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Russia-Africa Collaboration: Time to Act on Multidimensional Economic Initiatives

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St. Petersburg Summit 2023 Russia-Africa Collaboration

By Professor Maurice

Russian President Vladimir Putin invited African leaders and ‘non-Western friends’ to his hometown, St. Petersburg, which hosted the second Russia-Africa summit from July 27-28. In the past three years, Russias Foreign Minister Sergey Lavrov has visited several African countries. Lavrov has used shuttle diplomacy in African capitals to build support and strengthen further political contacts in preparation for the Russia-Africa summit.

According to the Kremlin report, the current geopolitical period is “extremely difficult”, and consequently, only 17 heads of state out of 55 African countries were at the summit. There were, of course, a total of 49 African delegations noted in the report on the official website. That compared to the first held in October 2019, representatives from all 54 African states, including 43 heads of state, attended the summit. Kremlin said the United States, France and other Western countries had exerted unprecedented pressure on African leaders ahead of the Russia-Africa summit to keep them from participating.

Putin delivered a keynote speech at the summit, talking about a “new world order” founded on “multipolarity and equality” among all nations. Ahead of that, Putin’s article on Russia-African relations was possibly an effort to mitigate the damage to both Russia’s standing and its reputation in Africa caused by Russia’s withdrawal from the Black Sea Grain Initiative, which allowed the export of Ukrainian grains to alleviate food security risks in a number of African countries.

Understandably speaking of the two-day Russia-Africa gathering, Kremlin Spokesman Dmitry Peskov also explained that the United States, France and other European countries, through their diplomatic missions in African countries, attempted to put pressure on the leadership of these countries. Peskov branded this meddling as “a completely outrageous fact” but stressed that it “in no way hinders the successful holding of the summit.”

In fact, experts have been discussing and interpreting this particular geopolitical, political situation and its implications. “Russia has turned sharply towards Africa to circumvent Western isolation following its invasion of Ukraine in February 2022. The St. Petersburg gathering presented another chance to show that Moscow has not been isolated and has alternative partners willing to deepen their cooperation with the Kremlin,” said Priyal Singh, a senior researcher at the Institute of Security Studies.

Nevertheless, it has already become a historical landmark in this new chapter of Russia-African relations, especially in this period of global political tensions and fierce economic competition, with Africa being the centre of focus. Today, Africa is the most promising and, at the same time, the fastest-growing region in the world. Investing in Africa is a popular trend and offers obvious advantages. Investing in Africa is a popular trend and offers obvious advantages as leading global powers seek diverse cooperation across the continent, considered the last frontier. In practical terms, African leaders are also setting comprehensive targets for improving performance and making strategic choices based on their development paradigms.

Of course, there are many distinctive problems – ranging from governance system through economic to socio-cultural – in the region. The major difficulties are seemingly connected with deficiencies in infrastructure, logistics, and energy. But economic growth continues, which indicates the possibility of pushing further economic development from its current levels. The attractiveness of Africa as a place for business is expected to grow, for instance, with the introduction of the African Union’s project: African Continental Free Trade Area (AfCFTA).

It is home to over 1.3 billion inhabitants, comprising 55 states, 37 cities with over a million residents, over 30 million square kilometres of territory, and 60% of its land is fertile. Africa is the highest concentration of natural and human resources. According to various estimates, 12% of the world’s oil and 18% of its gas reserves are concentrated there.

Scanning through official reports, we can underscore the significance of the late July summit as joining collective efforts for maintaining sustainable peace, development progress and working towards a successful and prosperous future. The ‘Africa We Want’ is to create and prepare better living conditions for the next generations. Based on the past, Russia had consistently supported African peoples in their struggle for liberation from colonial oppression. After half a century, Russia has to show its support for Africa’s development and for its 1.3 billion population.

It is increasingly becoming visible that most African countries are showing signs of pragmatism and forward-looking for economic collaboration and partnership from external players. Africa is working to find its worthy place and assert its influence in the new multipolar world. In supporting this argument, we can quote President Vladimir Putin, who wrote in his pre-summit article, “The strategic areas of interaction are set by the decisions of the first Russia-Africa summit held in Sochi in late October 2019.”

