Connect with us

World

Russia Developing Stronger Beneficial Cooperation with Zimbabwe—Matviyenko

Published

on

Harare Zimbabwe Economy

By Kester Kenn Klomegah

Russia and Zimbabwe continue to strengthen traditional ties after originating back in the period of the Zimbabwean people’s struggle for independence. All these years, the bilateral relations have continued to grow stronger and its further development cannot be under-estimated. Diplomatic relations between Zimbabwe and Russia clocked 40 years.

These are the historical facts the Chairwoman of the Federation Council, Valentina Matviyenko and President of the Republic of Zimbabwe Emmerson Dambudzo Mnangagwa acknowledged during their early June meeting in Harare, Zimbabwe.

Matviyenko headed a delegation of Russian senators to Mozambique and continued to Zimbabwe where the Russia-Ukraine crisis dominated the discussions as well as new substantive topics on regional and international issues. Outstanding bilateral questions and how to implement them were also raised.

Besides all the historical diplomatic niceties, Matviyenko informed Emmerson Mnangagwa that inter-parliamentary ties are developing dynamically, Russia and Zimbabwe had agreed on a memorandum of cooperation in the field of science, technology and innovation.

“I consider the practice of signing bilateral interdepartmental documents very useful, and it is necessary to open some of the aspects, as much as possible, in today’s difficult conditions, which is in the mutual state interests,” said the Chairwoman of the Federation Council.

On the Russia-Ukraine crisis that began on February 24, she noted the support that Zimbabwean colleagues provide to Russian foreign policy initiatives. “It is also important that Harare takes a balanced position in relation to the situation in Ukraine,” she said.

During the conversation, Matviyenko and Mnangagwa also discussed issues of expanding trade and economic ties between Russia and Zimbabwe.

“So far, the volume of mutual bilateral trade does not correspond to its potential.

“Therefore, the main task at this current stage is the creation of conditions for increasing the volume of trade and its diversification. Then, we proceed from the fact that the implementation of all these plans will be facilitated by joint fruitful work within the framework of the Intergovernmental Russian-Zimbabwean Commission on Economic, Trade, Scientific and Technical Cooperation,” explained Matviyenko.

Matviyenko and Mnangagwa, however, noted the Russia-Ukraine crisis worldwide, and issues related to food security.

Offering an assurance, she said: “Russia is ready to do everything possible to prevent a food crisis. We are ready to fulfil our contractual obligations in full. If Zimbabwe turns to Russia, we will work out a supply mechanism together and provide Zimbabwe with the necessary amount of food.”

With the Chairman of the National Assembly of the Republic of Zimbabwe Jacob Mudenda, the Chairwoman of the Federation Council stressed frequent interaction that gives a serious impetus not only to inter-parliamentary relations but to the entire range of Russia-Zimbabwean relations. According to her, both countries are actively interacting in the international arena based on compliance with international law and respect for the sovereignty of states.

Both reiterated the need to bring trade, economic and investment ties to a level that would correspond to political trusting relations. “We attach great importance to inter-parliamentary cooperation, which is designed to promote the implementation of agreements at the highest level, and we look forward to its further promotion,” she reiterated.

As Jacob Mudenda noted, mutual visits are very useful in terms of parliamentary diplomacy. According to him, the Zimbabwean parliament is working on legislative aspects in the field of expanding investment opportunities, speeding up the issuance of visas for foreign investors and reforming the tax regime for them.

Mudenda called on Russian companies and Russian entrepreneurs to expand cooperation with colleagues from Zimbabwe, in particular, in the field of agriculture, mining, and exploration of natural resources. He stated that the Zimbabwean colleagues would firmly support Russia on international parliamentary platforms.

During the meeting, Deputy Chairman of the Federation Council Konstantin Kosachev informed the Zimbabwean parliamentarians about the work of the Russian delegation at the meeting of the Assembly of the Inter-Parliamentary Union in Indonesia.

Co-Chairman of the Intergovernmental Russian-Zimbabwean Commission on Economic, Trade, Scientific and Technical Cooperation, Minister of Natural Resources and Ecology of the Russian Federation Alexander Kozlov informed about the results of the fourth meeting of the Intergovernmental Commission held the day before in Harare.

Zarubezhgeologiya, the operation of the international projects of Russian state company Rosgeo, might be brought in to work on the geological mapping of Zimbabwe, Russia’s Natural Resources Ministry said after a session of the Russia-Zimbabwe intergovernmental commission.

“In the course of meetings on the sidelines of the session, (Natural Resources Minister) Alexander Kozlov proposed to Zimbabwe’s Mining Development Minister Winston Chitando to engage Russian company Zarubezhgeologiya in work in the area of geological mapping. Zimbabwean colleague supported the idea and noted that the experience of Russian experts could be used in the creation of a joint geological digital database that has not been updated since the 1970s.

