World
Russia-African Relations in the Context of Geopolitical Changes
By Kester Kenn Klomegah
Russia needs to go beyond its traditional rhetoric of Soviet assistance rendered to Africa. It is important now to highlight concrete success stories and policy achievements, at least, during the past decade in Africa. The young generation and the middle class aged between 25 and 45 that make up the bulk of the 1.3 population hardly see the broad positive impact of Russia’s economic cooperation with Africa.
Russia plans to hold the second Russia-Africa summit later this year. Sergey Lavrov, Minister of Foreign Affairs of the Russian Federation, indicated in a mid-June message that “in these difficult and crucial times the strategic partnership with Africa has become a priority of Russia’s foreign policy. Russia highly appreciates the readiness of Africans to further step up economic cooperation.”
Lavrov said: “It is in the interests of our people to work together to preserve and expand mutually beneficial trade and investment ties under these new conditions. It is important to facilitate the mutual access of Russian and African economic operators to each other’s markets and encourage their participation in large-scale infrastructure projects. The signed agreements and the results will be consolidated at the forthcoming second Russia-Africa summit.”
The above statement arguably offers some implications especially discussing this question of relationship-building. Lavrov has aptly asserted that within the “emerging and sustainable polycentric architecture of the world order” relations with Africa are still a priority, but Russians always close their eyes to the fact that the country’s foreign policy in Africa has largely failed to pronounce itself, in practical terms, as evidenced by the countable forays into Africa by Russian officials.
The Soviet Union was quite extensively engaged with Africa, comparatively. Russians have only been criticizing other foreign players during the past two decades without showing any model of building relationships. Its foreign policy goals are directed simply at sustaining the passion for signing several MoUs and bilateral agreements with African countries.
During the past years, there have been several symbolic meetings of bilateral intergovernmental commissions both in Moscow and in Africa. The first historic summit discussed broadly the priorities and further identified opportunities for collaboration. It, however, requires understanding the tasks and the emerging challenges. The current functions should concretely focus on actionable strategies towards enhancing the effective implementation of existing bilateral agreements, taking practical collaborated actions leading to goal-driven results. Nevertheless, Lavrov hopes “the signed agreements and the results will be consolidated at the forthcoming second Russia-Africa summit.”
Still, Russia plays very little role in Africa’s infrastructure, agriculture and industry, and especially making efforts to leverage the African Continental Free Trade Area (AfCFTA). While, given its global status, it ought to be active in Africa as Western Europe, the European Union, America and China are, it is all but absent, playing a negligible role, according to Professor Gerrit Olivier at the Department of Political Sciences, University of Pretoria, and former South African Ambassador to the Russian Federation.
Researchers have been making tangible contributions to the development of African studies in Russia. This Moscow-based Africa Institute has a huge pack of research materials useful for designing an African agenda.
In an interview, Professor Vladimir Shubin at the Institute for African Studies, Russian Academy of Sciences reiterated that Russia is not doing enough to communicate to the broad sectors of the public, particularly in Africa, true information about its domestic and foreign policies as well as the accomplishments of Russia’s economy, science and technology to form a positive perception of Russia within the context of the current global changes of the 21st century.
As to Russia’s involvement, it has undoubtedly a vast experience in the development of projects in Africa accumulated during Soviet times, the building of power stations and dams and creating technical training institutes. What is lacking nowadays is its ability to provide large investments, according to Shubin, “but Russian expertise and technology can still be used while carrying out internationally-financed projects in Africa.”
As to the failures, perhaps, we have to point to the lack of deep knowledge of African conditions, especially at the initial stage of the involvement which sometimes resulted in suggesting (or agreeing to) unrealistic projects, But there are good prospects for reactivating diversified cooperation, he explained.
Chronological analysis shows that Russia’s politics toward Africa under President Boris Yeltsin (1991-2001) was described as a lost decade, both in internal and external affairs, including relations with Africa.
Historical documents further show that after the Soviet collapse, there were approximately 380 projects throughout Africa. In the early 1990s, Russia swiftly exited, closed several diplomatic offices and abandoned all these and hardly any sign of Soviet-era infrastructure projects there.
Policy statements have indicated strong optimism for raising relations. , however, at least during the past decade, official reports including sparkling speeches at high-level conferences, summits and meetings indicated projects are being implemented in Africa by such leading Russian businesses as Rosneft, Lukoil, Rosgeo, Gazprom, Alrosa, Vi Holding, GPB Global Resources and Renova.
