World
Fostering Intra-African Trade: Challenges and Perspectives

By Professor Maurice Okoli
Over the past few years, African Union, the continental organization, has made intra-African trade its newest flagship and has created the Intra-African Trade Fair (IATF), which provides a unique and valuable platform for potential investors to support the continent’s transformation through industrialisation and export development, for businesses to access adequate trade and market information, and operate in an integrated single African market of over 1.4 billion people with a combined gross domestic product of over $3.5 trillion under the African Continental Free Trade Area (AfCFTA).
Organized by the African Export-Import Bank (Afreximbank), in collaboration with the African Union and the Secretariat of the African Continental Free Trade Area (AfCFTA), it was the historic third edition of the IATF, held in Cairo, Egypt from November 9-15, 2023. Under the theme The AfCFTA Marketplace, it brought together high-powered government officials, ministers, representatives of central banks, regulatory bodies and agencies, legislative authorities, commercial banks, law firms, entrepreneurs, and exporters from across Africa and beyond.
The importance of the Intra-African Trade Fair (IATF2023) was given as follows:-
(i) Promoting intra-African trade: The IATF plays a crucial role in boosting trade among African countries. Intra-African trade is generally lower compared to other regions, and the fair aims to address this by creating a conducive environment for African businesses to trade with each other.
(ii) Market Access: It provides African businesses with access to a larger market within the continent. This enables companies to expand their customer base and increase sales, ultimately contributing to economic growth.
(iii) Facilitating Networking: The fair brings together a diverse range of businesses, government officials, investors, and trade experts. This facilitates networking and partnerships that can lead to collaborations and business growth.
(iv) Showcasing African Products and Services: African businesses have the opportunity to showcase their products and services to a wider audience. This not only helps in building brand recognition but also highlights the quality and diversity of goods and services produced on the continent.
(v) Attracting Investment: The IATF attracts domestic and foreign investors interested in African markets. This can lead to increased foreign direct investment (FDI), which can fuel economic development and job creation.
In addition to establishing business-to-business and business-to-government exchange platforms for business deals and advisory services. The conference ran alongside the exhibition and featured high-profile speakers and panellists addressing topical issues relating to trade, trade finance, payments, trade facilitation, trade-enabling infrastructure, trade standards, industrialization, regional value chains and investment.
It marks one more significant step forward towards achieving economic independence which seemingly eluded the continent since 1963, the year the African organization was established and later transformed into what is popularly referred to as the African Union (AU). As stipulated by the explicit guidelines, the AU oversees and monitors the entire aspects of multifaceted development across Africa.
The AU is a sought-after platform for establishing mutually beneficial contacts and promoting bilateral relations for regional economic blocs, and dynamically developed regions such as Asia-Pacific, the United States and Canada to Latin America and Europe.
With the geopolitical changes and emerging multipolar political and economic order, Africa has become the main focal point in the world. In a practical context, Africa forms one of the current global transformations at the intersection of the past and the future. At the same time, Africa has already recognized its past of the adverse impact of resource exploitation primarily due to former leaders’ weak policies. Now it has the opportunity to make a tectonic shift and get engaged in a more equitable integrated, multipolar world.
With vigour, Africa can continue pursuing an independent continental policy to improve its economic status, and further strengthen its sovereignty with an increasing number of states in the Global South, and most probably in the East. Of course, it requires some unity in diversity in order to achieve this sustainable economic sovereignty.
The AU’s involvement in the IATF 2023 highlights its commitment to promoting economic cooperation and integration among African nations. By actively coordinating the trade fair, the AU aims to showcase Africa’s potential as a hub for intra-African trade and attract investments from both within and outside the continent.
The AU’s involvement in the IATF 2023 also signifies its recognition of the importance of regional economic integration in boosting Africa’s overall trade performance and fostering sustainable development across the continent. It can leverage its influence to facilitate discussions and negotiations on key trade, industry and tourism issues.
The vision for continental trade points to the creation of the powerful African Continental Free Trade Area (AfCFTA) in January 2021. Its primary purpose is to form a single market with a common umbrella – a borderless market allowing the free movement of goods, services and people. It is attracting external partners despite the persistent challenges and stumbling roadblocks (hurdles), the most tractable being the political disunity, divergent policies, ethnic conflicts deep-seated corruption and lack of good all-inclusive governance.
