World
BRICS and Africa: Balancing Interest Between Geopolitics and Development
By Kestér Kenn Klomegâh
BRICS (Brazil, Russia, India, China and South Africa), a group of emerging market powers and one of the most popular organizations, seeks to approve African States into its fold and build on its existing economic and trade with other invited African leaders during the 15th summit in Johannesburg, South Africa.
The BRICS members are meeting to deliberate on a broad range of important multiple issues, including new membership, common currency, various parameters of development and security and institutional architecture. More than 70 states are participating, including African leaders, while 23 States have submitted formal applications to join the group.
During his pre-summit visit to Addis Ababa, Foreign Minister Qin Gang pointed out Chinese support and solidarity with the government. Ethiopia’s relations with the West have deteriorated over the deadly conflict in its northern Tigray region.
In 2021, Washington imposed sanctions on Ethiopian officials involved in the conflict, cut aid and denied Ethiopia special access to the United States market under its African Growth and Opportunity Act of 2000. However, China accused the United States of meddling in Ethiopia’s internal affairs and assured Addis Ababa’s desire to join BRICS.
Ethiopian Prime Minister Abiy Ahmed has also been vocal on critical issues, most of the time urging African leaders to look for inside, within the concept of African Problems, African Solutions. His views are mostly focused on creating a fairer global system even while diversifying their partnerships under African strategies.
After a series of media monitoring and research, only three African States might gain membership into the bloc. These are Algeria, Ethiopia and Egypt. BRICS members have to agree on the criteria; the differences of opinion between China and India, as well as Brazil, preclude a quick resolution to the issue of accepting new members.
But both Brazil and India have promptly rebutted this “assumption” against BRICS expansion. The essence of BRICS lies in unity, and while India harbours concerns about China’s economic clout and has consistently asserted the border disputes.
Notwithstanding these, if expansion finally happens, it will bring the total African representation to four, including South Africa. It implies, in principle, the new members contribute to the changing processes and further give potential force for substantial geopolitical shifts.
Many experts believe that the expansion of BRICS would help Beijing promote its Belt and Road Initiative projects. The potential expansion of the group has set off alarms for Brazil and India, which are proud of BRICS’ exclusive nature. In this group, China is the strongest country from an economic point of view. It is really positioning itself as a leader of the Global South.
China needs raw materials, and Africa has a lot of them. China needs markets for its goods. It also needs investment projects, in particular for investing in infrastructure. China has a lot of companies building railroads, airports, and seaports. Chinese President Xi Jinping plans to hold a special meeting with African leaders to be chaired by the host South African Cyril Ramaphosa.
In addition, Xi and Ramaphosa are talking about strengthening ties and will witness the signing of some agreements with African delegations, according to the South African president’s office. China and South Africa would have comprehensive bilateral agreements.
Already on August 10, ahead of Xi’s visit, Chinese companies signed 20 deals to buy products worth US$2.2 billion from South Africa. South African Trade Minister Ebrahim Patel and Chinese Minister of Commerce Wang Wentao witnessed the signing at a joint economic and trade committee meeting aimed at boosting South African manufacturing exports to China. Anglo American Platinum, Glencore, Sappi and Pioneer Fishing were among South African companies involved in the agreements.
Across Africa, BRICS members are seen as important trade partners, sources of foreign investment and champions of the concerns of so-called developing countries, according to Tim Zajontz, a Research Fellow in the Centre for International and Comparative Politics at Stellenbosch University, South Africa.
“We can expect President Xi to stress at the summit that China and the BRICS are at the centre of South-South cooperation and ready to boost economic development across Africa,” Zajontz said, referring to collaboration among countries in the Global South.
In the run-up to the summit, however, the grouping’s shortcomings are in the spotlight. Some say there is a lack of coherent vision. “The objective necessity for a grouping like BRICS has never been larger,” said Rob Davies, South Africa’s former trade minister, who helped usher his country into the bloc in 2010. “The multilateral bodies are not places where we can go and have an equitable, inclusive outcome.”
