World
Russia–Africa: Thousand Prospects for Energy Cooperation
By Kestér Kenn Klomegâh
The African continent is one of the fastest-growing energy markets in the world. This is due to the growing economic and demographic potential of African countries, as well as the efforts of many of them to combat climate change. Despite having passed through a long period of tumultuous post-colonial era, Africa’s efforts to ensure effective energy cooperation with leading global powers has not been an easy journey down the years. Until today, more than half of the estimated 1.4 billion still have no access to electric power for domestic utilization while industries continue suffering from frequent power outrages (interruptions), thus adversely affecting the level of industrial production across Africa.
Several summits, conferences and whatever have offered Africa the lee-way to network for potential external collaborations and tackle its ultimate energy deficits. Some energy experts still believe that African leaders have faced multiple obstacles in resolving the energy question on the continent. These obstacles include the outright inability to prioritise the energy sector and redirect funds in securing energy both for domestic and industrial use. Some experts also say African countries lack the adequate funds needed for energy, while the style of approach grossly differs from one country to the other depending on objective assessments of existing concrete conditions across Africa.
Russian President Vladimir Putin at the plenary session of the Russian Energy Week international forum, on 11th October 2023, spoke at a considerable length, briefly touched on Africa. Putin stressed the readiness to support Africa with its steps in ensuring energy security on the continent. His arguments were based on the logical comprehensive Russia-Africa energy cooperation and also referred to the fourth power unit at the El Dabaa NPP in Egypt which is being built ahead of schedule.
This is Russia’s illustrative flagship project on the African continent, but it is not only limited to the construction of the facility. Russia is seriously cooperating with Egyptian specialists to develop the nuclear energy industry in that North African country from scratch, which includes training personnel, providing maintenance support and so on. In other words, Russia is supporting Egypt to embark on the path to sovereign energy development.
This integrated and systemic approach is one of Rosatom’s main competitive advantages, not to mention its traditionally high safety and reliability standards. In reiterating its energy status, Russia is fully independent in terms of technology, both at the construction stage and during the maintenance of nuclear power plants. “At the same time, we are not against the participation of companies from third countries in the construction of nuclear power plants that we have designed,” explained Putin at the plenary session. It was the sixth Russian Energy Week (REW) held under the theme ‘The New Reality of Global Energy: Building the Future’ and gathered over 4,000 participants from more than 60 countries, including government representatives, executives of major energy companies and organisations, scientists and experts.
The main objective was to critically assess the trends of and prospects for global energy, exchange opinions on the challenges the global fuel and energy sector faces and, further discuss how to ensure the long-term stability of the global energy markets. With Moscow as the host, the REW placed emphasis on the global economy within the context of transitioning to the multipolar model with several growth centres, and the importance of each country defined by how it responds in the framework of the irreversible geopolitical processes, and how efficiently it can defend its economic, industrial, technological and energy sovereignty, readjust investment, trade and cooperation ties.
Of course, there are other options, as part of the energy mix, available such as hydroelectric and solar power. China and India are offering Africa solar power to augment the existing energy supply in the continent. Russia’s RusHydro, with a hyperbolic interest in Africa, has been involved in designing and building more than 350 facilities in 54 countries around the world. Today, the company supplies its technological solutions to 17 countries, including countries in Africa, the Middle East, Central Asia and Latin America, boosting technology transfer and providing engineering support for the entire service life of its plants, which is 50–70 years. That is, the company enters into long-term contracts, which help to establish strong ties not only between companies but also between countries.
Nevertheless, Africa holds breath for Russia’s nuclear power technology. The State Energy Corporation popularly known as Rosatom has bilateral agreements with nearly 20 African countries. The engineering, procurement and construction contract for the El Dabaa NPP was signed at the end of 2016. The project calls for building four 1,200 MW generating units with VVER-1200 reactors. But the agreement signed with Egypt dated back to November 2015, and Rosatom practically started to build the third unit at El Dabaa in May 2023. The construction of all four units at the El Dabaa Nuclear Power Plant (NPP), requires financing of up to US$30 billion (the Russian loan of US$25 billion covers 85% of the costs and Egypt would finance the rest) and is expected to be completed by 2028-2029. Under the agreement, Egypt is to start payments on the loan, which is provided at 3% per annum, from October 2029.