Nevertheless, it is so common to reiterate that Russia has always been on Africa’s side in the fight against colonialism. The frequency of reminding again and again about Soviet assistance, that was offered more than 60 years ago, will not facilitate the expected beneficial trade and investment ties under these new conditions. The United Nations declared Africa fully independent in 1960, and the Organization of African Unity (OAU) was formed on 25 May 1963 in Addis Ababa, Ethiopia.
Afreximbank President and Chairman of the Board of Directors, Dr Benedict Okey Oramah, says Russian officials “keep reminding us about Soviet-era” but the emotional link has simply not been used in transforming relations.
Oramah said one of Russia’s major advantages was goodwill. He remarked that even young people in Africa knew how Russia helped African people fight for independence. “So an emotional link is there,” he told Inter-Tass News Agency.
The biggest thing that happened in Africa was the establishment of the African Continental Free Trade Area (AfCFTA). That is a huge game-changer, and steps have been made lately in the African countries for creating better conditions for business development and shaping an attractive investment climate.
“Sometimes, it is difficult to understand why the Russians are not taking advantage of it? We have the Chinese, we have the Americans, we have the Germans who are operating projects…That is a very, very promising area,” Oramah said in his interview last year.
Ahead of the Sochi summit 2019, Oramah presented a report to a particular business conference that ran from 18 to 22 June, the same year, and listed spheres for possible cooperation such as finances, energy, mining, railway infrastructure, digital technologies, cybersecurity, healthcare, education, food security in Africa.
That conference saw several agreements signed including between the African Export-Import Bank (Afreximbank) and Sinara-Transport Machines JSC (STM), Transmash Holding JSC, Russian Export Center JSC, Avelar Solar Technology LLC, Chelyabinsk Pipe Plant PJSC, Kolon World Investment, and Opaia SA and the Roscongress Foundation. As far back in 2017, the Russian Export Center became Afreximbank’s third-largest non-African shareholding financial organization shareholder and is expected to contribute to the acceleration of investment, trade, and economic relations between Russia and Africa.
It is interesting to note here that the Russian business community hardly pays attention to the significance of AfCFTA which provides a unique and valuable platform for businesses to access an integrated African market of over 1.3 billion people.
The growing middle class, among other factors, constitutes a huge market potential in Africa. The African continent currently has enormous potential as a market, and some experts say it is the last business frontier.
Many African countries are enacting economic reforms, demand is growing for high-quality, competitive products. Russian businesses are interested in this niche, but Russians are extremely slow. The snail-pace approach reflects their inability to determine financial instruments for supporting trade with and investment in Africa.
Accentuating the importance of multilateral cooperation between Russia and Africa, Advisor to the President of the Russian Federation, Anton Kobyakov, said: “The current situation in the world is such that we are witnesses to the formation of new centres of economic growth in Africa. Competition for African markets is growing accordingly. There is no doubt that Russia’s non-commodity exporters will benefit from cooperating with Africa on manufacturing, technologies, finances, trade, and investment.”
Kobyakov further pointed to modern Russia, which already has experience of successful cooperation with African countries under its belt, is ready to make an offer to the African continent that will secure mutually beneficial partnership and the joint realization of decades of painstaking work carried out by several generations of Soviet and Russian people.
With its impressive relations, Russia has not pledged publicly concrete funds toward implementing its policy objectives in Africa. Moreover, Russian officials have ignored the fact that Russia’s overall economic engagement is largely staggering, various business agreements signed are still not fulfilled, with many African countries.
Agreements and business negotiations resulted in 92 agreements, contracts and memoranda of understanding. Summit documents say a total of RUB 1.004 trillion (($12.5 billion) worth of agreements were signed at that highly-praised historic summit in October 2019.
Large Russian companies have been unsuccessful with their projects, negatively reflecting the real motives for bilateral economic cooperation. There are several examples such as Rosatom in South Africa, Norrick Nickel in Botswana, Ajaokuta Steel Plant in Nigeria, Mining projects in Uganda and Zimbabwe, and Lukoil in Cameroon, Nigeria and Sierra Leone. Currently, Russia is invisible in spheres providing infrastructures in Africa.