Still, challenges abound for the BRICS and, indeed, the discussions surrounding its expansion. BRICS members have to reach the needed consensus; a broader problem was referred to recently by Jim O’Neill, namely that there is a lack of focus on pragmatic themes that matter for the economy and markets. Too much effort has sometimes been expended on secondary issues that have no bearing on the economy, markets or global governance.
Lord Jim O’Neill, a former Goldman Sachs economist who first gave the BRICS bloc its name, has slammed the idea of the five nations ever collaborating to create a common currency. But O’Neill, who coined the bloc’s name in a 2001 research paper, is unconvinced. “It’s just ridiculous,” he told the Financial Times in an interview. “They’re going to create a BRICS central bank? How would you do that? It’s almost embarrassing.”
De-dollarization is the latest buzzword to capture the market’s imagination and refers to efforts aimed at undermining the greenback’s command of global trade by promoting the use of other currencies.
According to the International Monetary Fund, proponents of the idea point to the fact that the dollar’s share of global reserves has fallen over the past two decades — though it still makes up nearly 60% of the world’s foreign-exchange holdings.
In the interview, O’Neill criticized the dollar’s role in directing the movements of other currencies around the world. “The dollar’s role is not ideal for the way the world has evolved,” he said. “You’ve got all these economies who live on this cyclical never-ending twist of whatever the (US Federal Reserve) decides to do in the interests of the US.”
Yaroslav Lissovolik, former Advisor to Russia’s Executive Director in the International Monetary Fund and currently the Founder of BRICS+ Analytics, argues that, despite the challenges and risks, BRICS+ together have the capability of creating a new layer of global governance that is represented by regionalism, i.e. coordination mechanisms for regional blocs and their development institutions.
With respect to the core, the BRICS are likely to unveil the main criteria for the expansion of the core, which may include, among other things, the economic weight of the candidate countries in their respective regions.
But before these grand plans are to materialize, BRICS needs to deliver on some of the most pressing issues for the global economy and for Africa, he explained and added “the best contribution is for BRICS to create and deliver through a support mechanism to the African States. This, for instance, would go a long way towards contributing to the success of the African Continental Free Trade Area (AfCFTA).
With an estimated 58 million population, South Africa is the 25th largest country in the world. South Africa welcomed and fully supported the adoption by African nations of the African Continental Free Trade Agreement (AfCFTA), which we believe will contribute tremendously in pursuit of the economic integration of our continent towards the attainment of our vision: Agenda 2063, the Africa We Want.
At a broad glance, Africa is becoming an essential part of the world. And it is a natural task for South Africa to promote the African agenda in this group. The theme: “BRICS and Africa: Partnership for Mutually Accelerated Growth, Sustainable Development and Inclusive Multilateralism” reflects the priority for Africa.
Four BRICS leaders will attend in person. Russian President Vladimir Putin will take part in the summit in an online format. Foreign Minister Sergey Lavrov will travel to Johannesburg to represent Russia at the summit in person.
But today, what is South Africa’s investment in BRICS? How do we assess the level of development and food security if BRICS control that huge natural resources and human capital? How has South Africa, these several years as the only African State in BRICS, used its membership to facilitate and promote investment from BRICS into the African continent?
Ultimately, the BRICS alliance represents a distinct shift in global power dynamics; it somehow provides a platform for greater influence and assertiveness on the global stage and will continue potentially reshaping the existing world order. At present, BRICS members account for 23% of the global gross domestic product and 18% of trade, further having around 42% of the world’s population.
World
Africa Squeezed between Import Substitution and Dependency Syndrome
By Kestér Kenn Klomegâh
Squeezed between import substitution and dependency syndrome, a condition characterized by a set of associated economic symptoms—that is rules and regulations—majority of African countries are shifting from United States and Europe to an incoherent alternative bilateral partnerships with Russia, China and the Global South.
