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Russia-Africa Summit: Sergey Lavrov Undertakes Assessment Tour

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Sergey Lavrov

By Kestér Kenn Klomegâh 

Behind lofty summit declarations, several bilateral agreements and thousands of decade-old undelivered pledges, Russia has been stacked due to the  “special military operations” it began in late February in Ukraine. It has achieved little these few years after the symbolic summit held in 2019. With preparations for the next African leaders’ summit, Foreign Minister Sergey Lavrov plans to undertake two African tours during the first quarter of 2023.

At the heat of the Russia-Ukraine crisis and within the context of the current geopolitical and economic changes, Lavrov made a snapshot trip to four African countries from July 24-28 this year. The four African countries on that travel agenda: are Egypt, Ethiopia, Uganda and the Republic of Congo.

In January-February 2023, Lavrov will first focus on North Africa. Why is Maghreb a strategic region for Russia? It is true that despite the appearance of competition between Europe and the United States, between Russia and China, as well as the Gulf States, Russia has intensified its relations aims at raising its influence in the Maghreb.

Worth noting that Egypt already has significant strategic and economic ties with Russia. With the geographical location of Egypt, Lavrov’s frequent visits there have some tacit implications. Last July trip, for instance, concretely aimed at explaining the perspectives for Russia’s actions in neighbouring Ukraine to frame-shape its geo-strategic posture in the region and solicit support from the entire Arab world. It followed US President Joe Biden’s official visit to the Middle East. Biden visited Israel, the Palestinian territories and Saudi Arabia.

Reports from Russia’s Ministry of Foreign Affairs this week indicated that Lavrov plans to undertake two “coordinated working visits” and the first trip will focus on the Arab-speaking North African region popularly referred to as Maghreb. For several decades, the Maghreb region has been a multifaceted conflict region, in fact, one of the most volatile geopolitical frontiers, which includes Mauritania, Morocco, Algeria, Tunisia and Libya. This vast area inhabited by some 120 million people – 80 per cent of them in Algeria, Egypt and Morocco – is landlocked between the huge Mediterranean Sea and the Sahara Desert.

Historically, Russia has had long-standing good political relations not only in the North but also with sub-Saharan Africa down to Southern Africa since Soviet times, providing tremendous support for liberation movements that culminated in decolonization and, ultimately, the rise of the economies in Africa. The continent is rife with rivalry and competition, attracting foreign players, especially at this time of emerging new global order.

According to official reports, Russia is interested in expanding multifaceted cooperation and making feverish attempts for a collaborative mechanism to upgrade its relations. It seeks to work closely in developing a new architecture necessary for participating in development projects, and promote infrastructure, trade and other viable economic ties. It held the first Russia-Africa summit three years ago, signed many bilateral agreements and issued an impressive joint declaration as a roadmap for future directions.

On the agenda for the second Russia-Africa summit scheduled to be held in St. Petersburg, there are matters relating to building a new global architecture in the context of strengthening multi-polarity and international security, food and energy security, healthcare and humanitarian cooperation, education, science and culture.

With rafts of sanctions imposed on Russia, it becomes expedient for both Russia and Africa to find alternative ways of collaboration (between Russia and Africa) that do not rely on Western currencies or sanctions policy. Of course, illegal sanctions imposed on Russia continue to have a negative impact on foreign economic relations, necessitating an urgent reconfiguration of strategies for pushing further cooperation.

The reports always note that Africa is one of the most important and fastest-growing regions for Russian producers. Moscow understands the significance of engaging and achieving sustainable development there. For example, Russia faces the challenge of promoting the creation of a reliable infrastructure for the production and transportation of African energy products and the development of domestic markets. It faces the challenge of setting its economic influence in the continent admirably.

However, in November 2021, a policy document titled the ‘Situation Analytical Report’ presented at the premises of TASS News Agency was very critical of Russia’s current policy towards Africa. While the number of high-level meetings has increased, the share of substantive issues on the agenda remains small. There are few definitive results from such meetings, according to that authoritative report researched and put together by 25 Russian policy experts headed by Professor Sergey Karaganov, Chairman of the Council on Foreign and Defense Policy.

The report pointed to the lack of coordination among various state and para-state institutions working with Africa. For the past three decades, Russia has played very little role in Africa’s infrastructure, agriculture and industry. Many bilateral agreements at the top and high political levels have still not been implemented. A lot more important issues have received little attention since the first African leaders’ summit was held in Sochi.

