World
Russia-Africa Trade Turnover Steadily Increasing—Putin
By Kestér Kenn Klomegâh
Russian President, Mr Vladimir Putin, has hailed the ties between his country and Africa, saying that the development of relations has shown glaring positive results.
He made these remarks when the chairman of the African Union (AU) and Senegalese President, Mr Macky Sall, visited Sochi to discuss ways to avert an impending food crisis on the continent largely due to the Russia-Ukraine crisis that began late February after it was approved as “Special Military Operation” by both the State Duma and the Federation Council; the Lower House and the Upper House of the legislative structure of the Russian Federation respectively.
At the meeting, Mr Putin promised that Russia will continue to develop various aspects of its relations with African countries.
“Africa’s political role in the international arena, in general, is growing. We believe that Africa as a whole and its individual states, with which we traditionally have very good, without any exaggeration, friendly relations, have great prospects, and on this basis, we intend to further develop our relations with Africa as a whole and with its individual states,” the Russian leader said, “noting that, “We are at a new stage of development and attach great importance to our relations with African countries,”
He stated that the trade turnover between both parties has grown, revealing that, “In the first months of this year, it grew by 34 per cent.”
“We are striving to develop humanitarian ties with African countries and we will do everything that depends on us to make this process gain momentum,” he specified, adding that Russia has always taken a great interest in African culture too.
Mr Putin mentioned Russia has always been on Africa’s side, always supported Africa in its fight against colonialism and is attempting to fight rapidly growing neo-colonial tendencies, but for now, only with rhetoric as this requires investing competitively where the neo-colonizers are currently playing economic roles.
He also recalled that the 2019 Russia-Africa summit was held precisely in Sochi. He hosted dozens of African leaders in Sochi in a bid to reassert Russia’s influence on the continent. Though never a colonial power in Africa, Moscow was a crucial player on the continent in the Soviet era, backing independence movements and training a generation of African leaders.
In his remarks, his Senegalese counterpart, lamented the impact of anti-Russian sanctions on Africa, saying they have shattered the global economy, sent prices skyrocketing and generating deep-seated social discontent among the population worldwide.
Nearly all African countries are struggling to contain the impact of the crisis, two years after the coronavirus pandemic had locked them up behind borders and unprecedented climate change compounding difficulties facing the continent. Acknowledging frankly, however, that it is about time to address the lapses in attaining economic independence, African leaders complained bitterly that they become direct victims of the Russia-Ukraine crisis. Russia has consistently brushed aside this accusation and rather blamed Western and European sanctions for the precarious situation that has equally engulfed Africa.
“Anti-Russia sanctions have made this situation worse and now we do not have access to grain from Russia, primarily to wheat. And, most importantly, we do not have access to fertiliser. The situation was bad and now it has become worse, creating a threat to food security in Africa,” he lamented.
Over 40 per cent of wheat consumed in Africa usually comes from Russia and Ukraine. The irreversible fact is that both Ukraine and Russia are major suppliers of wheat and other cereals to Africa, while Russia is a key producer of fertiliser, and it has become necessary, as soon as possible, to find appropriate solutions. Reports say Russia’s blockade of Odessa has harmed Ukrainian food exports.
“As you know, a number of countries voted for resolutions at the United Nations. The position of Africa is very heterogeneous but despite heavy pressure, many countries still did not denounce Russia’s position,” the Senegalese leader explained, adding, “It is also possible to look at Asia, the Middle East and Latin America – we see that the world is closely following the developments and that the countries that are so far away from the hotbed of the conflict are still experiencing its consequences.”
According to reports, 17 African countries abstained from voting on the resolution at the United Nations. Some policy experts say this Africans’ voting scenario at the UN opens a theme for a complete geopolitical study and analysis.
The truth is that there are so many interpretations and geopolitical implications though. Nevertheless, the African Union, Regional Economic organizations and the African governments are still and distinctively, divided over the Russia-Ukraine crisis due to divergent views and worse, afraid of contradictions and confrontations posed by the crisis and its effects on future relations.
During the Sochi meeting, Mr Sall has at least explained all these and the economic implications, while stressing the important role of Russia in the history of the African continent and expressing hope for expansion of profound cooperation with President Putin.
“Sanctions against Russia worsened the situation with grain and fertiliser supplies to African countries. We have no access to them. This entails consequences from the standpoint of the continent’s food security,” he said, noting that Senegal “supports the release of grain and fertilizers from anti-Russian sanctions.”
Russia’s ties with Africa unexpectedly declined with the collapse of the Soviet Union in 1991 and China has emerged as a key foreign power, engaging in infrastructure development and investing in many sectors on the continent. While Russia’s economic footprints are still invisible, the fact still remains that the United States, the European Union and a number of Gulf States are also investing heavily in Africa.