By forging new partnerships, for instance with Russia, these African countries rather create conspicuous economic dependency at the expense of strengthening their own local production, attainable by supporting local farmers under state budget. Import-centric partnership ties and lack of diversification make these African countries committed to import-dependent structures. It invariably compounds domestic production challenges. Needless to say that Africa has huge arable land and human resources to ensure food security.
A classical example that readily comes to mind is Ghana, and other West African countries. With rapidly accelerating economic policy, Ghana’s President John Dramani Mahama ordered the suspension of U.S. chicken and agricultural products, reaffirming swift measures for transforming local agriculture considered as grounds for ensuring sustainable food security and economic growth and, simultaneously, for driving job creation.
President John Dramani Mahama, in early December 2025, while observing Agricultural Day, urged Ghanaians to take up farming, highlighting the guarantee and state support needed for affordable credit and modern tools to boost food security. According to Mahama, Ghana spends $3bn yearly on basic food imports from abroad.
The government decision highlights the importance of leveraging unto local agriculture technology and innovation. Creating opportunities to unlock the full potential of depending on available resources within the new transformative policy strategy which aims at boosting local productivity. President John Dramani Mahama’s special initiatives are the 24-Hour Economy and the Big Push Agenda. One of the pillars focuses on Grow 24 – modernising agriculture.
Despite remarkable commendations for new set of economic recovery, Ghana’s demand for agricultural products is still high, and this time making a smooth shift to Russia whose poultry meat and wheat currently became the main driver of exports to African countries. And Ghana, noticeably, accepts large quantity (tonnes) of poultry from Russia’s Rostov region into the country, according to several media reports. The supplies include grains, but also vegetable oils, meat and dairy products, fish and finished food products have significant potential for Africa.
The Agriculture Ministry’s Agroexport Department acknowledges Russia exports chicken to Ghana, with Ghanaian importers sourcing Russian poultry products, especially frozen cuts, to meet significant local demand that far outstrips domestic production, even after Ghana lifted a temporary 2020 avian flu-related ban on Russian poultry.
Moreover, monitoring and basic research indicated Russian producers are actively increasing poultry exports to various African countries, thus boosting trade, although Ghana still struggles to balance imports with local industry needs.
A few details indicate the following:
Trade Resumed: Ghana has lifted its ban on Russian poultry imports since April 2021, allowing poultry trade to resume. Russian regions have, thus far, consistently exported these poultry meat and products into the country under regulatory but flexible import rules on a negotiated bilateral agreement.
Significant Market: In any case, Ghana is a key African market for Russian poultry, with exports seeing substantial growth in recent years, alongside Angola, Benin, Cote d’Voire, Nigeria and Sierra Leone.
Demand-Driven: Ghana’s large gap between domestic poultry production and national demand necessitates significant imports, creating opportunities for foreign suppliers like Russia.
Major Exporters: Russia poultry companies are focused on increasing generally their African exports, with Ghana being a major destination. The basic question: to remain as import dependency or strive at attaining food sufficiency?
Product Focus: Exports typically include frozen chicken cuts (legs and meat) very vital for supplementing local supply. But as the geopolitical dynamics shift, Ghana and other importing African countries have to review partnerships, particularly with Russia.
Despite the fact that challenges persist, Russia strongly remains as a notable supplier to Ghana, even under the supervision of John Mahama’s administration, dealing as a friendly ally, both have the vision for multipolar trade architecture, ultimately fulfilling a critical role in meeting majority of African countries’ large consumer demand for poultry products, and with Russia’s trade actively expanding and Ghana’s preparedness to spend on such imports from the state budget.
Following two high-profile Russia–Africa summits, cooperation in the area of food security emerged as a key theme. Moscow pledged to boost agricultural exports to the continent—especially grain, poultry, and fertilisers—while African leaders welcomed the prospect of improved food supplies.
Nevertheless, do these African governments think of prioritising agricultural self-sufficiency. At a May 2025 meeting in St. Petersburg, Russia’s Economic Development Minister, Maxim Reshetnikov, underlined the fact that more than 40 Russian companies were keen to export animal products and agricultural goods to the African region.