Our monitoring shows that the Russian business community hardly pays attention to the significance to, and makes little effort to leverage the African Continental Free Trade Area (AfCFTA), which provides a unique and valuable platform for businesses to access an integrated African market of over 1.3 billion people.

Nevertheless, Russia brings little to the continent, especially in the economic sectors that badly need investment. An undeniable fact is that many external players have also had long-term relations and continue bolstering political, economic and social ties in the continent.

Of course, Russia aims at restoring and regaining part of its Soviet-era influence but has problems with planning and tackling its set tasks and lack of confidence in fulfilling its policy targets. The most important aspect is how to make strategic efforts more practical, more consistent and more effective with African countries. Without these fundamental factors, it would therefore be an illusionary dream considering a multifaceted partnership with Africa.

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Russia Renews Africa’s Strategic Action Plan

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Russia Africa's Strategic Action Plan

By Kestér Kenn Klomegâh

At the end of an extensive consultation with African foreign ministers, Russian Foreign Minister, Sergey Lavrov, has emphasized that Moscow would advance its economic engagement across Africa, admittedly outlining obstacles delaying the prompt implementation of several initiatives set forth in Strategic Action Plan (2023-2026) approved in St. Petersburg during the Russia-Africa Summit.

The second Ministerial Conference, by the Russian Foreign Ministry with support from Roscongress Foundation and the Arab Republic of Egypt, marked an important milestone towards raising bilateral investment and economic cooperation.

In Cairo, the capital city of the Arab Republic of Egypt, Lavrov read out the final resolution script, in a full-packed conference hall, and voiced strong confidence that Moscow would achieve its strategic economic goals with Africa, with support from the African Union (AU) and other Regional Economic blocs in the subsequent years. Despite the complexities posed by the Russia-Ukraine crisis, combined with geopolitical conditions inside the African continent, Moscow however reiterated its position to take serious steps in finding pragmatic prospects for mutual cooperation and improve multifaceted relations with Africa, distinctively in the different sectors: in trade, economic and investment spheres, education and culture, humanitarian and other promising areas.

The main event was the plenary session co-chaired by Russian Foreign Minister Sergey Lavrov and Egyptian Minister of Foreign Affairs, Emigration, and Egyptians Abroad Bashar Abdelathi. Welcome messages from Russian President Vladimir Putin and Egyptian President Abdelhak Sisi were read.

And broadly, the meeting participants compared notes on the most pressing issues on the international and Russian-African agendas, with a focus on the full implementation of the Russia-Africa Partnership Forum Action Plan for 2023-2026, approved at the second Russia-Africa Summit in St. Petersburg in 2023.

In addition, on the sidelines of the conference, Lavrov held talks with his African counterparts, and a number of bilateral documents were signed. A thematic event was held with the participation of Russian and African relevant agencies and organizations, aimed at unlocking the potential of trilateral Russia-Egypt-Africa cooperation in trade, economic, and educational spheres.

With changing times, Africa is rapidly becoming one of the key centers of a multipolar world order. It is experiencing a second awakening. Following their long-ago political independence, African countries are increasingly insisting on respect for their sovereignty and their right to independently manage their resources and destiny. Based on these conditions, it was concluded that Moscow begins an effective and comprehensive work on preparing a new three-year Cooperation and Joint Action Plan between Russia and Africa.

Moreover, these important areas of joint practical work are already detailed in the Joint Statement, which was unanimously approved and will serve as an important guideline for future work. According to reports, the Joint Statement reflects the progress of discussions on international and regional issues, as well as matters of global significance.

Following the conference, the Joint Statement adopted reflects shared approaches to addressing challenges and a mutual commitment to strengthening multifaceted cooperation with a view to ensuring high-quality preparation for the third Russia-Africa Summit in 2026.

On December 19-20, the Second Ministerial Conference of the Russia-Africa Partnership Forum was held in Cairo, Egypt. It was held for the first time on the African continent, attended by heads and representatives of the foreign policy ministries of 52 African states and the executive bodies of eight regional integration associations.

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TikTok Signs Deal to Avoid US Ban

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Forex Advice on TikTok

By Adedapo Adesanya

Social media platform, TikTok’s Chinese owner ByteDance has signed binding agreements with United States and global investors to operate its business in America.

Half of the joint venture will be owned by a group of investors, including Oracle, Silver Lake and the Emirati investment firm MGX, according to a memo sent by chief executive, Mr Shou Zi Chew.

The deal, which is set to close on January 22, 2026 would end years of efforts by the US government to force ByteDance to sell its US operations over national security concerns.

