World

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

Published

7 years ago

22/07/2018

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.

World

Russian-Nigerian Economic Diplomacy: Ajeokuta Symbolises Russia’s Remarkable Achievement in Nigeria

Published

5 days ago

01/12/2025

Business Post Contributor

By Kestér Kenn Klomegâh

Over the past two decades, Russia’s economic influence in Africa—and specifically in Nigeria—has been limited, largely due to a lack of structured financial support from Russian policy banks and state-backed investment mechanisms. While Russian companies have demonstrated readiness to invest and compete with global players, they consistently cite insufficient government financial guarantees as a key constraint.

Unlike China, India, Japan, and the United States—which have provided billions in concessionary loans and credit lines to support African infrastructure, agriculture, manufacturing, and SMEs—Russia has struggled to translate diplomatic goodwill into substantial economic projects. For example, Nigeria’s trade with Russia accounts for barely 1% of total trade volume, while China and the U.S. dominate at over 15% and 10% respectively in the last decade. This disparity highlights the challenges Russia faces in converting agreements into actionable investment.

Lessons from Nigeria’s Past

The limited impact of Russian economic diplomacy echoes Nigeria’s own history of unfulfilled agreements during former President Olusegun Obasanjo’s administration. Over the past 20 years, ambitious energy, transport, and industrial initiatives signed with foreign partners—including Russia—often stalled or produced minimal results. In many cases, projects were approved in principle, but funding shortfalls, bureaucratic hurdles, and weak follow-through left them unimplemented. Nothing monumental emerged from these agreements, underscoring the importance of financial backing and sustained commitment.

China as a Model

Policy experts point to China’s systematic approach to African investments as a blueprint for Russia. Chinese state policy banks underwrite projects, de-risk investments, and provide finance often secured by African sovereign guarantees. This approach has enabled Chinese companies to execute large-scale infrastructure efficiently, expanding their presence across sectors while simultaneously investing in human capital.

Egyptian Professor Mohamed Chtatou at the International University of Rabat and Mohammed V University in Rabat, Morocco, argues: “Russia could replicate such mechanisms to ensure companies operate with financial backing and risk mitigation, rather than relying solely on bilateral agreements or political connections.”

Russia’s Current Footprint in Africa

Russia’s economic engagement in Africa is heavily tied to natural resources and military equipment. In Zimbabwe, platinum rights and diamond projects were exchanged for fuel or fighter jets. Nearly half of Russian arms exports to Africa are concentrated in countries like Nigeria, Zimbabwe, and Mozambique. Large-scale initiatives, such as the planned $10 billion nuclear plant in Zambia, have stalled due to a lack of Russian financial commitment, despite completed feasibility studies. Similar delays have affected nuclear projects in South Africa, Rwanda, and Egypt.

Federation Council Chairperson Valentina Matviyenko and Senator Igor Morozov have emphasized parliamentary diplomacy and the creation of new financial instruments, such as investment funds under the Russian Export Center, to provide structured support for businesses and enhance trade cooperation. These measures are designed to address historical gaps in financing and ensure that agreements lead to tangible outcomes.

Opportunities and Challenges

Analysts highlight a fundamental challenge: Russia’s limited incentives in Africa. While China invests to secure resources and export markets, Russia lacks comparable commercial drivers. Russian companies possess technological and industrial capabilities, but without sufficient financial support, large-scale projects remain aspirational rather than executable.

The historic Russia-Africa Summits in Sochi and in St. Petersburg explicitly indicate a renewed push to deepen engagement, particularly in the economic sectors. President Vladimir Putin has set a goal to raise Russia-Africa trade from $20 billion to $40 billion over the next few years. However, compared to Asian, European, and American investors, Russia still lags significantly. UNCTAD data shows that the top investors in Africa are the Netherlands, France, the UK, the United States, and China—countries that combine capital support with strategic deployment.

In Nigeria, agreements with Russian firms over energy and industrial projects have yielded little measurable progress. Over 20 years, major deals signed during Obasanjo’s administration and renewed under subsequent governments often stalled at the financing stage. The lesson is clear: political agreements alone are insufficient without structured investment and follow-through.

Strategic Recommendations

For Russia to expand its economic influence in Africa, analysts recommend:

Structured financial support: Establishing state-backed credit lines, policy bank guarantees, and investment funds to reduce project risks.
Incentive realignment: Identifying sectors where Russian expertise aligns with African needs, including energy, industrial technology, and infrastructure.
Sustained implementation: Turning signed agreements into tangible projects with clear timelines and milestones, avoiding the pitfalls of unfulfilled past agreements.

With proper financial backing, Russia can leverage its technological capabilities to diversify beyond arms sales and resource-linked deals, enhancing trade, industrial, and technological cooperation across Africa.

Conclusion

Russia’s Africa strategy remains a work in progress. Nigeria’s experience with decades of agreements that failed to materialize underscores the importance of structured financial commitments and persistent follow-through. Without these, Russia risks remaining a peripheral player (virtual investor) while Arab States such as UAE, China, the United States, and other global powers consolidate their presence.

