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Multiple Prospects of Russian-African Partnership

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Russian-African Partnership

By Kestér Kenn Klomegâh

In an increasingly struggle for Russia’s influence in Africa, including political, economic and humanitarian spheres, Foreign Minister Sergey Lavrov started 2026 with a pack of invitations for African foreign ministers, strategically as part of preliminary preparations for the next Russia-Africa summit. Armed with Russia’s policy intentions in Africa (Strategic Action Plan 2023-2026), Lavrov interacted with the same group of foreign ministers in December 2025, in Cairo, the capital of Egypt.

In pursuit of strengthening ‘political dialogue’ which features prominently, Lavrov’s high-ranking guests since the beginning of this year included the Minister of Foreign Affairs of Burkina Faso, Karamoko Traore, with whom several bilateral documents were signed in February. In the same month, Tanzania’s Minister of Foreign Affairs and East African Cooperation, Mahmoud Thabit Kombo, visited with a special focus on expanding cooperation in trade, economic, and investment spheres.

On January 14, the Minister of International Relations and Trade of the Republic of Namibia, Selma Ashipala-Musavyi, went on a working visit to Russia, held comprehensive discussions raising bilateral relations. Ashipala-Musavyi, who serves as Co-Chair of the Intergovernmental Russian-Namibian Commission on Trade and Economic Cooperation, was received by Deputy Prime Minister of the Russian Federation and Plenipotentiary Presidential Envoy to the Far Eastern Federal District Yury Trutnev, who heads the Russian side of the IGC. The conversation focused primarily on the substantive content of the 11th IGC meeting in Windhoek.

Firstly, Russia is one of the world’s largest grain producers. And developing the port infrastructure of the Far East and the Arctic is a potential window for supplies to African countries. Secondly, with the application of state support measures, private investors are creating new large-scale fertiliser production plants. One such enterprise is the Nakhodka Mineral Fertiliser Plant in Primorye Territory, which is scheduled to reach its design capacity in 2027.

“Namibia has rich marine resources and a strategic location. Russia has the fleet, technology and experience. Together, we could maximise catch levels and expand processing. At the same time, Russian companies strive for responsible fishing, paying close attention to marine ecology and the reproduction of key fish stocks,” Zapryagayev said at the business forum that was held in mid-March, as part of the 11th meeting of the Russian-Namibian intergovernmental commission on trade and economic cooperation.

Updated Russia-Kenya’s Experiences

On March 16, Foreign Minister Lavrov held talks with the Prime Cabinet Secretary and Cabinet Secretary for Foreign and Diaspora Affairs of the Republic of Kenya, Mudavadi, who was in Moscow on a working visit on March 15-18. There were detailed discussions on the current state and prospects for Russia–Kenya relations, while both parties outlined practical steps to strengthen political dialogue, and determine pathways for expanding mutually beneficial partnership in trade and the broad economic areas.

An engaged exchange of views resulted in signing a multitude of documents, updated policy interest in Russia’s experience in developing painstaking initiative projects in Kenya. It was described as being in the framework context of Russian foreign policy. In a speech boosting relations, Lavrov, with unrestrained rhetoric, underlined sectors such as energy, including nuclear, telecommunications, geological prospecting, mineral resources mining and high technologies, including space exploration, as promising areas.

Lavrov foresaw Russia’s delay in cooperating with Kenya and suggested speeding up preparations of the agreement on the establishment of a bilateral commission on economic cooperation, an instrument through which to implement economic projects. “We agreed today to expedite the work carried out for rather a long time thus far on preparation of the intergovernmental agreement for the establishment of the Russian-Kenyan commission for economic cooperation,” the minister said.

The visit of Kenya’s foreign minister to Moscow gives a new impetus to the political dialogue between the two parties and makes it possible to outline the path for further deepening of trade and economic relations, agreeing on further conscious efforts in the promising area of bilateral cooperation, at least, as a summary result after Lavrov’s talks with his Kenyan counterpart, Mudavadi.