That, however, high optimism still exists. Most of the African countries are rallying around the historic decision, and frequently express the determination to join platforms, to develop targeted interactions within the framework of pan-Africanism. Several summits and conferences have been held to dialogue strategic partnerships relating to aspects of the continental economy.
Acknowledging the fact that attaining economic sovereignty includes thorough discussions on prospects for investment cooperation, industrial development, adopting new scientific technologies for modernizing agriculture and, of course, tourism and recreation for the 1.4 billion population in Africa.
In search for those aforementioned above necessitates the establishment of the Intra-African Trade Fair (IATF) and the African Continental Free Trade Area (AfCFTA). In one phrase – it remotely aims at strengthening the continental industrial base and promoting the value supply chains across Africa. At this moment, it is necessary to remember that global tensions are causing unprecedented fragmentation of trade, noting an uptick in unilateral trade restrictions and a growing trend towards consolidation of relationships within the processes of reconfiguration.
Therefore, the main challenging objective is how best to guide and better equip the private industrial and economic sectors with value chain integration strategies within the context of the AfCFTA. So we have to put emphasis on exploring the priority challenges confronting businesses and to identify targeted interventions that will support these businesses on their trading journeys in the AfCFTA.
Chief Olusegun Obasanjo, former President of Nigeria and Chairman of the IATF2023 Advisory Council, underscored the fact that intra-African trade holds the key to unlocking Africa’s true potential and fuelling economic growth, fostering industrialization and creating job opportunities for the people of the continent. “It is through this spirit of cooperation and collaboration that we will unlock the untapped potential of our continent,” he said, adding that the trade fair signified the commitment of Africa and its diaspora nations to economic integration and to their collective determination to create a prosperous future.
President Obasanjo further called on African leaders, policymakers, and representatives to foster an environment conducive to trade by eliminating unnecessary bureaucracy, harmonising regulations and investing in necessary infrastructure. IATF2023 was a stepping stone towards a future where African nations traded freely, breaking down barriers and opening doors of opportunities for all.
President and Chairman of the Board of Directors of Afreximbank, Professor Benedict Oramah, referred to the IATF as collective efforts for the stimulation of African countries’ economies and an attempt undertaken towards holistic economic recovery backed by political support. “It offers a comprehensive solution – it is not just a trade fair, but to make intra-African trade a reality, it is necessary to review border procedures, improve transport infrastructure and make effective the airline routes. The realization of the intra-African trade requires effective and regular electricity distribution and broadband connectivity, especially in industrialized and urbanized major African cities.
Kanayo Awani, Executive Vice President of the Intra-African Trade Bank at the African Export-Import Bank (Afreximbank), during special creative session held as an integral part of the third Intra-African Trade Fair (IATF2023) held in Cairo, Egypt, has underlined the catchwords such as multifaceted approach, encountering competitiveness, collaborating with business through co-financing agreements, promoting transparent financial practices and financial commitment as necessary factors for boasting sustainable entrepreneurial ventures.
For trade and investment, African countries could make use of factoring in order to take advantage of the opportunities for expanding the continent’s regional value chains, to tap into the opportunities available in the continent, especially in the context of intra-regional trade. Despite these numerous promising prospects, the economic sector grapples with challenges such as limited access to financing and business trademark infringements due to weak legal frameworks and enforcement mechanisms, according to Kanayo Awani’s explanation.
In a related discussion, Albert M. Muchanga, Commissioner for Trade and Industry of the African Union Commission, recognized the private sector and creative sector’s rapid growth and its substantial contribution to inclusive growth and sustainable development in African economies. Muchanga, however, urged African nations to translate creative potential into tangible projects, emphasizing the importance of investing in and protecting international intellectual property rights.
South African President Cyril Ramaphosa declared that South Africa was ready to work with other African countries to drive more balanced, equitable and fair trade relations for the benefit of the continent. “This Trade Fair is about building bridges. It is about connecting countries. It is about connecting people as well. Now Africa is taking concrete steps to write its own economic success story and this Intra-African Trade Fair is part of that story. Africa is opening up new fields of opportunity,” Ramaphosa asserted.
President Ramaphosa also wanted to see more made-in-Africa labels, as “this is critical if we are to change the distorted trade relationship that exists between African countries and the rest of the world. We can no longer have a situation where Africa exports raw materials and imports finished goods with those materials. By promoting trade in Africa, we strengthen our industrial base and produce goods for ourselves and each other.”
