World
Russia Building Egypt’s Nuclear Power Plants
By Kestér Kenn Klomegâh
At the last international parliamentary conference, Russia – Africa in a Multipolar World, held on March 20 under the auspices of the State Duma of the Russian Federal Assembly, Russian President Vladimir Putin indicated in his speech that the partnership between Russia and African countries has gained additional momentum and is reaching a whole new level, and further added that “Russia would continue helping African countries with electricity production, which so far covers only a quarter of the continent’s needs.”
According to the transcript made available on the Kremlin website, Russia is offering new environmentally friendly technologies, primarily in nuclear energy. Rosatom is already building a nuclear power plant in Egypt and plans to expand its involvement in the development of the national energy systems of the African continent. And that Russia, in some countries, would provide 100 per cent funding for these nuclear projects.
In early February 2015, President Putin and President Abdel Fattah el-Sisi signed an agreement to set up a nuclear plant in Dabaa, on the Mediterranean coast west of the port city of Alexandria, where a research reactor has stood for years. The deal was signed after a comprehensive bilateral discussion was held, and both expressed high hopes that Russia would help construct the country’s first nuclear facility.
The Egyptian Ministry of Electricity and Renewable Energy first signed the agreement on the development of the nuclear plant construction project in February 2015 with Russia’s Rosatom. The agreement indicates the construction of four power blocks, each with 1,200 megawatts of capacity.
Sergei Kiriyenko, then the head of Rosatom, said at that time that as soon as the technical and commercial details of the project were finalized, sources of finance would be worked out or considered. Its estimated cost, at the time, was $12.5 billion, and the plans were to undertake the construction with the help of foreign investors.
After several negotiations and renegotiations since 2015, Russia finally resigned from the contract for nuclear construction during first Russia – Africa summit. Seated in a sizeable conference hall on October 23, Russian President Vladimir Putin and Egyptian President Abdel Fattah el-Sisi reaffirmed their commitment to scale-up cooperation in various economic sectors and particularly expedited work on the special industrial zone and the construction of proposed four nuclear power plants, raising hopes for an increased power supply in Egypt.
Egypt attaches great importance to its relations with Russia. But what is particularly important for their bilateral relations, Abdel el-Sisi assertively reminded: “As for the nuclear power plant, we set a high value on our bilateral cooperation. We strongly hope that all topics related to this project will be settled without delay so that we can start implementing the project in accordance with the signed contract. Mr President, we hope that the Russian side will provide support to nuclear energy facilities in Egypt so that we can work and act in accordance with the approved schedule.”
Rosatom’s Director General, Alexey Likhachev, also emphasized at the first Russia-Africa summit that Rosatom has been cooperating with more than 20 African countries. In fact, Rosatom has shown business interest in Africa. Over the past two decades, at least, it has signed agreements that promised the construction of nuclear energy plants and the training of specialists for these countries.
Desirous of showing some policy achievements at the forthcoming second Russia-Africa summit rescheduled for late July 2023, Russians are rushing to lay the first concrete for the second unit of the El Dabaa Nuclear Power Plant in the Arab Republic of Egypt.
The total cost of construction is fixed at $30 billion. The parties signed an agreement to provide Egypt with a loan of $25 billion for the construction of the nuclear power plant, which covers 85% of the work. The remaining expenses will be covered by the Egyptian side by attracting private investors. Under the agreement, Egypt is to start payments on the loan, which is provided at 3% per annum, in October 2029.
El-Dabaa is the first nuclear power plant in Egypt and the first major project of Rosatom in Africa. Egyptian media have quoted the Head of the Egyptian Nuclear Power Plants Authority, Amjad Al-Wakeel, as saying concrete was laid for the second reactor in November 2022.
According to the project estimates by Rosatom, construction of all four NPP units is planned for completion by 2028-2029. The description made available on its website, State Atomiс Energy Corporation, popularly referred to as Rosatom, is a global leader in nuclear technologies and nuclear energy.
