World
Africa At Valdai and First Ministerial Conference: Assessing What Next for Russian-African Partnership?

By Kestér Kenn Klomegâh
At the Valdai Discussion Club’s meeting held on 7th November 2024, President Vladimir Putin at the plenary session continued to build indepth discussions on Russian and African bilateral relations, Russia’s passion to support Africa’s attainment of economic sovereignty. It was explicitly noted, and this noticeably reflected in the declarations adopted after the first and second Russia-Africa summits, that Africa needs to liberate itself from the trapings of neo-colonialism of the United States and Europe.
That was not the first time. Valdai’s experts have been interested in Russia’s policy in Africa, particularly in this contemporary era of evolving multipolar architecture and new world political order. Africa is an integral part of the focus in the Global South. Russia has already held two symbolic summits and outlined certain economic directions for Africa. In practical terms, Russia with its previous experience with Africa during the Soviet times, now has the potential to assert as an investment leader in Africa. African leaders have unreservedly expressed their preparedness for mutual economic cooperation and in other fields, voiced their support for building a new world order through the association BRICS+ (Brazil, Russia, India, China and South Africa).
Given the proven fact that Russia certainly has both the financial and technological capability for investing in public infrastructure, in addition to providing necessary security in conflicting regions in Africa. Conflicts in Africa are partially as a result of under-development, and persistent weak economic development and rising levels of unemployment in the society. It is abundantly clear that with its multivectoral foreign policy, Russia has presented itself as a reliable partner, and currently is leading African countries to confront western hegemony, political exceptionalism and dominating power. It has offered guarantees of being in position to support Africa to attain its economic sovereignty but, for now, largely remained as a virtual investor. Russia’s economic presence in Africa is still comparatively weak, even after the symbolic summits held in Sochi and St. Petersburg.
Notwithstanding, African leaders consider efforts at reforming international institutions and Africa’s incorporation into their structures would facilitate the process of attaining a better economic status, enable the expected transitions from the current trends of neo-colonialism and further move away from blames of state management inefficiency, development unsustainability and frustration of democracy. Across the continent, leaders and the elites have shown their inability to mitigate crises and to mobilise sufficient resources, including financing and human for promoting their sustainable development goals.
Undeniably, the Valdai Club represents a critical area of research for humanity, experts dive into useful details or debate the causes of ongoing developments now around the world. In his contribution at Valdai, an Indian expert Rasigan Maharajh, rightly explained that “common security can only be enhanced by actively reducing these inequalities in world systems, actively promoting knowledge sharing, and ensuring equitable opportunities for the development of all and sundry.” And the global majority seems to obviously prefer multipolarity.
As relations are developing, moving ahead with concrete policy decisions should be an ideal direction. Quite often, there has been a lot of positive momentum in developing remarkable cooperation, several bilateral agreements have been signed and yet little noticeable results. Russians get irritated by the statement indicating little impact after series of business meetings, conferences and summits.
At the Valdai meeting, Professor Irina Abramova, Director of the Africa Studies Institute had the opportunity to ask Vladimir Putin a few questions relating to Africa. Specifically she wanted to know Putin’s views over the impact of Russia’s relations with Africa based on the fact that Putin has repeated his popular phrases, at the Kazan’s BRICS press conference that Africa, together with Southeast Asia, are new centers of global growth. Today, at Valdai meeting, Putin repeated this same idea.
Professor Abramova, in addition, stressed the fact that in the conditions of fierce competition – China, India, and old global players, and even Turkey, the (Persian) Gulf countries, and Iran are working seriously in the continent, – Russia needs to find its niche, where it would be the best for Africans. But, dozens of negotiations with African leaders have been held these several years, with some more than once. Was there any one promising direction in these negotiations that all African leaders would talk about?
As expected, Putin reiterated all those popular Soviet-style rhetoric, ultimately reflecting the historical support for Africa to attain political independence from colonial rule, western exploitation and for sovereignty, for the creation of some basic conditions for economic development. Officials have indicated that colonial trends in the African political system and economic spheres constitute impediments for Russia to effectively invest in Africa.
Without mincing words, Putin stressed further at the Valdai meeting: “these neo-colonial instruments have been preserved in the economy by Western countries, but also in the field of security. In general, we will work intensely, responsibly, systematically in all directions.”
