World
Geopolitics: Russia Extending its Sphere of Influence in Africa’s Sahel

By Kester Kenn Klomegah
With renewed and full-fledged interest to uproot French domination, Russia has ultimately begun making inroads into Africa’s Sahel region, an elongated landlocked territory located between North Africa (Maghreb) and West Africa, and also stretches from the Atlantic Ocean to the Red Sea.
While it remains largely underdeveloped and the greater part of the population impoverished, terrorist organizations including Boko Haram and Al-Qaeda in the Islamic Maghreb (AQIM) are operating and have contributed to the frequent violence, extremism and instability in this vast region.
Usually referred to as the G5 Sahel, it consists of Burkina Faso, Chad, Mali, Mauritania and Niger. Besides instability, these countries are engulfed with various socio-economic problems primarily due to the system of governance and poor policies toward sustainable development. There are, in addition, rights abuse and cultural practices that affect development.
In July 2020, the United States raised concern over the growing number of allegations of human rights violations and abuses by state security forces in the entire Sahel. The US response came after the documents released by Human Rights Watch in early July. France, former colonial power, still attempts at dominating the region. France has announced the pulling out of the military force, abruptly ending its counter-terrorism operations and thus creating a huge vacuum.
By 2022, France plans to reduce and move its troops and will be restricted to regions that are not strategic for combating terrorism, which indicates that they will probably only act in the security of specific points, such as diplomatic and international organizations facilities. That ends the so-called “Operation Barkhane”, which was a military mission marked by a tactic of permanent occupation of the Sahel countries by French troops. The French government, however, apparently will try to reorganize its strategy in Africa. It seems that the focus of action will turn to the Gulf of Guinea.
For fear and concerns about the new rise of terrorism, the Sahel-5 countries are turning to Russia. Last year after the political power changed hands on August 18 in Mali, a former French colony with a fractured economy and a breeding field for armed Islamic jihadist groups, Russia offered tremendous assistance.
By showing support for the military government in Mali, Russia has utterly ignored or violated the protocols for implementing the “Silencing the Guns” agenda in West Africa, a flagship programme of the African Union’s Agenda 2063. Now Russia is capitalizing on this loophole opportunity, eyeing Chad and Mali as possible conduits, to penetrate into the Sahel.
Foreign Ministers of the Sahel countries have been lining up for visits to Russia, the latest being the Minister of Foreign Affairs, African Integration and Chadians Abroad of the Republic of Chad, Cherif Zene Mahamat, who paid a working visit on December 6‒8. Prior to that, Malian Foreign Minister Abdoulaye Diop visited in November. In both meetings, several critical issues were discussed: military assistance to fight growing terrorism, and efforts to strengthen political dialogue and promote some kind of partnerships relating to trade and the economy in the region.
In the middle of November, Chairperson of the African Union Commission, Moussa Faki Mahamat, agreed with Sergey Lavrov on terms of helping with the necessary equipment, weapons and ammunition in the Sahel. Lavrov referred to this in his opening remarks as “military and technical cooperation” with AU’s Chairperson Faki Mahamat – “a worthy representative in this high position of pan-regional importance.”
“We discussed African affairs at length: the difficult situation in the Sahara-Sahel zone that was destabilized after NATO’s aggressive attack on Libya. This was followed by an inflow of terrorists, smugglers, and volumes of illegal weapons from the north to the south of Africa. These criminals were particularly attracted to this area and the Lake Chad region,” Lavrov told the media conference following the closed-door meeting on December 7.
In the process, it is necessary to mobilize all available resources of the Africans and the international community for fighting terrorist groups. Nevertheless, it is also necessary for Russia’s efforts to maintain the joint forces of the Sahel Five, according to Lavrov. He further assured: “we will continue supporting it with the supply of arms and hardware and personnel training, including peacekeepers, as it is very important to help put an end to this evil and other challenges and threats, including drug trafficking and other forms of organized crime.”
According to several narratives, Russia has agreed to push the Wagner mercenaries into the entire Sahara-Sahel, including the G5 Sahel group of Burkina Faso, Chad, Mali, Mauritania, and Niger, which focused on combating terrorism. Many experts say Russia has set out to battle against the neo-colonial tendencies of France and stepping also to join what is often phrased “the scramble for resources” in Africa.
