World
Experts Discuss Russia’s Weak Economic Presence in Africa
By Kester Kenn Klomegah
Russia’s weak economic presence in Africa has become a thing of concern for some experts in the country and they wonder why the nation is not aggressive with this like its ally, China.
In July 2021, participants at the Association of Economic Cooperation with African States (AECAS), established under the aegis of the Secretariat of the Russia-Africa Partnership Forum (RAPF), agreed that lack of financial support was the major reason for this.
The forum, which had in attendance some leading Russian companies and banks, discussed an effective system of financing projects and supporting investment in Africa.
Financing projects in Africa is one of the important keys and, at the same time, the most difficult issue for major Russian companies attempting to expand to Africa, and the financial instruments at their disposal are insufficient, according to Anna Belyaeva, Executive Director of AECAS.
“We explicitly understand that the current funding mechanisms are not enough. We have analysed the experience of European and Western colleagues from developed countries, our direct competitors in Africa: all of them already have mechanisms and funds focused on Africa,” she said.
Nikita Gusakov, Head of the Russian Export Credit and Investment Insurance Agency (EXIAR), reiterated that Africa was a priority for the agency, outlining a number of deals that EXIAR has been involved in on the continent.
He was also critical and frank on a few points relating to finance mechanisms and slowness in delivering on investment pledges and the extent these have affected effective economic cooperation between Russia and Africa.
“We have the desire and the capacity to finance projects in Africa. In our experience, there are two problems that need to be addressed: the low level of project planning by Russian companies wishing to enter the African market, and the lack of awareness among Russian companies of the opportunities available on the African market,” Gusakov unreservedly underlined.
The meeting collectively acknowledged Africa as a huge continent that still requires economic development. Its active demographic growth and abundance of natural resources offer conditions to become the world’s biggest market in the next few decades.
Russians are searching for long-term businesses and entrepreneurship in a wide range of sectors, citing the presence of the strong presence of the United States, European Union members, China, India, and many others in the continent.
The current geopolitical developments and the scramble for emerging opportunities by external countries in Africa is the stacked reality.
Perspectives and outlook for future development are immense, some African leaders and particularly corporate business leaders with foreign players are consistently collaborating and fixing their strategic partnership networks within the continent, striving to understand the emerging challenges and mapping out how to seize the opportunity to build businesses in Africa.
In addition to that, foreign players are investing research and development (R&D) with their African partners. As Nikita Gusakov, Head of the Russian Export Credit and Investment Insurance Agency (EXIAR), reiterated at the meeting, one of the roadblocks is the lack of adequate knowledge among Russian companies about the opportunities available in Africa. It is partly due to limited interaction with the private sector actors and civil society.
There should be an emphasis on employing policy strategists who actually understand business cultural ideas, the current political and economic trends in Africa. Russians must also invest in more R&D collaborations with their African partners.
In order to raise the economic influence, Russians have been making efforts to identify a structured finance mechanism for mega infrastructure projects such as nuclear power and energy, natural resources exploration and to significantly increase trade with Africa.
For instance, the United States, European Union members, Asia countries such as China, India and Japan, have provided funds to support companies ready to carry out projects, and that include some basic researches, in various sectors in African countries. Some have publicly committed funds, including concessionary loans, for Africa.
During the last Ministerial Conference of the Forum on China-Africa Cooperation (FOCAC), Chinese President Xi Jinping said “China will expand cooperation in investment and financing to support sustainable development in Africa. China provided US$60 billion of credit line to African countries to assist them in developing infrastructure, agriculture, manufacturing and small and medium-sized enterprises.”
It fully understands Africa’s needs and its willingness to open the door to cooperation in the field of scientific and technological innovation on an encouraging basis.
The method for financing the building of infrastructure is relatively simple. In general, governments obtain preferential loans from the Export-Import Bank of China or the China Development Bank, with the hiring of Chinese building contractors.
The Chinese policy banking system allows leading Chinese state-owned enterprises to operate effectively in Africa, with the majority of these activities in infrastructure and construction in Africa.
