World
Affordability and Hospitality Attracting Foreign Students to Siberian University
By Professor Maurice Okoli
Russia has undergone significant changes after the Soviet’s collapse. In the past thirty years, Russia has engaged in a gamut of structural shifts as aspects of its stages of transformation from the Soviet era. Those measures have noticeably impacted various sectors including education.
In this article, we are specifically focusing on the structural innovations that the largest North-Eastern Federal University has introduced in its operations and in academic curriculum, in addition, it provided an environment to meet the challenges of learning vocational skills, technical engineering, and medical specialities for both local and foreign students in this contemporary times.
Situated in the vast Siberian region, in the city of Yakutsk (Sakha Republic), and has two other campuses in Sakha (in Mirny and Neryungri), North-Eastern Federal University is one of Russia’s ten federal universities with a 90-year history, officially established in April 2010, within the system of reforms carried out in Educational Institution of Higher Education. It is interesting to note, in the first place, that the North-Eastern Federal University was named after Maxim Kirovich Ammosov, a prominent statesman, an outstanding son of the Yakut people, one of the founders of the state of Yakutia and Kyrgyzstan.
Over the past decade, this university has focused on solving geopolitical problems and meeting the human resources needs of the large inter-regional investment projects in the Russian Federation. With this human resource training in mind, it has broadened the geography of admission and extended the chance for foreign students, particularly from Asia and Africa. These students highly appreciate its (university’s) well-developed infrastructure of scientific and educational complex which has modern equipment for learning and training and for the development of basic and applied research in all the specialities.
The university’s annual reports (2021 and 2023) show that Asian and African students are primarily attracted due to affordability, a classic learning environment, and intercultural friendships. With increasing popularity during the past few years, applications have surged, and significant strides have also made it possible to appear in QS University Rankings of BRICS, the informal association of Brazil, Russia, India, China, and South Africa. The ascension of new members such as Ethiopia, Egypt, Iran, Saudi Arabia, and the United Arab Emirates, further offers signals of hope for more foreign students moving to this region.
Recognizing its true potential for expansion, the university officials have frequently visited Asian countries such as China, India, and Vietnam, and also several African countries including Cameroon, Ethiopia, Egypt, Morocco, Nigeria, and South Africa. Foreign students are offered several scholarships and study grants, contract students are given discounts for meeting certain basic conditions and criteria.
Dr Anatoly Nikolaev, the amiable rector of the North-Eastern Federal University, often refers to his university as one of the unique educational hubs created, within the framework of post-Soviet transformational changes, to radically address the challenges and opportunities of Russia’s burgeoning corporate business sector and dynamic entrepreneurial landscape. It has adopted several innovative measures and the necessary educational tools to navigate the labour market by introducing asynchronous learning modules, providing a comprehensive and engaging approach to application and learning processes.
“Ultimately, in today’s changing labour market, our local and foreign graduates easily secure employment in different sectors based on the shared skills and knowledge acquired in NEFU. On our persuasive part, we encourage our staff to focus on teaching aspects of the curriculum such as comprehensive innovation, strategic thinking, and ethical leadership in real-world contexts. With Russia’s role and status rising in the global community, so also we as educators and trainers have to review and restructure our educational assertiveness and dynamics to make a wide-ranging impact and integrate into the competitive regions and in the changing world,” underlined by Dr Anatoly Nikolaev.
Northeastern Promise
At Northeastern, the university believes in your future. It also believes that financing your education is a partnership that continues throughout your enrollment, not just for your first year. Its commitment is reflected in the unique Northeastern promise. The promise enables students to plan for the entire cost of their academic degrees. Under the promise, it guarantees the following:
- The North-Eastern Federal University is dedicated to meeting the full demonstrated need of each admitted student eligible for federal financial aid.
- The University scholarship and grant funds will not be reduced during your undergraduate program (for up to eight in-class semesters).
- The university’s need-based grant funds will be increased annually at the same percentage rate as the increase in tuition.
- The University supports that if a student’s family experiences a substantial negative change in financial circumstances, it re-evaluates the aid package and makes available all financial resources for which s/he qualifies.