He stressed the need to “use the combination of the continent’s raw materials and industrial capacity, finance, services and infrastructure to produce quality finished goods to local and global markets. And about creating a market large enough to attract investors from across the world to set up their production facilities on the continent,” Ramaphosa said.
Most of the speakers noted the African Continental Free Trade Area (AfCFTA) must make the effort to ensure that Africa becomes a marketplace where no country is left behind, create jobs and enhance revenues for all parties. On the public sector side, governments must support local entrepreneurs to build scale, and therefore improve productivity. The implementation of initiatives most often poses difficulties and the challenges are surmountable if both public and private sectors collaborate with a common interest and a clear vision.
Looking back at its historical establishment, the AfCFTA agreement entered into force on May 30, 2019, after the treaty was ratified by 22 countries – the minimum number required by the treaty. It has the potential to generate a range of benefits through supporting trade creation, structural transformation, productive employment and poverty reduction. The AfCFTA opens up more opportunities for both local African and foreign investors from around the world. The official start of trading on January 1, 2021, signalled the commencement of Africa’s journey to market integration.
The African Union session provided a forum for exchange on what should be Africa’s immediate trade and investment priorities, to enhance Africa’s share of global trade, FDI, and ultimately the continent’s contribution to global GDP. The overall objective is to ensure that Africa strengthens its position internally from a trade and investment standpoint, which will give the continent the leverage for a strong position during its engagement at the G20. The dialogue examined how those priorities can advance intra-African trade as well as Africa’s share of global trade.
United Nations Development Programme and African Union Commission session provided a platform to drive a multi-sectoral dialogue on amplifying investment in digital infrastructure, to contribute and explore strategies that can lead to the growth of African unicorns, which in turn will create employment opportunities and drive economic growth across the continent, as well as to empower the African tech ecosystem to reach its full potential by going from 20 unicorns to 200 by 2030 and 2000 by 2063. By fostering collaboration, providing insights, and identifying actionable strategies, that discussion contributed to building a vibrant and sustainable tech ecosystem in Africa, driving economic growth, job creation, and technological innovation across the continent.
As the latest developments show, African countries have ratified the African Union protocols, making visa-free movement of people, and ultimately the introduction of the African passport that would facilitate free movement of persons in Africa. The future challenging task ahead – Africa will be able to compete globally, hence African countries must just integrate the market, something that has been evaded Africa since 1963, when forefathers hatched African Unity and established the OAU.
As a continuation of that vision, the African Union spearheads Africa’s development and integration in close collaboration with African Union member states, the regional economic communities and African citizens. The AU vision is to accelerate progress towards an integrated, prosperous and inclusive Africa, at peace with itself, playing a dynamic role in the continental and global arena, effectively driven by an accountable, efficient and responsive Commission.
The final resonating message is to leverage IATF’s combined initiatives and progress with the AfCFTA over the subsequent years. The first edition of IATF was held in Cairo under the auspices of Egyptian President Abdel Fattah El-Sisi. The Intra-African Trade Fair ended with a collective commitment to ensure economic stimulation, triggered by the business events, translates into the strengthening of the African Continental Free Trade Area (AfCFTA) and in achieving the aspirations of the African Union Agenda 2063.
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: markolconsult (at) gmail (dot) com
World
Pope Francis Dies at 88 After Protracted Illness

By Adedapo Adesanya
Pope Francis has died at the age of 88 after battling illness in the last couple of months.
The Vatican announced his demise on Monday morning, a day after Easter.
The pontiff, who was Bishop of Rome and head of the Catholic Church, became pope in 2013 after his predecessor, Benedict XVI resigned.
His death was announced by Cardinal Kevin Farrell in a statement released by the Vatican.
He said: “Dearest brothers and sisters, with deep sorrow I must announce the death of our Holy Father Francis.
“At 7.35am this morning, the Bishop of Rome, Francis, returned to the house of the Father. His entire life was dedicated to the service of the Lord and His Church.
“He taught us to live the values of the Gospel with fidelity, courage and universal love, especially in favour of the poorest and most marginalised.
“With immense gratitude for his example as a true disciple of the Lord Jesus, we commend the soul of Pope Francis to the infinite merciful love of the One and Triune God.”
The process for choosing a new pope – conclave – generally takes place between 15 and 20 days after the death of a pontiff.
Cardinals from around the world will gather in the Vatican and choose the new leader of the Catholic church.