A project on such a scale is unique for Egypt, so the partners have adopted a meticulous approach to establishing their mutual obligations. Monitoring and research show that other African countries wishing to adopt Russian nuclear technology grossly lack finance, while in the interim Rosatom offers support for the training of specialists in educational institutions in the Russian Federation.
Without much doubt, Russia has, long ago, expressed the desire to build an energy base to overcome energy shortages and deep-seated deficits across Africa. The partnership between Russia and African countries has gained additional momentum and is reaching a whole new level. With South Africa, the agreement for the large-scale nuclear power plant (NPP) development was initially signed during the International Atomic Energy Agency General (IAEAG) Conference in Vienna between Russia’s Rosatom State Atomic Energy Corporation director general Sergey Kiriyenko and South Africa’s Energy Minister Tina Joemat-Pettersson.
The construction of the nuclear plants has had a chequered history. Due to the opaque nature of the deal signed with Russia, South Africa has not achieved the expected success with its nuclear project under Jacob Zuma. For the last twenty years, South Africa has not been able to make investments in new power plants, which has resulted in a severe power crunch. Generally, power outrages, with frequent crippling blackouts, still present a huge and real constraint to industrial growth in South Africa.
Knox Msebenzi, Managing Director of the Nuclear Industry Association of South Africa (NIASA), a body committed to promoting the highest standards in the development and application of nuclear technology, in discussing the impact of challenges on the country’s economy and a way out of the power generation difficulties, recommended that South Africa pursue an energy mix that includes coal, wind, hydro-power, nuclear and renewables going forward.
There are no silver bullets when it comes to energy sources generally across Africa. Criticisms of nuclear relating to costs and project management (long delays with huge projects) are being addressed with Small Modular Reactors. Nuclear power will not come online today as it takes time to implement, but countries do not plan for now but for the future.
Perhaps, the most important way forward is for African countries to with Small Modular Reactors. Certainly, there are attributes of resorting to these SMRs. The International Atomic Energy Agency (IAEA) simply describes Small Modular Reactors as advanced nuclear reactors that have a power capacity of up to 300 MW(e) per unit, which is about one-third of the generating capacity of traditional nuclear power reactors.
SMRs, which can produce a large amount of low-carbon electricity, are: Small – physically a fraction of the size of a conventional nuclear power reactor.
Modular – making it possible for systems and components to be factory-assembled and transported as a unit to a location for installation.
Reactors – harnessing nuclear fission to generate heat to produce energy.
Many of the benefits of SMRs are inherently linked to the nature of their design – small and modular. Given their smaller footprint, SMRs can be sited in locations not suitable for larger nuclear power plants. One of the challenges to accelerating access to energy is infrastructure – limited grid coverage in rural areas – and the costs of grid connection for rural electrification.
Efforts to achieve the target of universal access to energy, SDG 7, have made visible progress; however, gaps are still prevalent, mainly concentrated in remote and rural regions. As global efforts seek to implement clean and innovative solutions, the increased use of renewable energy coupled with the introduction of SMRs has the potential to fill such gaps, says the International Atomic Energy Agency (IAEA).
At the last Russian Energy Week, Burkina Faso and Mali (both landlocked French-speaking West African countries) became the latest to be added to the long list, as both signed Memorandum of Understanding (MoUs) with Rosatom. As one of the least electrified countries in the world, Burkina Faso and Mali signed the declaration of intent with Russia’s Rosatom to construct nuclear power plants, a strategy to achieve 95% electricity access for urban areas and 50% for rural areas by 2030.
The deal, which of course involves a lengthy process including providing suitable site and infrastructure for the project, has enjoyed worldwide media publicity. The agreement was, however, a culmination of talks with the Burkinabe military ruler Capt. Ibrahim Traore had with President Putin on 29th July 2023 in Moscow, during the Russia-Africa Summit. A similar agreement was signed with Mali, like Burkina Faso, on the same occasion when both outlined its immense energy needs and geostrategic position in the region, to foster energy collaboration.