Undoubtedly, several Russian companies have largely underperformed in Africa, experts described was primarily due to multiple reasons. Most often, Russian investors strike important investment niches that still require long-term strategies and adequate country study. Grappling with reality, there are many investment challenges including official bureaucracy in Africa.
To ensure business safety and consequently take steps to realize the primary goals, it is necessary to attain some level of understanding of the priorities of the country, investment legislations, compliance with terms of agreement and a careful study of policy changes, particularly when there is a sudden change in government.
What is abundantly clear is how to stimulate African governments into exploring investment opportunities in Russia and also Russian investors in Africa within some framework of cooperation. In order to facilitate both Russian and African economic operators’ access to each other’s markets and encourage their participation in large-scale infrastructure projects must involve taking progressive practical steps toward resolving existing obstacles.
That said, preparations for the second Russia-Africa summit are currently underway. “The Russian side aims to continue preparing the second, as well as subsequent Russian-Africa summits and aims to make them as efficient as possible. The Russian Ministry of Foreign Affairs and other ministries are taking steps to build full and mutually beneficial cooperation between Russia and the African countries, including the formation of a reliable social and economic infrastructure, food and energy security on the continent,” said Oleg Ozerov, Ambassador-at-Large and Head of the Secretariat of the Russia-Africa Partnership Forum.
Worth saying here that African leaders are waiting to cut white ribbons marking the successful completion of Russian-managed something. It is time to shift from rhetoric and move on towards implementing the package of bilateral agreements, especially those involving infrastructure investments, determining financing concrete projects and delivering on decade-old pledges to the people of Africa.
While Russian and African leaders have common positions on the global platform, there is also the need to recognize and appreciate the welfare of the 1.3 billion population, the majority impoverished, in Africa. Significant to suggest that with new horizons of the polycentric world order emerging and steadily unfolding, active engagement of the African youth, civil society leaders and active changemakers in the middle-class in policy efforts becomes necessary.
With the youth’s education, some experts are still critical. Gordey Yastrebov, a Postdoctoral Researcher and Lecturer at the Institute for Sociology and Social Psychology at the University of Cologne (Germany), argues in an email interview discussion that “education can be a tool for geopolitical influence in general, and for changing perceptions specifically, and Russia (just like any other country) could use it for that same purpose. However, Russia isn’t doing anything substantial on this front, at least there is no consistent effort with obvious outcomes that would make me think so. There are no large-scale investment programs in education focusing on this.”
He explains that Russian education can become appealing these days, but given that Russia can no longer boast any significant scientific and technological achievements. Western educational and scientific paradigm embraces cooperation and critical independent thinking, whereas this is not the case with the Russian paradigm, which is becoming more isolationist and authoritarian. Obviously, by now, Africa should look up to more successful examples elsewhere, perhaps in the United States and Europe.
As official Russia’s Ministry of Foreign Affairs website indicated – it is evident that the significant potential of the economic cooperation is far from being exhausted, much remains to be done in creating the conditions necessary for interaction between Russia and Africa. At a meeting of the Ministry’s Collegium, Lavrov unreservedly suggested taking a chapter on the approach and methods adopted by China in Africa, and that was back in 2019.
Now at the crossroad, it could be meandering and longer than expected to make the mark. Russia’s return journey could take another generation to reach its destination, Africa. With the current changing geopolitical world, Russia has been stripped of as a member of many international organizations. As a direct result of Russia’s “special military operation” aims at “demilitarization and denazification” since late February, Russia has come under a raft of sanctions imposed by the United States and Canada, the European Union, Japan, Australia, New Zealand and the host of other countries.
World
Russian-Nigerian Economic Diplomacy: Ajeokuta Symbolises Russia’s Remarkable Achievement in Nigeria
By Kestér Kenn Klomegâh
Over the past two decades, Russia’s economic influence in Africa—and specifically in Nigeria—has been limited, largely due to a lack of structured financial support from Russian policy banks and state-backed investment mechanisms. While Russian companies have demonstrated readiness to invest and compete with global players, they consistently cite insufficient government financial guarantees as a key constraint.
Unlike China, India, Japan, and the United States—which have provided billions in concessionary loans and credit lines to support African infrastructure, agriculture, manufacturing, and SMEs—Russia has struggled to translate diplomatic goodwill into substantial economic projects. For example, Nigeria’s trade with Russia accounts for barely 1% of total trade volume, while China and the U.S. dominate at over 15% and 10% respectively in the last decade. This disparity highlights the challenges Russia faces in converting agreements into actionable investment.