- The University guarantees students discover their field of study interests and scope provided by the university degree whereas the parents get all their answers regarding the safety and comforts of the students during their stay.
Vice-Rector’s Assessment
Mr. Niurgun Romanovich Marksimov, Vice-Rector in charge of International Cooperation, at the North-Eastern Federal University, has emphasized some important points, summarized as follows: There are simple great reasons to study at the North-Eastern Federal University: the first is to learn the Russian language and delve into Russian culture and also interact with foreigners. It gives the chance to know, first-hand, the classic question of whether or not Russia is a European country, its landscape, and its enormous resources. It’s often said that Russia’s charm lies in its people. And finally, it is a way to broaden one’s horizon by studying at this world-class university.
The undergraduate student population numbers over 16,000, while more than 2,000 students are engaged in postgraduate work. 1,081 academic staff are employed at the university. Of these 150 hold doctor’s degrees, 692 are candidates for science degrees. The university consists of 5 research institutes, 12 institutes, 5 faculties, and 3 branches – the Polytechnic Institute in the town of Mirny, the Technical Institute in the city of Neryungri, and the Chukotka branch, which was opened in late 2010 in the city of Anadyr and 2 colleges and 1 Lyceum.
The university has a well-developed infrastructure of scientific and educational complex has modern equipment for the development of basic and applied research. One of the major components of the campus is modern, comfortable dormitories, fully furnished with modern requirements. Non-residents and international students create a comfortable living environment and education, as academic buildings are within walking distance of the campus.
Advantages of Studying in Siberia
Generally, the education system of Russia has made a mark in terms of infrastructure, technology, and quality of education. At present, Russia is one of the top destinations for international students who want to pursue their higher studies in medicine and science abroad. The medical universities of Russia are well-recognized all over the world.
There is a wide choice of promising specialities, unique experiences, and recognized diplomas. Russia has so many international treaties on the recognition and equivalence of documents on education. Natural and scientific education in Russia is one of the best in the world. Russia occupies a leading place in the level of training of mathematicians, physicists, chemists, geologists, doctors, and specialists in many other areas.
Russia has a high theoretical level of education, and good fundamental training, and ensures the success of the graduate in the professional field. Among the graduates of Russian universities – are presidents, heads of parliaments, ministers, well-known public and political figures, and prominent scholars of almost all states of the world.
As popularly known, Russia is not only a great destination for students but also a beautiful country to visit as a tourist. The cost of living is very affordable for foreign tourists. The people of Russia are very friendly and helpful. Being a large country by area, Russia has diverse climatic conditions in various regions.
Future Expectations and Perspectives
According to Mr Niurgun Romanovich Marksimov: “the ultimate truth is that we are prepared to give our students sufficient intellectual power and knowledge, the potential capability of learning something new and, of course, to introduce them to a more critical thinking in society.”
The North-Eastern Federal University welcomes prospective Russian and foreign students every September, the start of the academic year. As generally required, it provides all students with a distinct edge in their future professional endeavours and employment careers.
Russia, the largest country in the world covering more than one-eighth of the land area, is located in in northern Eurasia. Moscow, the capital city of Russia is one of the largest cities in the world. Russia is also one of the five members of the Eurasian Economic Union (EEU), along with Armenia, Belarus, Kazakhstan, and Kyrgyzstan. The country shares its borders with Norway, Finland, Estonia, Latvia, Lithuania, Poland, Belarus, Georgia, Kazakhstan, China, Mongolia, and North Korea.
Professor Maurice Okoli is a fellow at the Institute for African Studies and the Institute of World Economy and International Relations, Russian Academy of Sciences. He is also a fellow at the North-Eastern Federal University of Russia. He is an expert at the Roscongress Foundation and the Valdai Discussion Club. As an academic researcher and economist with a keen interest in current geopolitical changes and the emerging world order, Maurice Okoli frequently contributes articles for publication in reputable media portals on different aspects of the interconnection between developing and developed countries, particularly in Asia, Africa, and Europe. With comments and suggestions, he can be reached via email: [email protected].
