World
Ozerov Sees Huge Economic Benefits in Russia-Africa Relations
By Kester Kenn Klomegah
Russia is consistently working on strengthening multifaceted relations with Africa despite the numerous challenges.
After the first Russia-Africa summit held in Sochi, authorities have been moving to build on this new page in the history of Russia’s relations, based on shared values and interests, with African countries.
Within the framework of the joint declaration adopted in Sochi, the Ministry of Foreign Affairs of the Russian Federation created a Secretariat of the Russia-Africa Partnership Forum.
On May 18, the Deputy Director of the Department of Africa at the Russian Foreign Ministry, Mr Oleg Borisovich Ozerov, was appointed Ambassador-at-Large and Head of the Secretariat of the Russia-Africa Partnership Forum.
He is a diplomat with extensive experience at the Foreign Ministry, including with Arab and African countries. In 2010-2017, he was Ambassador to Saudi Arabia and in 2011-2017, Permanent Representative of the Russian Federation to the Organisation of Islamic Cooperation.
In this interview with Kester Kenn Klomegah, Mr Ozerov, Ambassador-at-Large and Head of the Secretariat of the Russia-Africa Partnership Forum, talks about the primary tasks of the Secretariat, current efforts at supporting Russian companies to work in Africa and the way forward with Russia-African relations.
Here are the interview excerpts:
Why it has become important, in the first place, to create the Secretariat of the Russia-Africa Partnership Forum within the Ministry of Foreign Affairs of the Russian Federation?
In October 2019, Sochi hosted the first-ever Russia-Africa Summit, ushering in a new era in the history of Russian-African cooperation. The outcomes of this event are evident in its final declaration. The first few points in the document outline decisions made by the event’s participants concerning the establishment of a Russia-Africa Partnership Forum as the Summit’s supreme body. It also stipulates that annual political consultations will be held between the Foreign Ministers of the Russian Federation and the African States acting as the present, former and future presidents of the African Union.
There needs to be coordinated action between Russian government bodies and economic actors. This is to ensure that the decisions reached at the previous Summit can be implemented, preparations for the next high-level Russian-African meeting made, and diplomatic support provided for communicating with the African Union and government bodies in Africa which oversee foreign policy.
This need for coordinated action has led to the establishment of the Russia-Africa Partnership Forum Secretariat within the Ministry of Foreign Affairs of the Russian Federation. Incidentally, one of its key objectives will be to organise and conduct the aforementioned political consultations. The first round of these consultations was held in July of this year.
The Secretariat has already held a few meetings. Could you please talk about some of the decisions that have been taken with regards to strengthening cooperation with Africa?
I would like to make a small correction. On September 9 this year, Moscow hosted the official presentation of the Russia-Africa Partnership Forum Secretariat and the Association of Economic Cooperation with the African States.
The senior management of the Secretariat’s working bodies were presented at this event. These included the heads of the coordinating council, research council, public council, and the working media group. These people are, respectively, Chairman of the Board and CEO of the Roscongress Foundation Alexander Stuglev, Director of the Institute for African Studies of the Russian Academy of Sciences Irina Abramova, Head of Rossotrudnichestvo Yevgeny Primakov, and Director General of TASS Sergey Mikhailov.
The first meeting of the coordinating council is planned for October this year. The research and public councils should meet accordingly shortly afterwards. Draft resolutions concerning the work of the Secretariat will be discussed at the aforementioned meetings, and the media will be informed of the outcomes in due course.
Is it possible to discuss the roles of the three councils (business, research and public) that were created during the meeting of 9 September?
The decision to set up the councils was taken much earlier, as the concept for the Russia-Africa Partnership Forum Secretariat was being drawn up, which was established, as we know, in June this year. The Secretariat does not have a business council. Issues regarding coordination between federal government bodies and the business sector come under the remit of the coordinating council.
The Association of Economic Cooperation with the African States also performs the role of a business council and operates in close collaboration with the Secretariat.
All three councils are staffed by highly qualified professionals. They include people specializing in international relations, economics and finance, science, business, society and the media, who provide expert support for the Secretariat’s operations.
In your objective view, is there a lot of potential in terms of increasing trade and economic cooperation between the African continent and Russia?
Speaking to the press at the end of the inaugural Russia-Africa Summit, President of the Russian Federation Vladimir Putin noted that in 2018, Russia’s trade with African states exceeded $20 billion. As pointed out by the Head of State, “It is absolutely feasible to reach higher, and bring the value of trade to, at least, $40 billion over the next few years.”
The official figures to come out of the Sochi Summit pay testament to the enormous potential of economic relations between Russia and Africa. Of particular note is the fact that delegations from 54 African nations took part in the event. Of these, 45 were led by Heads of State and Government. The Summit was also attended by the heads of eight regional organizations in Africa, 109 foreign ministers, and two vice presidents.