The first Russia-Africa ministerial conference was also held, on 9–10 November 2024, in southern coastal city of Sochi as per the decisions reached at the Second Russia–Africa Summit. The business programme included around 20 panel sessions and thematic events focusing on perspectives for Russia–Africa cooperation in the areas of security, economics, and humanitarian engagement. It aimed at building on the outcomes of the Second Russia–Africa Summit, bringing together more than 40 foreign ministers from Russia and Africa, the African Union Commission, and executive bodies of regional integration organizations. In attendance were approximately 1,500 representatives from financial institutions, Russian and African businesses, civil society, academia, and the media.
There was, as always, those similar themes for dialogue between Russia and Africa. “Cooperation with the countries of the African continent is now one of the common priorities, noting that there are existing wide prospects for cooperation as demonstrated by the large numbers of African partners to the conference,” stated Anton Kobyakov, Adviser to the President of the Russian Federation, Executive Secretary of the Organizing Committee for Russia–Africa at Roscongress Foundation.
Available on the Kremlin website, Vladimir Putin greetings to the first ministerial conference participants read: “African countries enjoy a growing prestige on the international stage. By pursuing a constructive and peace-loving foreign policy, they are playing an increasingly important role in addressing major international matters. For its part, Russia attaches particular importance to strengthening relations with its African partners. We are united by our aspiration to building a just multipolar world order based on genuine equality and the rule of law and any form of discrimination.”
In absolute terms, Russia showed preparedness to facilitate the implementation of large infrastructure projects, without publicly mentioning financial allocation. It further pointed to issues of promoting the development of trade and economic relations between Russia and Africa, while emphasizing on the possibility of creating favourable environment and conditions.
There is absolutely no need to repeat multi-dimensional contents from speeches of President Vladimir Putin and that of Foreign Minister Sergey Lavrov here. But an insight into all the previous official statements, there have already been layout steps for concrete areas of cooperation. What remains are valuable and thorough examination of Russia’s potential focused directions in Africa policy. Many have indicated that Russian and African leaders really have to take off existing barriers for promoting economic development, and this could have positive implications for African countries, and particularly for Russia as one of the leaders of the emerging multipolar world.
Aside setting priorities, Russian and African leaders working-style of state-to-state and government-to-government format, both have to broaden joint parameters to include the private sector operatives, the civil society, entrepreneurial diaspora, youth and women, to pave pathways for broader relationship between Russia and African countries. The questions arising from the historic first ministerial conference provided an additional strong basis, and one more step forward, especially coordinating the implementation of joint projects involving potential Russian operators in the spheres of trade, economic and investment partnership, and embrace new mechanisms and on suitable ways to bolster multifaceted relations between Russia and Africa.
World
US Coast Guard Lauds Nigeria’s Port Security Efforts

By Adedapo Adesanya
The United States Coast Guard has commended Nigeria for considerable progress in implementing the International Ships and Ports Facility Security (ISPS) Code.
The commendation came from Mr Joe Prince Larson of the US Coast Guard who led a team from the International Port Security Programme on a Working Tour of some Terminals and Ports in Nigeria to ascertain the level of implementation of the ISPS Code across Nigerian ports facilities.
The evaluations, which commenced last year as part of a three-year plan, are geared towards providing actionable insights and data-based decisions to lift the Condition of Entry (CoE) placed on vessels departing Nigeria for the US.
According to the Nigerian Maritime Administration and Safety Agency (NIMASA), the team had earlier conducted assessment visits to the Dangote Port and Lekki Free Trade Zones in Lekki, Lagos State, as well as private port facilities operated by Matrix and Julius Berger in Warri, Delta State.
While delivering an interim assessment report to NIMASA Management, Mr Larson noted that Nigeria’s compliance with the ISPS Code ranks amongst the best globally.
He added that his team would report their findings to the leadership of the US Coast Guard accordingly and expressed confidence that NIMASA had the capacity to maintain the high standards attained to date.
“We had the pleasure of visiting Matrix and Julius Berger in Warri, Delta State, before proceeding to the Lekki Deep Seaport and Dangote Port in Lagos, with the overall assessment being very positive.
“We noted that there is a clear and deep understanding on the implementation of the ISPS Code in Nigeria with the level of compliance observed to be at par with some of the best maritime nations globally. We would report our findings back to US Coast Guard headquarters accordingly.”
On his part, the Director General of NIMASA, Mr Dayo Mobereola, reaffirmed the agency’s commitment to maintaining the improved compliance standards at Nigeria’s ports.
He highlighted the positive impact of these efforts on the country’s international reputation, adding that the agency would continue to support efforts under the Minister of Marine and Blue Economy, Mr Adegboyega Oyetola, to improve standards in the Nigerian maritime industry.