Russia, eager to expand its economic footprint, sees large-scale agricultural exports as a key revenue generator. Estimates suggest the Russian government could earn over $15 billion annually from these agricultural exports to African continent.
Head of the Agroexport Federal Center, Ilya Ilyushin, speaking at the round table “Russia-Africa: A Strategic Partnership in Agriculture to Ensure Food Security,” which was held as part of the international conference on ensuring the food sovereignty of African countries in Addis Ababa (Ethiopia) on Nov. 21, 2025, said: “We see significant potential in expanding supplies of Russian agricultural products to Africa.”
Ilya Ilyushin, however, mentioned that the Agriculture Ministry’s Agroexport Department, and the Union of Grain Exporters and Producers, exported over 32,000 tonnes of wheat and barley to Egypt totaling nearly $8 million during the first half of 2025, Kenya totaling over $119 million.
Interfax media reports referred to African countries whose markets are of interest for Russian producers and exporters. Despite existing difficulties, supplies of livestock products are also growing, this includes poultry meat, Ilyushin said. Exports of agricultural products from Russia to African countries have more than doubled, and third quarter of 2025 reached almost $7 billion.
The key buyers of Russian grain on the continent are Egypt, Algeria, Kenya, Libya, Tunisia, Nigeria, Morocco, South Africa, Tanzania and Sudan, he said. According to him, Russia needs to expand the geography of supplies, increasing exports to other regions of the continent, increase supplies in West Africa to Benin, Cameroon, Ghana, Liberia and the French-speaking Sahelian States.
Nevertheless, Russian exporters have nothing to complain. Africa’s dependency dilemma still persists. Therefore, Russia to continue expanding food exports to Africa explicitly reflects a calculated economic and geopolitical strategy. In the end of the analysis, the debate plays out prominently and the primary message: Africa cannot and must not afford to sacrifice food sovereignty for colourful symbolism and geopolitical solidarity.
With the above analysis, Russian exporters show readiness to explore and shape actionable strategies for harnessing Africa’s consumer market, including that of Ghana, and further to strengthen economic and trade cooperation and support its dynamic vision for sustainable development in the context of multipolar friendship and solidarity.
World
Coup Leader Mamady Doumbouya Wins Guinea’s 2025 Presidential Election
By Adedapo Adesanya
Guinea’s military leader Mamady Doumbouya will fully transition to its democratic president after he was elected president of the West African nation.
The former special forces commander seized power in 2021, toppling then-President Alpha Conde, who had been in office since 2010.
Mr Doumbouya reportedly won 86.72 per cent of the election held on December 28, an absolute majority that allows him to avoid a runoff. He will hold the forte for the next seven years as law permits.
The Supreme Court has eight days to validate the results in the event of any challenge. However, this may not be so as ousted Conde and Mr Cellou Dalein Diallo, Guinea’s longtime opposition leader, are in exile.
The election saw Doumbouya face off a fragmented opposition of eight challengers.
One of the opposition candidates, Mr Faya Lansana Millimono claimed the election was marred by “systematic fraudulent practices” and that observers were prevented from monitoring the voting and counting processes.
Guinea is the world leader in bauxite and holds a very large gold reserve. The country is preparing to occupy a leading position in iron ore with the launch of the Simandou project in November, expected to become the world’s largest iron mine.
Mr Doumbouya has claimed credit for pushing the project forward and ensuring Guinea benefits from its output. He has also revoked the licence of Emirates Global Aluminium’s subsidiary Guinea Alumina Corporation following a refinery dispute, transferring the unit’s assets to a state-owned firm.
In September, rating agency, Standard & Poor’s (S&P), assigned an inaugural rating of “B+” with a “Stable” outlook to the Republic of Guinea.
This decision reflects the strength of the country’s economic fundamentals, strong growth prospects driven by the integrated mining and infrastructure Simandou project, and the rigor in public financial management.
As a result, Guinea is now above the continental average and makes it the third best-rated economy in West Africa.