For now, prospects remain on the table, as Russia shows readiness to offer partnership at a qualitatively new level with Kenya, so also with many African countries. The demand for Russian university education is high in the East African nation. Besides education and training, both Kenyan and Russian officials highly recognise the great potential for increasing trade and economic cooperation, which has not been realised yet. Plans to establish an intergovernmental commission to deal with these matters were announced during Lavrov’s visit to Kenya in 2023. The issue was brought up once again at a meeting between Georgy Karasin, the chairman of the Russian Federation Council’s Committee on Foreign Affairs, and Kathuri Murungi, the Deputy Speaker of Kenya’s Senate.

Notably, the Africa Centre for the Study of Russia (ACSOR), aimed at strengthening scientific, cultural and political ties between Russia and Kenya, opened at the University of Nairobi on February 25, according to local Russian media reports. Western-trained dominates African politics. Russia has under-leveraged its Russian-trained African professionals and specialists, compared to the extent to which the United States and China support theirs in employment structures.

Far ahead of the arrival of the Kenya delegation, Dr. Peter Mutuku Mathuki, Ambassador Extraordinary and Plenipotentiary of the Republic of Kenya in the Russian Federation, told this article author that Russia’s multifaceted cooperation with Kenya has, steadily, taken on a new dimension, emphasizing the two countries look forward to concluding trade agreements under negotiation, which will open up more economic opportunities both at public and private sector levels. Kenya’s priority in the Russian Federation is to implement the objectives of our foreign policy hinged on deepening the Kenya-Russia bilateral relations across the board. However, Kenya’s economic presence in the Russian Federation is currently minimal, as manifested by a limited range of export products to the market in the Russian Federation.

Incredible Lessons from Summits

Nonetheless, before the 2019 summit, trade volume between Russia and Kenya was $397 million in 2018, compared to $625 million in 2023 and $638 million in 2024. Russia still has an opportunity to leverage the untapped potential in the continent to drive sustainable development. Investors can benefit from the diverse government incentives existing across Africa. As Africa is indiscriminately open for business, so in May 2026, Kenya will hold an investment summit for France, to position Africa as a key partner in global innovation and economic development while strengthening bilateral ties with France and advancing Africa’s collective agenda on the international stage.

Today, Russia’s engagement is largely noticeable in politics, while there is little impact on Africa’s economy, except reaping huge revenues from military and weaponry sales to African countries in persistent and endless conflicts, and raising exports of agricultural products such as grains to the continent. In addition, African leaders are excited about the emotional solidarity and harbour nostalgic Soviet-style romanticism. Over the years, African leaders’ negotiations have been one-sided, only considering Russia’s investment in Africa. Thus, until today, Africa’s economic presence is extremely low in the Russian Federation.

Policy experts and academic researchers review the current Russia-Africa relations, portraying it as a threat to Africa’s sovereignty or an opportunity to exploit resources. In the French-Speaking African countries, Russia’s agreements seek uninterrupted access to natural resources in exchange for military cooperation, maintaining security and even providing security guards to African leaders, such as in the Central African Republic (CAR). Since 2017, when Russia operated in CAR, it has hardly undertaken any infrastructure projects or invested in any productive sectors in that country, headed by Faustin-Archange Touadéra.

Russia to Study Africa’s Investment Landscape

Perhaps, and precisely, the Director of the Institute for African Studies of the Russian Academy of Sciences, Professor Irina Abramova, described Russia’s connectivity with Africa explicitly, in her interview with local media African Initiative in February, first pointing to the historical fact that after the collapse of the Soviet era, Russia slammed the door on Africa. She further argued that Russia’s policy is currently full of symbolism, highly-toned rhetoric and little action on implementing agreements signed with several African countries. For now, Africa opens up the broadest economic opportunities for any external player—primarily the Chinese, followed by Indians, and now players from the Arab Gulf region, who picked up this “baton” and are strategically active on the continent.

That, however, simply means Russia has to study the investment landscape. But, constantly referring to reasons such as the lack of money is an ineffective way to deal with Africa, according to Professor Abramova. She suggested to ministry officials to “discard reciting administrative rules and regulations; make way for flexibility. And finally, the most important thing is coordination.”