Our monitoring and research show that Russia and Egypt signed an intergovernmental agreement on the construction of an NPP far back in November 2015. The contract for the engineering, procurement, and construction of the El Dabaa NPP was signed on December 31, 2016. But the loan was made available only in 2022.
In his speech at the parliamentarians conference, Putin referred to “large Russian investment projects are being implemented in Africa, and will continue to help African countries with electricity production, which so far covers only a quarter of the continent’s needs.”
Long before this event, many experts criticized Russia’s policy in Africa. For instance, writing under the title “Russia’s Policy Towards Africa” back in September 2019, Institute of African Studies researcher Olga Kulkova explicitly noted that Russia had strengthened its presence in Africa over the past few years. It has signed new agreements with several countries there, including cooperation in the field of military technology, security and counterterrorism.
“This has reinforced Russia’s traditionally friendly ties with its African partners after its sudden withdrawal from Africa in the early 1990s, which was, indeed, a strategic blunder. But, Russian authorities have become fully aware of these primary policy mistakes. Now is the time to revitalize and rebuild the old ties, and also important to forge new ones. Russia’s policy towards Africa can be described as unique, but it has fewer financial and economic opportunities for implementing its policy on the continent compared to that of China,” Olga Kulkova wrote in her report.
According to reports, Russia has also signed for such construction of nuclear plants in a number of African countries but has been unsuccessful in implementing its side of the agreements during the past decade. These include agreements with Algeria (2014), Ghana (2015), Ethiopia (2019), the 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.
Ryan Collyer, the Regional Vice-President of Rosatom for Sub-Saharan Africa, told this author 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.
According to him, with reference to Egypt, the plan is to commission four power units with VVER-1200 type reactors with a capacity of 1200 MW each by 2028. “We will supply nuclear fuel throughout the entire NPP life cycle (60 years), provide training services, and carry out maintenance and repairs within ten years after each unit’s start. With our initial agreement signed in 2015 and necessary infrastructure still being put in place, the El Dabaa project is firmly underway,” he said.
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.
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.
With over 100 million population, Egypt is the most populous country in North Africa, popularly referred to as the Maghreb region and part of the Arab World. Egypt is the third most populous country after Nigeria and Ethiopia in Africa. About half of Egypt’s population lives in urban areas, mostly spread across the densely populated centres of greater Cairo, Alexandria and other major cities along the Nile Delta.
Many policy researchers and analysts have written about Russia’s financial capabilities in implementing bilateral policy projects in Africa. Their common observations are that for the past three decades since the collapse of the Soviet era, Russia has not been a major economic giant in Africa compared to Western and European countries and Asian partners such as China.
During these several years, Russia’s grandiose economic diplomacy has had few tangible results. Many more important issues have received little attention since the first African leaders’ summit. Its policy model is limited to military-technical cooperation. With the current evolving geopolitical processes, stringent sanctions due to its ‘special military operation’ and its focus on these, Russia is unlikely to commit high financial resources to the development challenges facing African countries.
South African Institute of International Affairs (SAIIA), a policy think tank, suggested in its recent latest report that Africa needs to forge a unified approach to Russia before the 2023 Russia-Africa summit. It highlighted the need to develop a Russian continental strategy to avoid becoming a pawn in global power games.
Perhaps, the most important way forward is for African countries to work in cooperation with one another. Thus, developing relationships beyond short-term impact is critical to ensure other global powers’ interests do not dominate the continent. Overcoming passivity could involve the following steps: Africa urgently needs a Russia strategy. To that end, the African Union (AU) can – and should – engage with its members in a more structured manner and help them put together joint positions on critical issues related to Russia and other partners, like the United States, China, Europe and others.
By Adedapo Adesanya
The Pan-African Payments and Settlement System (PAPSS), a pan-African payments infrastructure provider designed to facilitate trade on the continent is piloting an African currency market platform to boost commerce across borders in the region.
According to its chief executive, Mr Mike Ogbalu, the service backed by 15 central banks on the continent, expects to add the platform later this year.
He said this will complement its payments infrastructure that it says is currently integrated with 150 commercial banks.
