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AfDB Mobilizes Funds for Projects Via Integrated Platforms

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AfDB President Akinwumi Adesina

By Kester Kenn Klomegah

The African Development Bank (AfDB), which sets its primary tasks of contributing to the continent’s economic and social development by providing the necessary concessional funding for projects and programmes, as well as offering and coordinating assistance in capacity-building activities, has now embarked on various post-COVID-19 initiatives throughout the continent, especially in the least developed African countries.

In the latest was the mid-March event where potential investors have examined more than $50 billion of curated bankable projects in key priority sectors identified in the Africa Investment Forum’s 2020 Unified Response to COVID-19 initiative.

The sectors include agriculture and agro-processing; education; energy and climate; healthcare; minerals and mining; information and communications technology and telecommunication; and industrialization and trade. Nine of these projects are women-led, with a potential value of $5 billion.

The AfDB has secured $32.8 billion in investment commitments for projects in Africa. The largest deal secured at the three-day Africa Investment Forum was $15.6 billion for the Lagos-Abidjan mega highway of about 1,200 km (745 miles) will have four to six lanes, connecting West Africa’s two major cities in Nigeria and Ivory Coast, said AfDB President, Mr Akinwumi Adesina.

“Africa is a very bankable continent. We’ve gone through hard times because of the Covid-19 situation but here we are on a rebound,” said Adesina. “Africa is back for investments.” The projects, part of the bank’s Covid-19 response, touch on sectors including agriculture and agro-processing, education, energy and climate, healthcare, minerals and mining, and information and communications technology.

Adesina said that on the health side, projects include a new medical city in Accra, Ghana, a fund for health services for low-income populations in South Africa, and two platforms for manufacturing pharmaceutical products: one in West Africa and one in Kenya.

The African Continental Free Trade Area (AfCFTA), launched under the African Union, provides unique and valuable access to an integrated African market of over 1.3 billion people. In practical reality, it aims at creating a continental market for goods and services, with free movement of business people and investments in Africa.

The bank together with health giants has also set eyes on capitalizing on the advantages and conditions to push for healthcare issues. It, as well, is expected to advance the integration of African markets and standards for pharmaceuticals and other goods.

As a result, the Africa Investment Forum is curating several investment-ready transactions that align closely with the three healthcare pillars outlined by the AfDB President.

The investor boardroom sessions feature a $49 million transaction involving the construction of a pharmaceutical and biomedical hub in West Africa. The hub will incorporate a logistics platform, research and development facilities and an academic institution that could serve the region and the wider continent in vaccine manufacturing and drug and medical development.

A second vaccine-related transaction is a $45 million production plant in East Africa, which the World Health Organization (WHO) has pre-qualified. The plant will routinely produce three vaccines, including one for COVID-19.

It was no surprise that the WHO recently announced that Kenya, Senegal, Tunisia, South Africa, Egypt and Nigeria would be the first participants in its mRNA technology transfer hub initiative. The initiative paves the way for the manufacture and licensing of a range of pharmaceuticals in these six countries. It is likely to trigger strong investor interest in Africa’s burgeoning pharmaceutical sector.

The Africa Investment Forum and AfDB have championed two initiatives that are driving trade integration and regulatory harmonization throughout Africa. These are the African Medical Agency and the Africa Continental Free Trade Area.

In order to realize further its set goals, the AfDB has approved funding of $127.8 million to Niger. The funds approved by the Board of Directors of the African Development Fund, the Group’s concessional arm, will be used for a project to open up access to farming and pastoral lands in the east of the country, along its border with Nigeria.

It has also approved a $125.3 million loan to finance the first phase of the Dodoma Resilient and Sustainable Water Development and Sanitation Program in Tanzania.

Specifically, the loan from the African Development Fund will cover the construction of a dam and water treatment plant to address supply challenges in Dodoma City and the towns of Bahi, Chemba and Chamwino.

As a lead partner of the 9th World Water Forum, it plans to earmark more than $5.6 million to support the forum, billed as the world’s largest international water-related gathering. The event will be an opportunity for attendees to gain a deeper insight into how the bank provides technical and financial support to regional member countries to ensure water security for sustainable development in their territories through its Water Development and Sanitation Department.

“As one of the leading financing institutions on the continent with a commitment to the development of Africa’s water and sanitation sectors, it is a natural fit for the African Development Bank to support the Government of Senegal in co-hosting this Forum,” said Beth Dunford, the Bank’s Vice President for Agriculture, Human and Social Development. “Failure is not an option when it comes to mitigating the imbalance between water needs and water availability to boost economic development and stability,” she added.

Last month, for instance, it approved a $1.4 million grant for enhancing private sector engagement and capacity building for refugees and internally displaced persons in fragile areas of northern Mozambique.

