World
Reassessing Russia’s Engagement with Zimbabwe
By Kestér Kenn Klomegâh
As often reiterated, Russia and Zimbabwe have had excellent bilateral relations, dating from the time of Zimbabwe’s struggle for political independence. The Soviet Union supported with military equipment, and training specialists and offered humanitarian supplies, and until today Zimbabwe is still looking for such bilateral relations. A comprehensive analysis indicates that not much is visible on the landscape of Zimbabwe, except frequent shuttling visits of government officials between Harare and Moscow.
The list of those official visits can be found on government websites. Of course, not all have been documented there such as those dealing with military-technical cooperation and intelligence services. But it can also be recalled here in 2022, Speaker of the National Assembly of the Republic of Zimbabwe Jacob Mudenda and his delegation paid a reciprocal working visit late September to Moscow, held separate meetings with Russian Upper House Speaker Valentina Matviyenko and Chairman of the State Duma Vyacheslav Volodin, and finally addressed the plenary session of the State Duma.
Upper Chamber Senator Matviyenko and Lower Chamber Legislator Volodin, both have similar unique declaratory statements emphasizing the fact that Russia considers cooperation with African countries to be a foreign policy priority. And that Zimbabwe is Russia’s priority in the southern African region.
Upper House Speaker Valentina Matviyenko visited and donated, as Zimbabweans expected from Moscow, huge gifts in June 2022. During her conversation with the head of the charitable foundation and First Lady of the Republic of Zimbabwe Auxilia Mnangagwa Matviyenko noted mutual understanding that has developed in Russian-Zimbabwean relations. She, in addition, drew attention to the fact that the Angels of Hope charity fund coordinates the selection of candidates from low-income families for higher education in Russia under the quota of the Government of the Russian Federation.
“We highly appreciate it that the Zimbabwean leadership remains committed to the development of bilateral relations and mutually beneficial cooperation with Russia. And that Zimbabwe is resolutely resisting the unprecedented pressure of the collective West led by the United States, their open attempts to dictate their will,” Matviyenko said.
Besides the above charity, the Russia-Zimbabwe Intergovernmental Commission on Economic, Scientific and Technical Cooperation has held a series of meetings in Harare and Moscow. Several agreements have been signed over the years to engage seriously in economic sectors, including, infrastructure development, transport, agriculture, industry nuclear technology et cetera. An increasing interest points to the Russian business community in building a beneficial partnership with Zimbabwe. For these to materialize, frequent interactions have been made possible, based on decades of strong ties of friendship and cooperation since the days of Zimbabwean Robert Mugabe.
One major landmark was Zimbabwe and Ethiopia, among African countries, have signed agreements with Russia to cooperate on the peaceful use of nuclear technology on the sidelines of the Russia-Africa Economic and Humanitarian Forum in St Petersburg, in July 2023. Rosatom has offices in Cairo and Pretoria with the responsibility of managing the nuclear projects in Africa.
For decades, Rosatom has signed (and resigned) agreements with African countries for the construction of nuclear plants for civilian purposes. Today, African countries face major challenges in ensuring energy security. Experts believe that nuclear technologies can become a driver for socio-economic development and a comprehensive solution to systemic continent-wide problems. In addition, nuclear, of course, offers long-term sustainability and diversity away from solar and hydro.
These unique steps seemingly suggest a pragmatic approach prioritizing Africa’s energy security, on one hand. It is interesting to note, on the other hand, that Russia’s nuclear agreements with 28 African countries have been fully undertaken and completed primarily due to a lack of finance. The key hindrance is the cost of producing nuclear energy how best to deal with nuclear waste to maintain a safe environment, and the risk that it poses from poor handling and management. After the first Russia-Africa summit held in 2019, Russia has, as an exceptional case, granted a $29 billion loan for the nuclear plant construction in Egypt based on its strategic bilateral relations. The nuclear agreement was signed as far back as 2015.
President of the Republic of Zimbabwe, Emmerson Dambudzo Mnangagwa, since the beginning of the Russia-Ukraine crisis and the ‘special military operation’ aims at denazifying and demilitarizing Ukraine, has utterly rejected the United States’ appeal to support sanctions against Russia. It has, therefore, won Russia’s sympathy as a ‘friendly’ African ally. In return, Zimbabwe was given in late 2023 what was termed ‘delivery at no-cost’ grains and fertilizers, these were in addition to supplies of military equipment and training of Zimbabwean citizens on state budget at educational institutions in the Russian Federation. According to the official statistics, there are currently 400 Zimbabweans studying in the Russian Federation.
Mnangagwa, while visiting as a guest speaker at the 27th St. Petersburg International Economic Forum (SPIEF) and his special meeting with President Vladimir Putin in June 2024, was excited at winning favours by explaining, at length, how the United States has been supporting neighbouring southern African countries. Ultimately, Mnangagwa was to get better treatment for a broader supply of arms and weaponry, and food to feed the impoverished population. He did not negotiate for investment in agriculture, he did not suggest the construction of, at least, a kilometre road or a local school in any of the rural regions in Zimbabwe.
What was important for Zimbabwe, Mnangagwa asked for the chance to enhance bilateral cooperation, and that Zimbabwe is “one of the few countries in southern Africa that is regarded as anti-West” so there is a concrete basis for pursuing more consolidated relations to escape being further isolated in southern Africa. “And there is a lot more that we can open for the Russian Federation to participate in our economy, especially in the mining sector and agriculture,” he stressed in his discussion.