The local Russian media, Nezavisimaya Gazeta reported that talks about the starvation threat in Africa have been going on for a while. Agricultural shipments via Black Sea routes are stalled, particularly because Kyiv has mined the waters around Odessa for fear of Russia trying to seize the port.
In fact, Africa seeks to overcome the shocks due to the coronavirus pandemic, and the economic situation on the continent left much to be desired even before the launch of Russia’s special military operation in Ukraine. Although Russia and Ukraine produce only a third of global wheat and barley exports, much of those are focused on Africa rather than on wealthier countries. This is why logistics and sanctions issues trigger a genuine famine.
“The visit of the African Union’s delegation is actually nothing extraordinary because the parties exchange delegations a couple of times a year. It is during the pandemic that food price issues started to emerge.
“Besides, complications with foreign currency payments and Russia being prevented from making full use of maritime transport are creating additional difficulties. In particular, even if some companies agree to insure Russian vessels, their high rates inevitably affect prices for final customers,” Deputy Director of the Russian Academy of Sciences’ Institute for African Studies Leonid Fituni pointed out.
By Aduragbemi Omiyale
Accessing the US Dollar in the East Africa region has now been made easier with the expansion of the stablecoin settlement infrastructure of SCRYPT.
This development enables banks, payment providers and corporate treasury teams to move value into and out of the continent in real time.
Businesses paying international suppliers frequently have to convert local currency into USD before purchasing stablecoins for settlement, incurring FX conversions and spreads before any payment is made.
But SCRYPT is eliminating this intermediate conversion by enabling direct settlement corridors for local African currencies into stablecoins.
This development allows businesses to move from local currency to stablecoin settlement in a single licensed transaction, without first sourcing rationed bank dollars, as stablecoins are increasingly becoming settlement infrastructure rather than an investment product.
The expansion adds settlement support across four African currencies: the Kenyan shilling (KES), Tanzanian shilling (TZS), Rwandan franc (RWF) and Ugandan shilling (UGX). Each corridor is delivered through the same full-stack infrastructure our clients already use for trading, custody and treasury operations.
Speaking on this, the chief executive of SCRYPT, Norman Wooding, said, “Across Africa, stablecoin adoption is driven by economic need, not speculation.
“Businesses here are not chasing yield; they are trying to pay suppliers and manage treasury without losing margin to a banking system that rations dollars. Licensed, fair-rate dollar access is the clearest proof of what this infrastructure is for.”
Also commenting, the Managing Director of Markets & Trading at SCRYPT, Mr Gabriel Titopoulos, said, “Until now, reaching stablecoins from local African currencies meant buying scarce dollars and incurring several layers of conversion costs.
“SCRYPT removes this friction. Firms and payment providers can now settle straight from local currencies through live corridors, with local partners.”
World
African Graduates Association Promoting Multifaceted Initiatives With Russian Educational Institutions
By Kestér Kenn Klomegâh
In preparations for the third Russia-Africa Summit, scheduled for late October 2026, Dr Francois Ngan, deputy chairman of the Union of Associations of African Graduates of Soviet and Russian Universities, during an official working visit, has held a consultative meeting with Professor Vladimir Filippov, the President of the Russian University of Peoples’ Friendship (RUDN), and former Minister of Higher Education of Russia, Chairman of the National Commission for Accreditation of Higher Education.
RUDN is an educational institution established in 1960, primarily to provide higher education to Third World students. It has now become a popular multidisciplinary spot for many students, especially from developing countries. The university offers various academic programmes and has research infrastructure that comprises laboratories and interdisciplinary centres. The university is named after the former Congolese leader, Patrice Lumumba.
Dr Francois Ngan and Professor Filippov discussed the importance of the Graduates Association as a continental platform dedicated to strengthening unity, cooperation, and promoting shared progress among African graduates who studied in the former Soviet Union and in the Russian Federation. They also reviewed multifaceted initiatives that could bring together alumni associations from across Africa, whose members obtained education and professional training, and cultural experiences in Soviet and Russian institutions of higher learning.
Professor Filippov expressed optimism in addressing emerging challenges as a result of shifting geopolitical changes, emphasised strategic cooperation in the educational sphere with Africa, in general, and with the Republic of Cameroon, in particular, and further about the integration of African students during their studies in the Russian Federation.
The meeting also touched on academic and scientific work, the possibility of rewriting a scientific thesis, and the official organisation of transferring versions translated into six languages for the library of RUDN. Significant questions relating to Russia’s educational opportunities, collaborations and partnerships involving African countries were thoroughly discussed.
The Union of Associations of African Graduates of Soviet and Russian Universities was created under one continental umbrella to promote friendship, for professional networking, to engage in cultural exchange, and with particular emphasis on forging strategic cooperation between Africa and Russia.