The project will be implemented by the global refugee agency UNHCR, collaborating with the Government of Mozambique. The grant is from the Transition Support Facility Pillar III.

Mozambique is host to 28,000 refugees and asylum seekers and over 735,000 people displaced by ongoing violence in Cabo Delgado Province. The majority of the internally displaced people remained in the province. An estimated 69,000 people moved to Nampula, and the remaining moved to the provinces of Niassa, Sofala, and Zambezia.

As the United States and European sanctions broadened due to the “special military operation”, largely directed at “demilitarization” and “denazification” in Ukraine, there are, undoubtedly, terrible impacts on the African economy: increase in the price of gas, oil, agricultural raw materials…et cetera.

There is also some African ambiguity about Russia, with the public seeing Putin as a strongman who would therefore have the right to decide on a country’s future security alliances while being very concerned about their sovereignty.

The Russia-Ukraine crisis that started on February 24, to a considerable extent, has affected a number of African countries. The AfDB plans to raise $1bn (£759m) to support agricultural production in Africa and shield the continent from potential food shortages arising from the Russia-Ukraine crisis.

Agricultural trade between the continent’s countries and Russia and Ukraine is significant. African countries imported $4 billion worth of agricultural products from Russia in 2020.

About 90% of these products were wheat, and 6% were sunflower oil. The main importing countries were Egypt, which accounted for almost half of the imports, followed by Sudan, Nigeria, Tanzania, Algeria, Kenya and South Africa.

The UN also says at least 15 African countries get more than half their wheat from the two warring nations. Somalia, Benin, Egypt and Sudan are the most dependent. “The AfDB sees these increases in prices of wheat, maize and soya beans as potentially going to worsen food insecurity and raise inflation,” Mr Adesina said.

The bank intends to organize a meeting of African finance and agriculture ministers to roll out that plan. Through the fund, AfDB wants to increase the production of wheat rice, maize and soya beans using climate-resilient technologies, including heat-tolerant and drought-tolerant crop varieties. The heat-tolerant wheat variety has already been experienced in Sudan and Ethiopia.

The Africa Investment Forum, launched in 2018, is a multi-stakeholder, multi-disciplinary platform that advances private and public-private partnership projects to bankability. It raises capital and accelerates deals to financial closure.

The Africa Investment Forum is an initiative of the eight founding partners including the African Development Bank; Africa 50; the Africa Finance Corporation; the Africa Export-Import Bank; the Development Bank of Southern Africa; the Trade and Development Bank; the European Investment Bank; and the Islamic Development Bank.

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Tether Forays into Sustainable Infrastructure With 70% Stake in Adecoagro

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Adecoagro Tether

By Modupe Gbadeyanka

To cement its strategic expansion into sustainable infrastructure, a global technology company, Tether Investments, has acquired a 70 per cent equity stake in a leading sustainable production company in South America, Adecoagro.

The majority acquisition builds on an initial investment into the company, marking a decisive step in Tether’s long-term strategy to become a key player in global, real-world infrastructure.

With majority ownership secured, Tether is now in a position to accelerate Adecoagro’s growth and align its board and operations with a forward-looking vision focused on renewable energy, efficient resource use, and regional development.

Recall that in September 2024, Tether bought a 9.8 per cent stake in Adecoagro for about $100 million in a bid to expand beyond digital finance and into real-world infrastructure, including energy, agriculture, data, and communications.

The move was part of Tether’s growing focus on leveraging its capital and technological expertise to invest in businesses that support economic freedom and long-term resilience in emerging markets.

“Our acquisition of Adecoagro reflects Tether’s commitment to advancing sustainable, real-world infrastructure in regions where investment has historically been limited.

“By aligning with in Adecoagro’s proven expertise in agriculture and renewable energy, we are taking another concrete step toward bridging traditional industries with the future of decentralized finance and economic empowerment,” the chief executive of Tether, Mr Paolo Ardoino, said.

Also, the chief executive of Adecoagro, Mariano Bosch, said, “Tether’s investment marks a turning point for Adecoagro.

“Their commitment to building sustainable infrastructure complements our mission and opens exciting new possibilities. I thank our departing Board members for their steadfast contributions and warmly welcome the incoming directors, whose experience will help propel us forward.”

With this latest deal, Tether has changed the board of Adecoagro, with Mr Juan Sartor appointed as the new chairman.

He said, “This partnership with Tether brings a new era of opportunity for Adecoagro. We look forward to scaling the company’s impact in sustainable agriculture and energy, reinforcing capital discipline, and unlocking long-term value across South America.”

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Results of the IV Forum Russia-Africa: What’s Next?