The Russia-Africa Economic Forum, which took place alongside the Summit, was attended by more than 6,000 participants from 104 countries and territories. These included more than 1,100 foreign business leaders, 1,400 Russian business leaders, and 2,200 members of official delegations from Russia and abroad. Ninety-two agreements, contracts, and memoranda of understanding were signed worth a total of more than RUB 1 trillion.
I would say that when organising and holding the next high-level Russian-African meeting, one of the main objectives will be to further reinforce the powerful momentum built up in Sochi in 2019 in terms of economic collaboration between Russia and African countries. We are now enjoying comprehensive and enduring collaboration which is founded on long-term programmes.
Doing business is not easy in Africa, but what kind of approach do you envisage adopting when it comes to dealing with such issues?
We see our mission as uniting economic operators from Russia and Africa and facilitating the sharing of information between them. We also aim to ensure there is political and diplomatic support for Russian businesses in African countries. The Secretariat will work in close collaboration with the aforementioned Association of Economic Cooperation with the African States.
We enjoy robust ties and have established communications with relevant Russian ministries and government bodies responsible for foreign trade, the Chamber of Commerce and Industry of the Russian Federation, the Russian Union of Industrialists and Entrepreneurs, the Coordinating Committee on Economic Cooperation with Sub-Saharan Africa (AfroCom) and many other organisations.
The task before us is to coordinate the actions of all stakeholders with the aim of effectively promoting Russia’s economic interests in Africa and to foster mutually beneficial cooperation with African nations.
Apart from a corporate business at the state level, Foreign Minister Sergey Lavrov has spoken about developing medium-sized enterprises. Is this part of your plan?
Small and medium-sized enterprises have already been using the AfroCom platform to work together with African countries for a long time. Incidentally, this organisation is planning to soon join the Association of Economic Cooperation with the African States.
Our embassies’ consular departments and trade missions – where they exist – are also providing assistance to small and medium-sized Russian businesses. They are helping them to find partners in African countries and to establish business ties.
In accordance with the decisions made at the inaugural Russia-Africa Summit, we will also help build partnerships for small and medium-sized businesses, and help them to be more active and effective. The plans and strategies, which will be employed to achieve this, will be discussed at the first meeting of the coordinating council this October, as well as at other events.
Looking at current developments and other active foreign players on the African continent, what do you see as the key challenges there?
In terms of intensifying economic collaboration between Russia and African countries, we need to anticipate the technical aspects of having Russian businesspeople, firms, and companies do business on the African continent.
In particular, this means looking at transport accessibility (by air and sea), processes and forms related to mutual settlements, making payments, investment, providing loans, hedging risk, providing legal services and insurance, etc. Work on these aspects must be done immediately, in parallel with work on organising the next Summit.
That said, however, the current coronavirus pandemic is causing considerable difficulties, at the moment. It is affecting international travel and is hindering economic activity across the board, including in African countries.
In terms of competing with other countries on the continent, we are counting on building relations between Russian firms and companies in such a way as to create a sense of camaraderie and solidarity when it comes to withstanding foreign competitors on the African market. This will be another area of focus for the Association of Economic Cooperation with the African States as it works in close collaboration with the Secretariat.
Why do you think Russia’s soft power is not what it was during the days of the Soviet Union?
I cannot say I fully agree with that statement. There are numerous examples of how Russia has achieved notable success through soft power. I would like to particularly draw attention to the fantastic work being done by the Russian news channel, Russia Today, under Margarita Simonyan’s leadership.
And I cannot ignore the fact that in many African countries, a number of important roles within the African Union and a host of other regional organizations are staffed by graduates of Soviet and Russian universities. This says a great deal about the nature of Russian-African partnership. And there is still a high degree of interest among African people in studying in the Russian Federation.
I am also aware that Rossotrudnichestvo (the Federal Agency for the Commonwealth of Independent States, Compatriots Living Abroad and International Humanitarian Cooperation) is working hard to make Russia’s humanitarian presence both more effective and more keenly felt abroad, including in African countries.
What plans do you have in terms of developing cooperation in education, the media and culture over the next few years?
The final declaration of the inaugural Russia-Africa Summit includes an entire section on our collaboration in science, culture, education and social ties.
Rossotrudnichestvo is the main body in Russia responsible for humanitarian cooperation, including with African states. At the next meeting of the public council, we intend to discuss this agenda in detail with Yevgeny Primakov, who heads the organisation. This discussion will take place within the context of implementing the decisions of the Sochi Summit and working towards fulfilling associated objectives.