World
Russia’s Business Integration and Geopolitics of Multipolar World

By Kestér Kenn Klomegâh
Popularly referred to as Roscongress Foundation, St. Petersburg International Forum (SPIEF) has been its main cornerstone. The SPIEF has, all these years, focused on charting dignified internal economic integration utilizing available resources, both natural and human capital and combined with financial capability, and the possibility of increasing exportable goods to make a better world.
Since its establishment by a decree of Russian President Vladimir Putin, it has marked chronological achievements in boosting and strengthening corporate investor networking and entrepreneurship. It has also taken several key initiatives to foster potential entrepreneurship, leveraging the vast opportunities and supporting the growth of small and medium enterprises (SMEs) in the Russian Federation.
According to reports, designing business brands, expand their objective reach to internal Russia’s landscape, and developing markets in neighboring Soviet republics and farther down in Africa, Asia, Europe, United States and Latin America. Ultimately, the SPIEF is unreservedly committed to providing the necessary support to enable both the state-to-state and the private sector to thrive. Building on the previous unerasable achievements, SPIEF’s mid-June 2025 edition will continue to serve as a solid platform, particularly for corporate networking, brainstorming and collaborating on strategies for potential business developments and their subsequent growth.
The architecture of the entire business programme on 18–21 June, has been fixed, and the theme designed as “Shared Values: The Foundation of Growth in a Multipolar World”, reflecting major shifts in international cooperation and the role of universal values in enabling sustainable economic development.
During the discussions, SPIEF participants will assess and review the effectiveness of measures taken, in the past years, to achieve Russia’s economic stability and progress, and concretely to determine further economic development trajectories in the Russian Federation and its footprints in different regions in the world amidst the current geopolitical challenges.
“We are witnessing tectonic shifts in the world. Not only is the economic map changing, but so too, in some sense, are the systems of economic activity and social relations in a number of countries and even intergovernmental blocs. The St. Petersburg International Economic Forum is becoming more than just a space for dialogue and the generation of ideas and solutions. It is turning into a platform where new meanings and even new practices emerge that can shape the contours of the future.
“It’s important not only to observe these changes, but to drive them and set their direction. And all of this must happen through a format of meaningful, trust-based and collaborative dialogue,” said Anton Kobyakov, Adviser to the President of the Russian Federation and Executive Secretary of the SPIEF Organizing Committee.
The business programme has been structured around four key thematic pillars, each revealing a different dimension of global and national transformation. The central pillar, “Development Economics: Ensuring Growth”, reflects the logic of new economic thinking. It covers two major areas. “The Global Economy: A New Platform for Global Growth” focuses on the resilience of macroeconomic models, investment strategies, the expansion of logistics routes, and the development of new markets.
Discussions will address the future of international trade and supply chain transformation, the role of small and medium-sized businesses, and the regional and sector-specific dimensions of economic policy. Another major area is “The Russian Economy: A New Level of Growth”, which explores the opportunities and challenges facing the Russian economy amid global shifts.
Topics will include building an effective new-cycle economic model, strengthening the resilience of domestic industries, and developing priority sectors such as manufacturing, agriculture, and high technology. This track will also cover Russia’s innovation potential, its integration into global economic processes, investment attraction strategies, and the strengthening of the domestic market.
These themes are directly linked to technological sovereignty and innovation. The “Technology: Pursuing Leadership” pillar will focus on key directions in technological development from AI and automation to independence in microelectronics, new materials, energy, and cybersecurity. At the core is the formation of a sustainable and competitive technological base capable of ensuring the long-term development of the economy and society.
Technological advancement is impossible without a stable value system and strong cultural identity. That’s why the third pillar, “The Living Environment”, will address information sovereignty, cultural identity, social cohesion, and international humanitarian cooperation. Participants will explore how meaning is shaped and communicated in the media landscape, the mechanisms of trust in the digital age, and the role of tradition and historical memory.
This naturally leads into the fourth pillar, “The Individual in a New World”, which will focus on quality of life, health, education, family well-being, urban development, and personal fulfilment. Special attention will be paid to youth and women’s participation in the economy, new employment formats, and managing human capital as a key resource for the future.
The programme will also include sector-specific and international events that have already proven to be essential gathering points for the professional community. Among them are the SCO and BRICS Business Forums, the B20 Forum, the SME Forum, the Creative Industries Forum, and the ‘Ensuring Drug Security’ Russian Pharmaceutical Forum.