According to S&P, between 2026 and 2028, Guinea could experience GDP growth of nearly 10 per cent per year, far exceeding the regional average.
World
Lack of Financial Support Holding Back Russia’s Economic Influence in Africa: A Case Study of Missed Opportunities in Nigeria
By Kestér Kenn Klomegâh
For decades, Russia has spoken loudly about its intentions in Africa but acted softly when it comes to real financial commitments. Unlike China, the United States, and even India, Russia has consistently failed to back its diplomatic gestures with the credit lines, concessionary loans, and financing guarantees that drive actual development projects.
Nigeria, Africa’s largest economy and most populous country, provides perhaps the clearest example of Russia’s economic inertia. Despite more than 60 years of diplomatic relations and repeated declarations of “strategic partnership,” Moscow’s presence in Abuja’s economic landscape remains marginal. The absence of real financing has left most Russian-Nigerian agreements as empty communiqués, in sharp contrast to the railways, roads, and ports China has built across the country, or the oil trade and financial services integration offered by the United States.
The Obasanjo Era: A Case Study in Missed Opportunities
When President Olusegun Obasanjo returned to power in 1999, Nigeria was repositioning itself after years of military dictatorship. Abuja sought new economic partnerships beyond its traditional ties with the West. Russia—still recovering from the collapse of the Soviet Union—saw an opportunity to reassert itself in Africa.
During Obasanjo’s tenure (1999–2007), Moscow pledged sweeping cooperation with Nigeria in energy, steel, and defense. The crown jewel of this diplomatic push was the proposed revival of the Ajaokuta Steel Complex, Nigeria’s most ambitious industrial project, which had stalled for decades despite billions of dollars in investments. Russia, through its state-owned firms and technical experts, promised to provide financing, technology, and training to bring Ajaokuta back to life.
Yet two decades later, Ajaokuta remains in ruins. The Russian commitment never translated into cash, and Abuja was left to restart talks with new partners. Similarly, plans for joint oil exploration ventures and expanded defense cooperation fizzled out after initial memoranda of understanding.
Obasanjo’s government signed a number of documents with Moscow, but few projects ever moved beyond the paper stage. Nigerian officials who participated in those negotiations later admitted that Russia’s biggest weakness was its lack of financing. Unlike China, which came armed with Exim Bank loans and turnkey contractors, Russia offered expertise but no capital.
The lesson was clear: without structured financial support, Russian promises could not compete with the billions China was already pouring into Nigerian infrastructure.
Nigeria’s Trade Reality: Russia as a Minor Player
The absence of financing is not just anecdotal—it shows in the numbers.
Nigeria’s Trade with Russia vs. China and the US
Partner Nigeria’s Exports (USD) Nigeria’s Imports (USD) Balance / Impact
Russia ~$1.5 million (2024) ~$2.09 billion (2024) Negligible exports; deficit, no capital inflows
China ~$2.03 billion (2024) ~$17 billion+ annually Infrastructure-backed deficit (rail, power, ports)
United States ~$4.4 billion (2022) Balanced imports & services More stable, diversified cooperation
Russia accounts for less than 1% of Nigeria’s trade, and the structure of that trade is unbalanced. Nigeria imports wheat, fertilizers, and some machinery from Russia, but exports almost nothing back. By contrast, China has become Nigeria’s largest trading partner, financing and building railways, power plants, and free trade zones. The U.S., though less visible in physical infrastructure, remains Nigeria’s biggest crude oil buyer while providing access to financial services and technology.
Despite Russia’s frequent declarations of friendship, Abuja does not see Moscow among its top ten trading partners.
Why Russia Keeps Missing the Mark
Several factors explain why Russia’s Africa strategy remains symbolic rather than substantive:
- No financial institutions to support deals
- China’s Exim Bank and policy lenders ensure African projects come with credit lines.
- The U.S. offers development financing through agencies like OPIC (now DFC).
- Russia, by contrast, has no institutional mechanism to provide African governments with the capital needed to implement deals.