Lessons from Nigeria’s Past
The limited impact of Russian economic diplomacy echoes Nigeria’s own history of unfulfilled agreements during former President Olusegun Obasanjo’s administration. Over the past 20 years, ambitious energy, transport, and industrial initiatives signed with foreign partners—including Russia—often stalled or produced minimal results. In many cases, projects were approved in principle, but funding shortfalls, bureaucratic hurdles, and weak follow-through left them unimplemented. Nothing monumental emerged from these agreements, underscoring the importance of financial backing and sustained commitment.
China as a Model
Policy experts point to China’s systematic approach to African investments as a blueprint for Russia. Chinese state policy banks underwrite projects, de-risk investments, and provide finance often secured by African sovereign guarantees. This approach has enabled Chinese companies to execute large-scale infrastructure efficiently, expanding their presence across sectors while simultaneously investing in human capital.
Egyptian Professor Mohamed Chtatou at the International University of Rabat and Mohammed V University in Rabat, Morocco, argues: “Russia could replicate such mechanisms to ensure companies operate with financial backing and risk mitigation, rather than relying solely on bilateral agreements or political connections.”
Russia’s Current Footprint in Africa
Russia’s economic engagement in Africa is heavily tied to natural resources and military equipment. In Zimbabwe, platinum rights and diamond projects were exchanged for fuel or fighter jets. Nearly half of Russian arms exports to Africa are concentrated in countries like Nigeria, Zimbabwe, and Mozambique. Large-scale initiatives, such as the planned $10 billion nuclear plant in Zambia, have stalled due to a lack of Russian financial commitment, despite completed feasibility studies. Similar delays have affected nuclear projects in South Africa, Rwanda, and Egypt.
Federation Council Chairperson Valentina Matviyenko and Senator Igor Morozov have emphasized parliamentary diplomacy and the creation of new financial instruments, such as investment funds under the Russian Export Center, to provide structured support for businesses and enhance trade cooperation. These measures are designed to address historical gaps in financing and ensure that agreements lead to tangible outcomes.
Opportunities and Challenges
Analysts highlight a fundamental challenge: Russia’s limited incentives in Africa. While China invests to secure resources and export markets, Russia lacks comparable commercial drivers. Russian companies possess technological and industrial capabilities, but without sufficient financial support, large-scale projects remain aspirational rather than executable.
The historic Russia-Africa Summits in Sochi and in St. Petersburg explicitly indicate a renewed push to deepen engagement, particularly in the economic sectors. President Vladimir Putin has set a goal to raise Russia-Africa trade from $20 billion to $40 billion over the next few years. However, compared to Asian, European, and American investors, Russia still lags significantly. UNCTAD data shows that the top investors in Africa are the Netherlands, France, the UK, the United States, and China—countries that combine capital support with strategic deployment.
In Nigeria, agreements with Russian firms over energy and industrial projects have yielded little measurable progress. Over 20 years, major deals signed during Obasanjo’s administration and renewed under subsequent governments often stalled at the financing stage. The lesson is clear: political agreements alone are insufficient without structured investment and follow-through.
Strategic Recommendations
For Russia to expand its economic influence in Africa, analysts recommend:
- Structured financial support: Establishing state-backed credit lines, policy bank guarantees, and investment funds to reduce project risks.
- Incentive realignment: Identifying sectors where Russian expertise aligns with African needs, including energy, industrial technology, and infrastructure.
- Sustained implementation: Turning signed agreements into tangible projects with clear timelines and milestones, avoiding the pitfalls of unfulfilled past agreements.
With proper financial backing, Russia can leverage its technological capabilities to diversify beyond arms sales and resource-linked deals, enhancing trade, industrial, and technological cooperation across Africa.
Conclusion
Russia’s Africa strategy remains a work in progress. Nigeria’s experience with decades of agreements that failed to materialize underscores the importance of structured financial commitments and persistent follow-through. Without these, Russia risks remaining a peripheral player (virtual investor) while Arab States such as UAE, China, the United States, and other global powers consolidate their presence.
The potential is evident: Africa is a fast-growing market with vast natural resources, infrastructure needs, and a young, ambitious population. Russia’s challenge—and opportunity—is to match diplomatic efforts with financial strategy, turning political ties into lasting economic influence.