China has always been committed to achieving win-win cooperation and joint development with Africa. Russia could consider the Chinese model of financing various infrastructure and construction projects in Africa.
Official proposals for all kinds of support for trade and investment has been in the spotlight down the years.
In May 2014, Russian Foreign Minister Sergey Lavrov wrote in one of his policy articles published on the ministry’s website: “we attach special significance to deepening our trade and investment cooperation with the African States. Russia will provide African countries with extensive preferences in trade.”
Lavrov wrote: “At the same time, it is evident that the significant potential of our economic cooperation is far from being exhausted and much remains to be done so that Russian and African partners know more about each other’s capacities and needs. The creation of a mechanism for the provision of public support to business interaction between Russian companies and the African continent is highly on the agenda.”
After the first Russia-Africa Summit in the Black Sea city, Russia Sochi in October 2019, Russia and Africa have resolved to move from mere intentions to concrete actions in raising the current bilateral trade and investment to appreciably higher levels in the coming years.
“There is a lot of interesting and demanding work ahead, and perhaps, there is a need to pay attention to the experience of China, which provides its enterprises with state guarantees and subsidies, thus ensuring the ability of companies to work on a systematic and long-term basis,” Foreign Minister Lavrov said.
According to Lavrov, the Russian Foreign Ministry would continue to provide all round support for initiatives aimed at strengthening relations between Russia and Africa.
“Our African friends have spoken up for closer interaction with Russia and would welcome our companies on their markets. But much depends on the reciprocity of Russian businesses and their readiness to show initiative and ingenuity, as well as to offer quality goods and services,” he stressed.
Senator Igor Morozov, a member of the Federation Council Committee on Economic Policy, and Chairman of the Coordinating Committee on Economic Cooperation with Africa noted during one of the meetings that in conditions of pressure from sanctions, it has become necessary to find new markets, new partners and allies for Russia.
“This predetermines the return of Russia back to Africa, makes this direction a high priority both from the point of geopolitical influence and in the sphere of trade and economic context,” he underscored his objective comments.
“It is important for us to expand and improve competitive government support instruments for business. It is obvious that over the thirty years when Russia left Africa, a number of countries such as China, India, the United States and the European Union have significantly increased their investment opportunities there in the region,” Morozov stressed.
With a renewed growing interest in Africa, Russians are feverishly looking for establishing effective ways of entry into the huge continent.
As result, Senator Igor Morozov unreservedly suggested creating a new structure within the Russian Export Centre – an investment fund, explaining further that “such a fund could evaluate and accumulate concessions as a tangible asset for the Russian raw materials and innovation business.”
His Coordinating Committee has the responsibility for adopting a more pragmatic approach to business, for deepening and broadening economic collaborations and for the establishment of direct beneficial contacts between entrepreneurs and companies from Russia and African countries.
The Coordinating Committee for Economic Cooperation with African States was created in 2009 on the initiative of the Chamber of Commerce and Industry of the Russian Federation and Vnesheconombank with support from the Federation Council and the State Duma of the Federal Assembly of the Russian Federation. It has had support from the Ministry of Foreign Affairs, the Ministry of Economy and Trade, the Ministry of Natural Resources, as well as the Ministry of Higher Education and Science.
President of the Russian Chamber of Chamber and Industry, Sergei Katyrin, added his voice for the establishing a finance mechanism, saying “the primary task now is to accelerate Russia’s economic return to African continent, from which we practically left in the 90s and now it is very difficult to increase our economic presence there in Africa.”
According to Katyrin, Russia’s economic presence in Africa today is significantly inferior in comparison to the positions of leading Western countries and BRICS partners. “It’s time to overcome this yawning gap. Today, we face a difficult task to ensure the activities of Russian entrepreneurship on the African continent in the new conditions, taking into account all the consequences of the coronavirus pandemic.”
Katyrin, in addition, said “we need a state financial mechanism to support the work of Russian business in Africa otherwise it will be very difficult to break through the fierce competition of Western companies with such support. We need to focus on those areas where we can definitely count on success.”