Without much doubt, Mali and Burkina Faso appreciate support from Russia. President Vladimir Putin met with Interim President of Burkina Faso Ibrahim Traore at the Constantine Palace in St. Petersburg on 29 July 2023, both agreed to strengthen the partnership. Burkina Faso treats Russia with sympathy and interest. In December 2022, the Prime Minister of the interim government made a working visit to Russia. Talks between defence ministries were held in June as it is now conducting a special military operation there.
“In this context of building bilateral relationships, we certainly need to generate more energy – this is an important item on the agenda. If possible, we would like to have a small nuclear power plant for electricity generation in the country. We have a strategic location – we are in the very centre of West Africa. This whole region is short of energy. it would be able to generate energy for the entire subregion,” Burkina Faso Ibrahim Traore told Putin during their bilateral talks. (Kremlin, July 29, 2023)
Russian Energy Week reports that “Russian state nuclear corporation Rosatom has signed a memorandum of understanding with Burkina Faso and another with Mali on cooperation in the field of the use of nuclear energy for peaceful purposes. The agreements were signed on 13th October in Moscow on the sidelines of the 6th Russian Energy Week Forum.”
This collaboration is a testament to the commitment to driving innovation within the nuclear energy sector in Africa. By taking this step, it emphasizes the importance of dispelling old stigmas surrounding nuclear energy and applauds proactive efforts to explore innovative nuclear technologies. It further shows Russia’s inroads in West Africa are a welcome sign that Africa too will be benefiting from multipolarity in the coming years. Burkina Faso is one of the least electrified countries globally, with only about 20% of the population having access to electricity, according to the International Energy Atomic Agency. National electrification for Mali is slightly higher with about 30% to 35%.
According to reports compiled by Russian Ministry of Foreign Affairs, Russia has also signed for such construction of nuclear plants with several African countries but has yet to begin implementing its side of the agreements. These include agreements with Algeria (2014), Ghana (2015), Ethiopia (2019), Republic of Congo (2019), Nigeria (2012, 2016), Rwanda (2018), South Africa (2004), Sudan (2017), Tunisia (2016), Uganda (2019) and Zambia (2016). Memoranda of Understanding (MoUs) were signed with Kenya in 2016 and Morocco in 2017.
Bloomberg reported back in 2018 that Russia has signed agreements with Nigeria to build and operate a nuclear power plant in the oil-rich West African nation that has a deficit of reliable power and faces security challenges from Islamist militants in the far northeast.
Feasibility studies for the plant and research centre construction will include site screening, capacity, financing, and time frames of the projects, state-owned Russian nuclear company Rosatom said in an emailed statement to Bloomberg. That report said several African nations signed intergovernmental agreements on cooperation in the field of the peaceful usage of nuclear technologies. Nigeria in 2015 was in talks with Rosatom to build as many as four nuclear power plants costing about US$20 billion, the Nigeria Atomic Energy Commission said at the time.
Nigeria, Africa’s most populous nation, distributes an average of 4,500 megawatts of electricity. Half the output of the Egbin power plant, the nation’s biggest, is lost because of inadequate transmission infrastructure, its chief officer said. Rosatom was seeking to build nuclear power plants in other countries on the continent including South Africa.
Reports from the first summit in 2019 indicated that Russia and Ethiopia have signed an intergovernmental framework agreement on cooperation in the field of peaceful uses of atomic energy. It was reported that the document was signed on the sidelines of the Russia-Africa Economic Forum by Rosatom Director General Alexei Likhachev on behalf of Russia, and by Ethiopia’s Minister of Innovation and Technology Getahun Mecuria Kuma, on behalf of Ethiopia.
Rosatom is the company behind the Centre of Nuclear Science and Technology (CNST) under construction in Chongwe, Zambia, under the 2018 engineering, procurement and construction contract signed in 2018 between the Zambian government and Rosatom. These areas include: fine tuning the projects for the construction of the Center for Nuclear Science and Technology (CNST) and Nuclear Power Plant (NPP) on the territory of the Republic of Ethiopia, developing nuclear infrastructure by international recommendations; applying nuclear and radiation safety regulations; implementing fundamental and applied research for peaceful uses of nuclear technologies; producing and using radioisotopes in various industries, healthcare and agriculture; cooperating in the field of radiation technologies and nuclear medicine applications and education, training and retraining of specialists for the nuclear industry.