In stark reality, there were brilliant speeches and unique deliberations which underline multi-dimensional initiatives. As it is well-known, Russia aims to foster long-term and deeper multi-dimensional collaboration between African countries and to accelerate and support the continent’s development. Russia is building on its Soviet-era legacy, using the huge reservoir of goodwill with Africa. Its primary position is based on respect for sovereignty and raising Africa to the global stage, for instance, at G-20 and the United Nations.

Russian President Vladimir Putin has severally noted that the states of Africa are constantly increasing their weight and their role in world affairs, asserting themselves more and more confidently in politics and the economy. “We are convinced that Africa will become one of the leaders of the emerging new multipolar world order,” according to Putin.

In terms of strategic economic directions, during the pre-summit sessions at Valdal Discussion Club, many questions were hypothetically raised. Valdai was established in 2004, with a goal is to promote dialogue between Russian and international intellectual elite and to make an independent, unbiased scientific analysis of political, economic and social events in Russia and the rest of the world.

More than 60 people from 12 countries were invited to participate in the preliminary discussions, to make the final synchronisation of watches at the expert level in the run-up to the summit. In the new geopolitical conditions, Africa is becoming one of the priorities of Russian foreign policy.

Significant to note that both Russian and African experts concluded that in the near future, Russian initiatives will always be a priority. One session focused on Economic Relations: Three Years’ Audit After the First Russia-Africa Summit. Possible questions raised were: So what should Russia’s strategy be in Africa today? What are the results of the implementation of the agreements achieved at the first Russia-Africa summit, including at the bilateral level? What are the reasons for the shortcomings? What needs to be done to improve the effectiveness of Russian-African economic cooperation? What makes economic cooperation with Russia attractive for African countries? What are Russia’s comparative advantages in the context of parallel tracks of cooperation, such as China-Africa, Turkey-Africa, USA-Africa, and others?

We should be passionate about the new stage of development. This is why I would like to draw your attention to the fact that the history of cooperation between Russia and Africa has deep historical roots. We are on the verge of a new economic miracle – the African miracle. Therefore, Africa is the best environment for building long-term partnerships.

We always make a long list, including renewable energy, infrastructure and logistics, industry and high technology production, innovative technologies and communications, security and cybersecurity, the digital economy, ecology and agriculture, education and training,  and tourism and recreational resources.

The struggle of foreign powers in Africa is not only for the control of raw materials but also for political influence over the continent. The arrival of new players in Africa provides an opportunity for the continent to choose the best partners while taking their own interests into account.

There should be some shifts in narratives. And so for Russia, popular opinions are that it establishes equal conditions for cooperation, mutually beneficial cooperation. That it makes the game on the African continent fair and open so as to balance the presence of other powers.

After deliberations in St. Petersburg, both Russia and Africa adopted a comprehensive Declaration, a number of Joint Statements and approved the Russia-Africa Partnership Forum Action Plan 2023 to 2026. Reports said an impressive package of intergovernmental and inter‑agency agreements and memoranda with individual states as well as regional associations of the continent were also signed.

In total, five documents are planned for signing: this is a general political declaration, a joint action plan for 2023-2026, and three sectoral documents that relate to the fight against terrorism, non-deployment of weapons in outer space and international information security. It is however hoped that these documents would become a serious platform for joint actions to create a new configuration of international relations based on equal cooperation, the idea of a multipolar world.

Acknowledging the fundamental fact that the multipolar world has practically evolved and gained momentum. Western countries are noticeably losing their ground across Africa. The point is to change the global balance of power on the world stage. The West is no longer a unique technological, political and military centre that has the ability to exert a decisive influence on other centres of influence, but these are Russia, China, India, the BRICS countries in general, which many states, including African ones, are striving to get into.

African countries are looking to strike a balance. In building up relations with Russia, they do not make a choice: Russia or the West. They develop relations with us in the same way as with China, India, Turkey, the European Union. Their main task is to meet their national interests and development needs. Regardless of whether unipolar, bipolar or multipolar, the most relevant factor needed is to have a common platform and strengthen each other in terms of economic development and in all other respects, thereby move forward towards solving the problems of an integrated continental development.

In conclusion, Russia is ready to help strengthen African countries’ sovereignty and contribute to Africa becoming a key partner in the new system of the multipolar world order. It signals practical decisions on building up cooperation. We are reminded that Africa has adopted a plan of action until 2063. Key points: integration, prosperity and peace. Despite security and economic challenges, there are good opportunities for future mutual cooperation, and a lot more substantial challenges and tasks were refixed and renewed at the second Russia-Africa Summit.