World
Afreximbank Warns African Governments On Deep Split in Global Commodities
By Adedapo Adesanya
Africa Export-Import Bank (Afreximbank) has urged African governments to lean into structural tailwinds, warning that the global commodity landscape has entered a new phase of deepening split.
In its November 2025 commodity bulletin, the bank noted that markets are no longer moving in unison; instead, some are powered by structural demand while others are weakening under oversupply, shifting consumption patterns and weather-related dynamics.
As a result of this bifurcation, the Cairo-based lender tasked policymakers on the continent to manage supply-chain vulnerabilities and diversify beyond the commodity-export model.
The report highlights that commodities linked to energy transition, infrastructure development and geopolitical realignments are gaining momentum.
For instance, natural gas has risen sharply from 2024 levels, supported by colder-season heating needs, export disruptions around the Red Sea and tightening global supply. Lithium continues to surge on strong demand from electric-vehicle and battery-storage sectors, with growth projections of up to 45 per cent in 2026. Aluminium is approaching multi-year highs amid strong construction and automotive activity and smelter-level power constraints, while soybeans are benefiting from sustained Chinese purchases and adverse weather concerns in South America.
Even crude oil, which accounts for Nigeria’s highest foreign exchange earnings, though still lower year-on-year, is stabilising around $60 per barrel as geopolitical supply risks, including drone attacks on Russian facilities, offset muted global demand.
In contrast, several commodities that recently experienced strong rallies are now softening.
The bank noted that cocoa prices are retreating from record highs as West African crop prospects improve and inventories recover. Palm oil markets face oversupply in Southeast Asia and subdued demand from India and China, pushing stocks to multi-year highs. Sugar is weakening under expectations of a nearly two-million-tonne global surplus for the 2025/26 season, while platinum and silver are seeing headwinds from weaker industrial demand, investor profit-taking and hawkish monetary signals.
For Africa, the bank stresses that the implications are clear. Countries aligned with energy-transition metals and infrastructure-linked commodities stand to benefit from more resilient long-term demand.
It urged those heavily exposed to softening agricultural markets to accelerate a shift into processing, value addition and product diversification.
The bulletin also called for stronger market-intelligence systems, improved intra-African trade connectivity, and investment in logistics and regulatory capacity, noting that Africa’s competitiveness will depend on how quickly governments adapt to the new two-speed global environment.
World
Aduna, Comviva to Accelerate Network APIs Monetization
By Modupe Gbadeyanka
A strategic partnership designed to accelerate worldwide enterprise adoption and monetisation of Network APIs has been entered into between Comviva and the global aggregator of standardised network APIs, Aduna.
The adoption would be done through Comviva’s flagship SaaS-based platform for programmable communications and network intelligence, NGAGE.ai.
The partnership combines Comviva’s NGAGE.ai platform and enterprise onboarding expertise with Aduna’s global operator consortium.
This unified approach provides enterprises with secure, scalable access to network intelligence while enabling telcos to monetise network capabilities efficiently.
The collaboration is further strengthened by Comviva’s proven leadership in the global digital payments and digital lending ecosystem— sectors that will be among the biggest adopters of Network APIs.
The NGAGE.ai platform is already active across 40+ countries, integrated with 100+ operators, and processing over 250 billion transactions annually for more than 7,000 enterprise customers. With its extensive global deployment, NGAGE.ai is positioned as one of the most scalable and trusted platforms for API-led network intelligence adoption.
“As enterprises accelerate their shift toward real-time, intelligence-driven operations, Network APIs will become foundational to digital transformation. With NGAGE.ai and Aduna’s global ecosystem, we are creating a unified and scalable pathway for enterprises to adopt programmable communications at speed and at scale.
“This partnership strengthens our commitment to helping telcos monetise network intelligence while enabling enterprises to build differentiated, secure, and future-ready digital experiences,” the chief executive of Comviva, Mr Rajesh Chandiramani, stated.
Also, the chief executive of Aduna, Mr Anthony Bartolo, noted that, “The next wave of enterprise innovation will be powered by seamless access to network intelligence.
“By integrating Comviva’s NGAGE.ai platform with Aduna’s global federation of operators, we are enabling enterprises to innovate consistently across markets with standardised, high-performance Network APIs.
“This collaboration enhances the value chain for operators and gives enterprises the confidence and agility needed to launch new services, reduce fraud, and deliver more trustworthy customer experiences worldwide.”
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