But in reality, if Russia had built a normal new financial mechanism, it would not have cared. In practical terms, Russia has little foresight. Russia, simply, lacks interconnectedness with Africa and with Africans. That is, elements of psychology and elements of faith are involved. And this is an absolutely new phenomenon that is spreading across the entire world.

For approximately 15 years, Professor Abramova has reiterated that Africa must be approached in a comprehensive and coordinated way. Coordination is the most important thing. First and foremost, it is people, because personnel decide everything. Africans’ attitude towards Russia is, generally, very positive. This is genuinely felt when travelling a great deal around Africa.

Focus on Security over Development

According to researched academic reports, Russia’s weak economic presence in Africa has become research topic in educational institutions, with the Federal Committee on Economic Policy, Association of Economic Cooperation with African States (AECAS) established under the auspices of the Secretariat of the Russia-Africa Partnership Forum (RAPF) and the Coordinating Committee on Economic Cooperation with Africa, pointing to conditions of pressure from sanctions imposed by United States. Finding excuses to cover policy weaknesses. This sole reason has prominently featured in official reports since the start of the Russia-Ukraine crisis in late February 2022. With renewed rising interests in Africa, experts also cited Russia’s weak structures in establishing effective ways of entry into the huge continent full of opportunities.

Russia has only 1% of its direct investment, due to limited financial resources, a lack of investment mechanisms, and severe competition from Chinese and Western investors. Russia focuses on arms and the export of grains to generate revenue for its budget. While Russia has forgotten billions, over 30 years ago, in Soviet-era debts to foster goodwill, this often links to new arms deals, which do not absolutely build diversified, sustainable economic integration in Africa.

Against the backdrop of intensifying relations with Africa, the percentage of collective influence (politics, economy and social, combined) varies: China holds 65%, the US – 53%, the EU – 49%, India – 38% and Russia – 29%. Trade with Africa also varies largely: China has now offered zero-tariff treatment to 52 African countries, and its trade has already reached $348 billion in 2025. India has $58 billion, and the United States has extended its AGOA agreement with Africa. Russia has nothing; at least the trade preferences that were promised over the years have remained meaningless for Africa.

A Few Significant Steps Forward

In this analysis, Russia and Africa have historically come a long way. One significant step forward is to seriously prioritise its policy architecture and turn over a new page in the history of mutually beneficial cooperation, with special attention on the development of corporate business, technology and agro-industrial complex. It has placed concrete emphasis on the importance of the active participation of Russian companies in the implementation of infrastructure projects on the African continent. Building modern distribution centres, developing port complexes and organising joint logistics solutions will be key areas of cooperation.

These ambitious steps will allow us to strengthen Russia’s ultimate position on the market, further outlining practical measures to boost dialogue in economic, trade and other fields, and to establish stable economic relations with African countries. Together, Russia will be able to realise the potential of both regions and ensure the prosperity of Africa and its people.

For multilateralism, and what Foreign Minister Lavrov has frequently mentioned, in the framework of multipolar architecture, Africa has to, without discrimination, interact and hold regular meetings with any external states it seriously considers important for its development. In practical terms, Russia has to demonstrate its preparedness to engage Africa. One fact is clear—Africa, as of today, remains a critical arena for key global powers, balancing the great-power competition and rivalry. African leaders are prepared for this so long as these players truly have adequate funds to invest, not just political rhetoric and a show of symbolism. In a continental context, that is broadly referred to as Africa’s Agenda 2063.

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Bridge Awards Symbolize a Definitive Choice of Life in Russia—Sammy Kotwani

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Sammy Kotwani

By Kestér Kenn Klomegâh

Under the presidential decree, authorising an initiative to tap the best brains and professionals from abroad to integrate into Russian society, the Agency for Strategic Development plans to hold its first Bridge Awards, which honour the contributions of foreign citizens and repatriates who have made a definitive life choice in favour of Russia. The Bridge Awards was founded by entrepreneur Philip Hutchinson and public figure Guy Eames.