There was a raft of documents signed. Russian Prime Minister Mikhail Mishustin has signed decrees regarding memorandums on cooperation with Zimbabwe over diamonds and platinum group metals, according to documents published by the official internet portal of legislative information.

Besides that, Zimbabwe has asked Russia for larger supplies of agricultural products and for deliveries of petroleum products, Alexander Kozlov said after a fourth meeting of the Russian-Zimbabwean Intergovernmental Commission in Harare.

“The government of Zimbabwe has proposed to increase the volumes of wheat and vegetable oil supplies and start deliveries of petroleum products,” Kozlov said. Therefore, it was suggested that the Zimbabwean agriculture and energy ministries draft a specific request that would indicate the number of additional deliveries and the logistical chains, he said.

The share of agrarian products in Russia’s exports has been growing in recent years, mainly due to wheat and mineral fertilizers, Kozlov said. According to the Union of Grain Exporters, Russia supplied 11,900 tonnes of wheat to Zimbabwe in 2021 up from 810 tonnes in 2019.

In conversation with the Russian-Zimbabwean inter-parliamentary groups, Chairwoman of the Senate of the Republic of Zimbabwe Mabel Chinomona and Speaker Matviyenko exchanged views on a wide range of Russia-Zimbabwean inter-parliamentary cooperation and further noting that at the current stage, there is a stable and trusting political dialogue established between the two parties.

Russia and Zimbabwe are successfully interacting in the international arena on the basis of closeness or identity of positions on topical international and regional problems. “For its part, Russia has always supported Zimbabwe in the struggle to strengthen national sovereignty, defending its right to an independent course of development,” both agreed with this view.

They highly appreciated the existing opportunities for intensifying Russia-Zimbabwean inter-parliamentary relations. “One of the tools could be the conclusion of a Cooperation Agreement between the Federation Council and the Senate of the Republic of Zimbabwe. On the basis of this document, Matviyenko and Mabel Chinomona suggested could jointly implement a kind of what they termed “parliamentary patronage” in the development of contacts between the business circles – providing the necessary assistance in their activities.

There was then a proposal to sign an inter-parliamentary agreement outlining the priorities of the Russia-Zimbabwean agenda as the continuation of consistent work to develop the legal framework for bilateral relations, for instance, the possibility of broad cooperation in the field of healthcare, education and the humanitarian field.

The Chairwoman of the Federation Council supported the idea of ​​the Zimbabwean side to install a monument dedicated to the Victory in the Great Patriotic War of 1941-1945 on the territory of the African Liberation Museum being created in Harare.

Deputy Minister of Science and Education of the Russian Federation Natalya Bocharova briefed the Zimbabwean parliamentarians on Russian initiatives in the field of humanitarian cooperation.

Valentina Matvienko and Mabel Chinomona took part in the signing ceremony of the Memorandum of Understanding between the Ministry of Science and Higher Education of the Russian Federation and the Ministry of Higher Education, Science and Technology Development of the Republic of Zimbabwe on cooperation in the field of scientific, scientific, technical and innovative activities. Matvienko finally stressed that Russia is interested in developing mutually beneficial cooperation with the countries of the African continent, and added that “This is one of the foreign policy priorities of the Russian Federation.”

According to the Russian Ministry of Foreign Affairs, Russia-Zimbabwean interaction is based on strong ties of friendship and cooperation, which developed during the struggle of the people for independence, and which continue to develop today. Zimbabwe is one of the 16-member Southern African Development Community.

Continue Reading
1 Comment

1 Comment

  1. Pingback: Russia Developing Stronger Beneficial Cooperation with Zimbabwe—Matviyenko – businesspost.ng – WireWatch

Leave a Reply

World

Algeria Joins Afreximbank as 52nd Member State

Published

on

Afreximbank

By Adedapo Adesanya

The African Export-Import Bank (Afreximbank) has announced that Algeria has joined the bank as its 52nd Member State.

This is contained in a statement by the bank’s media contact, Mr Amadou Sall, in Abuja on Friday, July 1.

Afreximbank member states rose from 38 in 2015 to 51 in 2021 and with Algeria’s accession, the bank is only three states short of achieving full continental coverage.

The Cairo-based bank disclosed in the statement today that Algeria’s inclusion in the agreement establishing Afreximbank was formalised on June 8, by Presidential Decree No. 22-212.

“The subscription of the country to the shares of Afreximbank as part of its membership in the institution was also authorised by Presidential Decree No. 22-222 on June 14, 2022.

“Algeria becomes a Class A shareholder in the bank and will be represented by the Algerian Ministry of Finance,” the lender said.

Algeria has the ninth-largest population and the fourth-largest economy in Africa.

It is also a member of the African Union (AU), the African Continental Free Trade Area (AfCFTA) and the Greater Arab Trade Area.