The potential is evident: Africa is a fast-growing market with vast natural resources, infrastructure needs, and a young, ambitious population. Russia’s challenge—and opportunity—is to match diplomatic efforts with financial strategy, turning political ties into lasting economic influence.

World

Afreximbank Warns African Governments On Deep Split in Global Commodities

Published

1 week ago

27/11/2025

Adedapo Adesanya

By Adedapo Adesanya

Africa Export-Import Bank (Afreximbank) has urged African governments to lean into structural tailwinds, warning that the global commodity landscape has entered a new phase of deepening split.

In its November 2025 commodity bulletin, the bank noted that markets are no longer moving in unison; instead, some are powered by structural demand while others are weakening under oversupply, shifting consumption patterns and weather-related dynamics.

As a result of this bifurcation, the Cairo-based lender tasked policymakers on the continent to manage supply-chain vulnerabilities and diversify beyond the commodity-export model.

The report highlights that commodities linked to energy transition, infrastructure development and geopolitical realignments are gaining momentum.

For instance, natural gas has risen sharply from 2024 levels, supported by colder-season heating needs, export disruptions around the Red Sea and tightening global supply. Lithium continues to surge on strong demand from electric-vehicle and battery-storage sectors, with growth projections of up to 45 per cent in 2026. Aluminium is approaching multi-year highs amid strong construction and automotive activity and smelter-level power constraints, while soybeans are benefiting from sustained Chinese purchases and adverse weather concerns in South America.

Even crude oil, which accounts for Nigeria’s highest foreign exchange earnings, though still lower year-on-year, is stabilising around $60 per barrel as geopolitical supply risks, including drone attacks on Russian facilities, offset muted global demand.

In contrast, several commodities that recently experienced strong rallies are now softening.

The bank noted that cocoa prices are retreating from record highs as West African crop prospects improve and inventories recover. Palm oil markets face oversupply in Southeast Asia and subdued demand from India and China, pushing stocks to multi-year highs. Sugar is weakening under expectations of a nearly two-million-tonne global surplus for the 2025/26 season, while platinum and silver are seeing headwinds from weaker industrial demand, investor profit-taking and hawkish monetary signals.

For Africa, the bank stresses that the implications are clear. Countries aligned with energy-transition metals and infrastructure-linked commodities stand to benefit from more resilient long-term demand.

It urged those heavily exposed to softening agricultural markets to accelerate a shift into processing, value addition and product diversification.

The bulletin also called for stronger market-intelligence systems, improved intra-African trade connectivity, and investment in logistics and regulatory capacity, noting that Africa’s competitiveness will depend on how quickly governments adapt to the new two-speed global environment.

World

Aduna, Comviva to Accelerate Network APIs Monetization

Published

2 weeks ago

25/11/2025

Modupe Gbadeyanka

By Modupe Gbadeyanka

A strategic partnership designed to accelerate worldwide enterprise adoption and monetisation of Network APIs has been entered into between Comviva and the global aggregator of standardised network APIs, Aduna.

The adoption would be done through Comviva’s flagship SaaS-based platform for programmable communications and network intelligence, NGAGE.ai.

The partnership combines Comviva’s NGAGE.ai platform and enterprise onboarding expertise with Aduna’s global operator consortium.

This unified approach provides enterprises with secure, scalable access to network intelligence while enabling telcos to monetise network capabilities efficiently.

The collaboration is further strengthened by Comviva’s proven leadership in the global digital payments and digital lending ecosystem— sectors that will be among the biggest adopters of Network APIs.

The NGAGE.ai platform is already active across 40+ countries, integrated with 100+ operators, and processing over 250 billion transactions annually for more than 7,000 enterprise customers. With its extensive global deployment, NGAGE.ai is positioned as one of the most scalable and trusted platforms for API-led network intelligence adoption.

“As enterprises accelerate their shift toward real-time, intelligence-driven operations, Network APIs will become foundational to digital transformation. With NGAGE.ai and Aduna’s global ecosystem, we are creating a unified and scalable pathway for enterprises to adopt programmable communications at speed and at scale.

“This partnership strengthens our commitment to helping telcos monetise network intelligence while enabling enterprises to build differentiated, secure, and future-ready digital experiences,” the chief executive of Comviva, Mr Rajesh Chandiramani, stated.

Also, the chief executive of Aduna, Mr Anthony Bartolo, noted that, “The next wave of enterprise innovation will be powered by seamless access to network intelligence.

“By integrating Comviva’s NGAGE.ai platform with Aduna’s global federation of operators, we are enabling enterprises to innovate consistently across markets with standardised, high-performance Network APIs.

“This collaboration enhances the value chain for operators and gives enterprises the confidence and agility needed to launch new services, reduce fraud, and deliver more trustworthy customer experiences worldwide.”