Russia’s perspectives on the struggle against growing neo-colonialism and Western-style tendencies, most probably, have to do with pushing for large-scale development programmes, and support for attaining economic sovereignty. If that is the case, then Russia needs to borrow a single page from China. Zimbabwe has the full-fledged confidence to opt for hosting the third Russia-Africa Summit in Harare simply because China has given that country a new parliamentary village with modern facilities for large conferences. Compared, Russia has not constructed a single one-kilometre road in the transport sector in Zimbabwe consistently claims to have under its umbrella excellent relations from the Soviet times.
The new parliament building is located in Mount Hampden, approximately 25 kilometres (16 mi) northwest of Harare. The parliamentary chambers can accommodate up to 650 legislators, their offices, conference rooms and meeting spaces. The engineering, procurement and construction (EPC) contract was awarded to Shanghai Construction Group, which erected the building between December 2018 and April 2022. A Chinese government delegation officially handed over the building complex to the government of Zimbabwe on 26 October 2023. The construction was fully funded at the cost of nearly $200 million by the Government of China, according to reports by Zimbabwean media.
Perhaps generally, Russia aspires to position itself as a leader in Africa, it thus far remains with its aspirations in the media headlines. Uprooting neo-colonialism requires investment in building economic sectors designed to improve the living standards of the impoverished population, creating employment for the youth. Russia’s footprints, such as providing infrastructure in agriculture, industry, transport and other sectors, are invisible in the continent. The fundamental conservative assessment indicates that Africa is largely at the bottom position in terms of overall development in the southern hemisphere, what is now called the Global South.
Russia is gathering the Global South as a force against the United States and Western Europe. Africa has been given all kinds of descriptions, one being having “unparalleled natural wealth and boundless potentials,” and by this definition, Russia has to determine its proposed commitment to driving economic diversification, transformation and development across the African continent. That, however, its rhetoric has reached the highest peak of the African mountains.
Zimbabwe has the world’s second-largest platinum reserves after South Africa. Russia declared interest in the development of a platinum deposit in Darwendale. Several reports later confirmed that Russians had abandoned their lucrative platinum project contract that was signed for $3 billion in September 2014, the platinum mine in the sun-scorched location about 50 km northwest of Harare, the Zimbabwean capital. With great pomp and pageantry, Foreign Minister Sergey Lavrov launched the $3 billion Russian project back in 2014, after years of negotiations, with the hope of raising its economic profile in Zimbabwe.
Reports also indicated that the project was expected to involve a consortium consisting of the Rostekhnologii State Corporation, Vneshekonombank and Vi Holding in a joint venture with some private Zimbabwe investors as well as the Zimbabwean government.
Mnangagwa has been committed to opening up Zimbabwe’s economy to the rest of the world to attract the much-needed foreign direct investment to revive the ailing economy and make maximum use of the opportunities for bolstering and implementing some large projects in the country. That Zimbabwe would undergo a “painful” reform process to achieve transformation and modernization of the economy.
Zimbabwe has various potential investment sectors besides mining. There is a possibility of greater participation of Russian economic operators in the development processes in Zimbabwe, and southern Africa. But Russians need to move away from too much rhetoric and make concrete economic engagement over the forthcoming years.
Zimbabwe, a landlocked country in southern Africa, shares a 200-kilometre border on the south with South Africa, bounded on the southwest and west by Botswana, on the north by Zambia and the northeast and east by Mozambique. Zimbabwe is a member of the Southern African Development Community (SADC).
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.
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.
By Adedapo Adesanya
The President of the African Development Bank (AfDB), Mr Sidi Ould Tah, says more African countries are likely to regain or achieve investment-grade credit ratings by next year as reforms begin to deliver results and economic growth accelerates.
Several African sovereigns have already been upgraded in recent months, including Nigeria. However, Nigeria is not yet near investment-grade status.
In May, S&P Global Ratings upgraded Nigeria’s sovereign credit ratings to ‘B’ with a stable outlook, citing structural reforms under President Bola Tinubu and key drivers like higher oil production and improved fiscal revenue.
The country is still five notches from investment-grade. Under S&P’s rating scale, the progression follows— B → B+ → BB- → BB → BB+ → BBB- (investment grade).
S&P raised Morocco to investment grade last year and increased South Africa by one level to BB in November. Ghana, Zambia, the Ivory Coast and Kenya have also benefited from positive rating action linked to fiscal, debt and economic reforms.
“We’re quite confident that the continent will continue to grow very strongly and that African countries will be better rated in the coming years,” Mr Ould Tah said in an interview with Bloomberg.
“We’ve seen Morocco receive investment grade during the last few months, and we expect other countries by next year to get toward that,” he added.
The outlook reflects improving fiscal positions and reforms implemented across countries on the continent, even as the conflict in the Middle East threatens to slow economic growth and raise costs for energy-importing nations. Better credit ratings can help countries borrow at lower rates and fund development projects.
The AfDB projects the continent’s gross domestic product expansion will accelerate to 4.4 per cent next year, if the conflict in the Middle East does not extend for a longer period. It expects the continent to slow to 4.2 per cent this year.
The war in Iran has benefited oil producers such as Nigeria, Angola and Gabon, while exerting pressure on the fiscal positions of net energy importers such as South Africa, Kenya, Ghana and Senegal.
Mr Ould Tah said the bank is ready to support countries facing budget constraints and high debt burdens due to the impact of the Iran crisis, including increasing credit lines to them.
“The board of directors of the bank will examine in the coming days how the bank can increase the volume of resources it will provide to its member countries in this specific situation,” he said.
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