World
Russia to Support Industrial Growth, Technological Advancement and Supply Chain Resilience across Africa
By Kestér Kenn Klomegâh
With the heightening of geopolitical rivalry and competition, a new Russia-Africa working group has emerged as a significant institutional mechanism and plans to focus on facilitating and monitoring strategic investments, industrialisation, and infrastructural development—the Strategic Action Plan 2023-2026—that was outlined during the second Russia-Africa summit, in St.Petersburg, the second largest city in the Russian Federation.
While substantial progress has, largely, lagged on the multidimensional economic front with Africa primarily due to its internal difficulties and the complexity of relations with its former Soviet neighbours, Russian officials believe there still remains huge untapped potential in strengthening bilateral cooperation. As planned, President Vladimir Putin has already signed an executive order that directs Moscow to host the forthcoming third Russia-Africa summit in October 2026.
On June 30, a regular meeting of the Business Council on Africa was held under the chairmanship of the head of the Russian Foreign Ministry. It was dedicated to issues of trade, economic and investment cooperation with Africa. The group discussed the current state and prospects for the implementation of policy initiatives with an emphasis on assisting the countries of the continent, strengthening their economic, energy, technological and food sovereignty, as well as training specialists for Africa.
Foreign Minister Sergey Lavrov has reiterated that Russia-Africa relations primarily depend on an understanding of the importance of collective action based on the principles of equality, mutual respect and resolving common tasks. In the past few years, Russia-Africa cooperation has been noticeably strengthening. “We are deepening political dialogues, developing bilateral contacts with African countries, promoting cordial cooperation between ministries and departments, and expanding humanitarian exchanges. We are also continuing the structural diversification of trade partnerships and economic dimensions.”
“Next on the agenda is the launch of diplomatic missions in The Gambia, Liberia, Togo, and the Union of the Comoros,” Lavrov said at a meeting of the Business Council under the Russian foreign minister. Lavrov noted that Russian embassies began operating in three other African countries in 2025: Niger, Sierra Leone, and South Sudan. A new Department for Partnership with Africa was also established. According to the top diplomat, “expanding Russia’s diplomatic presence on the continent contributes to developing relations.”
There are already 45 Russian embassies operating in Africa. The Russian foreign minister noted that Moscow is quickly rebuilding its presence in African countries, which sharply declined during the collapse of the Soviet Union. “There will be literally four or five countries left where we still need to establish full-fledged embassies, and then, we will have 100 per cent coverage of the entire African continent with our diplomatic presence,” Lavrov emphasised.
After the first summit in October 2019, the Foreign Ministry also created the Secretariat of the Russia-Africa Partnership Forum. Its main tasks include controlling the roadmap to Africa’s multidimensional cooperation and guiding potential Russian investors to the continent. This also underscored the priority and post-Soviet solidarity Russia currently attaches to its policy towards Africa, within the growing framework of the emerging new architecture of multipolarity in the Global South.
In an interview in June 2026, the director of the Department of Partnership with Africa at the Foreign Ministry, Tatyana Dovgalenko, shared a few insights in the lead-up to the third summit. Furthermore, Dovgalenko explained that Russia would move away from security to concentrate more on economic issues, especially to team up with African colleagues to streamline mechanisms for implementing projects that will ensure food security and agriculture, and help Africa in installing processing facilities to support its self-sufficiency. She also emphasised energy and vital infrastructures, and the third direction was to simultaneously work more coherently with sub-regional organisations.
Over the past few years, bilateral relations have been increasing. There are positive dynamics in trade turnover, estimated at $30 billion. Steps are being taken to build payment systems, preferably in national currencies, while Russia looks to open four more diplomatic offices, bringing the total to 48 across Africa. Russia is currently training 37,000 African students, but only approximately 1/3 on state scholarships in Russia’s educational institutions. “We are ready to share valuable experiences of building a sovereign development model with African partners to achieve self-reliant economic growth based on their own resources and capabilities. Russia aims at creating processing capabilities and localising production, and provides access to advanced technological solutions,” underlined Dovgalenko in her interview with New Eastern Outlook.
For African countries that have endured difficult decades on the path to political independence, it is now important to take full control over the untapped resources, direct income and revenue toward stimulating the national economic sector, rather than paying for the well-being of the Western “golden billion” during this changing geopolitical era, according to Dovgalenko.
According to reports, the forthcoming Russia-Africa summit will have an economic agenda, including the digital economy, technology, artificial intelligence, healthcare, investment, and settlements in global trade. Of course, the agenda will also cover Africa’s political aspects. But if African friends bring along any specific ideas, Russia will give them serious attention. In addition, with continuity and consistency, pay increased attention to expanding ties with Africa’s regional integration associations.
Going forward, the focus will be on translating strong trade relations into deeper investment partnerships, fostering technology collaboration, strengthening industrial linkages and contributing towards the shared objectives set by the leadership of both African countries and Russia. At the third summit, the above-mentioned specific initiatives will be further designed. In this regard, the key document, the new action plan for the next three-year period (2027-2029), is intended to reflect dynamic realities in the future relations of Russia and Africa