Launched in February 2026, the competition for the awards has attracted a lot of potential candidates from more than 40 countries competing for victory across 12 categories. The highest number of applications came from the United States, totalling 18. There are also a number of candidates from Europe, Asia, and Africa. The “Business” category proved to be the most geographically diverse, drawing applicants from 12 countries.

The Bridge Awards recognise the valuable contributions of foreign citizens and repatriates to the Russian society. It is also dedicated to raising awareness, recognising achievements, and building strong connections with the international community.

According to the official reports made available, among the winning applicants and world-renowned celebrities for the Business Category were Sammy Manoj Kotwani, President, Indian Business Alliance; President, SITA/Indian National Cultural Centre; President, Overseas Friends of BJP Russia; and Founder, Imperial Tailoring Company.

In this conversation, Sammy Kotwani talks about how he has lived and worked in Russia for more than three decades, his entrepreneurial achievements, and his contributions to Russian society. Here are the interview excerpts:

What really motivates you to participate in the first competition for Bridge Awards?

For me, the Bridge Awards are not only a competition. They are a recognition of a life journey. I have lived and worked in Russia for more than three decades. Russia gave me the opportunity to build my business, serve the Indian community, promote Indian culture, and create real business connections between India and Russia.

My motivation is very simple: I want to show that a foreign citizen can love Russia, respect its people, contribute to its economy, and at the same time remain deeply connected to his own roots and motherland.

Through the Indian Business Alliance, through cultural activities, through India–Russia business forums, through meetings with governors and regional leaders, my work has always been to build bridges — not only between governments, but between people, entrepreneurs, regions, cultures, and families.

So, when I heard about the Bridge Awards, I felt that this platform represents exactly what I have tried to do for many years: turn friendship into action, and respect into real cooperation.

You were selected by the Jury for the business category. What are the implications of this category?

Being selected in the business category is a very meaningful honour because business is where friendship becomes practical.

India and Russia already have strong political trust, historic goodwill, and a strategic partnership. But the real question today is: how do we convert this goodwill into trade, investment, joint ventures, logistics solutions, industrial cooperation, and regional development?

That is why the business category is important. It recognises those who are not only speaking about cooperation, but actually working on the ground to make it happen.

For me personally, it reflects the work of the Indian Business Alliance in connecting Indian entrepreneurs with Russian regions, supporting business missions, encouraging investment, discussing opportunities with governors, and identifying practical sectors such as textiles, pharmaceuticals, logistics, food processing, energy, technology, education, tourism, and skilled manpower.

This category is not only about personal achievement. It is about responsibility. It means we must continue to create platforms where Indian and Russian businesses can meet, trust each other, and build long-term partnerships.

Do you think the “Time to Live in Russia” programme has good future prospects for foreign citizens who choose to relocate and live in Russia?

Yes, I believe the “Time to Live in Russia” programme has strong future potential, provided it remains practical, transparent, and welcoming.

Many foreign professionals, entrepreneurs, investors, teachers, doctors, engineers, cultural workers, and skilled specialists are looking for countries where they can build a meaningful life. Russia has space, resources, education, culture, business opportunities, and strong regional potential.

But relocation is not only about visas or documents. A person who comes to Russia needs guidance, integration, language support, business orientation, community support, and confidence that he or she can build a stable future.

This is where such a programme can become very powerful. If it helps talented foreigners understand Russia better, settle smoothly, respect Russian society, and contribute to the economy, then it can become a serious instrument of international cooperation.

From the Indian perspective, I see strong potential. Many Indians are skilled in technology, medicine, education, trade, textiles, pharmaceuticals, engineering, hospitality, and entrepreneurship. If the right mechanism is created, India and Russia can benefit greatly from this human bridge.

How would you characterise the International Bridge Awards by the Agency for Strategic Initiatives and decreed by President Vladimir Putin?

I would characterise the Bridge Award as a timely and visionary initiative. In today’s world, countries need more than formal diplomacy. They need people who understand both sides, who can translate culture into trust, and trust into practical cooperation.

The Bridge Award gives recognition to such people — foreign citizens and repatriates who have chosen Russia not only as a place to live, but as a place to contribute.

