World
Corporate Council on Africa And The Preparation of Botswana for 15th US-Africa Business Summit
By Kestér Kenn Klomegâh
The Corporate Council on Africa (CCA), the leading US business association that focuses solely on connecting business interests between the United States and Africa, has indicated its strong commitment towards holding the 15th US-Africa Business Summit (USABS) in July in Gaborone, Botswana.
The 15th USABS theme Enhancing Africa’s Value in Global Value Chains will highlight multi-dimensional issues that were heavily discussed during the business forum held on the second day of the US-Africa leaders’ summit in Washington. The decision was taken during the last US-African leaders gathering held under the chairmanship of President Joe Biden. The primary aim is to strengthen and broaden bilateral business and investment across Africa.
During that mid-December meeting, President Biden announced more than $55 billion in new US government programs to support trade, investment and development in Africa, along with more than $15 billion in new trade and investment deals made by private sector companies that were in attendance.
The Corporate Council on Africa said that the Gaborone business event would bring together a number of African heads of state, senior US and African government officials, and top CEOs and senior business executives from the US and Africa, spanning major business sectors that are critical to the continent’s development. These include infrastructure, ICT/digital, health, energy, mining, agriculture, consumer goods, finance, tourism and creative industries.
In order to set the ball rolling, Corporate Council on Africa President and CEO, Florizelle Liser, had an official working program in Gaborone, the Republic of Botswana. During the early February working visit, Florizelle Liser held talks with Mokgweetsi Masisi, President of the Republic of Botswana, and other key officials of the relevant ministries in Gaborone, where she was given the highest assurance of mobilizing the ministries and working collaboratively with CCA.
Florizelle Liser, with Minister of Investment, Trade and Industry, Mmusi Kgafela, agreed that the summit would be held July 11-14 in Gaborone, which will attempt to highlight various opportunities for greater collaboration between the US and African private sector. It will also build on and advance those earlier discussions further on deepening US-Africa economic engagement and business ties.
According to Florizelle Liser, the US-Africa Business Summit is an important platform and opportunity to bring together again US and African government and private sector leaders to grow US-Africa trade, business, and mutually beneficial gains for the people and businesses of both the United States and Africa.
Minister of Investment, Trade and Industry Mmusi Kgafela said the business gathering would herald a new era of two-way trade and investment between Africa and the United States.
“We welcome U.S. private sector businesses to drive investment and technology that can enhance Africa’s role in key global value chains, create jobs, and spur economic growth here in Botswana and across the continent,” he underlined in remarks.
Welcoming African entrepreneurs, African-American and African leaders for a reception last December, Secretary of State Antony Blinken said the United States was guided by the principle of close partnership with Africa. “We can’t solve any of the really big challenges we face if we don’t work together. So, it’s about what we can do with African countries and its people and the United States,” Blinken said.
That, however, the Gaborone high-level business dialogue and interaction will set the scene for reviewing the multi-dimensional opportunities both in public and private sectors, how to strengthen the economic partnership and work on large-scale investments in key sectors for the United States and Africa. The United States investors are prepared to adjust their initiatives and pursue agreements that go beyond African Growth and Opportunity Act (AGOA).
In terms of broadening trade and economic cooperation, according to sources, the potential American investors would examine ways for exploring and leveraging the African Continental Free Trade Area (AfCFTA).
AfCFTA aims to create a single market with an estimated population of 1.3 billion and ultimately requires all kinds of business services and consumable products. Quite challenging, though there are new legislations that stipulate localizing production and distribution inside Africa.
The United States government and private sector leaders, together with African political and corporate business leaders, have been consistently working over these years to share insights on critical issues and policies influencing the US-Africa economic partnership. The forthcoming summit will drive billions of dollars of investment in Africa, build new markets for American products and create thousands of jobs for African and American workers.
The 14th US-Africa Business Summit from July 19 – 22 under the theme ‘Building Forward Together’ was held in Marrakech (Morocco) in partnership with the Kingdom of Morocco and Africa50 (the pan-African infrastructure investment platform). The three-day summit included plenaries and panel sessions highlighting key economic recovery strategies and focused on a range of sectors and issues, including health and vaccine access, trade, digital transformation, infrastructure, financing, small and medium-scale enterprises, tourism, women’s leadership and investment opportunities in various African countries.