Professor Maurice Okoli is a fellow at the Institute for African Studies and the Institute of World Economy and International Relations, Russian Academy of Sciences. He is also a fellow at the North-Eastern Federal University of Russia

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Russia Expands Military-Technical Cooperation With African Partners

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Military-Technical Cooperation

By Kestér Kenn Klomegâh

Despite geopolitical complexities, tensions and pressure, Russia’s military arms and weaponry sales earned approximately $15 billion at the closure of 2025, according to Kremlin report. At the regular session, chaired by Russian President Vladimir Putin on Jan. 30, the Commission on Military and Technical Cooperation with Foreign Countries analyzed the results of its work for 2025, and defined plans for the future.

It was noted that the system of military-technical cooperation continued to operate in difficult conditions, and with increased pressure from the Western countries to block business relations with Russia. The meeting, however, admitted that export contracts have generally performed sustainably. Russian military products were exported to more than 30 countries last year, and the amount of foreign exchange exceeded $15 billion.

Such results provide an additional opportunity to direct funds to the modernization of OPC enterprises, to the expansion of their production capacities, and to advanced research. It is also important that at these enterprises a significant volume of products is civilian products.

The Russian system of military-technical cooperation has not only demonstrated effectiveness and high resilience, but has created fundamental structures, which allow to significantly expand the “geography” of supplies of products of military purpose and, thus strengthen the position of Russia’s leader and employer advanced weapons systems – proven, tested in real combat conditions.

Thanks to the employees of the Federal Service for Military Technical Cooperation and Rosoboronexport, the staff of OPC enterprises for their good faith. Within the framework of the new federal project “Development of military-technical cooperation of Russia with foreign countries” for the period 2026-2028, additional measures of support are introduced. Further effective use of existing financial and other support mechanisms and instruments is extremely important because the volumes of military exports in accordance with the 2026 plan.

Special attention would be paid to the expansion of military-technological cooperation and partnerships, with 14 states already implementing or in development more than 340 such projects.

Future plans will allow to improve the characteristics of existing weapons and equipment and to develop new promising models, including those in demand on global markets, among other issues – the development of strategic areas of military-technical cooperation, and above all, with partners on the CIS and the CSTO. This is one of the priority tasks to strengthen both bilateral and multilateral relations, ensuring stability and security in Eurasia.

From January 2026, Russia chairs the CSTO, and this requires working systematically with partners, including comprehensive approaches to expanding military-technical relations. New prospects open up for deepening military-technical cooperation and with countries in other regions, including with states on the African continent. Russia has been historically strong and trusting relationships with African countries. In different years even the USSR, and then Russia supplied African countries with a significant amount of weapons and military equipment, trained specialists on their production, operation, repair, as well as military personnel.

Today, despite pressure from the West, African partners express readiness to expand relations with Russia in the military and military-technical fields. It is not only about increasing supplies of Russian military exports, but also about the purchase of other weapons, other materials and products. Russia has undertaken comprehensive maintenance of previously delivered equipment, organization of licensed production of Russian military products and some other important issues. In general, African countries are sufficient for consideration today.

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Trump Picks Kevin Warsh to Succeed Jerome Powell as Federal Reserve Chair

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Kevin Warsh

By Adedapo Adesanya

President Donald Trump has named Mr Kevin Warsh as the successor to Mr Jerome Powell as the Federal Reserve chair, ending a prolonged odyssey that has seen unprecedented turmoil around the central bank.

The decision culminates a process that officially began last summer but started much earlier than that, with President Trump launching a criticism against the Powell-led US central bank almost since he took the job in 2018.

“I have known Kevin for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best,” Mr Trump said in a Truth Social post announcing the selection.

US analysts noted that the 55-year old appear not to ripple market because of his previous experience at the apex bank as Governor, with others saying he wouldn’t always do the bidding of the American president.

If approved by the US Senate, Mr Warsh will take over the position in May, when Mr Powell’s term expires.

Despite having argued for reductions recently, “Warsh has a long hawkish history that markets have not forgotten,” one analyst told Bloomberg.