- Global sanctions and liquidity crunch
- Since 2014, and especially after the 2022 invasion of Ukraine, Russia has faced severe financial sanctions.
- Its banks are largely cut off from the international system, making it difficult to provide long-term credit abroad.
- Legacy of distrust
- The failure to deliver on projects like Ajaokuta has left Nigerian policymakers skeptical.
- Moscow’s record of unfulfilled promises weakens its credibility compared to Beijing or Washington.
- Strong competition
- China and India bring financing, technology, and workers.
- The U.S. leverages its markets and financial systems.
- Russia lacks the same competitive edge, leaving it with little more than symbolic gestures.
Nigeria’s Perspective: Choosing Real Partners Over Rhetoric
From Abuja’s standpoint, the comparison is stark. China may saddle Nigeria with debt, but it also delivers tangible assets: modern railways, airport terminals, and industrial parks. The U.S. offers not just oil trade but also investment in services, banking, and security.
Russia, by contrast, offers friendship, rhetoric, and occasional defense hardware sales. While these may have symbolic value, they do little to advance Nigeria’s long-term development goals.
A Nigerian economist summarized the dilemma bluntly: “Russia brings words; China builds rails; America buys oil. We can’t run an economy on words.”
For policymakers in Abuja, the choice is not ideological but practical. Nigeria needs financing, infrastructure, and technology transfer. Any partner unable to provide those tools risks being sidelined.
Lessons from the Past Two Decades
Looking back, Nigeria’s engagement with Russia since the Obasanjo era highlights three major lessons:
- Agreements must be tied to financing. Without money, MoUs are meaningless.
- Geopolitics without economics is hollow. Russia may seek allies against Western sanctions, but Nigeria’s priority is development.
- Partnerships must deliver measurable outcomes. China’s rail projects may be debt-heavy, but at least they exist. Russia’s projects remain in the realm of rhetoric.
The Broader African Picture
Nigeria is not alone in this experience. Across Africa, Russia has announced major investments in mining, energy, and defense. Yet very few projects have been completed. The exceptions—such as nuclear power cooperation with Egypt or arms deals with Algeria—are driven more by geopolitics than development financing.
In 2023, Russia hosted its second Russia-Africa Summit in St. Petersburg, promising billions in investment. But African leaders quietly noted the absence of clear financing mechanisms. The pledges, like those made to Nigeria, remain aspirational.
By contrast, the U.S.-Africa Leaders Summit and China-Africa Cooperation Forum both provide detailed financing frameworks that African governments can rely on.
Can Russia Still Catch Up?
Despite its current weakness, Russia still has avenues to remain relevant:
- Agriculture: Russia is a key wheat supplier to Nigeria and could expand into broader agribusiness cooperation.
- Energy: With Nigeria seeking to monetize gas reserves, Russia’s expertise in LNG could be valuable—if backed by financing.
- Technology: Russia’s defense and space industries could offer niche partnerships if they include funding.
But without addressing its financing gap, these opportunities will remain out of reach.
Final Thoughts: What Nigeria Must Do
For Nigeria, the key lesson is simple: measure diplomacy by delivery. Symbolic alliances may have value in global forums, but they cannot replace capital, infrastructure, and trade. Abuja must continue to diversify its partners, but prioritize those who provide tangible results.
Two decades after Obasanjo sought to revive Ajaokuta with Russian help, Nigeria must accept a sobering reality: Russia, for now, is more of a rhetorical ally than a financial partner. Unless Moscow restructures its economic diplomacy with real financing instruments, it will remain a marginal player in Africa’s transformation.
As Africa’s largest economy, Nigeria cannot afford another decade of promises without projects. The future of its development lies with partners who not only shake hands and group photographs but also ability to write the checks. Nigeria and many other African States are desirous to partner with potential foreign investors with adequate funds for investment in the continent. The second ‘re-awakening’ must feature noticeable improvement in the living standards of the estimated 1.4 billion people.
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