“The rates will be market driven, and our system is able to do a matching based on the rates offered by the different participants in our ecosystem,” the CEO of PAPSS, told Reuters in an interview from Cairo.
The Africa Currency Marketplace, as the platform will be known, will allow parties to exchange local currencies directly, Mr Ogbalu said.
Africa has faced challenges in its foreign exchange markets with challenges ranging around liquidity.
Already, South Africa and Nigeria dominate geographically and much of the wider trading centre around local and hard currency pairs. Those seeking other African currencies must typically secure Dollars first.
However, the region has also seen some major currency reforms with countries such as Nigeria, Egypt and Ethiopia pushing ahead with efforts to move to more market-based regimes.
There have been frequent case of companies not being able to repatriate their revenue from other countries in the region, whenever violence or economic problems cause Dollar shortages in markets like South Sudan or the Central African Republic.
Mr Ogbalu cited the example of an Ethiopian airline selling Naira-denominated tickets in Nigeria, which could then exchange its naira revenue with a Nigerian company trading in Ethiopia using the Birr.
“Our system will intelligently match them and then party A will get Naira in Nigeria and party B will get birr in Ethiopia. The transaction just completes without any third-party currency being involved at all,” Mr Ogbalu said.
He also noted that companies operating in the region have been forced to take a write down every financial year to account for currency revaluations in markets with volatile currencies.
He added that others have invested in assets like real estate to try to preserve the value of their assets in such markets.
There have been attempts to use cryptocurrencies like Bitcoin to get around that problem but their usage is still low, partly due to lack of legal frameworks to support their use in markets like Kenya.
“Those are some of the things we think that this African currency marketplace will unlock,” he said.
By Kestér Kenn Klomegâh
On March 6, 2025, the State Duma of the Federal Assembly of the Russian Federation hosted the roundtable Information Bridge: Russia – Africa.
The event was organized by the Expert Council on Development and Support of Comprehensive Partnership with African Countries under the Deputy Chairman of the State Duma of the Russian Federation, Alexander M. Babakov, and the Afro-Russian Energy Association.
Representatives from the Russian Ministry of Foreign Affairs, leading Russian and African journalists and editors, well-known bloggers, media company officials from both Russia and Africa, information security specialists, and representatives from analytical centers and research organizations participated in the roundtable.
The event was moderated by Nikolai Novichkov, a deputy of the State Duma of the Federal Assembly of the Russian Federation and Deputy Chairman of the Expert Council. The co-moderator was Yulia Berg, head of the Globus expert club and co-author of the GlobalInsights program on Pan-African television.
Participants of the discussion developed specific proposals and recommendations on using media and the blogosphere to promote Russian-African projects, initiatives, and to expand cooperation between Russia and African countries in the field of media communications.
The event was opened by Alexander Babakov, Deputy Chairman of the State Duma of the Federal Assembly of the Russian Federation and Chairman of the Expert Council on Development and Support of Comprehensive Partnership with African Countries. He emphasized that the issues in media communication between Russia and Africa cannot be resolved without state participation.
“We will certainly, at least within the framework of the State Duma, look for mechanisms that would primarily prioritize state influence and create conditions under which our state’s information agenda could be implemented. There are many institutes and resources available for this. We need to approach them very carefully and seriously today,” said Babakov.
Maria Zakharova, the official representative of the Ministry of Foreign Affairs, highlighted the existing problems in the media field between Russia and Africa:
“The network of correspondents of Russian and African media has the potential to develop, but it is insufficient. There are no accredited African media in Russia. Interaction with local correspondents exists, but African journalists visit Russia episodically, mainly for major events. Against the backdrop of French and English-speaking media influence and a lack of Russian content, the African audience gets a distorted view of Russia and bilateral cooperation.”
Zakharova also proposed ways to resolve the issues in establishing media relations:
“It is important to continue contacts between Russian and African media. Strengthening cooperation through educational programs, press tours, and major media conferences is essential. Africa’s population is 1.5 billion, half of whom are under 20 years old. This is an age when people want to learn, set goals, and break into the world. Modern technologies create an information environment that cannot be overlooked. We have achievements, but we need more.”