In his remarks, Lavrov explicitly points to creating favourable conditions for the implementation of Russian projects in Chad, including in the field of energy and the extraction of mineral resources.
Further to such narratives, Russia has meanwhile embarked on fighting “neo-colonialism” which it considers as a stumbling stone on its way to regain a part of its Soviet-era influence in Africa. Russia has sought to convince Africans over the past years of the likely dangers of neocolonial tendencies perpetrated by the former colonial countries and the scramble for resources on the continent. However, all such warnings could fall on deaf ears as African leaders choose development partners with funds to invest in the economy.
It is necessary to acknowledge that neither France, Russia, the United States nor any colonizing force will truly solve the problems that confront Africa. Some African leaders sign non-transparent agreements, routinely ignore both the executive and legislative decisions on tendering national projects and natural resources.
There have been cases, where huge natural-resource projects were given away without cabinet discussions and parliament’s approval. Apparently, these agreements on resources extraction hardly deliver broad-based development dividends.
Meanwhile, there are vivid indications that Russia is broadening its geography of diplomacy covering poor African countries and especially fragile States that need Russia’s military assistance. Chad, Mali and Niger, for example, have appeared on its radar, Russia sees some potential there – as a possible gateway into the Sahel in Africa.
Russian Foreign Ministry has explained in a statement posted on its website, that Russia’s military-technical cooperation with African countries is primarily directed at settling regional conflicts and preventing the spread of terrorist threats and fighting the growing terrorism in the continent. Worth noting here is that Russia, in its strategy on Africa is reported to be also looking into building military bases on the continent.
Over the past years, strengthening military-technical cooperation has been part of the foreign policy of the Russian Federation. Russia has signed bilateral military-technical cooperation agreements with many African countries. Researchers say it plans to build military bases as this article explicitly reported, among others.
Research Professor Irina Filatova at the Higher School of Economics in Moscow explains in an emailed conversation that “Russia’s influence in the Sahel has been growing just as French influence and assistance has been dwindling, particularly in the military sphere. It is for the African countries to choose their friends, but it would be better to deal directly with the government, than with (mercenaries of the Russian) Wagner group, whose connection with the government was barely recognized.”
In very particular cases, she suggested: “If they wanted the Russians to come and fight Islamist groups, it would be much better to ask the government to send regular troops. Wagner’s vigilantes are not responsible to anybody, and the Russian government may refuse to take any responsibility for whatever they do in case something goes wrong.”
In another interview, Grigory Lukyanov, a Senior Researcher at Russia’s Institute of Oriental Studies, explained that such relations are useful particularly in the field of resource extraction and security services, where Russia has competitive advantages.
According to media reports, the arrival of Russian mercenaries in the Sahel—of which thousands are expected—would jeopardize other external commitments to fighting terrorism, and limit development assistance from international organizations. For example, Reuters has reported that a possible contract could be worth US$10.8 million, or estimated more per month, depending on the contract, working with the Russian private military company Wagner Group.
Down the years, Kremlin has been saying the Russian government has no ties to the business of Wagner Group. Then at the same time, the Russian authorities have fiercely defended Wagner Group’s military business in countries facing conflicts that it has the legitimate right to work and pursue its business interests anywhere in the world as long as it did not break Russian law.
Reports indicated that the African Union has supported the activities of the Wagner group in Africa. While civilian abuses by the Russian mercenary group are rampant, especially in the Central African Republic, the African Union has displayed insensitivity in taking any drastic decision.
The Russians arrived in the Central African Republic in 2017 after the meeting between President Faustin-Archange Touadera and President Vladimir Putin and Russia’s Foreign Minister. Russian donated weapons to CAR’s weak military and provided 175 military instructors. Since then, the number of Russian instructors has grown to 1,200.
According to Pauline Bax, a Senior Editor and Policy Advisor at the International Crisis Group, “The situation in CAR is very precarious, a lot of the fighters are not necessarily Russians. There is a Libyan contingent. There are Syrian fighters, people from Ukraine and Chechnya fighters as well.
It is hard to get any clear idea of what exactly they do in the countryside. And this Wagner force together with the national army has managed to secure a lot of mining zones as well as major towns in the country, which was unprecedented, this has not happened in the Central African Republic in the last 20 years.”