For me, this award carries a very important message: Russia values those who sincerely work for its development, its international friendships, and its multicultural society.

The involvement of the Agency for Strategic Initiatives gives the award a serious institutional direction. It shows that this is not just a symbolic gesture, but part of a larger vision — to make Russia a place where international talent, entrepreneurs, cultural leaders, and public figures can participate in national development.

I believe this award can become a powerful platform for public diplomacy. It can show the world that Russia is open to sincere partners, serious professionals, and people who are ready to build, not just observe.

For me, as an Indian who has lived in Russia for many years, the word “bridge” is very personal. A bridge connects two banks. It allows people to cross, meet, understand, and build together. That is exactly what India and Russia need today—more bridges, more trust, more implementation, and more human connection.

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Russia-Africa Dialogue: Untapped Prospects for Economic Cooperation

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Russia-Africa Dialogue SPIEF-2026

By Kestér Kenn Klomegâh

At the St Petersburg International Economic Forum 2026, the traditional “Russia-Africa Business Dialogue”, which was initiated in 2016, will deliberate aspects of forging economic cooperation between Russia and African countries. For a decade since its creation, this platform has practically discussed most pertinent roadblocks, highlighted the economic sectors, and outlined the prospects. The significant issues have also been treated at the first and second Russia-Africa summits.

As Moscow prepares to hold the next Russia-Africa summit in October, it is quite clear that Russia has still not worked out financial mechanisms to support its investments across Africa. Generally, the federal strategy for this area has been mapped out, Russian investors understand where to invest in Africa, but lacks extremely the financial motivation and approach to integrate young people into the business environment. Other constraining factors include a lack of financial support instruments the suitable environment for experience sharing and collaboration. At the same time, there are reports that point to a broad range of factors that hinder the development of youth entrepreneurship.

Historically, Russia–Africa relations have evolved through distinct phases after phases. The latest phase began from the first Russia-Africa summit through the second, and is currently moving to the third summit in October. As part of the strategic preparations, Tanzanian President Samia Suluhu Hassan was the guest of Vladimir Putin in the Kremlin. Russia and Tanzania have had good relations, but it has been more than a century since the last state visit of a Tanzanian leader to Russia. From the historical records, Mwalimu Nyerere visited in 1969. As a result, Samia Hassan’s official working visit had a special historic significance for the bilateral relations. “We see this as a very positive sign,” noted Putin. Further to that, Samia Hassan was decorated with an honorary doctorate degree (Doctor Honoris Causa) at the Russian Peoples Friendship University, expressed gratitude for the political solidarity, and underlined Russia for the great contribution which it provided during the African political liberation in the 60s.

Tanzania’s Distinctive Profile

Sergei Kiriyenko, the Deputy Chief of Staff of the Presidential Administration who oversees the department, visited Tanzania after the November 2025 elections. In addition, Putin’s aide Yuri Ushakov called Tanzania “one of the key partners on the African continent,” recalling that it is home to approximately 70 million people. Samia’s visit to Russia is a victory for Russian diplomacy in Africa, as Tanzania is one of those allies that strengthen Moscow, says Andrey Maslov, Director of the HSE Centre for African Studies. According to the expert, cooperation is based on mutual benefit, and Tanzania does not require assistance. The country is among the continent’s economic leaders, distinguished by high growth rates, a stable political system, and a friendly attitude towards Russia. Russia’s interest in Tanzania is largely due to its geographic location and access to the Indian Ocean. The port of Dar es Salaam is considered a key transport hub in East Africa, serving transit routes to the East African Community (EAC) countries, along with the Kenyan port of Mombasa. Given Tanzania’s population, the EAC’s combined market represents over 300 million people, and the potential for expanding trade lies primarily in agricultural products, fertilisers, and basic industrial goods.

Africa’s participation at the St Petersburg 29th forum is very unique, with the majority from East and Southern Africa. The Director General of the Tanzania Investment and Special Economic Zones Authority (TISEZA), Gilead J. Teri, noted that the Tanzanian delegation has a unique opportunity to advance its agenda and strengthen bilateral relations. The forum gave a powerful boost to trade and economic cooperation. Tanzania presented its investment potential to the Russian business community. Therefore, it could be said that bilateral relations between Russia and Tanzania are flourishing and developing dynamically today.