World
Russia, Tanzania Boost Bilateral Economic Ties
By Kestér Kenn Klomegâh
From Africa’s perspectives on attaining economic sovereignty, Tanzania, located in East Africa, has seriously begun showing the investment model as Russia pledges tremendous support during the meeting of the Russian-Tanzanian intergovernmental commission in Arusha, in mid-May 2026. Russia is undertaking various development projects as well as addressing bilateral issues relating to investment, trade and innovation on the African continent, and described Tanzania as the gateway to the broader East African region.
Step 1: Gazprom is interested in implementing comprehensive gas projects in Tanzania, according to the report issued by the Ministry of Economic Development. It says Gazprom, in addition to selling natural gas, LNG, and petrochemical products, is ready to supply technologies and equipment for gas production, processing, transportation, and sales. It says Gazprom is continuing its work on a pilot project launched last year to supply two mobile gas tankers to Tanzania.
NOVATEK has also indicated its preparedness to participate in natural gas exploration and production projects in Tanzania, and for now, the staff are awaiting information on the date of the fifth round of license allocation for exploration blocks, as well as on the acquisition of blocks outside the tender process—specifically, at the Ntorya field. “Tanzania has significant resource potential, and the economy’s growing demand for electricity and fuel opens up significant opportunities for joint projects. The current situation in the Strait of Hormuz compels us to seek new solutions to ensure that it does not reduce economic growth on the African continent, and particularly in Tanzania,” said Maxim Reshetnikov, head of the Ministry of Economic Development, speaking at a meeting of the Russian-Tanzania intergovernmental commission in Arusha.
Step 2: Russia and Tanzania plan to sign a memorandum of cooperation in tourism in Moscow. In June, as part of the “Travel!” forum in Moscow (June 10-14), the Tanzanian delegation was already given the invitation to participate, noted Reshetnikov while further explaining that Russia is interested in launching direct air service between the two countries, which would “give a powerful boost to tourism development.”
Air Tanzania’s initiative to launch flights from Moscow to Dar es Salaam, with high hopes that Russia and Tanzania will complete the necessary procedures for the entry into force of the new air traffic agreement as quickly as possible. In particular, officials are awaiting notification from the Tanzanian side regarding the entry into force of this agreement.
Air Tanzania will begin flights from Dar es Salaam, Tanzania’s largest city, on May 28. According to the online flight information at the capital’s Vnukovo Airport, flights on this route will include a stopover on the island of Zanzibar. Flights will operate three times a week, on Tuesdays, Thursdays, and Saturdays. The program will run until October 24.
Step 3: Tanzanian President Samia Suluhu Hassan is expected on an official state visit to Russia in June, and that will boost bilateral trade and investment, and provide an additional impetus to developing mutual cooperation.
“In preparation for the upcoming high-level meeting, I propose discussing both promising areas and specific projects… and identifying key areas for further cooperation. In addition to trade, these include energy, transport, industry, agriculture, tourism, science, and education,” Reshetnikov said.
The Tanzanian delegation is expected to participate in the St. Petersburg International Economic Forum, which will be held from June 3 to 6. Usually, at the St. Petersburg forum, the African agenda is of great importance. The programme includes the Russia-Africa Business Dialogue, which, since 2016, has been the annual meeting place for representatives of Russian and African business and official communities. Roscongress Foundation organises it.
World
AFC Backs Future Africa, Lightrock in $100m Tech VC Funding Bet
By Adedapo Adesanya
Infrastructure solutions provider, Africa Finance Corporation (AFC), has committed parts of a $100 million investment to fund managers—Future Africa and Lightrock Africa—to boost African tech venture backing.
The commitment to Lightrock Africa Fund II and Future Africa Fund III is the first tranche of a broader deployment, AFC noted.
The corporation added that it is actively evaluating a pipeline of additional Africa-focused funds spanning a range of strategies and stages, with further commitments expected in the near term.
This is part of its efforts to plug a persistent gap in long-term institutional capital on the continent, which constrains the development and scaling of high-potential technology businesses across the continent, especially with a drop in foreign investments.