According to Mr Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank, “Algeria’s membership of Afreximbank is momentous.”

“It brings Africa’s 4th largest economy within the Afreximbank family.

“It creates a platform for Afreximbank’s AfCFTA intervention to be more impactful and paves the way for deeper cooperation between the bank, the Algerian Government, the Algerian Central Bank and Algerian importers and exporters.”

Mr Oramah said the bank looked forward to a successful partnership that would enable Algeria to firmly establish itself as a strong participant in intra-African trade and investments.

Afreximbank is a Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade.

Afreximbank deploys innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialisation and intra-regional trade, thereby, boosting economic expansion in Africa.

Continue Reading

World

BRICS PLUS verses G-8 in New Global Configuration

Published

on

Xi and Putin at BRICS

By Kestér Kenn Klomegâh

The United States has outstretched its political and economic interests around the world. China has strategically extended its tentacles across both the Atlantic and the Pacific, conquered Africa, and intensified commercial operations in the Central Asia regions including the former Soviet republics – the backyard of the Russian Federation.

Despite its large population of 1.5 billion which many have considered as an impediment, China’s domestic economic reforms and collaborative strategic diplomacy with external countries have made it attain superpower status over the United States. China is strengthening its trade, investment and economic muscles.

Russia has been teaming up with China and India and a few other external countries to establish a new global economic system. Its aim is to break the unipolar system that successive White House administrations have maintained. Due to socialist economic planning and their advancement of the notions of international cooperation and peace even among states with varying social systems, there has been tremendous progress in the areas of international solidarity.

The Brazil, Russia, India, China and South Africa (BRICS) grouping is a manifestation of the role of Beijing, Moscow and Pretoria along with the other states to craft another order. These new alliances are perceived as a threat to the role of the United States, Britain and the European Union since they are not participant members and cannot directly impact the agendas and goals established by the BRICS.

Russia has some limitations. Its external economic footprint is comparatively weak. Its external policies hardly promote its economic models. The geopolitical reordering of the world cannot simply be achieved through war or challenging the West’s political influence in its various global domains. The economic component is possibly the most significant.

As Dr Ramzy Baroud, a journalist and the Editor of The Palestine Chronicle wrote recently “the Middle East, especially the Gulf region, is vital for the current global economic order and is equally critical for any future reshaping of that order. If Moscow is to succeed in redefining the role of Arab economies vis-à-vis the global economy, it would most likely succeed in ensuring that a multipolar economic world takes form. Russia is clearly invested in a new global economic system, but without isolating itself in the process.”

Russia has exited many international organizations, instead of sustaining its membership and using these platforms to propagate its global mission. It has gone into self-isolation, with many heavy-handed criticisms against the United States and Europe.

Russia is currently pushing an initiative for multipolarity. In June 2022, Russian State Duma (the lower house of parliament) Speaker Vyacheslav Volodin wrote on Telegram that the United States and its allies are destroying economic ties by their sanctions policy, but at the same time creating new points of growth in other countries.

“The move by Washington and its allies to cut the existing economic ties has created new points of growth in the world,” he pointed out. According to the parliament speaker, Western sanctions are leading to the establishment of another group of eight nations – China, India, Russia, Indonesia, Brazil, Mexico, Iran and Turkey – that is 24.4% ahead of the old group of developed countries in terms of Gross Domestic Product (GDP) and purchasing power parity.

“The United States, with its own hands, has created conditions for countries willing to build an equal dialogue and mutually beneficial relations to actually establish a new G-8 group with Russia,” Volodin noted.

Understandably, there is a Group of Seven (G-7), an inter-governmental political forum, that includes highly developed countries. These are Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. In addition, the European Union is a non-enumerated member. Its members are the world’s largest IMF advanced economies and the wealthiest liberal democracies. The group is organized around shared values of pluralism and representative government. As of 2020, the collective group accounted for over 50 per cent of global net wealth. Its members are great powers in global affairs and maintain mutually close political, economic, social, legal, environmental, military, religious, cultural, and diplomatic relations.

Russia has dismembered itself from the group and remained critical about it arguing that the G-7 has no relevance to exist since its members also meet at the Group of Twenty (G-20). Based on that argument, if the establishment of another new Group of Eight nations – China, India, Russia, Indonesia, Brazil, Mexico, Iran and Turkey – is formed, BRICS – Brazil, Russia, India, China and South Africa, it follows, will have to be absorbed by the new Group of Eight organization, and thus pushing out South Africa.

Indonesia which will host the G-20 summit in Bali this November is doing its best to insulate the meeting from politics. Whether Indonesia will arbitrate between angry clashing superpowers is simply unpredictable. The chances of a sudden rapprochement between the United States and China – let alone between the US and Russia – are exceedingly low.

Russia and China’s strategic alliance is strengthening and China has resisted so many attempts for excluding Russia from international organizations. Both are staunch members of BRICS.