World
African Union’s Summit Leaves Little Hope to Advance Agricultural Transformation in Africa
By Kestér Kenn Klomegâh
Perhaps it was the most crucial summit held on January 9th to 11th in 2025 with a focus to raise agricultural productivity, increase public investment in agriculture, and stimulate economic growth through agriculture-led development, and ultimately seeks pathways to support African countries eliminate continent-wide hunger and reduce growing poverty.
During these past several years, African governments have taken delight in increasing imports of basic agricultural produce which could be cultivated locally.
Import substitution policy is seemingly not part of any discussions during their ministerial meetings, instead devoted time on how to approve huge budgets for agricultural products from foreign sources.
It has also taken the African Union (AU) years to initiate an agricultural programme directed at ensuring food security and cutting poverty in the continent. This cutting-edge initiative forms an integral part of the broad AU Agenda 2063.
Considered as the most ambitious and comprehensive agricultural reform effort ever undertaken in Africa, it was first launched in 2003 following the Maputo Declaration and reaffirmed in 2014 in Equatorial Guinea with the Malabo Declaration.
It has emerged as the cornerstone framework for driving agricultural transformation across Africa and represents a fundamental shift toward development that is supposed to be fully owned and directed by various African governments.
That, however, the early January Kampala summit, attended by Ministers of Agriculture from the AU’s 55-member states, thoroughly deliberated on implementing aspects of the 10-year programme, primarily to be pursued, in different stages, by stimulating investment, fostering partnerships, and empowering vulnerable smallholder farmers. Notably, the programme is set to run from 2026- 2035.
Without a single doubt, the drafting the programme which underwent a rigorous review process, took a full decade to complete; from 2014, in Equatorial Guinea with the Malabo Declaration to Kampala, Uganda, in 2025. And that what is appropriately referred to as an effective continental organization – the African Union.
The drafting of the strategy was undertaken by a broad spectrum of stakeholders including the Regional Economic Communities, African experts and researchers, farmers’ cooperatives and organizations, development partners, parliamentarians, private sector groups, women in agriculture and youth groups.
According to the official release indicated that Africa’s food security remains a pressing challenge, exacerbated by climate change, conflicts, rapid population growth, and economic disruptions.
Currently, over 280 million Africans suffer from chronic hunger while food systems struggle to meet rising demands.
Therefore, the 10-year programme is planned to address these issues by promoting climate-resilient agriculture, improving infrastructure, reducing food waste, and enhancing regional trade in agricultural goods. This is in a bid to equip Africa to feed itself sustainably.
At the Kampala ministerial meeting, Prime Minister of the Republic of Uganda, Robinah Nabbanja, while recalling important statistics that point to the richness of African soils, abundance of arable land and fresh water, and a 60% population engaged in agriculture, expressed the highest shame that the continent’s food imports cost up to $100 billion.
“This summit should come up with concrete proposals on how Africa can come out of such an undesirable situation. For us to guarantee our future as Africans, we must feed ourselves,” she told the gathering in a tectonic language.
The Commissioner for Agriculture, Rural Development, Blue Economy and Sustainable Environment at the African Union Commission, Ambassador Josefa Sacko, commented on the importance of the strategy, saying it “aims to boost food production, expand value addition, boost intra-Africa trade, create millions of jobs for the youth and women, build inclusive agrifood value chains, and build resilient and sustainable agrifood systems that will withstand shocks and stressors now and in the future.
Furthermore, we are dedicated to strengthening governance through evidence-based decision-making and enhancing accountability among all stakeholders. Inclusivity is a fundamental aspect of our approach; we will ensure that women, youth, and marginalized groups have access to resources, thereby facilitating their equitable participation in the agrifood sector.”
Dr Girma Amente, Minister of Agriculture of the Federal Democratic Republic of Ethiopia, whose Prime Minister Dr Abiy Ahmed, is the Champion of the Comprehensive Africa Agriculture Development Programme (CAADP) Strategy and Action Plan 2026- 2035, highlighted how Ethiopia has cascaded CAADP into the national agricultural investment plan (NAIP).
“The plan emphasizes the importance of increasing public investment in agriculture, which is crucial for achieving the CAADP target. Ethiopia has significantly increased its agricultural budget allocation and has demonstrated its commitment by meeting the 6 per cent annual growth target of CAADP.
The implementation of the National Agricultural Investment Plan (NAIP) has contributed to consistent improvements in annual agricultural production, elevating both crop yields and overall food and livestock production, and also performed better in addressing the resilience targets of the CAADP,” explained Girma Amente.
In his turn, Uganda’s Minister of Agriculture, Animal Industry and Fisheries, Frank Tumwebaze, who led the drafting of the CAADP Strategy and Action Plan in his capacity as the Chair of the Specialised Technical Committee of the AU on Agriculture, Rural Development, Water and Environment, stressed the need to move into implementation of the strategy, as soon as the summit ends.
