World
Russia May Host Russia-African Union Forum 2019
By Kester Kenn Klomegah
Faced with persistent criticisms, Russia has finally announced it will most likely host the first high-level Russia-African Union forum next year, a replica or a carbon copy of Forum on China Africa Cooperation (FOCAC) or European Union–African Union summit, signaling its readiness to work towards deepening and strengthening multifaceted engagement with Africa.
Working on a new paradigm collaboratively with African Union, Russia hopes to fill up pitfalls and cracks in the existing relationship, reinforce diplomatic ties and raise its staggering economic profile on the continent similar to the levels of China, India, Japan, South Korea, Turkey, U.S. and Europe.
On his official visit to Rwanda early June, Foreign Affairs Minister Sergey Lavrov hinted that the forum rolls out a comprehensive strategic roadmap for more economic cooperation and wide-range of investment possibilities, find effective ways of addressing regional security issues and that of improving public diplomacy in Africa.
“We discussed Russia’s idea of holding a large African Union business forum with AU member states and Russia to be attended by entrepreneurs and politicians, possibly next year,” Lavrov said at a media conference after meeting with Minister of Foreign Affairs, Cooperation and East African Community Louise Mushikiwabo in Kigali, Rwanda.
“We have agreed to prepare a framework political document that will set out a concept for cooperation in the next few years and also several practical projects for implementation in the near future. We are now preparing for a meeting of Russian and AU experts,” he assertively added.
Just before his African tour early March, Lavrov also told Hommes d’Afrique magazine “we carefully study the practice of summits between African countries and their major partners abroad. At present, Russia’s relations with African countries are progressing both on a bilateral basis and along the line of African regional organisations, primarily the African Union and the Southern African Development Community.”
In the interview posted to MFA website, he said “our African friends note the need for Russia’s active presence in the region, and more frequently express interest in holding a Russia-African summit. Such a meeting would undoubtedly help deepen our cooperation on the full range of issues. However, it is necessary to bear in mind that arranging an event of such a scale with the participation of over 50 Heads of State and Government requires most careful preparation, including in terms of its substantive content.”
Lavrov acknowledged in the interview: “The economic component of the summit has a special significance in this relation as it would be of practical interest for all the parties. As such, specific Russian participants in bilateral or multilateral cooperation should be identified, which are not only committed to long-term cooperation but are also ready for large-scale investments in the African markets with account of possible risks and high competition. Equally important are African businesspeople who are looking to work on the Russian market.”
On May 16, Lavrov chaired the Foreign Ministry Collegium meeting on the subject “Cooperation with Sub-Saharan African countries as part of implementing important tasks of Russian foreign policy.” The meeting noted that the consolidation of versatile ties with the Sub-Saharan African countries remains a major part of Russia’s foreign policy strategy, which is acquiring special significance in the context of deep changes in the global arena.
Some experts and researchers have, of course, identified low enthusiasm and lack of coordinated mechanism as key factors affecting cooperation between Russia and African countries, and suggested that this trend could be reversed if both Russian authorities and African governments get down regularly to serious dialogue with concrete business agenda.
Nearly a decade ago, Themba Mhlongo, Head of Programmes at the Southern Africa Trust, said in an emailed interview that “there is no effective Russia-African dialogue or mechanism for dialoguing with Africa. On the other hand, Russia has not been as aggressive as China in pursuing opportunities in Africa because Russia has natural resources and markets in Eastern Europe, South West Asia. Russia’s key exports to Africa might only be dominated by machinery and military equipment which serves their interest well.”
He suggested that Africa must also engage all BRICS members equally including Brazil and Russia in order to build alliances and open trade opportunities including finance and investment opportunities, African countries must not seem to show preferences in their foreign policy in favour of western Europe if they want to benefit from trade relations with Russia.
Tellingly, Vadim Trofimovich Kirsanov, an African Affairs Advisor at the Regional Projects Department of Russkiy Mir Foundation, (non-profit Russian NGO that promotes Russian language, literature and culture abroad), in an interview with Buziness Africa media, discusses the significance of developing bilateral ties not only in economic sphere but also in culture, exchange of people and ideas in the social sphere.
“We must use the full potential interest in Russian culture, Russian language, mutual sympathy and interest between the peoples of Africa and Russia, a great desire of Russians and Africans to visit each other to make friends, establish new connections. That’s where public diplomacy becomes an effective instrument for supporting business dialogue,” he said.
Kirsanov noted: use new opportunities for mutually beneficial cooperation open to the accession of South Africa to BRICS group (Brazil, Russia, India, China and South Africa), taking into account the economic impact of South Africa on the African continent and the world at large. Besides the intensification of dialogue with the African Union (AU), the Russian authorities have the development of multilateral cooperation among African countries with Russian Federation.