Dr Pankaj Kumar Jha, Professor at O. P. Jindal Global University in Sonipat, Haryana, observes that China and India border conflict will continue influencing BRICS. However, India and China are cooperating to develop alternate financial structures, cohesive guidelines within Asia and the global south on many issues such as trade, investment and developing an understanding so that the dominance of the West could be reduced to a minimum in global financial architecture, he said and added, “the foundation of cooperation in BRICS brings potential resources and critical development requirements under one umbrella.”

Questions about the future of BRICS remain especially when new world order is being discussed. Drawing inspiration from Quad plus, BRICS countries are also discussing BRICS plus format. The formation of the new grouping G-8 is primarily a fusion of BRICS and VISTA (Vietnam, Indonesia, South Africa, Turkey, Argentina). The formation is primarily to connect BRICS to middle-income and middle-power countries, according to his explanation.

Dr Pankaj Kumar Jha concluded his argument: “This geopolitical configuration is in exploratory phases, undoubtedly meant to bring a new axis of Russia-China but the inclusion of Mexico, Indonesia and Turkey. How much successful this grouping would be is still a matter of conjecture. From a geopolitical point of view, much would depend on how sanctions on Russia and the post-coronavirus recovery of China shape up.”

Professor Aslan Abashidze, Head of the Department of International Law of the Russian University of Peoples’ Friendship and Member of the Scientific Advisory Board under the Ministry of Foreign Affairs observes that in general, international associations emerge on the basis of prerequisites that may be of a different nature: political, defensive, cultural, et cetera. The emergence of such “para-organizations” as the Group of Seven (G-7), Group of Eight (G-8), and Group of Twenty (G-20) is associated with the inability of international institutions at the global level to meet the increased needs of modern development in the face of growing challenges in the form of pandemics, financial crisis et cetera.

The process of searching for new models by the states dissatisfied with the United States policy has started, which means the end of the dominance of the United States in all spheres of international relations. At some point, the West, headed by the United States, will have to negotiate new models of international economic and other relations, based on new international treaties that ensure equality of all states.

According to Professor Abashidze, “Russia, China and India will establish trade relations on national currencies and therefore it will be attractive and beneficial to other states, not only from the Asia-Pacific region but also from Latin America, the Middle East and Africa.”

The emerging new coalition group is coming up at a crucial time when over the last two decades, the United States, Britain, the European Union (EU) countries and their allies globally, have been embroiled in numerous imperialist interventions resulting in destabilization, military interventions, proxy wars and the expansion of western imperialism throughout Africa, Asia and Latin America.

Continue Reading

World

Nigeria to Benefit from AfDB $2m Electricity Research Fund

Published

on

electricity in nigeria

By Adedapo Adesanya

Nigeria is set to benefit from a technical assistance grant of $2 million to fund research that will contribute to electricity reforms in the Economic Community of West African States (ECOWAS).

The grant from the African Development Fund, the concessional window of the African Development Bank Group (AfDB), will go to the ECOWAS Regional Electricity Regulatory Authority. The fund was signed by the board of the financial institution on Friday, June 24.

The ultimate objective is to stimulate cross-border electricity trade and improve energy access in the 15 countries covering about 6.1 million km² in the region – Benin, Burkina Faso, Cabo Verde, Côte d’Ivoire, Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone, and Togo.

The electricity research fund has five components. The first involves selecting electricity regulatory principles and key performance indicators from the bank’s flagship Electricity Regulatory Index for Africa report, to be adopted by the ECOWAS Regional Electricity Regulatory Authority.

As part of this component, the project will build capacity in Nigeria and other member countries for collecting and reporting on these indicators on a common platform.

The second component will involve conducting a study in order to update a comparative analysis of electricity tariffs and their underlying drivers across the electricity value chain of ECOWAS.

The third involves developing a centralized database management system that will provide a platform for digitally collecting relevant energy information from member countries, storing it, and disseminating them on a common digital platform.

The fourth component will assess and identify project bottlenecks and risks in ECOWAS member countries and recommend a coherent approach to progressively address ground-level barriers to investment in the power sector in pre- and post-establishment phases of the regional electricity market.

The final component focuses on programme management and capacity building, which will be co-financed with the Regional Electricity Regulatory Authority. All components of the project will include gender-disaggregated data.

Speaking on the plan, Mr Solomon Sarpong, project team leader at the AfDB, said the project will help boost electricity supply and make it a viable investment sector to serve a population of about 360 million in the bloc.

“Ultimately, this project will facilitate regional electricity trade and help improve access to electricity.

“It will address major causes of fragility, such as infrastructure bottlenecks, youth unemployment, environmental challenges, gender inequalities, and regional development imbalances,” he said.

Continue Reading

Latest News on Business Post

Like Our Facebook Page

%d bloggers like this: