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Russia Assures Equatorial Guinea Strong Trade, Economic Ties

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Russia Equatorial Guinea

By Kestér Kenn Klomegâh

Russian President, Mr Vladimir Putin, has held talks with the Equatorial Guinean President, Mr Teodoro Obiang Nguema Mbasogo, who was in Moscow on an official working visit.

The visit could be characterized as historic and interpreted as one major step to broadly review the political situation in the Central African region, and specifically assess the prospects for deepening bilateral cooperation between Russia and Equatorial Guinea.

As the current rotating Chairman of the Economic Community of Central African States (ECCAS), the regional economic bloc uniting Cameroon, the Central African Republic, Chad, the Republic of Congo, Equatorial Guinea, Gabon, and São Tomé and Principe, Teodoro Obiang Nguema’s task, among others, is to oversee political governance and developments relating to regional integration within the seven-nation bloc.

Teodoro Obiang Nguema was at the residence Novo-Ogaryovo on November 2 as part of his scheduled trip to the Russian capital and held talks with President Putin.

According to official reports from the Kremlin’s website, the negotiations began with a tete-a-tete conversation between the leaders. Then international consultations continued in an expanded format with the participation of members of the delegations of the two countries, Russia and Equatorial Guinea.

According to Putin, Russia and Equatorial Guinea have many overlapping mutual interests. Russia’s relations with Africa are developing very intensively, as evidenced by the results of the Russia-Africa summit held in St. Petersburg.

During that summit, delegates from Equatorial Guinea held a number of serious meetings with Russian oil and gas and mining companies. But now, for Russia and Equatorial Guinea, the other priority is to focus on developing trade and economic ties.

The interest and opportunities for developing economic relations are good, as Russian companies look forward to working in Africa.

“We also talked about security issues, about relations with the countries of the region. We agreed on what and how we will do further in this area,” Putin underscored in his speech.

Taking his turn, Teodoro Obiang Nguema expressed appreciation for the invitation and further emphasized the fact that the world is facing enormous challenges in the area of international security. Obviously, Russia is a traditional and strategic partner of Equatorial Guinea and the African continent.

“And we must keep in mind that Russia contributed and fought for the liberation of African states to achieve political independence. This struggle should not be forgotten. Therefore, at the moment, especially at the UN level, when they want to take certain measures, Equatorial Guinea always votes against such proposals,” the Equatorial Guinean President told Putin.

Clearly, Africa is being heavily exploited at the moment. Africa needs to develop. More than a century has passed since Africa achieved independence, but the entire continent is still underdeveloped economically. Not because Africa cannot develop but because the natural resources are being used – are being exploited. And this hinders Africa’s development, he explained and added that, “Therefore, when Russia promises to send its businessmen to help Africa develop, we can only say: let them come. And Equatorial Guinea accepts this proposal with satisfaction.”

In addition, the Russian government has decided to reopen its embassy in Equatorial Guinea. Practical cooperation between Russia and Equatorial Guinea will then receive a fresh impetus, and facilitate the expansion of cooperation.

There are signs that Equatorial Guinea intends to expand defence cooperation with Russia. The implication is that this will lead to political development not only in Equatorial Guinea but also in Central Africa as the region faces security challenges in the Gulf of Guinea.

In addition, Africa is currently suffering from the activities of terrorists. Russia, as a key partner of Africa, must monitor the security of African countries so that they continue to fight against their weak level of development.

From experts’ analysis, Russia’s relations with Equatorial Guinea are only seeing real development now despite previously concluded agreements in various fields. For example, there have been no dynamics in trade turnover over the past 20 years, Nikita Panin, program coordinator at the Russian International Affairs Council and researcher at the Centre for African Studies at the Higher School of Economics (HSE University), told Financial Izvestia. According to him, the sides may have touched on cooperation in healthcare and education because students from Equatorial Guinea are already attending universities in Russia.

Later, the delegation had wider separate discussions. The agenda included the state and prospects of bilateral cooperation in various fields, as well as issues of developing Russia’s relations with the countries of the Central African region, taking into account Equatorial Guinea’s chairmanship of the Economic Community of Central African States (ECCA). But seemingly, Russia might not be keen on forging closer cooperation with the regional bloc as this particular organization is rather too weak compared to other subregional groups. Worse, these central African countries have sharply differing approaches to international agenda, further economic development and even disparities in the political environment.

Participants in Russian-Equatoguinean negotiations (in expanded format) were listed as follows: Teodoro Obiang Nguema Mbasogo – President of the Republic of Equatorial Guinea, Simeon Oiono Esono Angué – Minister of Foreign Affairs, International Cooperation and Diaspora Affairs of the Republic of Equatorial Guinea, and Alejandro Evuna Ovono Asangono – Minister of State for Special Assignments under the Administration of the President of the Republic of Equatorial Guinea.

Job Obiang Esono Mbengono – Minister for the Civil Service Cabinet under the Administration of the President of the Republic of Equatorial Guinea, Victoriano Bibang Nsue Okomo – Minister of National Defense of the Republic of Equatorial Guinea, Teodoro Biyogo Nsue Okomo – Assistant to the President of the Republic of Equatorial Guinea for Protocol Issues and Luciano Nkogo Ndong Ayekaba – Ambassador Extraordinary and Plenipotentiary of the Republic of Equatorial Guinea to the Russian Federation.

From the Russian side: Sergey Viktorovich Lavrov – Minister of Foreign Affairs of the Russian Federation, Alexey Logvinovich Overchuk – Deputy Prime Minister of the Russian Federation, Dmitry Sergeevich Peskov – Deputy Head of the Administration of the President of the Russian Federation, and Press Secretary of the President of the Russian Federation and Yuri Viktorovich Ushankov – Assistant to the President of the Russian Federation.

Nikolay Grigorievich Shulginov – Minister of Energy of the Russian Federation, Dmitry Evgenievich Shugaev – Director of the Federal Service for Military-Technical Cooperation, Alexander Vasilievich Fomin – Deputy Minister of Defense of the Russian Federation, Sergey Nikolaevich Gorkov – General Director of JSC Rosgeologiya and Alexander Alexandrovich Mikheev – General Director of JSC Rosoboronexport.

The two countries signed business agreements, including a declaration of intent on partnership in the field of mining. In many respects, both parties’ lengthy discussions highlighted the teething insecurity arising from political opposition and militant groups and development challenges facing countries in the region.

Russia has severally expressed concern over the growing diplomatic activity, examined possible ways to work collectively for economic development and to improve the lack of large-scale infrastructure to position the private sector as the primary engine for job creation.

At the meeting both parties identified commitment as the fundamental step along the path to the development in Equatorial Guinea, its regional integration which is essential for the economies of that zone in central Africa.

Teodoro Obiang Nguema currently heads the Economic Community of Central African States (ECCAS), a regional bloc that includes members such as Cameroon, the Central African Republic, Chad, the Republic of Congo, Equatorial Guinea, Gabon, and São Tomé and Principe.

Teodoro Obiang Nguema Mbasogo is an Equatoguinean politician and former military officer who has served as the second president of Equatorial Guinea since the overthrow of his uncle on August 3, 1979, in a bloody coup d’état. He is the longest-serving president of any country ever and the second-longest consecutively-serving current non-royal national leader in the world (after Paul Biya in Cameroon).

Teodoro Obiang Nguema’s rule was at first considered more humane than that of his uncle. By some accounts, however, it has become increasingly brutal, and has bucked the larger trend toward greater democracy in Africa. According to most domestic and international observers, he leads one of the most corrupt, ethnocentric and repressive regimes in the world.

Several international groups have called for Teodoro Obiang Nguema to observe the following:

* to increase fiscal transparency and accountability by publishing all government revenues, conducting and publishing annual audits of government accounts, including those abroad, and forcing officials to declare assets.

* disclose natural resource revenues, greatly increase spending to alleviate poverty, uphold political freedoms and rights

* to allow judicial practices to meet international standards and cease harassing and hindering his critics and further to allow foreign inspectors and groups to travel freely, unhindered and unharassed.

The constitution grants Obiang sweeping powers, including the power to rule by decree. The economy of this small nation continued to struggle under President Obiang, with the country depending mostly on foreign aid to pay its bills. This changed in 1995 when Exxon-Mobil, the American oil giant, discovered oil in the country. Massive offshore discoveries over the past decade have boosted oil to about 380,000 barrels per day, ranking Equatorial Guinea behind only Nigeria and Angola among Sub-Saharan African producers.

In Equatorial Guinea, despite its natural resources, the majority of the estimated 1.5 million population wallows in abject poverty. Subsistence farming predominates, with shabby infrastructure in the country. Equatorial Guinea consists of two parts, an insular and a mainland region. Equatorial Guinea is the third-largest oil producer in sub-Saharan Africa.

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A7 African Cargo Lines Connecting West Africa With Russia

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A7 African Cargo Lines

By Kestér Kenn Klomegâh

Today, boosted by the Kremlin’s diplomatic push and support from the Ministry of Foreign Affairs’ Department of Partnership, Russian companies are moving with multitude of development projects and corporate entrepreneurial investments into Africa. St. Petersburg summit has also charted the roadmap cum well-designed strategies for boosting the entire bilateral economic cooperation with the continent whose endowed resources include the huge human capital.

The geography of Russia-African economic cooperation is steadily expanding. As previously reported, the Russian Industry and Trade Ministry, since the beginning of 2025, approximately 150 Russian companies have moved into Africa. And with Africa, ready to engage in priority partnerships, the Russian registered company called A7 African Cargo Lines LLC (A7 ACL, Moscow) has started its logistics and shipping services to West Africa. According to the Unified State Register of Legal Entities, A7 African Cargo Lines LLC (A7 ACL, Moscow), was registered on April 17, and has its primary activity listed as railway freight transportation.

“We intend to operate in West Africa,” the Board Chairman Andrei Severilov, told Interfax regarding the company’s establishment. “At the first stage, with the assistance of the Russian trade mission in Nigeria, we are implementing a project to establish a direct shipping line,” Severilov said. According to the news report, the launch of a maritime route between Novorossiysk and Nigeria’s port of Lagos is planned for mid-June, with two container ships chartered for the line’s inauguration, each with a capacity of 700 twenty-foot equivalent units (TEU). Future plans also include establishing maritime connections with Senegal (Dakar port).

Severilov previously owned a 23.8% stake in PJSC Far Eastern Shipping Company (FESCO, the parent company of FESCO Transportation Group). In September 2024, Severilov announced his intention to re-enter the transportation business and established the asset management company A7 African Cargo Lines LLC (A7 ACL, Moscow), with a focus on Africa and primarily targeting to get substantive returns, in terms of, profits. It’s unique decision to take up logistics connecting Africa’s transport market is poised for significant trade growth, by transporting goods across the region and for exports to Europe.

By building a new shipping line that would connect the West Africa, first through Nigeria promises raising trade. Nigeria is Africa’s most populous nation and its largest economy. Nigeria is a key member of the African Continental Free Trade Area (AfCFTA), which is fostering intra-African trade and economic integration. In addition to above factors, Russian companies are showing increased interest in Nigeria, for example in reviving the countries largest steel plant. There is also interest in investing in Nigeria’s energy sector.

Undoubtedly, establishing A7 African Cargo Lines LLC (A7 ACL, Moscow) could be an explicit opportunity for promoting trade by its logistics infrastructure. Reports indicate that Russia’s exports to Nigeria currently amount to about $1.51 billion, mainly consisting of refined petroleum, wheat, and malt, while Nigeria exports a small amount to Russia, primarily cut flowers, other oily seeds, and nuts.

Further to that, the overall Africa’s trade statistics at the end 2024, soared to a record of $24.5 billion from the previous figure, approximate $20 billion that came up during the special panel discussions in 2023 when the second Russia-Africa summit was held in St. Petersburg, the second largest city in the Russian Federation.