United Nations Secretary-General António Guterres has often spoken against such collaboration, the use of Russian mercenaries in Africa. Instead, he has suggested pursuing the creation and deployment of the G5 Sahel Joint-Force and the United Nations Integrated Strategy (UNIS) for the Sahel could bring tangible progress. The countries in the region are particularly encouraged to adopt, with support from international partners, the necessary measures to fully implement the support plan in developing the region.
The Sahel-Sahara, the vast semi-arid region of Africa separating the Sahara Desert to the north and tropical savannas to the south, is as much a land of opportunities as it is of challenges. Although it has abundant human and natural resources, offering tremendous potential for rapid growth, there are deep-rooted challenges – environmental, political and security – that may affect the prosperity and peace of the Sahel.
For this reason, the United Nations has come up with a unique support plan targeting 10 countries to scale up efforts to accelerate prosperity and sustainable peace in the region. Burkina Faso, Cameroon, Chad, The Gambia, Guinea Mauritania, Mali, Niger, Nigeria and Senegal. The creation and deployment of the G5 Sahel Joint-Force and the United Nations Integrated Strategy (UNIS) for the Sahel could bring tangible progress.
The best option is to consider national and regional institutions, bilateral and multilateral organizations, the private sector and civil society organizations to work towards operationalizing and implementing the United Nations Security Council resolutions on the Sahel aim at attaining regional peace, and further accelerate the achievement of the Sustainable Development Goals (SDGs).
This article was first and originally published by IDN-InDepthNews
World
AFC Tops $1bn Revenue in 2024 Financial Year

By Adedapo Adesanya
Africa Finance Corporation (AFC), the continent’s top infrastructure solutions provider, has announced its strongest financial performance to date, with total revenue for the year ended December 31, 2024 surpassing $ 1 billion for the first time in its history.
This record performance marks a significant milestone in AFC’s mission to close Africa’s infrastructure gap through scalable, de-risked investments that attract global capital and deliver tangible development outcomes.
The corporation posted a 22.8 per cent increase in total revenue to US$1.1 billion and a 22.3 per cent rise in total comprehensive income to $400 million, up from $327 million in 2023.
AFC’s earnings growth was driven by improved asset yields, prudent cost-of-funds management and sustained traction in advisory mandates.
Further significant financial highlights include net interest income up 42.5 per cent to $ 613.6 million; fee and commission income rose to $109 million, the highest in over five years; operating income climbed 42.7 per cent to $709.7 million; total assets reached a record $14.4 billion, a 16.7 per cent year-on-year increase; liquidity coverage ratio strengthened to 194 per cent, providing over 34 months of cover; and cost-to-income ratio improved to 17.3 per cent from 19.6 per cent in 2023.
According to a statement, AFC said throughout 2024 it continued to scale its impact by mobilising capital for landmark projects across energy, transport, and natural resources.
These included the Lobito Corridor – a cross-border railway development spanning Angola, the Democratic Republic of Congo (DRC), and Zambia. AFC led the initiative to secure a concession agreement within one year of the initial Memorandum of Understanding (MoU), an unprecedented achievement for a project of its scale. In the DRC, AFC also invested $150 million in the Kamoa-Kakula Copper Complex, Africa’s largest copper producer and one of the most sustainable globally, thanks to its high-grade ore and renewable-powered smelter.
Other milestones transactions included financing support for the commissioning of the Dangote Refinery, the largest in Africa, and continued progress on AFC-backed Infinity Power Holding’s 10 GW clean energy ambition, with power purchase agreements secured in Egypt and South Africa.
AFC also invested in the 15GW Xlinks Morocco-UK Power Project, providing $14.1 million to support early-stage development of a transcontinental renewable energy pipeline between North Africa and Europe.
AFC strengthened its capital base and expanded its investor network through several landmark funding initiatives. These included a $ 1.16 billion syndicated loan – the largest in its history, a $500 million perpetual hybrid bond issue, and the successful execution of Nigeria’s first-ever domestic dollar bond, which raised $900 million at 180 per cent oversubscription.
AFC also returned to the Islamic finance market after eight years, closing a $400 million Shariah-compliant facility.
The year also saw strong momentum in equity mobilisation, with $181.8 million in new capital raised from ten institutional investors. These included Turk Eximbank – AFC’s first non-African sovereign shareholder – the Arab Bank for Economic Development in Africa (BADEA), and several major pension funds spanning Cameroon, Seychelles, Mauritius, and South Africa. Ratings agencies affirmed AFC’s robust credit profile, with AAA ratings from S&P Global (China) and China Chengxin International, and a stable A3 Outlook from Moody’s.