According to UNCTAD’s World Investment Report 2020, the top five investors in the African continent are European Union (Netherlands, France, Germany, the United Kingdom), the United States and China. There are also the Gulf States, United Arab Emirates and Turkey consistently playing active roles on the continent.
In practical reality, the introduction of the African Continental Free Trade Area (AfCFTA), gives an additional signal for foreign players to take advantage of this new opportunity in Africa. It aims at creating a continental market for goods and services, with free movement of business people and investments in Africa. As trumpeted, the AfCFTA has a lot more on offer besides the fact that it creates a single market of 1.3 billion people.
Notwithstanding the setbacks down these years, Russians are still full of optimism. That said, however, Russia has its own approach towards Africa. It pressurizes no foreign countries neither it has to compete with them, as it has its own pace for working with Africa. After the first Russia-Africa Summit, there is a well-functioning structure to achieve more practical and comprehensive results from the new phase of relations between Russia and Africa.
With the same optimism towards taking emerging challenges and opportunities in Africa, Russia has to show financial commitment especially now when the joint declaration adopted from the first historic Summit held in October 2019 ultimately sets the path for a new dynamism and provides an impetus for the existing Russia-Africa relations.
World
AfDB Attracts $2.2bn for Nigeria’s Special Agro-industrial Processing Zones
By Modupe Gbadeyanka
Investors are interested in investing about $2.2 billion in the Special Agro-Industrial Processing Zones Nigeria Phase II project.
This was recently facilitated by the African Development Bank Group (AfDB) at the Africa Investment Forum.
The initiative is expected to revolutionize Nigeria’s agricultural sector, as it will create agro-industrial hubs that drive productivity, enhance food security, raise living standards and create jobs.
Those interested in the project include Arise IIP, Arab Bank for Economic Development in Africa, Africa Export-Import Bank, Sahara Farms, BPI France, Africa50, and the US Development Finance Corporation.
They engaged the Nigerian government at a meeting on Wednesday, December 4, 2024.
The SAPZ Nigeria Program is a country-wide government-enabled and private-sector-led investment program that will, (i) provide infrastructure for the establishment of agro-industrial zones, (ii) strengthen institutional capacity and business environment for agro-industrial development and (iii) support agricultural productivity, skills, and private investment across value chains.
SAPZs are established in areas with high agricultural production potential. They are provided with infrastructure, common services, and supported by policy incentives to integrate agricultural and industrial businesses. Through value-added manufacturing, they have the potential to trigger the long-delayed structural transformation that revitalizes rural areas, enhance food security, improve employment, and boost regional and international trade.
Phase I Nigerian States benefiting from the program are Cross River, Imo, Ogun, Oyo, Kaduna, Kwara and Kano, and the Federal Capital Territory. SAPZ Nigeria Phase II is underway to expand to an additional 24 States in Nigeria in the next 3 years and will link Nigeria’s agriculture to agro-industrialization to drive economic growth.
The president of AfDB, Mr Akinwumi Adesina, said, “This is a defining moment for Nigeria’s agricultural transformation.”
“The Nigeria SAPZ II project will create millions of jobs, empower smallholder farmers, and position Nigeria as a leader in agro-industrialization. These investments exemplify the power of collaboration to achieve sustainable development in Africa,” he added.
The bank’s Director General for Nigeria, Mr Abdul Kamara, said, “I am pleased to see this whopping investment interest and commitments by our financing partners for Nigeria, at a time when the country is ramping up efforts to attract investments into the agriculture sector to address food security, create job opportunities and boost economic growth.”
World
Russia, Africa Establish Cultural Telebridge
By Kestér Kenn Klomegâh
Russia and Africa have moved one more step forward in their bilateral relations by establishing a cultural telebridge dedicated to the formation and development of the Museum of African Cultures in Moscow. The cultural telebridge between Russia and Africa was organized by the Russian-African Club of Lomonosov Moscow State University (MSU) with the support of the Secretariat of the “Russia-Africa Partnership Forum” under the Ministry of Foreign Affairs of the Russian Federation.