The Corporate Council on Africa was extremely grateful for the excellent partnership of the Kingdom of Morocco as the summit host and partner, Africa50, as well as summit sponsors including Royal Air Maroc (the summit official airline), Axxess, Jean Boulle Group, Pfizer, Visa, USP, Amazon, Gilead, Trimble, IHS Towers, Trade and Development Bank, Acrow Bridge, Trinity Energy, Citi, Flutterwave Inc., P&G, DLA Piper LLP, Attijariwafa Bank, Maroc Telecom, Creative Associates, Google, CrossBoundary and Frontier Bridge.
Corporate Council on Africa uniquely represents a broad cross-section of member companies, from small and medium-sized businesses to multinationals as well as US and African firms.
As a further major step to strengthen relations, it will be working on comprehensive programs, concrete initiatives and various investment projects in Africa. The White House looks to use the existing opportunities to deepen as many partnerships as possible and to build confidence with Africa ultimately.
World
Russia Expands Military-Technical Cooperation With African Partners
By Kestér Kenn Klomegâh
Despite geopolitical complexities, tensions and pressure, Russia’s military arms and weaponry sales earned approximately $15 billion at the closure of 2025, according to Kremlin report. At the regular session, chaired by Russian President Vladimir Putin on Jan. 30, the Commission on Military and Technical Cooperation with Foreign Countries analyzed the results of its work for 2025, and defined plans for the future.
It was noted that the system of military-technical cooperation continued to operate in difficult conditions, and with increased pressure from the Western countries to block business relations with Russia. The meeting, however, admitted that export contracts have generally performed sustainably. Russian military products were exported to more than 30 countries last year, and the amount of foreign exchange exceeded $15 billion.
Such results provide an additional opportunity to direct funds to the modernization of OPC enterprises, to the expansion of their production capacities, and to advanced research. It is also important that at these enterprises a significant volume of products is civilian products.
The Russian system of military-technical cooperation has not only demonstrated effectiveness and high resilience, but has created fundamental structures, which allow to significantly expand the “geography” of supplies of products of military purpose and, thus strengthen the position of Russia’s leader and employer advanced weapons systems – proven, tested in real combat conditions.
Thanks to the employees of the Federal Service for Military Technical Cooperation and Rosoboronexport, the staff of OPC enterprises for their good faith. Within the framework of the new federal project “Development of military-technical cooperation of Russia with foreign countries” for the period 2026-2028, additional measures of support are introduced. Further effective use of existing financial and other support mechanisms and instruments is extremely important because the volumes of military exports in accordance with the 2026 plan.
Special attention would be paid to the expansion of military-technological cooperation and partnerships, with 14 states already implementing or in development more than 340 such projects.
Future plans will allow to improve the characteristics of existing weapons and equipment and to develop new promising models, including those in demand on global markets, among other issues – the development of strategic areas of military-technical cooperation, and above all, with partners on the CIS and the CSTO. This is one of the priority tasks to strengthen both bilateral and multilateral relations, ensuring stability and security in Eurasia.
From January 2026, Russia chairs the CSTO, and this requires working systematically with partners, including comprehensive approaches to expanding military-technical relations. New prospects open up for deepening military-technical cooperation and with countries in other regions, including with states on the African continent. Russia has been historically strong and trusting relationships with African countries. In different years even the USSR, and then Russia supplied African countries with a significant amount of weapons and military equipment, trained specialists on their production, operation, repair, as well as military personnel.
Today, despite pressure from the West, African partners express readiness to expand relations with Russia in the military and military-technical fields. It is not only about increasing supplies of Russian military exports, but also about the purchase of other weapons, other materials and products. Russia has undertaken comprehensive maintenance of previously delivered equipment, organization of licensed production of Russian military products and some other important issues. In general, African countries are sufficient for consideration today.
World
Trump Picks Kevin Warsh to Succeed Jerome Powell as Federal Reserve Chair
By Adedapo Adesanya
President Donald Trump has named Mr Kevin Warsh as the successor to Mr Jerome Powell as the Federal Reserve chair, ending a prolonged odyssey that has seen unprecedented turmoil around the central bank.
The decision culminates a process that officially began last summer but started much earlier than that, with President Trump launching a criticism against the Powell-led US central bank almost since he took the job in 2018.
“I have known Kevin for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best,” Mr Trump said in a Truth Social post announcing the selection.
US analysts noted that the 55-year old appear not to ripple market because of his previous experience at the apex bank as Governor, with others saying he wouldn’t always do the bidding of the American president.
If approved by the US Senate, Mr Warsh will take over the position in May, when Mr Powell’s term expires.