By the next Russia-Africa summit slated for 2026, with high anticipation of more Russian enterprises dominating the African landscape, in spite of the existing complexities and challenges would extend or broaden the sphere of economic influence in the context of geopolitical power shifts being capitulated by the Western powers and President Donald Trump of the United States.

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Conclave to Elect New Pope Commences May 7

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St Mary Catholic Church

By Adedapo Adesanya

The leadership of the Catholic church should announce a successor to the late Pope Francis on May 7.

A new Pope will be elected via a conclave, which involves a secret voting system.

This was initially supposed to hold on May 5 but was delayed for two days to help the cardinal electors get to know one another better and find consensus on a candidate before they are sequestered in the Sistine Chapel.

The cardinals set the date after arriving for the first day of informal meetings following Pope Francis’ funeral on Saturday.

The College of Cardinals that will elect a new pope includes members from far-flung corners of the globe whom Pope Francis named over his 12-year papacy to bring in new points of views of the Catholic Church hierarchy.

According to reports, 135 cardinal electors — 108 of whom were appointed by the late Pope Francis — don’t know each other very well.

The last 20 were appointed in early December.

Only cardinals under 80 are eligible to vote, and it is not clear how many of the 135 will participate.

Who Could Be The Next Pope?

Some candidates have emerged and Business Post has gathered from several sources of the possible candidates that could emerge as the new Pope.

Italian Cardinal Pietro Parolin, the Vatican’s Secretary of State, is recognized for his diplomatic skills and is viewed as a moderate who could continue Pope Francis’ policies, although his involvement in a €200 million investment scandal may affect his candidacy.

Cardinal Matteo Zuppi, also from Italy, serves as the Archbishop of Bologna and is known for his focus on inclusivity and social justice, aligning closely with Francis’ pastoral approach.

Cardinal Pierbattista Pizzaballa, the Latin Patriarch of Jerusalem, has demonstrated a commitment to interfaith dialogue and peace efforts in the Middle East, and his selection would make him the youngest pope since John Paul II.

From the Philippines, Cardinal Luis Antonio Tagle is considered a rising star within the Church, known for his humility and compassionate outreach, particularly towards marginalized communities.

Cardinal Robert Sarah of Guinea is a prominent conservative voice, advocating for traditional Catholic teachings and liturgical practices, appealing to those seeking a return to doctrinal orthodoxy.

Hungarian Cardinal Péter Erdő is another leading conservative candidate, noted for his strong doctrinal stance and experience within the Church’s hierarchy.

Swedish Cardinal Anders Arborelius, the Bishop of Stockholm, is the first cardinal from Scandinavia and is known for his ecumenical efforts and commitment to dialogue within the Church.

Cardinal Fridolin Ambongo Besungu of the Democratic Republic of the Congo is an outspoken critic of liberal teachings within the Church, representing a conservative perspective from the Global South.

Dutch Cardinal Wim Eijk, a former medical doctor, is known for his conservative views, particularly on issues related to marriage and family, and his opposition to Pope Francis’ liberal approach.

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Pope Francis Dies at 88 After Protracted Illness

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By Adedapo Adesanya

Pope Francis has died at the age of 88 after battling illness in the last couple of months.

The Vatican announced his demise on Monday morning, a day after Easter.

The pontiff, who was Bishop of Rome and head of the Catholic Church, became pope in 2013 after his predecessor, Benedict XVI resigned.

His death was announced by Cardinal Kevin Farrell in a statement released by the Vatican.

He said: “Dearest brothers and sisters, with deep sorrow I must announce the death of our Holy Father Francis.

“At 7.35am this morning, the Bishop of Rome, Francis, returned to the house of the Father. His entire life was dedicated to the service of the Lord and His Church.

“He taught us to live the values of the Gospel with fidelity, courage and universal love, especially in favour of the poorest and most marginalised.

“With immense gratitude for his example as a true disciple of the Lord Jesus, we commend the soul of Pope Francis to the infinite merciful love of the One and Triune God.”

The process for choosing a new pope – conclave – generally takes place between 15 and 20 days after the death of a pontiff.

Cardinals from around the world will gather in the Vatican and choose the new leader of the Catholic church.

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