The traditional format of business dialogues with representatives from China, India, Africa, Latin America, the Middle East, ASEAN, the CIS, and the EAEU will support the expansion of bilateral and multilateral ties, showcase investment projects, and explore industrial and scientific cooperation opportunities. Additional events will include business breakfasts with leaders of major companies, project presentations, public interviews, agreement signings, and an exhibition programme.
This year’s SPIEF will also host the General Assembly of the Organization of Asia-Pacific News Agencies (OANA), as well as the Day of the Future International Youth Economic Forum. The latter is supported by Friends for Leadership, an organization accredited by the UN Economic and Social Council (ECOSOC), which brings together young leaders, entrepreneurs and experts from over 100 countries. It was created by the Roscongress Foundation following the 19th World Festival of Youth and Students in 2017.
From the above discussion, reiterating that the theme, “Shared Values: The Foundation of Growth in a Multipolar World”, reflects profound shifts in the framework of international cooperation. Rapidly evolving economic and political processes are transforming the global landscape. The current changes demand broad expert discussion, and SPIEF, as one of the largest business forums, provides a platform for an open dialogue. In addition, it aims to become a space where new ideas are born, shaped into strategy, and transformed into real-world processes that can help shape the future.
The Roscongress Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, helps foster social entrepreneurship and charitable initiatives. The Roscongress Foundation was established in pursuance of a decision by the President of the Russian Federation.
World
Trump’s Tariffs, Russia and Africa Trade Cooperation in Emerging Multipolar World

By Kestér Kenn Klomegâh
With geopolitical situation heightening, trade wars are also becoming increasingly prominent. The 47th United States President Donald Trump has introduced trade tariffs, splashed it over the world. China, an Asian trade giant and an emerging economic superpower, has its highest shared.
South Africa, struggling with its fragile foreign alliances, is seriously navigating the new United States economic policy and trade measures, at least to maintain its membership in the African Growth and Opportunities Act (AGOA) which is going to expire in September 2025.
It is a well-known fact that AGOA waived duties on most commodities from Africa in order to boost trade in American market. The AGOA also offers many African countries trade preferences in the American market, earning huge revenues for their budgets. Financial remittances back to Africa also play mighty roles across the continent from the United States.
That however, the shifting geopolitical situation combined with Trump’s new trade policies and Russia’s rising interest in Africa, the overarching message for African leaders and business corporate executives is to review the level of degree how to appreciably approach and strengthen trade partnership between Africa and Russia.
The notion of a new global order and frequently phrased multipolar world, indicating the construction of a fairer architecture of interaction, in practical terms, has become like a relic and just as a monumental pillar. Even as we watch the full-blown recalibration of power, the geopolitical reshuffling undoubtedly creates the conditions for new forms of cooperation.
In this current era of contradictions and complexities we are witnessing today, we must rather reshape and redefine rules and regulations to facilitate bilateral and multilateral relations between African countries and Russia, if really Russia seeks to forge post-Soviet strategic economic cooperation with Africa.
In fact, post-Soviet in the sense that trade is not concentrate on state-to-state but also private – including, at least, medium scale businesses. The new policy dealing with realities of the geopolitical world, distinctively different from Soviet-era slogans and rhetorics of ‘international friendship and solidarity’ of those days.
Bridging Africa and Russia, at least in the literal sense of the word, necessitates partial departure from theoretical approach to implementing several bilateral and multilateral decisions, better still agreements reached at previous summits and conferences during the past decade.
Understandably Africa has a stage, Russia termed ‘the struggle against neo-colonial tendencies’ and mounting the metal walls against the ‘scrambling of resources’ across Africa. Some experts argued that Africa, at the current stage, has to develop its regions, modernize most the post-independence-era industries to produce exportable goods, not only for domestic consumption. Now the emphasis is on pushing for prospects of a single continental market, the African Continental Free Trade Agreement (AfCFTA).
This initiative, however, must be strategically and well-coordinated well, and here I suggest integration and cooperation starting at country-wide basis to regional level before it broadly goes to the entire continent, consisting 54 independent states.
These are coordinated together as African Union (AU), which in January 2021 initiated the African Continental Free Trade Agreement (AfCFTA). With this trading goals in mind, Africa as a continent has to integrate, promote trade and economic cooperation, engage in investment and development. In that direction, genuine foreign partners are indiscriminately required, foreign investment capital in essential for collaboration as well as their entrepreneurial skills and technical expertise.
For instance, developing relations with Asian giants such China and India, the European Union and the United States. A number of African countries are shifting to the BRICS orbit, in search for feasible alternative opportunities, for the theatrical trade drama. In the Eurasian region and the former Soviet space, Kazakhstan and Russia stand out, as potential partners, for Africa.