Despite having argued for reductions recently, “Warsh has a long hawkish history that markets have not forgotten,” one analyst told Bloomberg.
President Trump has castigated Mr Powell for not lowering interest rates more quickly. His administration also launched a criminal investigation of Powell and the Federal Reserve earlier this month, which led Mr Powell to issue an extraordinary rebuke of President Trump’s efforts to politicize the independent central bank.
World
BRICS Agenda, United States Global Dominance and Africa’s Development Priorities
By Kestér Kenn Klomegâh
Donald Trump has been leading the United States as its president since January 2025. Washington’s priority is to Make America Great Again (MAGA). Trump’s tariffs have rippled many economies from Latin America through Asian region to the continent of Africa. Trump’s Davos speech has explicitly revealed building a ‘new world order’ based on dominance rather than trust. He has also initiated whirlwind steps to annex Greenland, while further created the Board of Peace, aimed at helping end the two-year war between Israel and Hamas in Gaza and to oversee reconstruction. Trump is handling the three-year old Russia-Ukraine crisis, and other deep-seated religious and ethnic conflicts in Africa.
These emerging trends, at least in a considerable short term, are influencing BRICS which has increased its geopolitical importance, and focusing on uniting the countries in the Global East and Global South. From historical records, BRICS, described as non-western organization, and is loosing its coherence primarily due to differences in geopolitical interests and multinational alignments, and of course, a number of members face threats from the United States while there are variations of approach to the emerging worldwide perceptions.
In this conversation, deputy director of the Center for African Studies at Moscow’s National Research University High School of Economics (HSE), Vsevolod Sviridov, expresses his opinions focusing on BRICS agenda under India’s presidency, South Africa’s G20 chairmanship in 2024, and genegrally putting Africa’s development priorities within the context of emerging trends. Here are the interview excerpts:
What is the likely impact of Washington’s geopolitics and its foreign policy on BRICS?
From my perspective, the current Venezuela-U.S. confrontation, especially Washington’s tightened leverage over Venezuelan oil revenue flows and the knock-on effects for Chinese interests, will be read inside BRICS as a reminder that sovereign resources can still be constrained by financial chokepoints and sanctions politics. This does not automatically translate into BRICS taking Venezuela’s side, but it does strengthen the bloc’s long-running argument for more resilient South-South trade settlement, diversified energy chains, and financing instruments that reduce exposure to coercive measures, because many African and other developing economies face similar vulnerabilities around commodities, shipping, insurance, and correspondent banking. At the same time, BRICS’ expansion makes consensus harder: several members maintain significant ties with the U.S., so the most likely impact is a technocratic push rather than a loud political campaign.
And highlighting, specifically, the position of BRICS members (South Africa, Ethiopia and Egypt, as well as its partnering African States (Nigeria and Uganda)?
Venezuela crisis urges African members to demand that BRICS deliver usable financial and trade tools. For South Africa, Ethiopia, and Egypt, the Venezuela case is more about the precedent: how quickly external pressure can reshape a country’s fiscal room, debt dynamics, and even investor perceptions when energy revenues and sanctions compliance collide. South Africa will likely argue that BRICS should prioritize investment, industrialization, and trade facilitation. Ethiopia and Egypt, both debt-sensitive and searching for FDI, will be especially attentive to anything that helps de-risk financing, while avoiding steps that could trigger secondary-sanctions anxieties or scare off diversified investors.
Would the latest geopolitical developments ultimately shape the agenda for BRICS 2026 under India’s presidency?
India’s 2026 chairmanship is already framed around “Resilience, Innovation, Cooperation and Sustainability,” and Venezuela’s shock (paired with broader sanction/market-volatility lessons) will likely sharpen the resilience part. From an African perspective, that is an opportunity: South Africa, Ethiopia, and Egypt can press India to translate the theme into deliverables that matter on the ground: food and fertilizer stability, affordable energy access, infrastructure funding. India, in turn, has incentives to keep BRICS focused on economic problem-solving rather than becoming hostage to any single flashpoint. So the Venezuela episode may function as a cautionary case study that accelerates practical cooperation where African members have the most to gain. And I would add: the BRICS agenda will become increasingly Africa-centered simply because Africa’s weight globally is rising, and recent summit discussions have repeatedly highlighted African participation as a core Global South vector. South Africa’s G20 chairmanship last year explicitly framed around putting Africa’s development priorities high on the agenda, further proves this point.
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