Eastern and Southern Africa’s Dimensions

While it envisages strengthening ties in a broad range of fields, targeting the Eastern and Southern regions by utilising Tanzania as the gateway, Russia shows that the key partners in that part of Africa. Russia’s attributes for raising investment relations are clear: stability, untapped resources and human capital.

Putin’s meeting with Tanzania’s Samia Hassan, aiming at lifting up bilateral cooperation, which symbolises a new qualitative stage or a new chapter in the relations between Russia, Tanzania and the entire SADC. “Africa is an important partner for Russia, a participant in the emerging and sustainable polycentric architecture of the world order. Our relations with the states of that continent are valuable in their own right and should not be subject to the fluctuations on the international arena,” Foreign Minister Sergey Lavrov also said long time ago at the Russia-Africa civil/public gathering held in 2018, in attendance was Stergomena Lawrence Tax, who headed the Southern African Development Community (SADC).

“We are aware that our African friends hold the same views. Relying on the accumulated experience of productive cooperation, Russian diplomats seek to pursue a consistent policy for deepening the range of Russia-Africa relations,” he added. Lavrov said it is necessary to maximise the potential of public, cultural and business diplomacy in the interests of strengthening and expanding the mutually beneficial ties between Russia and African states while invariably adhering to the principle of African solutions to African problems, formulated by the Africans themselves.

Stergomena Lawrence, however, observed that Russia has not been that visible in the region as compared to China, India or Brazil. But it is encouraging that Russia has made the decision to reposition itself as a major partner with Southern Africa. She expressed gratitude that Russia has launched a plan aimed at improving direct trade with the continent/region beyond the traditional sectors like mining, seeking to invest in areas like agriculture, industrial production, high technology and transport.

The Russian Federation’s priorities are also in line with SADC priorities, as evidenced by the priorities of the Foreign Economic Strategy in the region, as indicated below:

Prospecting, mining, oil, construction and mining, purchasing gas, oil, uranium, and bauxite assets (Angola, Namibia and South Africa);

Construction of power facilities—hydroelectric power plants on the River Congo (Angola, Namibia and Zambia) and nuclear power plants (South Africa);

Creating a floating nuclear power plant, and South African participation in the international project to build a nuclear enrichment centre in Russia;

Railway Construction (Angola);

Creation of Russian trade houses for the promotion and maintenance of Russian engineering products (South Africa).

Participation of Russian companies in the privatisation of industrial assets, including those created with technical assistance from the former Soviet Union (Angola).

In the Russian Federation, 10 SADC member countries have their diplomatic offices, namely: Angola, Democratic Republic of Congo, Madagascar, Mauritius, Mozambique, Namibia, South Africa, Tanzania, Zambia and Zimbabwe.

Final Words of Wisdom

In pursuit of following Putin’s policy to strengthen ties with the Global South, including Africa, Russia has to re-strategise and take up the existing critical challenges. Despite a noticeable increase in activity, Russia’s strategy on the continent faces several persistent structural limitations that require thoughtful responses. As geopolitical changes heat up, Russia has to understand the necessity to move ahead, back away from tectonic rhetoric and symbolism of diplomacy. By 2025–2026, the African continent had firmly established itself as a key area of ​​global competition and, simultaneously, one of the most important reserves of economic growth. For Russia, this is important to change the very logic of its African ties. It is logical to walk the talk. In other words, Russia’s relations with African countries have to shift from historical rhetoric to a more practical architecture of interests.

On December 19–20, 2025, the second ministerial conference of the Russia-Africa Partnership Forum was held in Cairo, with the Roscongress Foundation acting as the operator on the Russian side. The conference was attended by the heads of the African foreign ministries and the leaders of the continent’s integration associations. That conference has been defined as a key stage in the preparations for the third Russia-Africa summit, scheduled for October 2026. As noted by Russian Foreign Ministry spokesperson Maria Zakharova, the meeting is intended to “give additional impetus to the development of the Russian-African partnership and the strengthening of its truly strategic nature.”

