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From Author’s Archive, Dedicated to Mandela’s Centenary: Russia Discovers Africa

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By Kester Kenn Klomegah

At long last, on the eve of his retirement, South African President Nelson Mandela has come to Moscow on an official visit. His goodwill trip is designed to express his gratitude to Russia for its support during the struggle against apartheid. It could also mark a strengthening of relations between countries that won freedom from communism and apartheid, respectively in the early 1990s, and have subsequently become two of the world’s most important emerging democracies.

Mandela’s visit has been long planned but frequently postponed. He originally intended to visit to Russia in 1995, but had to change his plans because of political tensions at home. Mandela was again due to meet Russian President Boris Yeltsin in 1996, 1997 and 1998, but the meetings, for one reason or another, did not materialize.

Moscow, a strong supporter of Mandela’s African National Congress during the years of apartheid, is keen on deepening economic relations with both South Africa and other African regions. Russia removed its remaining economic sanctions against South Africa in 1994, after the United Nations Security Council scrapped the 17-year arms embargo against Pretoria.

Since then, however, the relationship has languished, and the heads of other African states such as Presidents Hosni Mubarak of Egypt, Sam Nujoma of Namibia and Jose Eduardo Dos Santos of Angola have seemingly overtaken South Africa in the marathon race to the Kremlin. Now, as one senior Western diplomat put it, President Yeltsin realizes that the time has come to start building new, diversified post-communist relations between Russia and South Africa.

The relationship between Moscow and Pretoria has not been without tensions, some of which manifested themselves in the walk-up to President Mandela’s current official visit. An article in the Russian daily Nezavisimaya Gazeta accused Mandela of deliberately making the visit impossible. It claimed that the South African president had given priority to visiting various Western countries and that his foreign policy advisors were responsible for giving him bad advice and for diplomatic blunders.

South African diplomatic sources, however, say such allegations are groundless, and that it was Russia that made Mandela’s visit impossible, by giving the South African side insufficient notice that the Kremlin was ready to receive him. In addition, Russia in recent years has increased its diplomatic relations with China, Japan, India, Middle Eastern and Western countries, while, in the view of some African diplomats, backing away from engagement with Africa.

Some Russians, meanwhile, have noted that relations with Africa have foundered, and have made efforts to address the problem. In March 1997 and May 1998, the State Duma, in conjunction with foreign policy academics from various African studies institutes, held special sessions on how to improve the decaying relations between Russia and African countries. Yeltsin, meanwhile, praised Mandela’s contribution to developing cooperation between Russia and South Africa in a goodwill message on the occasion of Mandela’s 80th birthday.

With Mandela now in town, Russia is likely to boost and expand trade ties and seek comprehensive approaches toward improving the overall relationship with South Africa. Trade ties between the two states have been growing over the past several years. Russia has been negotiating for a new agreement between Almazy Rossii-Sakha, or Alrosa, Russia’s largest producer and exporter of diamonds, and the South African diamond corporation, DeBeers.

A deepening of the relationship between Russia and South Africa could also serve to show other African nations the value of a relationship with post-Soviet Russia.

“The major problem with African countries stems from the fact that African political elites are still oriented towards the West and maintain a strong belief that Russia is still pursuing communist ideals,” Dr. Edmundo Manicah, a Mozambican researcher and political analyst, said.

African politicians need to realize that Russia possesses resources, a sound technical base, a well-developed infrastructure and economic potential. Southeast Asia and India have taken advantage of Russia’s market liberalization and economic reforms, and African states might well consider the possibility of re-establishing their Soviet era interstate committees, which were responsible for developing bilateral economic relations between the two continents.

In any case, as Manicah noted, Africa could benefit from the “progressive changes” that have taken place in Russia. African states should consider strategically reviewing relations with democratic Russia. This is especially so given that Africa’s integration into the global political and economy depends largely on devising dynamic and progressive international political strategies and methods. Africa’s leaders must make a conscious effort to open their doors to the Kremlin instead of looking exclusively westward.