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Russia-Africa,Youth Forum

By Kestér Kenn Klomegâh

“The Fourth Forum “Russia-Africa: What’s Next?”, which took place from April 22 at MGIMO University of the Russian Foreign Ministry, concluded on April 25, 2025. The event confirmed its status as an authoritative platform for discussing key areas of cooperation between Russia and the countries of the African continent. This year, the Forum brought together 1,500 participants, including representatives of 41 African countries.

The business program included more than 30 events, including expert and panel discussions, round tables, creative brainstorms and other interactive sessions devoted to education, sports and space diplomacy, energy partnership, scientific cooperation, humanitarian interaction and information security. The Forum also included sessions organized jointly with the Center for Global and Strategic Studies and the Council of Young Scientists of the Institute of Africa of the Russian Academy of Sciences, the OIE Laboratory of the Institute of Europe of the Russian Academy of Sciences, the I.S. Turgenev, as well as the MGIMO Law Club.

Participants had the opportunity to exchange opinions and develop new approaches to developing relations between Russia and Africa. Particular attention was paid to the sports and cultural program, which allowed participants to immerse themselves in the atmosphere of the African continent and experience its diversity and color.

On the first day of the Forum, the II Russian-African Spartakiad was held, which included sports competitions in football, volleyball, and basketball. Dozens of heads of African diplomatic missions accredited in Moscow, as well as representatives of various Russian ministries and departments, attended the grand opening of the IV Forum “Russia-Africa: What’s Next?”.

The ceremony was hosted by I.V. Tkachenko, Attaché of the Department of African States (sub-Saharan Africa) of the Russian Ministry of Foreign Affairs, Executive Secretary of the Forum’s Program Committee. Russian Foreign Minister S.V. Lavrov addressed the participants with a video message. Advisor to the President of the Russian Federation A.A. Kobyakov also delivered a welcoming speech. Among the honored guests were MGIMO Rector, Academician of the Russian Academy of Sciences A.V. Torkunov, Deputy Minister of Foreign Affairs of the Russian Federation M.L. Bogdanov, Russian Senator, member of the Federation Council Group for Cooperation with African Parliaments A.V. Voloshin, Chairman of the State Duma Committee on International Affairs L.E. Slutsky, Honorary President of the Institute of African Studies of the Russian Academy of Sciences A.M. Vasiliev, Deputy Director General of ITAR-TASS M.V. Petrov, Head of the Department for Work with Government Agencies and Diplomatic Missions of African Countries, Consultant on Interaction with Africa Jose Fernando Sambo, as well as Chairman of the Council of Young Diplomats of the Russian Foreign Ministry E.M. Akopyan.

During his speech, Igor Tkachenko, together with MGIMO Rector A.V. Torkunov and Deputy Minister of Foreign Affairs of the Russian Federation M.L. Bogdanov, put forward the initiative to organize a Youth Day as part of the upcoming Russia-Africa summit in 2026. This proposal, aimed at strengthening intercultural dialogue and developing youth cooperation between the countries, received the support of the event participants.

Vice-Rector for Youth Policy, Social Work and International Relations Stanislav Igorevich. In his speech, Surovtsev emphasized that one of MGIMO’s main priorities is training new generation leaders who are ready to participate in implementing large-scale cooperation projects with African countries in all areas.

Stanislav Igorevich also noted that MGIMO traditionally acts in the forefront of educational partnership with Africa, relying on the rich traditions that were laid down in Soviet times and have survived to this day. Leading Russian and foreign experts took part in the Forum, including Director of the Department of Partnership with Africa of the Russian Foreign Ministry T.E. Dovgalenko, Deputy Director of the Department of International Organizations of the Russian Foreign Ministry V.E. Sergeev, Ambassador-at-Large of the Russian Foreign Ministry S.S. Belousko, State Duma deputies N.V. Novichkov, D.V. Kuznetsov, I.A. Filatova, representatives of major news agencies, as well as business and scientific circles.

The headliners of the Forum were the consultant on interaction with Africa Jose Fernando Sambu, the executive chairman of the African Youth Commission Marubini Muswede and the CEO of StudEx Group Tumelo Ramaphosa. The following exhibitions were presented on the sidelines of the IV Forum “Russia-Africa: What’s Next?”: “Africa: Past and Present…”, “Chroniclers of History”, and “Explore Uganda”, organized jointly with the Moscow Financial and Law Academy, the magazine “New Regions” and the Embassy of the Republic of Uganda, respectively.

The grand opening of the exhibitions took place on April 23 with the participation of the Rector of the Moscow Financial and Law Academy A.G. Zabelin, the Vice-Rector of MGIMO S.I. Surovtsev, the Deputy Executive Secretary of the Forum’s Program Committee, MGIMO analyst V.V. Zhuchkov and the Chairman of the Student Secretariat of the Forum V.G. Avetisyan.