Professor Gerrit Olivier from the Department of Political Science, University of Pretoria in South Africa, noted that Russian influence in Africa, despite efforts towards resuscitation, remains marginal. While, given its global status, it ought to be active in Africa as Western Europe, the European Union, the United States and China are, it is all but absent, playing a negligible role.
“Russia, of course, is not satisfied with this state of affairs. At present diplomacy dominates its approach: plethora of agreements have been signed with South Africa and various other states in Africa, official visits from Moscow proliferate apace, but the outcomes remain hardly discernible,” Professor Olivier, previously served as South African Ambassador to the Russian Federation, wrote in an email comment from Pretoria, South Africa.
Be as it may, he indicated further that “the Kremlin has revived its interest in the African continent and it will be realistic to expect that the spade work it is putting in now will at some stage show more tangible results.”
In his assessment, Rex Essenowo, a Moscow-based Economic Policy Analyst, pointed out to a known and well-established fact, which Russians have always shrugged off, that there have been many summits and conferences between the United States, EU and Asian states with Africa, but there has yet to be a single high-level Russia-African summit.
However, he believes that all was not yet lost, there is still an unexplored chance to strengthen Russia’s relationship with Africa if, for example, African countries work collectively together as AU to focus on improving all aspects of Russia-African relationship.
Large investments and comprehensive approach, similar to the Chinese, would help to bridge the economic and political gap between Russia and the African continent, Essenowo said, and reminded that Russia is very much involved in educating and/or training professionals who are playing key roles and could serve as excellent useful links between Russia and Africa. Russia has ignored this valuable product in its diplomacy with Africa.
Interesting, BRICS countries are vigorously moving into Africa and now three BRICS members: Russia is planning, India and China are also preparing for summits next year with Africa. As already publicly known, all previous summits held by many foreign countries with Africa, there were concrete financial packages earmarked towards infrastructure development in Africa.
From Russia’s perspective, there are undeniable important geopolitical implications working with Africa. Nevertheless, Russia’s efforts in the region have been limited thus far which some experts attributed to lack of a system of financing policy projects. While Russia government is very cautious about making financial commitments, Russia’s financial institutions are not closely involved in foreign policy initiatives in Africa.
Experts and researchers have recommended one new initiative that will largely interest African leaders, that is for Russia to create a Russian Development Fund for Africa (RDfA) as an agency to manage and run projects as business for Russia in Africa while Russian International Affairs Council (RIAC) could become the key organiser and coordinator of future Russia-African Union summits. Kester Kenn Klomegah frequently writes on Russia, Africa and BRICS.
By Kestér Kenn Klomegâh
One year after launching a continental initiative designed to make excellence in public governance the foundation of a new drive to transform Africa, LEAD, the Africa CEO Forum’s pan-African leadership programme, takes stock of its first cohort and announces the launch of its second class. Built around a community of senior public decision-makers committed to modernising the state and to the continent’s digital transformation, this new cohort gathers for three days, from 28 to 30 August 2026, on the campus of Mohammed VI Polytechnic University (UM6P) in Rabat, Morocco.
A second cohort that confirms the programme’s durability
For its second class, LEAD brings together 50 fellows, senior public decision-makers engaged in the design and implementation of the continent’s economic and social policies. Over three days, participants take part in collective and collaborative working sessions, peer exchanges and meetings with figures from the public, business and academic spheres, in order to compare their practices and build shared responses to the major challenges of governance.
Speakers include Mehdi Jomaa, former Head of Government of Tunisia, Donald Kaberuka, Managing Partner & Founder, SouthBridge Group, and former President of the African Development Bank, Serge Ekue, President of the West African Development Bank (BOAD), Sanjay Jain, co-creator of India Stack and Director of Digital Public Infrastructure, Gates Foundation, and Mauricio Cardenas, Professor of Professional Practice in Global Leadership, Columbia SIPA, and former Finance Minister of Colombia (2012-2018).
They share their reform experience, their public policy trade-offs and their view of continental priorities. Throughout the programme, the cohort benefits from the dedicated support of Mohammed VI Polytechnic University, Asafo & Co, BOAD, BCG and the African Development Bank, LEAD partners that have chosen to invest in the transformation of African public action.
LEAD, a pan-African community serving public action
Created by the AFRICA CEO FORUM, LEAD is a leadership programme whose ambition is to reposition Africa’s administrative elite as a driver of reform, of performance and of dialogue with all the continent’s stakeholders.
Designed for senior African public decision-makers, LEAD sets out to build a lasting community of public officials able to share their experience, compare their practices and build common solutions to the major economic, technological and institutional transformations under way in Africa. That community is structured around three pillars: modernizing the state, improving public services, and strengthening cooperation between governments, development institutions and private-sector players.