The telebridge was held on three main platforms – in Moscow (Russia), Ouagadougou (Burkina Faso), and Yaoundé (Cameroon), and included participants from Morocco, Guinea, Benin, Côte d’Ivoire, Zambia, Burkina Faso, South Africa, and Egypt.
The main speakers of the telebridge included representatives of the ministries and cultural authorities of Russia and African countries, diplomats, museum specialists from Russia and Africa, private collectors, universities, NGOs, journalists, and members of the African diaspora.
The event was opened by Ilya Ilyin, Dean of the Faculty of Global Processes and First Vice-President of the Russian-African Club at MSU. He highlighted the topic of the telebridge on the development of the Museum of African Cultures which was deliberately chosen for discussion. The need to expand humanitarian cooperation with African countries was specifically emphasized at the second summit of the “Russia-Africa Partnership Forum” as well as at the Russia-Africa Ministerial Conference held in Sochi in November 2024. Work in this direction is being carried out in accordance with the priorities outlined by Russian President Vladimir Putin on March 30, 2020, under the “Priority Steps in Africa” decree. Among the key initiatives in the humanitarian field is the idea of creating the Museum of African Cultures, which will be the only museum outside of the African continent officially dedicated to African themes. The museum will be established at the renowned State Museum of Oriental Art.
Ilya Ilyin noted as a significant achievement the agreement to establish a branch of the Russian-African Club in Burkina Faso, and work on this initiative is ongoing. He expressed gratitude to Daniel Sawadogo, former cultural attaché of Burkina Faso’s Embassy in Russia, who participated in the telebridge, for his efforts in strengthening cooperation between Burkina Faso and Russia.
Ilyin reminded the audience that the year 2025 will mark the 270th anniversary of Moscow State University and the 220th anniversary of the Moscow Society of Naturalists, chaired by MSU Rector V.A. Sadovnichy. Additionally, in 2025, the Faculty of Global Processes of MSU will celebrate its 20th anniversary. The most significant event of 2025 will be the 80th anniversary of the Great Victory. In this regard, the Dean proposed continuing the tradition of holding a memorial event involving Russian-African youth at Poklonnaya Gora, as was done in 2023 and 2024.
Tatiana Dovgalenko, Ambassador-at-Large of the Ministry of Foreign Affairs of the Russian Federation and head of the Secretariat of the Russia-Africa Partnership Forum spoke about the active work being carried out in conjunction with the Ministry of Culture of Russia, Rossotrudnichestvo, cultural institutions, and civil society circles in hosting thematic exhibitions, theatre festivals, cultural days, concerts, film screenings, and lectures in Africa. Significant projects are being implemented by the Russian Institute of Theatre Arts (GITIS), the Inopraktika Foundation, and the Moscow Conservatory. These and other initiatives demonstrate the explosive interest of Africans in Russian culture. The demand among African students for creative education in Russia continues to grow. Today, citizens from 20 African countries are studying in Russian cultural universities.
The Museum of African Cultures will immerse the Russian audience in the richness of African culture and peoples. It will display the collected artefacts housed in Russia, primarily African art pieces from the State Museum of Oriental Art. This collection comprises more than 1,100 items and is continuously replenished through scientific research expeditions, temporary exhibitions, and private collections donated by prominent Russian Africanists. T.E. Dovgalenko expressed confidence in the museum’s role as a profound cultural bridge.
The museum will become a significant platform in Russia for hosting educational, cultural, and business events, implementing educational programs, and conducting scientific research in the field of African studies, as well as simply a space of creative power.
The lead moderator of the telebridge, Alexander Berdnikov, Executive Secretary of the Russia-Africa Club of Lomonosov Moscow State University, introduced the co-moderators from the Russian side – Louis Gouend, Ilya Shershnev, and Inga Koryagina. He emphasized that the opening of the Museum of African Cultures is a highly important issue for both Russian and African societies.