The final event of the Forum was the Russian-African concert, which brought together talented performers from Russia and African countries on one stage. The cultural program included a variety of musical and dance numbers reflecting the rich heritage, culture and traditions of both regions.

Following the IV Forum, a number of fundamental documents were signed, including agreements on cooperation in the field of education and science with the Africa House organization and the Madagascar-Russia Brotherhood Association.

During the closing ceremony, consultant on interaction with Africa José Fernando Sambou, executive chairman of the African Youth Commission Marubini Muswede, as well as attaché of the Department of African States (Sub-Saharan Africa) I.V. Tkachenko and deputy executive secretary of the Forum’s Program Committee, MGIMO analyst V.V. Zhuchkov signed the final resolution of the Forum.

The partners of the event were the Russian Ministry of Foreign Affairs, Rossotrudnichestvo, the Roscongress Foundation, the Directorate of the World Youth Festival, as well as CMR Bank, Priority 2030 and the MGIMO Endowment. The general information partner was TASS, media coverage was also provided by Russia Today and the African Initiative. IV Forum “Russia-Africa: What’s Next?” became a confirmation of the mutual interest of the parties in developing cooperation and identified promising areas for further joint work.

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A7 African Cargo Lines Connecting West Africa With Russia

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A7 African Cargo Lines

By Kestér Kenn Klomegâh

Today, boosted by the Kremlin’s diplomatic push and support from the Ministry of Foreign Affairs’ Department of Partnership, Russian companies are moving with multitude of development projects and corporate entrepreneurial investments into Africa. St. Petersburg summit has also charted the roadmap cum well-designed strategies for boosting the entire bilateral economic cooperation with the continent whose endowed resources include the huge human capital.

The geography of Russia-African economic cooperation is steadily expanding. As previously reported, the Russian Industry and Trade Ministry, since the beginning of 2025, approximately 150 Russian companies have moved into Africa. And with Africa, ready to engage in priority partnerships, the Russian registered company called A7 African Cargo Lines LLC (A7 ACL, Moscow) has started its logistics and shipping services to West Africa. According to the Unified State Register of Legal Entities, A7 African Cargo Lines LLC (A7 ACL, Moscow), was registered on April 17, and has its primary activity listed as railway freight transportation.

“We intend to operate in West Africa,” the Board Chairman Andrei Severilov, told Interfax regarding the company’s establishment. “At the first stage, with the assistance of the Russian trade mission in Nigeria, we are implementing a project to establish a direct shipping line,” Severilov said. According to the news report, the launch of a maritime route between Novorossiysk and Nigeria’s port of Lagos is planned for mid-June, with two container ships chartered for the line’s inauguration, each with a capacity of 700 twenty-foot equivalent units (TEU). Future plans also include establishing maritime connections with Senegal (Dakar port).

Severilov previously owned a 23.8% stake in PJSC Far Eastern Shipping Company (FESCO, the parent company of FESCO Transportation Group). In September 2024, Severilov announced his intention to re-enter the transportation business and established the asset management company A7 African Cargo Lines LLC (A7 ACL, Moscow), with a focus on Africa and primarily targeting to get substantive returns, in terms of, profits. It’s unique decision to take up logistics connecting Africa’s transport market is poised for significant trade growth, by transporting goods across the region and for exports to Europe.

By building a new shipping line that would connect the West Africa, first through Nigeria promises raising trade. Nigeria is Africa’s most populous nation and its largest economy. Nigeria is a key member of the African Continental Free Trade Area (AfCFTA), which is fostering intra-African trade and economic integration. In addition to above factors, Russian companies are showing increased interest in Nigeria, for example in reviving the countries largest steel plant. There is also interest in investing in Nigeria’s energy sector.

Undoubtedly, establishing A7 African Cargo Lines LLC (A7 ACL, Moscow) could be an explicit opportunity for promoting trade by its logistics infrastructure. Reports indicate that Russia’s exports to Nigeria currently amount to about $1.51 billion, mainly consisting of refined petroleum, wheat, and malt, while Nigeria exports a small amount to Russia, primarily cut flowers, other oily seeds, and nuts.

Further to that, the overall Africa’s trade statistics at the end 2024, soared to a record of $24.5 billion from the previous figure, approximate $20 billion that came up during the special panel discussions in 2023 when the second Russia-Africa summit was held in St. Petersburg, the second largest city in the Russian Federation.

By the next Russia-Africa summit slated for 2026, with high anticipation of more Russian enterprises dominating the African landscape, in spite of the existing complexities and challenges would extend or broaden the sphere of economic influence in the context of geopolitical power shifts being capitulated by the Western powers and President Donald Trump of the United States.

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