Irina Abramova, Director of the Institute for African Studies of the Russian Academy of Sciences, made several proposals to develop media relations between Russia and Africa:
“It is crucial for journalists to understand Africa to avoid mistakes. We are ready to give lectures and cooperate to improve literacy in covering African topics. In large countries, media should broadcast not only in capitals but also in provinces, addressing educational issues as 50% of Africa’s population is under 20 years old.”
“Furthermore, it is important to bring African bloggers to show the reality of Russia and unite efforts to expand the themes and understanding of mutual interests. Africa is young, open to new things, and should not be portrayed only as a poor and hungry territory,” concluded Abramova.
Louis Gowend, Chair of the Commission for African Diaspora Relations and Public Relations at the Russia-Africa Club of Lomonosov Moscow State University, expressed the viewpoint that Irina Olegovna Abramova’s idea of creating a unified information space between Russia and Africa should be implemented.
However, to achieve this, as emphasized by Artur Kureev, Editor-in-Chief of “African Initiative,” it is first necessary to unify all resources and media related to Africa to establish a cohesive agenda. Artur Sergeevich added that a comprehensive strategy and understanding are necessary to determine the most effective way to engage with the African audience. It’s also crucial to assist the African infrastructure and develop it on a Russian foundation, including technological projects for internet development.
Kinfu Zenebe, head of African diasporas, stated that collaboration with media should focus on African media representatives in the Russian Federation. He suggested that the Russian Ministry of Foreign Affairs facilitate accreditation for representatives of African media in the Russian Federation. Through a mechanism, African countries should also be allowed to establish small bureaus in Moscow, which would serve as a strategic step towards strengthening strong diplomatic ties.
Cameroonian journalist and member of the Globus expert club, Clarissa Waidorven, highlighted the role of media in strengthening Russian-African ties, emphasizing that coverage of these relations in the global media landscape requires attention to both traditional and new media.
“Western media actively influence African narratives by enticing local bloggers. Russia should strategically use media platforms to advance its interests, creating a positive image through media diplomacy.”
Svyatoslav Shchegolev, Head of African Content Production at RT, emphasized the broadcasting challenges in delivering the Russian perspective to the audience:
“Today in Africa, they are finding new ways to convey information to viewers, sometimes in spite of Western pressure. There is a great deal of attention and willingness to cooperate directly from African media. In several countries, this includes state television channels.”
Victoria Smorodina, Editor-in-Chief of International Reporters, provided recommendations for France on “surviving” on the African continent:
“France needs to rethink its information warfare strategy in Africa, acknowledging the break from past influence. Instead of opposing pan-African demands, it should support the creation of an independent Africa by developing local media, culture, cinema, and theater.”
According to the Editor-in-Chief, this approach will help counter the influence of Turkey, the USA, and other powers.
“France’s defeat in the information sphere should stimulate the development of a new doctrine that combines cognitive sovereignty defense with offensive tools. Partnerships with private companies, a legal framework, and structures are needed to regulate information operations,” she argued.
Andrey Gromov, Executive Secretary of the Board of the African-Russian Energy Association (AREA), summarized the roundtable by presenting the resolution’s provisions containing specific recommendations on measures to stimulate Russian-African cooperation in the information sphere.
“We know of many business projects that simply fell apart because there wasn’t enough coverage. We didn’t understand from our side the contribution of the Russian Federation,” he stressed. Following the roundtable, recommendations were sent to the Government of the Russian Federation, in particular to develop and implement a comprehensive program to promote a positive image of Russia in African countries and to counteract the spread of disinformation about Russia in African media.
By Adedapo Adesanya
Global food prices rose in February 2025, driven by higher sugar, dairy and vegetable oil price, a report from the United Nations Food and Agriculture Organisation (FAO) has revealed.
It was revealed that the FAO Food Price Index (FFPI) averaged 127.1 points in February 2025, up 2.0 points (1.6 per cent) from its revised January level.