Foreign Affairs Minister Sergey Lavrov has said, at the podium before the staff and students at Moscow State Institute of International Affairs in September, that trade between Russia and Africa would grow further as more and more African partners continued to show interest in having Russians in the economic sectors in Africa. This provides greater competition between the companies from Western countries, China, and Russia. With competition for developing mineral resources in Africa, it is easier and cheaper for African colleagues to choose partners.
As far back in October 2010, Russian Foreign Affairs Ministry posted an official report on its website that traditional products from least developed countries (including Africa) would be exempted from import tariffs. The legislation stipulated that the traditional goods are eligible for preferential customs and tariffs treatment.
Thereafter, Minister Sergey Lavrov has reiterated, in speeches, trade preferences for African exporters, but terribly failed to honour these thunderous promises. Notwithstanding the above granting trade preferences, there prevailing multitude of questions relating to the pathways of improving trade transactions, and removing obstacles including those Soviet-era rules and regulations.
Logistics is another torny hurdle. Further to this, Russian financial institutions can offer credit support that will allow to localize Russian production in Africa’s industrial zones, especially southern and eastern African regions that show some stability and have good investment and business incentives.
In order to operate more effectively, Russians have to risk by investing, recognize the importance of cooperation on key investment issues and to work closely on the challenges and opportunities on the continent. On one hand, analyzing the present landscape of Africa, Russia can export its technology and compete on equal terms with China, India and other prominent players. On the other hand, Russia lacks the competitive advantage in terms of finished industrial (manufactured) products that African consumers obtain from Asian countries such as China, India, Japan and South Korea.
Compared to the United States and Europe, Russia did very little after the Cold War and it is doing little even today in Africa. On 27th–28th July 2023, St Petersburg hosted the second Russia-Africa summit. At the plenary session, President Vladimir Putin underscored the fact that there was, prior to the collapse of the Soviet, there were over 330 large infrastructure and industrial facilities in Africa, but most were lost. Regarding trade, Putin, regrettably, noted Russia’s trade turnover with the African countries increased in 2022 and reached almost US$18 billion, (of course, that was 2022).
Arguably, Russia’s economic presence is invisible across Africa. It currently has insignificant trade statistics. Until the end of the first quarter of 2025, Russia still has a little over $20 billion trade volume with Africa. Statistics on Africa’s trade with foreign countries vary largely.
For example, the total United States two-way trade in Africa has actually fallen off in recent years, to about $60 billion, far eclipsed by the European Union with over $240 billion, and China more than $280 billion, according to a website post by the Brookings Institution.
According to the African Development Bank, Africa’s economy is growing faster than those of any other regions. Nearly half of Africa is now classified as middle income countries, the numbers of Africans living below the poverty line fell to 39 percent as compared to 51 percent in 2023, and around 380 million of Africa’s 1.4 billion people are now earning good incomes – rising consumerism – that makes trade profitable.
Nevertheless, there is great potential, as African leaders and entrepreneurial community are turing to Russia for multifaceted cooperation due to the imperialist approach of the United States and its hegemonic stand triggered over the years, and now with Trump new trade tariffs and Washington’s entire African policy.
China has done its part, Russia has to change and adopt new rules and regulations, pragmatic approach devoid of mere frequent rhetorics. It is important discussing these points, and to shamelessly repeat that both Russia and Africa have to make consistent efforts to look for new ways, practical efforts at removing existing obstacles that have impeded trade over the years.
Sprawling from the Baltic Sea to the Pacific Ocean, Russia is a major great power and has the potential to become a superpower. Russia can regain part of its Soviet-era economic power and political influence in present-day Africa.
Certainly, the expected superpower status has to be attained by practical multifaceted sustainable development and by maintaining an appreciably positive relations with Africa. We have come a long way, especially after the resonating first summit (2019 and high-praised second summit (2023), several bilateral agreements are yet to be implemented. The forthcoming Russia – Africa Partnership summit is slated for 2026, inside Africa and preferably in Addis Ababa, Ethiopia.
Kestér Kenn Klomegâh is a frequent and passionate contributor. During his professional career as a researcher specialising in Russia-Africa policy, which spans nearly two decades, he has been detained and questioned several times by Russian federal security services for reporting facts. Most of his well-resourced articles are reprinted in a number of reputable foreign media.
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