The Intergovernmental agreement creates a legal framework for establishing cooperation between Russia and Ethiopia in a wide range of areas. In explicit remarks, Alexei Likhachev noted: “We are glad to provide Ethiopia with access to more than 70 years of experience in the peaceful use of nuclear technologies in Russia and hope that the cooperation will contribute to the sustainable development of Ethiopia and improve the quality of life of the nation.”
Cheikh Niane, Permanent Secretary for Energy, Secretary General of the Ministry of Petroleum and Energies, Senegal and NJ Ayuk, Executive Chairman of the African Energy Chamber, both have argued seriously that African states have strong potential to construct plants by 2030. Algeria, Morocco, and Nigeria could also operate research reactors after having expressed interest in the nuclear plants. Kenya and Sudan have worked with the IAEA and supplier countries such as Russia and China. (African Energy Chamber, October 8, 2023)
“We encourage these states to continue the good work, and for others to accelerate their talks with the IAEA. Even a single SMR can power an entire city for decades, and scaling them will only grow easier. Nuclear remains a safe, clean, and reliable long-term investment – and our strongest weapon against our rising population’s demand for energy,” underscored Cheikh Niane, Permanent Secretary for Energy, Secretary General of the Ministry of Petroleum and Energies, from the Republic of Senegal in West Africa.
Countries like Ethiopia, Kenya, Niger, Rwanda, Senegal, Uganda, Tanzania and Zambia are currently working with IAEA which is supporting them as Embarking Countries in Establishing National Infrastructure for Research Reactors program and this is progressing well considering the milestones approach of the IAEA.
The second Russia-Africa Summit took place in the Russian city of St. Petersburg from July 27-28. The summit saw participants sign several multilateral and bilateral accords. The accords are geared towards increasing cooperation at the highest level and promoting constructive dialogue within the framework of existing international, regional, multilateral and bilateral Russian-African mechanisms on a wide range of strategic, political and economic issues of mutual interest.
Despite the presence of Russian companies including Lukoil. Rosneft, and Gazprom in Africa, NJ Ayuk says African oil producers are still disappointed at the slow pace of Russian investment in the energy industries. “There needs to be stronger cooperation between Africa and Russia to fight energy poverty and climate change. Africans want to get married, Russians just want to date, so we need to watch this dating game,” NJ Ayuk, Executive Chairman of the African Energy Chamber-AEC said.
Quite apart from that, a Senior Presidential Advisor from the Republic of Ghana, Yaw Osafo-Maafo, has also underscored the imperative of making nuclear energy affordable to catalyse its widespread adoption as the continent continues its exploration of nuclear energy as a means to meet the burgeoning energy demands and secure a long-term energy future.
According to his interpretation, nuclear energy offers a dependable and sustainable power source, which is pivotal for driving economic growth and enhancing the standard of living for the population across Africa. But the point closely relates the importance how to adopt the latest cost-alternative technology, the keenness of using nuclear energy and making efforts to minimize its associated financial risks by being wary of things like predatory financing and unscrupulous suppliers.
Many policy researchers and analysts have written and reasonably argued about Russia’s financial capabilities and inconsistent approach (ref: Situation Analytical Report 2021) in implementing bilateral policy projects in Africa. Contrary to negative views held previously, a lot more important issues have received high attention since the first (October 2019) and the second (July 2023) African leader’s summits.
On the other side of the arguments in favour of Russia, Ryan Collyer, the Regional Vice-President of Rosatom for Sub-Saharan Africa, explains that energy (construction and repair of power generation facilities as well as in peaceful nuclear energy and the use of renewable energy sources) is an important area of the economic cooperation between Russia and Africa. That Russia can play a key role in the construction of nuclear power plants in African countries, as three African countries are currently mining uranium in industrial quantities – Namibia, Niger and South Africa.
In particular, Ryan Collyer further explained that a nuclear power program is a complex undertaking that requires meticulous planning, preparation, and investment in time, institutions, and human resources. The development of such a program does not happen overnight and can take several years to implement. There are various scenarios for energy development and prospects for the use of eco-friendly and sustainable energy sources.
According to his explanation, another critical question is the cost. Most of the funds are needed during the construction period. Building a large-scale nuclear reactor takes thousands of workers, massive amounts of steel and concrete, thousands of components, and several systems to provide electricity, cooling, ventilation, information, control and communication.