In his opinion, it is also critical during the telebridge to address the prospects of communication with African countries in the field of humanities, particularly related to museums. The speaker reminded attendees about the “Russia Calling!” forum held on 4th December in Moscow, during which Russian President Vladimir Putin stated that Russia will develop new tools for advancing comprehensive cooperation with African countries. The Museum of African Cultures is one such new tool for collaboration in the humanitarian sphere.
The museum is being established as a multifunctional institution, also tasked with educational and expert goals, African studies training, and other functions.
Research Associate of the State Museum of Oriental Art and Africanist, Darya Vanyukova, emphasized at the beginning of her speech that no museum collection, no matter how large, can encompass the immense richness and diversity of the artistic culture of African countries. Therefore, as the expert noted, the idea of creating an exploratory museum must be approached honestly and openly. The speaker stressed the importance of developing long-term projects within the museum, which can serve as a foundation for a cultural program, allowing visitors to gain a deeper understanding of the African continent.
A key aspect of preparing for the museum’s opening involves creating a concept and designing the permanent exhibition. The expert shared plans for projects scheduled for 2025, including exhibitions dedicated to the Republic of Cameroon and the Republic of Mali. Vanyukova also mentioned that the Museum of Oriental Art’s team is counting on support from colleagues in African countries. She explained the museum’s plans to request artefacts from Russian and African museums for long-term storage, with a view to returning these valuable art pieces to their home countries once the established agreements expire.
Yuri Zaitsev, Head of Rossotrudnichestvo’s representative office in Tunisia, emphasized the importance of maintaining close ties with the African community and museum experts from the continent when establishing the museum. He expressed his hope that North Africa would be broadly represented in the museum. Additionally, Zaitsev offered comprehensive assistance and support from North African countries. He noted that the Russian House in Tunisia also supervises several countries without Rossotrudnichestvo representation, including Algeria, Libya, and Niger. This allows for facilitating communication with museum communities in those nations.
The expert proposed creating branches of the museum or exhibition complexes at VDNH or in other districts. He highlighted Tunisia’s rich historical heritage, including aspects that connect Tunisia and Russia, such as the history of the Russian Squadron and the work of artist Rubtsov, which, according to Zaitsev, should also be represented in the Museum of African Cultures.
Alla Stremovskaya, Associate Professor at the Department of Eastern Political Studies of the Faculty of Global Processes at Moscow State University, spoke about the role of museum diplomacy in international relations. She presented a report on online projects by key Russian museums. According to Stremovskaya, museum diplomacy is a form of cultural diplomacy that historically served as a strategic tool used by national governments to advance their foreign policy goals. Various countries have supported museum initiatives to disseminate their national values and ideas abroad.
Today, these functions are also fulfilled by museum online projects. Stremovskaya highlighted international online projects by the Russian Museum, the Hermitage, the Tretyakov Gallery, and the State Museum of Fine Arts. These projects combine a range of multimedia centre functions, including virtual tours, online lectures, and visits to exhibition compositions. She also mentioned major international museum online projects such as “European” and “Latino.” The expert stated that knowledge of these projects will help in creating a similar initiative for the new Museum of African Cultures.
Louis Gouend, Telebridge Moderator and Head of the Commission on Diaspora and Media Relations at the Russian-African Club of Moscow State University, expressed gratitude on behalf of the entire African community for the idea of establishing a Museum of African Cultures in Moscow, calling it a “cherished topic” for all Africans.
Gouend introduced the participating experts from the telebridge studios in Cameroon and Burkina Faso. The moderators for the telebridge in Cameroon were historian Professor Njock Nyobe Pascal, former Director of the Douala Maritime Museum, and Professor Jean-Baptiste Nzoge. The first speaker from Cameroon, Madame Rachel Mariembe, an expert in historical and cultural heritage, spoke about the work of the Douala Museum, whose collection is constantly being expanded, thanks to well-established connections with other museums, not only in Cameroon but also in other countries, as well as through collaboration with private museums.