It is in line with a deal unveiled in September, when US President Donald Trump delayed the enforcement of a law that would ban the app unless it was sold.

In the memo, TikTok said the deal will enable “over 170 million Americans to continue discovering a world of endless possibilities as part of a vital global community”.

Under the agreement, ByteDance will retain 19.9 per cent of the business, while Oracle, Silver Lake and Abu Dhabi-based MGX will hold 15 per cent each.

Another 30.1 per cent will be held by affiliates of existing ByteDance investors, according to the memo.

The White House previously said that Oracle, which was co-founded by President Trump’s supporter Larry Ellison, will license TikTok’s recommendation algorithm as part of the deal.

The deal comes after a series of delays.

Business Post reported in April 2024 that the administration of President Joe Biden passed a law to ban the app over national security concerns, unless it was sold.

The law was set to go into effect on January 20, 2025 but was pushed back multiple times by President Trump, while his administration worked out a deal to transfer ownership.

President Trump said in September that he had spoken on the phone to China’s President Xi Jinping, who he said had given the deal the go ahead.

The platform’s future remained unclear after the leaders met face to face in October.

The app’s fate was clouded by ongoing tensions between the two nations on trade and other matters.

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United States, Russia Resolving Trade Issues, Seeking New Business Opportunities

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Kirill Dmitriev, CEO (RDIF) and Russian Presidents Special Envoy to United States

By Kestér Kenn Klomegâh

Despite the complexities posed by Russia-Ukraine crisis, United States has been taking conscious steps to improve commercial relations with Russia. Unsurprisingly, Russia, on the other hand, is also moving to restore and normalise its diplomacy, negotiating for direct connections of air-routes and passionate permission to return its diplomats back to Washington and New York.

In the latest developments, Kirill Dmitriev, Chief Executive Officer of the Russian Direct Investment Fund (RDIF), has been appointed as Russian President’s Special Envoy to United States. This marked an important milestone towards raising bilateral investment and economic cooperation. Russian President Vladimir Putin tasked him to exclusively promote business dialogue between the two countries, and further to negotiate for the return of U.S. business enterprises. According to authentic reports, United States businesses lost $300+ bn during this Russia-Ukraine crisis, while Russia’s estimated 1,500 diplomats were asked to return to Moscow.

Strategically in late November 2025, the American Chamber of Commerce in Russia (AmCham) has awarded Kirill Dmitriev, praised him for calculated efforts in promoting positive dialogue between the United States and Russia within the framework decreed by President Vladimir Putin. Chief Executive Officer of Russian Direct Investment Fund (RDIF) Kirill Dmitriev is the Special Representative of the Russian President for Economic Cooperation with Foreign Countries. Since his appointment, his primary focus has been on United States.

“Received an American Chamber of Commerce award ‘For leadership in fostering the US-Russia dialogue,’” Dmitriev wrote on his X page, in late November, 2025. According to Dmitriev, more than 150 US companies are currently operating in Russia, with more than 70% of them being present on the Russian market for over 25 years.

In addition, Chamber President Sergey Katyrin and American Chamber of Commerce in Russia (AmCham) President Robert Agee have also been discussing alternatives pathways to raise bilateral business cooperation. Both have held series of meetings throughout this year, indicating the the importance of sustaining relations as previously. Expectedly, the Roscongress Foundation has been offered its platforms during St. Petersburg International Economic (SPIEF) for the American Chamber of Commerce (AmCham).

On December 9, Sergey Katyrin and Robert Agee noted that, despite existing problems and non-economic obstacles, the business communities of Russia and the United States proceed from the necessity of maintaining professional dialogue. Despite the worsening geopolitical conditions, Sergey Katyrin and Robert Agee noted the importance of preserving stable channels of trade and pragmatic prospects for economic cooperation. These will further serve as a stabilizing factor and an instrument for building mutual trust at the level of business circles, industry associations, and the expert community.

The American Chamber of Commerce (AmCham) will be working in the system of the Chamber of Commerce and Industry (CCI) in the Russian Federation, which currently comprises 57,000 legal entities, 130 regional chambers and a combined network of representative offices covering more than 350 points of presence.

According to reports obtained by this article author from the AmCham, promising sectors for Russian-American economic cooperation include healthcare and the medical industry, civil aviation, communications/telecom, natural resource extraction, and energy/energy equipment. The United States and Russia have, more or less, agreed to continue coordinating their work to facilitate the formation of a more favorable environment for Russian and American businesses, reduce risks, and strengthen business ties. Following the American-Russian Dialogue, a joint statement and working documents were adopted.

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