More often, Africa is always described as endowed with enormous resources, and yet poor, in terms of infrastructure and industrialization. Half the population still live in abject poverty, without access to energy to drive simple rural industries and for domestic use. These should be blamed on the system of governance. Besides, there are fundamental rhetorical questions here. What public policies are African countries adopting to ensure sustainable energy development? How do the activities of Russian companies fit into this context? What challenges are there along this path? What financial support measures can be provided for projects?
Quite recently, Eng. Mohamed Hamel, Secretary General of the Gas Exporting Countries Forum, also noted that energy drives progress across all sectors of society. From powering industries that bolster economies to providing the means for essential services such as healthcare, education, and clean water, reliable energy sources are paramount. For Africa, blessed with a young demographic and abundant natural resources, yet plagued by energy poverty, socio-economic development is an overriding priority. With 40% of the continent’s population without access to reliable electricity, the energy needs are staggering to support the increasing population from 1.4 billion today, estimated to rise to 2.5 billion in 2050. (Weekly African Executive, October 23 – 27, 2023)
NJ Ayuk, Executive Chairman of the African Energy Chamber, shared the same views with Eng. Mohamed Hamel, Secretary General of the Gas Exporting Countries Forum, and in addition stressed that “The development of energy cooperation within the framework of international relations is extremely relevant today. The realization of full-fledged interaction in the energy field largely depends on the parties involved. The African Energy Chamber is a reputable institution capable of ensuring quality dialogue when discussing energy issues from Africa’s perspectives.”
The South African-based African Energy Chamber will provide mutual consulting, information, and expert support. One area of cooperation will involve promoting existing partnerships and exploring new long-term collaborations between representatives of the business communities of both parties to attract investment in African and Russian energy projects. Noticeably, it has already been maintaining a dialogue in investment and identifying sources of finance for energy projects. Soon Africa will have its own Energy Bank.
Deputy Prime Minister of the Russian Federation, Alexander Novak, said in comments with strategic interaction with like-minded people, one does not need to waste time trying to find a common language. Thus, special attention could be paid to the prospects for energy cooperation between Russia and African countries, as well as Russia and China. But, do China and Russia have the main keys to Africa’s low-energy existence, the digital transformation of energy and the introduction of modern energy solutions, especially at this time of global development?
An improved practical Russia-Africa collaboration could ensure that energy development is accelerated and in pursuit of making energy poverty history in Africa by 2030. With this targeted year, every resource available on the continent needs to be maximized. Russia could drive long-term energy investment and know-how into these resources to a considerable degree to alleviate energy poverty and further ensure the continent benefits from its natural resource wealth. Factors such as inadequate funding and energy-producing infrastructure are slowing down growth in the sector. At the same time, there is that broad perception that Russia shares its best practices with Africa to navigate through these decades-long challenges and utilize its untapped energy security opportunities across the continent.
Judging from the above discussion, it could be concluded that substantial investment in energy infrastructure development is required to realise Africa’s economic potential and attain acceptable industrial growth. With the current rapid geopolitical changes, Africa is on the rise, drawing unprecedented focus from global players which points to the fundamental fact that it is an exciting time for the continent. Therefore it is paramount to address its renewable energy supplies, particularly solar energy as they are vital ingredients for further continental growth. This is an extremely important factor for the African Continental Free Trade Area (AfCFTA) which aims at expanding intra-African trade and is expected to strengthen the size of Africa’s economy to US$29 trillion by 2050.
As a result of an incredible transformation and significant contributions, Africa’s geopolitical weight in the world is growing now. Despite the existing challenges and multiple difficulties facing the African energy sector, many foreign companies are flexing their tentacles there in Africa, exhibiting confident readiness to ensure energy security, laying the long-term foundations for the development of the economy, industry, agriculture, transport and infrastructure, and for improving the quality of life for the estimated 1.4 billion people in Africa, which falls within achieving the 7th UN Sustainable Development Goals.
World
Russia-Africa Dialogue: Untapped Prospects for Economic Cooperation
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.
World
CANAL+ Eyes MultiChoice Turnaround as Stocks Debut on 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.
World
AfDB President Sees More African Nations Regaining Investment-Grade Ratings
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.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