Cameroonian museologist, Professor Michel Ndoh, expressed the opinion that the Museum of African Cultures in Moscow should represent a unique opportunity for Africans to establish strong ties with Russia. The success of the future museum in Moscow, according to the expert, depends on its programmatic policy.
The speaker highlighted that the primary mission of the museum should be showcasing Africa as a whole, while taking into account the uniqueness of each country on the continent. Africa itself must take the initiative and present its proposals, concluded Michel Ndoh.
His Majesty Mbombog Malet Ma Ndjami, Director General of the Palace of Culture and African Art, noted that a museum is a guardian of memory. According to the speaker, collaboration with Russia will provide the African continent with new opportunities to preserve its memory. Cameroonian museums were established following a model created in the 19th century, and it is from that period that the perspectives through which Africans view their memory — namely, Eurocentric perspectives — originate, noted the expert. He believes that cooperation with Russia will allow Africans to view their historical reality from a different perspective, through masterpieces of national African art. Africa shares a common memory with Russia, and together, we can embody this memory through museum partnerships.
Ndo, a museologist from Cameroon, considers the museum to be a lever for diplomacy. Diplomacy, he stated, is the interaction of all participants in the process. Therefore, the expert emphasized the importance of hearing from Russian colleagues about the specific types of support they expect from African specialists in the museum field. He proposed that mutual exchanges of conceptual ideas are crucial.
The telebridge was then passed to Burkina Faso, where the moderators were Moktar Sanfo, Director General of Culture and Arts (DGCA), and Sabari Christian Dao, Director General of the National Museum of Burkina Faso.
Christian Dao welcomed the participants of the telebridge and introduced his colleagues, gathered at the web studio in the National Museum of Burkina Faso, with a total of 20 people present. The speaker expressed collective excitement at the opening of the Museum of African Cultures in Moscow.
The first expert from Burkina Faso to speak was Juliette Congo, Director of the Women’s Museum in Kolgwendiese, founded in 2008. The Women’s Museum is a unique project as it not only showcases collections but also conducts educational programs. These initiatives highlight the role of women in African society and their contributions to national and cultural wealth. The museum houses collections dating back to the era of the Moro Kingdom, where women served as a ruling force.
Alassane Samura, Director of the Water Resources Museum, presented the concept of his museum, which is built on the idea that water permeates all of human history across all aspects of life; without water, there is no life. In Africa, where tremendous effort is often required to access water, people hold this natural resource in high regard. This is why the Water Museum was established. It features collections of ancient water storage containers and vessels, as well as tools for retrieving water.
Assane Romba, curator of the Georges Ouedraogo Museum of Music, described his museum as a “living place” where exhibits come to life. He spoke about the constant interaction with visitors through the universal language of music. The museum’s collection includes objects that serve sacred functions and are emblematic of Africa’s cultural heritage.
Sinali Djibo, Director of Exhibitions and Mediation at the National Museum of Burkina Faso, outlined the training of specialists in various areas of museum activities. The expert also shared his vision for organizing temporary exhibitions at the future Museum of African Cultures in Moscow. According to Djibo, such exhibitions must be accompanied by explanations for visitors, and he suggested using film as a tool for this purpose. He pointed out that this approach has already been implemented in Europe and parts of Africa.
Dr. Hoda Al-Saati, a representative of the Journalists’ Union of Alexandria (Egypt) and an active participant in cultural and historical events between Russia and Egypt, praised Russia’s efforts in preserving and developing the cultural heritage of African countries. She contrasted this with Western countries, which often regard Africa merely as a source of profit. The speaker supported the idea proposed by Russian and African colleagues that the museum should also function as an educational institution.
Swinni Driss, a representative of the National Museum of Morocco, spoke about the museum’s activities, and educational and cultural projects, in particular, the exhibition of postage stamps, which has become an interesting and popular event in the country.
Ernest Kpan, an expert from Côte d’Ivoire and head of the local branch of the International Council of Museums, believes that establishing a successful project requires defining the shared and fundamental foundations of the museum initiative. It is essential to know the budget allocated for the project and understand its base—both material and scientific. Another critical issue, according to the speaker, is the potential involvement of African specialists in the museum’s operations.