While the meat price index remained stable, all other price indices rose, with the most significant increases recorded for sugar, dairy and vegetable oils.
The overall index was 9.7 points (8.2 per cent) higher than its corresponding level one year ago; however, it remained 33.1 points (20.7 per cent) below the peak reached in March 2022.
The FAO Cereal Price Index averaged 112.6 points in February, rising by 0.8 points (0.7 per cent) from January but remaining 1.2 points (1.1 per cent) below its February 2024 level.
Wheat export prices increased month-on-month, driven by tighter domestic supplies in the Russian Federation, which constrained export volumes and shifted demand to other suppliers, adding upward pressure on global prices.
Additional support to the price increases came from concerns over unfavourable crop conditions in parts of Europe, the Russian Federation and the United States of America.
World maize prices continued their upward trend in February, primarily due to tightening seasonal supplies in Brazil, worsening crop conditions in Argentina, and strong export demand for United States’ maize.
Among other coarse grains, world prices of barley and sorghum also increased. By contrast, the FAO All Rice Price Index declined by 6.8 per cent in February, as ample exportable supplies and weak import demand exerted downward pressure on prices.
The FAO Vegetable Oil Price Index averaged 156.0 points in February, up 3.0 points (2.0 per cent) from the previous month and as much as 35.1 points (29.1 per cent) above its level a year earlier. The increase in the index was driven by higher quotations across palm, rapeseed, soy and sunflower oils.
Meanwhile, global soyoil prices increased on firm global demand, particularly from the food sector. In the case of sunflower and rapeseed oils, prices were mainly supported by concerns over likely tightening supplies in the coming months.
The FAO Meat Price Index averaged 118.0 points in February, down marginally by 0.1 points (0.1 per cent) from January but remaining 5.4 points (4.8 per cent) above its level a year ago.
International poultry meat prices declined, driven by abundant global supplies primarily due to high export availabilities from Brazil, despite continuing avian influenza outbreaks in other major producing countries.
Similarly, pig meat prices softened, pressured by lower quotations in the European Union. While prices showed signs of stabilization, they remained below early January levels (before the outbreak of foot and mouth disease) due to a surplus caused by trade restrictions on German pig meat.
By contrast, ovine meat prices rose, underpinned by strong global demand. New Zealand’s export volumes declined due to lower production, but higher slaughter rates in Australia raised supply, limiting the price increases.
Meanwhile, bovine meat quotations strengthened, driven by rising Australian prices amid robust global demand, particularly from the United States of America.
However, the increase was partially offset by lower Brazilian bovine meat prices due to ample cattle supplies.
The FAO Dairy Price Index stood at 148.7 points in February, rising by 5.7 points (4.0 per cent) from January and standing 28.0 points (23.2 per cent) higher than its level a year ago.
The increase was driven by higher prices across all major dairy products. International cheese prices increased for the third consecutive month, rising by 4.7 per cent from January.
The rise was fueled by strong import demand, as recovering production in Europe was offset by seasonal output declines in Oceania. Quotations for whole milk powder also increased, up 4.4 per cent from January, underpinned by robust demand despite stagnating production in Oceania.
International butter prices rebounded, rising by 5.2 points (2.6 per cent) month-to-month, as declining milk output in Oceania, following seasonal patterns, coincided with strong domestic and international demand. Prices of skim milk powder registered a modest 1.8 per cent increase month-to-month, as seasonally higher production in Europe was offset by declining production in Oceania.
The FAO Sugar Price Index averaged 118.5 points in February, up 7.3 points (6.6 per cent) from January after three consecutive monthly declines. However, it remained 22.2 points (15.8 per cent) lower than its level in February of last year.
The increase in world sugar prices was driven by concerns over tighter global supplies in the 2024/25 season. Declining production prospects in India and concerns over the impact of recent dry weather on the upcoming crop in Brazil, which exacerbated the seasonal effect, underpinned the increase in prices.
Additionally, the strengthening of the Brazilian Real against the US Dollar, which tends to affect exports from Brazil, further contributed to the overall increase in global sugar prices.
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