For Moscow, institutionalising the format is crucial given the overall transformation of global politics. And ultimately, Africa is becoming a space where external players’ ability to not only declare respect for sovereignty but also propose practical mechanisms for cooperation is being tested. Russia’s strategy is built on combining political rhetoric about multipolarity with concrete areas of cooperation—from trade to energy, and food security to personnel training and military-technical cooperation. Economic spheres and building infrastructures are important for Africa, which is ready for foreign investors with adequate funds and not just geopolitical rhetoric. It has to be noted that Africa is a space of competition between external players.

The continent is an arena of intense competition, with China, the European Union, the United States, Turkey, India, and the Gulf states all operating simultaneously, each offering its models of interaction: from large-scale infrastructure financing to military cooperation and religious and cultural influence. African states are becoming increasingly pragmatic and multi-vector—they are consistently expanding their foreign policy space, weighing the conditions, benefits, and political costs.

In such an environment, the sustainability of Russia’s presence is determined by its ability to offer a concrete and replicable set of advantages. Anti-colonial rhetoric and appeals to historical legacy remain important, but they no longer provide a long-term advantage on their own. Each competitive proposition must be backed by institutional support.

At the St. Petersburg forum, there was a genuine international community of like-minded partners practically united by a common goal: networking and developing business cooperation. “The continued participation confirms the demand for building relationships of business trust and confidence with foreign partners from different regions, including the United States, Europe, the Middle East, Latin America, Asia and Africa,” said Alexander Stuglev, Chairman of the Board and CEO of the Roscongress Foundation. The Roscongress Foundation held the 29th St Petersburg International Economic Forum (SPIEF) from 3 to 6 June 2026.

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CANAL+ Eyes MultiChoice Turnaround as Stocks Debut on JSE

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CANAL+ JSE

By Adedapo Adesanya

CANAL+ has expressed confidence in its ability to turn around the fortunes of struggling broadcaster MultiChoice as it marks a milestone by becoming the first French company listed on the Johannesburg Stock Exchange (JSE).

The secondary listing of CANAL+ signals strong international confidence in South Africa’s capital markets and reinforces the JSE’s role as a conduit between global capital and African growth opportunities, it said in a statement.

CANAL+ enhances the JSE’s sectoral diversity and provides local investors with direct, rand-denominated exposure to a globally diversified media and entertainment business with a significant African footprint. CANAL+ listed on the London Stock Exchange in December 2024.

The group’s listing on the JSE aligns with its long-term strategy to expand its presence in high-growth markets, particularly in sub-Saharan Africa, where rising connectivity, a young and growing population (expected to increase by 800 million by 2050), strong GDP growth (4.5 per cent growth expected between 2026 and 2030) and accelerating demand for content and connectivity continue to drive sector growth.

The JSE listing will increase CANAL+ liquidity and enable African investors to benefit from CANAL+ growth.

According to Mr Maxime Saada, CEO of CANAL+ said, “Joining the Johannesburg Stock Exchange is a statement of our ambition and illustrates our belief in Africa’s future and its creative industry.

“We are proud to become the first French company ever to list in Johannesburg and the only global media and entertainment company listed on the exchange.

“Following our listing on the London Stock Exchange 18 months ago, this dual listing reinforces our ambition to be a bridge between Europe and Africa and anchors our dual-continental approach, consolidating our unique position in the global media and entertainment industry,” he said.

He noted that CANAL+ serves more than 40 million subscribers and generates €9bn in annual revenue.

“Africa will be our growth engine for years to come, and we are dedicated to creating value on the continent and sharing it with our African partners, investors and the creative community. By welcoming African investors, we deepen our roots, diversify our investor base and lay the foundation for the next phase of our growth.”

Commenting on the listing, Ms Valdene Reddy, Group CEO of the JSE, said, “We are proud to welcome CANAL+ to the JSE and to mark the first listing of a French company on our exchange.

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