“The planning phase of the Kampala CAADP Agenda ends during this Summit. We must, therefore, move into implementation and execution mode. It is by focusing on execution that we can make a meaningful impact to the continent and its people. We must move, not with the times, but ahead of times.
“This calls for advances in technological research and practices, building agricultural systems that are resilient to climate change and other shocks, agro-industrialization, and the like,” according to Frank Tumwebaze.
The three-day Extraordinary Summit in Kampala was organized to adopt the 10-Year CAADP Strategy and Action Plan to advance agricultural transformation and food systems in Africa. But that was dominated by high-level speeches, with little hope of concretely addressing key questions relating to ensuring food security in the continent.
The majority of African countries hold steadfastly to maintain the status quo, ready to allocate large part of their annual budgets to increase imports. There was little hope for any significant results and remarkable change in driving agricultural transformation across Africa after second day of the summit, dedicated to deliberations by Ministers of Foreign Affairs, and the 11th January meeting by Heads of State and Government.
World
Justin Trudeau Resigns as Canadian Prime Minister
By Adedapo Adesanya
The Prime Minister of Canada, Mr Justin Trudeau, has resigned as the country’s ruling Liberal Party leader amid growing discontent in the North American country.
Mr Trudeau’s exit comes amid intensified political headwinds after his finance minister and closest political ally abruptly quit last month.
Mr Trudeau, who said he would remain in office until a new party leader is chosen, has faced growing calls from within his party to step down.
Polls show the Liberals are set to lose this year’s election to the Conservative opposition.
“As you all know, I’m a fighter,” Mr Trudeau said on Monday, but “it has become obvious to me with the internal battles that I cannot be the one to carry the Liberal standard into the next election,” he stated.
His exit comes as Canada faces tariff threats from US President-elect, Mr Donald Trump.
The Republican and his allies have repeatedly taunted Mr Trudeau in recent weeks, with Mr Trump mocking Canada as the “51st state” of the US.
Mr Trudeau also lamented that the Conservative leader, Mr Pierre Poilievre, is not the right vision for Canadians.
“Stopping the fight against climate change doesn’t make sense,” he tells reporters, adding that “attacking journalists” is “not what Canadians need in this moment”.
“We need an ambitious, optimistic view of the future, and Pierre Poilievre is not offering that.”
Mr Trudeau also said he was looking forward to the fight as progressives “stand up” for a vision for a better country “despite the tremendous pressures around the world to think smaller”.
He also clarified that he won’t be calling an election, saying the Canadian parliament has been “seized by obstruction, filibustering and a total lack of productivity” for the past several months.
“It’s time for a reset,” he said, adding that, “It’s time for the temperature to come down, for the people to have a fresh start in parliament, to be able to navigate through these complex times.”
World
African Startups Raise $2.2bn in 2024
By Adedapo Adesanya
Start-ups in Africa raised $2.2 billion in 2024 in funding across equity, debt and grants, lower than the $2.9 billion raised in 2023 by 25 per cent amid a continued slowdown after a peak of $4.6 billion recorded in 2022.
The Big Deal noted that this excludes exits – which is when investors realise a return on their investments, most likely when the startup has become profitable or when there is a change of ownership.
The funding slowdown has occurred for consecutive years due to a wider global funding freeze impacted by macroeconomic developments and geopolitical events as well as a change in market offering trend leading to funding going elsewhere.
There have also been concerns about inflated valuations, business sustainability, and increased due diligence and scrutiny from investors.
For the review year, there wasn’t much funding activity as $800 million (36 per cent) of the total funding was computed in the first six months, while the remaining $1.4 billion came in the second half of 2024.
The $1.4 billion raised in H2 alone (+25 per cent YoY and +80 per cent compared to H1), made it the second-best semester since the beginning of the ‘funding winter’ in mid-2022.
This development was considerably driven by two deals in the fourth quarter of last year, which minted two fresh unicorns in the African startup space, in the form of Nigeria’s Moniepoint and South Africa’s Tyme Group.
This was the first such event since early 2023, as the companies joined the exclusive club that has MNT-Halan, Interswitch, Flutterwave, Chipper, OPay, Andela, and Wave as members.
Some of the raises reported include Yellow Card raising $33 million in October to fund its growth and expansion, JuicyWay raising $3 million pre-seed to facilitate affordable cross-border payments, as well as Seedstars Africa Ventures raising $42 million in its first-ever round to help pioneering African startups in climate, food systems, energy, and payments infrastructure sectors.
The data showed that a total of 188 ventures raised $1 million or more in 2024 (excluding exits), which is just 10 per cent less than in 2023 (169 ventures).
On the exit front, there were 22 exits made public last year (up 10 per cent) versus 20 in 2023.
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