Speaking on the result, Ms Samaila Zubairu, President & CEO of AFC said, “These results send a clear message that strategic investment in African infrastructure creates lasting value for both beneficiaries and investors.”
“In 2024, we exceeded the billion-dollar revenue mark, delivered game-changing projects, and reinforced our financial resilience—demonstrating the scalability of our unique model that blends purpose with performance to accelerate Africa’s economic transformation,” she added.
World
Swedfund Pumps €26m into AfricInvest’s FIVE

By Modupe Gbadeyanka
The Financial Inclusion Vehicle (FIVE) of AfricInvest has received the injection of €26 million from Swedfund to boost access to financial services in Africa.
About a fifth of the African population has access to formal banking services. Limited access to finance restricts entrepreneurship, job creation, and the ability to absorb economic shocks.
Swedfund’s investment addresses this gap by supporting financial institutions that are expanding outreach and developing inclusive financial products, especially through new technology and digital solutions, particularly with AfricInvest’s FIVE, a platform designed to support financial institutions across Africa.
The investment aims to increase access to financial services for underserved individuals and small businesses, with a focus on digital innovation, economic empowerment and inclusion.
Through FIVE, Swedfund will strengthen the capital base of select financial institutions across Africa, enabling them to grow and reach more clients.
The investment also supports FIVE’s commitment to gender equality and women’s empowerment, creating positive change within its portfolio companies and communities.
By investing in a mix of traditional and digital-first financial service providers, including banks, insurers, and fintechs, Swedfund aims to catalyse more inclusive financial ecosystems, driving job creation and economic growth across the continent.
A Senior Investment Manager at Swedfund, Mr Jakob Larsson, while commenting on the fresh injection, said, “Our investment in FIVE further strengthens our engagement to improve access to banking and other financial services in underserved communities.
“This in turn spurs job creation and growth. We are also able to strengthen financial institutions and the development of innovative financial services.”
World
Moscow: World-Renowned Fashionable City

By Kestér Kenn Klomegâh
Moscow is increasingly becoming popular among foreigners due to multiple reasons among them is its fashionable architecture and friendly people. Moscow’s architecture is world-renowned. In addition, Moscow’s status as the spiritual center of Russian orthodoxy and metropolitan buildings attract tourists from around the world. For much of its architectural history, Moscow is dominated by Orthodox churches.
Situated on the banks of the popular Moskva river, cultural parks and recreational centers offer an additional attraction especially during spring, summer and autumn seasons. The city has a population estimated at over 13 million. And public transport system is excellent for easy and fast connection to any part of the city. Today, the Moscow Metro comprises twelve lines, mostly underground with a total of 203 stations.
Moscow mayor Sergei Sobyanin shares in an interview with local Russian media that Moscow is becoming the world’s best megacity. But for South African Fashion entrepreneur, Stephen Manzini, Moscow’s contrasting features make it more fashionable to explore for fun and entertainment. Read Stephen Manzini’s impressions here:
Would you describe Moscow as a ‘fashionable’ city, if fashion is not limited to clothes and bags?
Moscow can be described as a fashionable city if it wasn’t for the weather. We would see beautiful display of runway pieces on the streets, however we do see this in indoor spaces it’s just overshadowed outdoors by the winter coats and jackets. Walking about Moscow does give you a European fashion appeal.
But Moscow as a fashionable city, do you think it is inaccessible from consumers, from tourists?
Moscow the fashionable city can be accessible to consumers. However when it comes to tourists, it’s a bit inaccessible as it takes on-site education to understand the dynamics. It cannot be understood from a distance due to the neo-propaganda that overshadows it.
Do you mean to conclude that cities such Venice, Miami, New York and London are more fashionable and attract more customers, tourists than Moscow?
Moscow’s tourism industry is barely in existence. To no fault of it’s own. Unfortunately, global online search engines are very unkind in referring to it as an undesirable tourist destination.
How then would you suggest rebranding Moscow?
The rebranding of Moscow would have to be intentional and would not happen overnight. It will have to start at a political level and then cascade it’s way to media and tourism.
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