 million was higher than Egypt’s $183 million, while South Africa and Kenya attracted $66 million and $46 million, respectively.
Beyond funding value, Nigeria also led the continent in the number of startups that raised at least $100,000 during the review period, reclaiming the top spot after what the report described as an “underwhelming” second half of 2025.
The publication observed that Nigeria’s fundraising performance has remained relatively stable over the past few years and exceeded the $250 million mark for the first time since 2022, pointing to renewed investor confidence in the country’s startup ecosystem.
It also found that while the Big Four startup markets—Nigeria, Egypt, Kenya and South Africa—continued to dominate Africa’s investment landscape, their combined share of total funding stood at 58 per cent in the first half of 2026.
“Zooming back on the Big Four (110 out of 190 $100k+ deals, i.e. 58%), Nigeria is head and shoulders above its peers, with Egypt and Kenya almost tying, and South Africa in fourth position again,” the report noted.
The report highlighted contrasting performances among the continent’s largest startup ecosystems. While Nigeria and Egypt maintained strong funding momentum, Kenya recorded its weakest funding performance since early 2021 after a strong second half of 2025, and South Africa failed to attract $100 million in funding during the period despite leading the continent a year earlier.
Africa: The Big Deal also noted a broader shift in investor behaviour, with funding increasingly concentrated in larger transactions while early-stage investments continued to decline. According to the publication, the drop in smaller funding rounds reflects growing concerns about limited capital available for early-stage startups across Africa.