Mandela’s visit could now open the way for the whole of Africa to begin a real and aggressive drive into Russia’s emerging market. The visit could also redefine Russia’s overall relations with the countries of Africa. These relationships must be pursued vigorously. They are one way of ensuring that the century we are about to usher in will be a better one.

Kester Kenn Klomegah is an independent researcher and writer on African affairs based in Moscow. He contributed this comment to The Moscow Times. Copyright@TMT30April,1999.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Comviva Wins at IBSi Global FinTech Innovation Award

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Rajesh Chandiramani

By Modupe Gbadeyanka

For transforming cross-border payments through its deployment with Global Money Exchange, Comviva has been named Best In-Class Cross Border Payments.

The global leader in digital transformation solutions clinched this latest accolade at the IBS Intelligence Global FinTech Innovation Award 2025.

The recognition highlights how Comviva’s mobiquity Pay is helping shape a modern cross-border payment ecosystem that stretches far beyond conventional remittance services.

Deployed as a white label Wallet Platform and launched as Global Pay Oman App, it fulfils GMEC’s dual vision—positioning itself as an innovative payment service provider while digitally extending its core money transfer business.

The solution allows GMEC to offer international money transfers alongside seamless forex ordering and other services. These capabilities sit alongside a broad suite of everyday financial services, including bill and utility payments, merchant transactions, education-related payments, and other digital conveniences — all delivered through one unified experience.

“This award is a testament to Oman’s accelerating digital transformation and our commitment to reshaping how cross-border payments serve people and businesses across the Sultanate.

“By partnering with Comviva and bringing the Global Pay Oman Super App, we have moved beyond traditional remittance services to create a truly inclusive and future-ready financial ecosystem.

“This innovation is not only enhancing convenience and transparency for our customers but is also supporting Oman’s broader vision of building a digitally empowered economy,” the Managing Director at Global Money Exchange, Subromoniyan K.S, said.

Also commenting, the chief executive of Comviva, Mr Rajesh Chandiramani, said, “Cross-border payments are becoming a daily necessity, not a niche service, particularly for migrant and trade-linked economies.

“This recognition from IBS Intelligence validates our focus on building payment platforms that combine global reach with local relevance, operational resilience and a strong user experience. The deployment with Global Money Exchange Co. demonstrates how mobiquity® Pay enables financial institutions to move beyond remittances and deliver integrated digital services at scale.”

“The deployment of mobiquity Pay for GMEC showcases how scalable, API-driven digital wallet platforms can transform cross-border payments into seamless, value-rich experiences.

“By integrating remittances, bill payments, forex services, and AI-powered engagement into a unified Super App, Comviva has reimagined customer journeys and operational agility.

“This Best-in-Class Cross-border Payments award win stands as a testament to Comviva’s excellence in enabling financial institutions to compete and grow in a digitally convergent world,” the Director for Research and Digital Properties at IBS Intelligence, Nikhil Gokhale, said.

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Russia Renews Africa’s Strategic Action Plan

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Russia Africa's Strategic Action Plan

By Kestér Kenn Klomegâh

At the end of an extensive consultation with African foreign ministers, Russian Foreign Minister, Sergey Lavrov, has emphasized that Moscow would advance its economic engagement across Africa, admittedly outlining obstacles delaying the prompt implementation of several initiatives set forth in Strategic Action Plan (2023-2026) approved in St. Petersburg during the Russia-Africa Summit.

The second Ministerial Conference, by the Russian Foreign Ministry with support from Roscongress Foundation and the Arab Republic of Egypt, marked an important milestone towards raising bilateral investment and economic cooperation.

In Cairo, the capital city of the Arab Republic of Egypt, Lavrov read out the final resolution script, in a full-packed conference hall, and voiced strong confidence that Moscow would achieve its strategic economic goals with Africa, with support from the African Union (AU) and other Regional Economic blocs in the subsequent years. Despite the complexities posed by the Russia-Ukraine crisis, combined with geopolitical conditions inside the African continent, Moscow however reiterated its position to take serious steps in finding pragmatic prospects for mutual cooperation and improve multifaceted relations with Africa, distinctively in the different sectors: in trade, economic and investment spheres, education and culture, humanitarian and other promising areas.