“Through this commitment, AFC will deploy catalytic capital in leading Africa-focused technology Funds and, in particular, African-owned fund managers,” it said in a statement on Monday.
AFC aims to address the underrepresentation of local capital in venture funding by catalysing greater participation from African institutional investors and deepening local ownership within the ecosystem.
Despite some success stories on the continent, local institutional capital remains significantly underrepresented across many fund cap tables, with the majority of venture funding continuing to flow from international sources.
AFC’s commitment is designed to shift that dynamic, according to Mr Samaila Zubairu, its chief executive.
“Across the continent, young Africans are not waiting for the digital economy to arrive; they are seizing the moment — adopting technology, creating markets and solving real economic problems faster than infrastructure has kept pace. That is the investment signal.
“AFC’s $100 million Africa-focused Technology Fund will accelerate the convergence of growing demand, rapid technology adoption, youthful demographics and the enabling infrastructure we are building.
“Digital infrastructure is now as fundamental to Africa’s transformation as roads, rail, ports and power — enabling productivity, payments, logistics, services, data and cross-border trade, while creating jobs and industrial scale.”
Mr Pal Erik Sjatil, Managing Partner & CEO, Lightrock, said: “We are delighted to welcome Africa Finance Corporation as an anchor investor in Lightrock Africa II, deepening a strong partnership shaped by our collaboration on high-impact investments across Africa, including Moniepoint, Lula, and M-KOPA.
“With aligned capital, a long-term perspective, and a shared focus on value creation, we are well positioned to support exceptional management teams and scale category-leading businesses that deliver attractive financial returns alongside measurable environmental and social outcomes,” he added.
Adding his input, Mr Iyin Aboyeji, Founding Partner, Future Africa, said: “By investing in AI-native skills, financing productive tools such as phones and laptops, and expanding energy, connectivity and compute infrastructure, we can convert Africa’s greatest asset — its people — into critical participants in the new global economy. AFC’s US$100 million commitment is the anchor this moment demands.
“As our first multilateral development bank partner, AFC is sending a clear signal that digital is as fundamental to Africa’s transformation as agriculture, manufacturing and physical infrastructure. We trust that other development finance institutions, insurers, reinsurers and pension funds will follow AFC’s lead.”
World
Dangote Secures Uganda’s Support for East African Refinery Ambition
By Adedapo Adesanya
Dangote’s East African refinery plan gained momentum as Ugandan President Yoweri Museveni threw his support behind the proposed project following talks with Mr Aliko Dangote.
In a tweet posted on X (formerly Twitter) on May 17, 2026, the Ugandan President announced that he had met with the Nigerian billionaire at Nakasero, and revealed that the meeting centred around the development of a proposed 650,000 barrels per day regional oil refinery in East Africa.
Mr Museveni emphasised adding value by refining oil locally rather than exporting crude, to maximise economic and strategic benefits for the region.
He called for greater regional cooperation and market integration in East Africa, highlighting the importance of large-scale projects for shared prosperity.
Business Post has earlier reported that Kenya has been positioned as the central player following Tanzania’s recent denial of its support of the project.
Mr Dangote said the East African country was his preferred choice due to its established fuel logistics network and port infrastructure serving several neighbouring countries.
In the latest development, the Ugandan president explained that his primary focus remains on value addition.
He detailed why Uganda has historically refrained from exporting raw crude oil, arguing that doing so allows foreign entities to exploit the country’s natural resources and reap the financial rewards of refined products.
“Without refining our oil, it would not make economic or strategic sense to simply export crude oil while others benefit from the finished products,” Mr Museveni stated.
The president expressed strong support for a larger regional refinery, describing it as a crucial step toward “African integration and shared prosperity.”
He further emphasised that East African nations must move past an individualistic mindset and overcome fragmented markets, urging regional cooperation to execute large-scale projects that benefit the entire populace.
“We cannot continue operating in fragmented and weak markets,” Mr Museveni wrote. “If East Africa works together, such projects become more viable and beneficial to our people.”
“Uganda is ready to support the regional refinery initiative while also continuing with the development of our own refinery in Hoima,” he added.
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