Tatyana Tudvaseva, President of the “Gatingo” Association and chief curator of the international art project “Africa’s World Today, Tomorrow, Yesterday,” stressed the need to include items of contemporary African art among the museum’s exhibits. The paintings of African artist-philosophers—singers of their culture and traditions—are filled with symbolism, meaningful ideas, and interest in human individuality and the surrounding nature. The speaker expressed confidence that these works of art would deeply move the Russian audience.
Moktar Sanfo, Director General for Culture and Arts and moderator in the webinar studio in Burkina Faso requested representatives of the Russian-African club to inform African colleagues about opportunities for advanced training at Moscow-based universities and the areas covered within this framework.
Suleiman Sedogo, President of the Association of Museum Professionals of Burkina Faso, stated that the primary goals of their organization are to improve the quality of museum practices in the country, develop new directions, and support collaboration between private museums and the state.
Daniel Sawadogo, former cultural and scientific advisor to the Embassy of Burkina Faso in the Russian Federation, emphasized the undeniable importance of this telebridge, which has become a significant platform for exchanging expert opinions and practical proposals between museum specialists in Russia and Africa.
Ali Degee, an expert from Burkina Faso and a graduate of a Soviet university, highlighted the exceptional importance of professional staff training in the museum field. The speaker expressed hope that such training would become accessible to the current young generation from African countries. For instance, graduates of museum studies courses organized in Burkina Faso could be sent to Russia for further education.
In conclusion, A.F. Berdnikov, the lead moderator, thanked all participants of the telebridge and noted that the event was productive and constructive. He supported the idea of making this telebridge format regular, as it would provide an excellent opportunity for the mutual exchange of proposals and concrete recommendations, not only for developing the Museum of African Cultures but also for fostering museum-sector cooperation between Russia and Africa as a whole.
World
John Mahama Wins Presidential Poll to Return as Ghana’s President
By Adedapo Adesanya
Former President of Ghana, Mr John Dramani Mahama of the National Democratic Congress (NDC), has won a historic comeback election victory on Sunday as voters pushed out the ruling New Patriotic Party (NPP) over its management of economic crisis in the West African country.
NPP candidate and current Vice President Mahamudu Bawumia to incumbent President Nana Akufo-Addo today conceded defeat in the weekend presidential election after failing to shake off widespread frustration over high costs of living.
Results showed that Mr Mahama won 56.3 per cent of the vote against 41.3 per cent for Bawumia.
Mr Mahama, who ruled as president from 2012-2017, will return to lead the country on his third attempt to reclaim the nation’s top post after falling short in 2016 and 2020 elections.
Ghana’s two main parties, the NPP and NDC, have alternated in power equally since the return to multi-party politics in 1992.
The country’s economic woes dominated the election after the continent’s top gold producer and the world’s second-largest cocoa exporter went through a crisis of default and currency devaluation, ending with a $3 billion bailout from the International Monetary Fund (IMF).
Meanwhile, President Bola Tinubu has congratulated Mr Mahama on his victory in the December 7 general election.
In a telephone call to Mr Mahama, President Tinubu hoped that Mahama’s ascension to power for the second time would further bring stability to the Economic Community of West African States (ECOWAS).
According to a statement by presidential spokesman, Mr Bayo Onanuga, the Nigerian President commended the people of Ghana for their commitment to democracy, which was demonstrated through the peaceful and successful conduct of both the presidential and parliamentary elections.
-
Feature/OPED5 years ago
Davos was Different this year
-
Travel/Tourism8 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz2 years ago
Estranged Lover Releases Videos of Empress Njamah Bathing
-
Banking6 years ago
Sort Codes of GTBank Branches in Nigeria
-
Economy2 years ago
Subsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking2 years ago
First Bank Announces Planned Downtime
-
Sports2 years ago
Highest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
-
Technology4 years ago
How To Link Your MTN, Airtel, Glo, 9mobile Lines to NIN