President Trump has castigated Mr Powell for not lowering interest rates more quickly. His administration also launched a criminal investigation of Powell and the Federal Reserve earlier this month, which led Mr Powell to issue an extraordinary rebuke of President Trump’s efforts to politicize the independent central bank.

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BRICS Agenda, United States Global Dominance and Africa’s Development Priorities

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Vsevolod Sviridov BRICS Agenda

By Kestér Kenn Klomegâh

Donald Trump has been leading the United States as its president since January 2025. Washington’s priority is to Make America Great Again (MAGA). Trump’s tariffs have rippled many economies from Latin America through Asian region to the continent of Africa. Trump’s Davos speech has explicitly revealed building a ‘new world order’ based on dominance rather than trust. He has also initiated whirlwind steps to annex Greenland, while further created the Board of Peace, aimed at helping end the two-year war between Israel and Hamas in Gaza and to oversee reconstruction. Trump is handling the three-year old Russia-Ukraine crisis, and other deep-seated religious and ethnic conflicts in Africa.

These emerging trends, at least in a considerable short term, are influencing BRICS which has increased its geopolitical importance, and focusing on uniting the countries in the Global East and Global South. From historical records, BRICS, described as non-western organization, and is loosing its coherence primarily due to differences in geopolitical interests and multinational alignments, and of course, a number of members face threats from the United States while there are variations of approach to the emerging worldwide perceptions.

In this conversation, deputy director of the Center for African Studies at Moscow’s National Research University High School of Economics (HSE), Vsevolod Sviridov, expresses his opinions focusing on BRICS agenda under India’s presidency, South Africa’s G20 chairmanship in 2024, and genegrally putting Africa’s development priorities within the context of emerging trends. Here are the interview excerpts:

What is the likely impact of Washington’s geopolitics and its foreign policy on BRICS?

From my perspective, the current Venezuela-U.S. confrontation, especially Washington’s tightened leverage over Venezuelan oil revenue flows and the knock-on effects for Chinese interests, will be read inside BRICS as a reminder that sovereign resources can still be constrained by financial chokepoints and sanctions politics.  This does not automatically translate into BRICS taking Venezuela’s side, but it does strengthen the bloc’s long-running argument for more resilient South-South trade settlement, diversified energy chains, and financing instruments that reduce exposure to coercive measures, because many African and other developing economies face similar vulnerabilities around commodities, shipping, insurance, and correspondent banking. At the same time, BRICS’ expansion makes consensus harder: several members maintain significant ties with the U.S., so the most likely impact is a technocratic push rather than a loud political campaign.

And highlighting, specifically, the position of BRICS members (South Africa, Ethiopia and Egypt, as well as its partnering African States (Nigeria and Uganda)?

Venezuela crisis urges African members to demand that BRICS deliver usable financial and trade tools. For South Africa, Ethiopia, and Egypt, the Venezuela case is more about the precedent: how quickly external pressure can reshape a country’s fiscal room, debt dynamics, and even investor perceptions when energy revenues and sanctions compliance collide. South Africa will likely argue that BRICS should prioritize investment, industrialization, and trade facilitation. Ethiopia and Egypt, both debt-sensitive and searching for FDI, will be especially attentive to anything that helps de-risk financing, while avoiding steps that could trigger secondary-sanctions anxieties or scare off diversified investors.

Would the latest geopolitical developments ultimately shape the agenda for BRICS 2026 under India’s presidency?

India’s 2026 chairmanship is already framed around “Resilience, Innovation, Cooperation and Sustainability,” and Venezuela’s shock (paired with broader sanction/market-volatility lessons) will likely sharpen the resilience part. From an African perspective, that is an opportunity: South Africa, Ethiopia, and Egypt can press India to translate the theme into deliverables that matter on the ground: food and fertilizer stability, affordable energy access, infrastructure funding. India, in turn, has incentives to keep BRICS focused on economic problem-solving rather than becoming hostage to any single flashpoint. So the Venezuela episode may function as a cautionary case study that accelerates practical cooperation where African members have the most to gain. And I would add: the BRICS agenda will become increasingly Africa-centered simply because Africa’s weight globally is rising, and recent summit discussions have repeatedly highlighted African participation as a core Global South vector.  South Africa’s G20 chairmanship last year explicitly framed around putting Africa’s development priorities high on the agenda, further proves this point.

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