According to him, “I must express my happiness at the positive feedback we have received from the USCG delegation as it serves as reward for the Federal Government’s commitment to the develop of the sector, and the work of the Agency, under the supervision of the Federal Ministry of Marine and Blue Economy, to ensure international standards are adhered to in the area of port security.”
World
Somalia Joins Afreximbank as 53rd African Member

By Adedapo Adesanya
Somalia has formally joined the African Export-Import Bank (Afreximbank), becoming the 53rd African member state of the African multilateral financial institution.
Somalia has been shaped by decades of conflict, political instability, and lack of central governance, which has strongly weakened its economic strength.
Its Afreximbank membership is touted to place the country on a path of sustainable economic transformation, upgrading of the country’s trade and industrial infrastructure, and most importantly joins the rest of the continent in the push towards continental integration and self-reliance through the African Continental Free Trade Area (AfCFTA).
In the instrument of accession signed by Mr Hirsi Jama Gani, State Minister, Office of the Prime Minister, Somalia notified Afreximbank that Somalia “accepts, and hereby accedes, to the Agreement for the Establishment of the Bank” and pledged to undertake all necessary steps to expedite ratification of the Agreement.
“On behalf of the Government of Somalia and its people, I sincerely thank Afreximbank for its efforts that led our country to become a member state of the Bank. This milestone agreement signals our commitment to becoming a key player in regional and continental development, especially through trade, under the framework of the African Continental Free Trade Area (AfCFTA). This partnership is significant to Somalia’s ongoing reconstruction and economic diversification efforts, opening doors for financial and technical support.”
“We urge Afreximbank to accelerate the implementation of its programs and initiatives in Somalia, aligning them with Somalia’s National Development Plan and helping it meet its ambitious development goals. This is a critical step in realising the full potential of our country and for Somalia to regain its position as a strategic trade hub within East Africa,” Mr Ganni added.
On his part, Mr Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank, emphasised the mutual benefits to both parties.
“This is a significant milestone as it widens the opportunity for the Somali public and private sectors to access financing and other related interventions that addresses their real needs. By joining the Bank, Somalia embarks on a new journey of pursuing its developmental aspirations on its own terms, backed by unwavering support from Afreximbank, a bank with proven track record of supporting its Participating States in good and bad times.
“Today, we begin a collective journey to enable the Somali economy to realise the maximum value from its natural resources while hastening its integration into the African Continental Free Trade Area.”
On his part, the Governor of the Central Bank of Somalia, Mr Abdirahman Abdullahi said Afreximbank’s visit to Mogadishu was timely as it came just after Somalia joined the East African Community regional trade bloc in 2024, and successfully completed the Highly Indebted Poor Countries (HIPC) debt relief process.
“The Somali people are renowned for their trade and entrepreneurial spirit, and I urge the business community in Somalia to fully leverage the opportunities offered by Afreximbank under its financing programs, to expand their reach, drive sustainable growth, and contribute to a more connected and competitive economy,” he said.
World
AfricInvest Gets €15m Funding Support for African SMEs

By Modupe Gbadeyanka
A funding support of up to €15 million has been provided by Swedfund for small and medium-sized enterprises (SMEs) across Africa.
The money would be managed and disbursed by a private equity initiative, AfricInvest Small Cap Fund.
AfricInvest integrates environmental, social and governance (ESG) principles with a focus on gender equality and sustainability.
The fund aims to invest at least 30 percent of its portfolio in companies that are women-led or have significant female ownership.
Moreover, climate-related objectives will be embedded in the investment process.
Swedfund’s support will help ensure that African SMEs have the resources and guidance they need to grow responsibly and effectively.
With decades of experience and a strong presence across the continent, the fund aims to invest in a range of sectors including agribusiness, healthcare, education, consumer goods, manufacturing and services, and is therefore well positioned to contribute to economic growth and social development.
The choice of SMEs is because they are a cornerstone of economic development, driving job creation and innovation.
However, many companies face significant barriers to accessing capital. This indirect investment can enable more growth-oriented investments to unlock the full potential of SMEs in Africa.
Commenting on the funding support, the Investment Director for Sustainable Enterprises at Swedfund, Sofia Gedeon, said, “This investment will allow Swedfund to expand its support for underserved businesses across Africa.
“AfricInvest aligns its investments with measurable sustainability outcomes, allowing us to drive economic growth, create jobs and promote greater inclusion. At the same time we set new benchmarks for responsible investing.”
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