The main event was the plenary session co-chaired by Russian Foreign Minister Sergey Lavrov and Egyptian Minister of Foreign Affairs, Emigration, and Egyptians Abroad Bashar Abdelathi. Welcome messages from Russian President Vladimir Putin and Egyptian President Abdelhak Sisi were read.

And broadly, the meeting participants compared notes on the most pressing issues on the international and Russian-African agendas, with a focus on the full implementation of the Russia-Africa Partnership Forum Action Plan for 2023-2026, approved at the second Russia-Africa Summit in St. Petersburg in 2023.

In addition, on the sidelines of the conference, Lavrov held talks with his African counterparts, and a number of bilateral documents were signed. A thematic event was held with the participation of Russian and African relevant agencies and organizations, aimed at unlocking the potential of trilateral Russia-Egypt-Africa cooperation in trade, economic, and educational spheres.

With changing times, Africa is rapidly becoming one of the key centers of a multipolar world order. It is experiencing a second awakening. Following their long-ago political independence, African countries are increasingly insisting on respect for their sovereignty and their right to independently manage their resources and destiny. Based on these conditions, it was concluded that Moscow begins an effective and comprehensive work on preparing a new three-year Cooperation and Joint Action Plan between Russia and Africa.

Moreover, these important areas of joint practical work are already detailed in the Joint Statement, which was unanimously approved and will serve as an important guideline for future work. According to reports, the Joint Statement reflects the progress of discussions on international and regional issues, as well as matters of global significance.

Following the conference, the Joint Statement adopted reflects shared approaches to addressing challenges and a mutual commitment to strengthening multifaceted cooperation with a view to ensuring high-quality preparation for the third Russia-Africa Summit in 2026.

On December 19-20, the Second Ministerial Conference of the Russia-Africa Partnership Forum was held in Cairo, Egypt. It was held for the first time on the African continent, attended by heads and representatives of the foreign policy ministries of 52 African states and the executive bodies of eight regional integration associations.

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TikTok Signs Deal to Avoid US Ban

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Forex Advice on TikTok

By Adedapo Adesanya

Social media platform, TikTok’s Chinese owner ByteDance has signed binding agreements with United States and global investors to operate its business in America.

Half of the joint venture will be owned by a group of investors, including Oracle, Silver Lake and the Emirati investment firm MGX, according to a memo sent by chief executive, Mr Shou Zi Chew.

The deal, which is set to close on January 22, 2026 would end years of efforts by the US government to force ByteDance to sell its US operations over national security concerns.

It is in line with a deal unveiled in September, when US President Donald Trump delayed the enforcement of a law that would ban the app unless it was sold.

In the memo, TikTok said the deal will enable “over 170 million Americans to continue discovering a world of endless possibilities as part of a vital global community”.

Under the agreement, ByteDance will retain 19.9 per cent of the business, while Oracle, Silver Lake and Abu Dhabi-based MGX will hold 15 per cent each.

Another 30.1 per cent will be held by affiliates of existing ByteDance investors, according to the memo.

The White House previously said that Oracle, which was co-founded by President Trump’s supporter Larry Ellison, will license TikTok’s recommendation algorithm as part of the deal.

The deal comes after a series of delays.

Business Post reported in April 2024 that the administration of President Joe Biden passed a law to ban the app over national security concerns, unless it was sold.

The law was set to go into effect on January 20, 2025 but was pushed back multiple times by President Trump, while his administration worked out a deal to transfer ownership.

President Trump said in September that he had spoken on the phone to China’s President Xi Jinping, who he said had given the deal the go ahead.

The platform’s future remained unclear after the leaders met face to face in October.

The app’s fate was clouded by ongoing tensions between the two nations on trade and other matters.

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