From fellows to alumni: a long-term initiative
Made up of 36 fellows drawn from a range of administrations and institutions and representing 24 countries across the continent, LEAD’s first cohort demonstrated the quality and the potential of this community from its very first year. In less than twelve months, six of its members have taken a significant step forward: two have been appointed ministers, two have moved into strategic positions at the highest level of the state and two have been promoted to chief executive roles. These moves, which account for 16.7% of the first class, show the role LEAD plays as an accelerator of impact within African administrations.
By bringing together a new cohort of fellows every year, each of them joining the LEAD alumni community, the initiative follows a long-term trajectory: in time, to unite several hundred African public decision-makers around a shared culture of transparency, performance and regional cooperation.
A first year devoted to public service and digital public infrastructure
Throughout the year, the fellows devoted their work to strengthening African public action, to make excellence in public governance a central lever of transformation. An awareness campaign, run as part of Africa Public Service Day, brought to light those who, within the continent’s administrations and institutions, are concretely transforming public policy and improving the services offered to citizens.
Members of the cohort also took part in a special round table held in Kigali during the ACF 2026, in order to carry their thinking to a wider community of public and private leaders. That forum reinforced LEAD’s role as a platform for dialogue between the administrative elite and the continent’s economic players. Digital public infrastructure (DPI) formed the main thread of this first year of work.
Discussions covered issues at the heart of the digital sovereignty of African states: digital identity, payments, secure data exchange, interoperability, governance and the protection of citizens. This work examined the conditions under which African states are developing, in some cases, and can develop, in others, shared, open infrastructure robust enough to improve the quality of public services while supporting local innovation and preserving the capacity of public authorities to set the rules of the game.
A white paper to move from consuming technology to creating value
This year of work concludes with the publication, in collaboration with BCG, LEAD’s Knowledge Partner, of a white paper on Africa’s place in the digital economy and in artificial intelligence. With the digital economy still accounting for around 5% of African GDP, against close to 15% worldwide, the paper calls on the continent to shift from a logic of technology consumption to one of value creation.
The white paper identifies three structuring priorities for African public actors:
- Building shared digital infrastructure that serves as the backbone of public services and private innovation.
- Pooling investment in order to reach critical mass and avoid the fragmentation of efforts across the continent.
- Favouring open and interoperable architectures, with trust and governance built in by design, so as to protect citizens while stimulating the entrepreneurial ecosystem.
The white paper is available here to all public decision-makers, technical partners and institutions concerned.
“LEAD’s first cohort confirms a simple conviction: Africa already has the women and men capable of profoundly transforming public action. Our responsibility, either with our partners, is to give them, at pan-African level, a space in which to compare experience, build common solutions and bring forward a new generation of public policy. With this second cohort, we want to accelerate the move from ambition to execution, in particular on digital public infrastructure and artificial intelligence, two decisive issues for sovereignty, for the effectiveness of the state and for value creation across the continent,” says Amir Ben Yahmed, President of the Africa CEO Forum.
By Kestér Kenn Klomegâh
Africa is set to make history as it hosts the World Public Summit for the first time, with Addis Ababa, Ethiopia, welcoming global leaders and changemakers from July 29–30, 2026, for the landmark gathering under the theme “New World: Africa in Shaping a Shared Future.”
The inaugural African edition of the World Public Summit marks a significant milestone in the continent’s growing role in shaping international dialogue on governance, sustainable development, human-centred leadership and global cooperation.
Hosted by the World Peoples Assembly in partnership with African and international organisations, the summit will convene government officials, diplomats, business leaders, academics, journalists, youth representatives, civil society organisations and cultural leaders from across Africa and around the world.
According to Andrey Belyaninov, General Secretary of the World Peoples Assembly, “the Summit is not just a meeting—it is a space for unity. A space where the ‘values that unite us’ come to life: respect for people, openness to the world, responsibility for the future, and a commitment to creation.
“Today, we understand more clearly than ever: the future cannot be built alone. It is born in dialogue, in trust, in the ability to listen to one another and to act together.”
The programme begins on July 29 with a series of high-level roundtables and expert discussions covering Pan-African economic integration, civil society, education, scientific cooperation, cultural diplomacy and humanitarian partnerships.
The opening plenary, “Values, Development and Partnership as the Basis of a Sustainable and Just World,” will explore how African values—including Ubuntu—can help shape a more inclusive and sustainable global future. Discussions will also focus on youth leadership, innovation, civil society, ethical AI, public initiatives and international partnerships.
The summit will also showcase Africa’s creativity and innovation through the “Innovations for the Future” exhibition, the contemporary African art exhibition “Unity,” and the international exhibition “The World Paints Happiness.”
Another featured initiative is “The Zambezi River: Economy, Society, Soul,” an international interdisciplinary project exploring the river’s socioeconomic importance across Angola, Botswana, Mozambique, Namibia, Zambia and Zimbabwe, highlighting the shared heritage and development potential of one of Africa’s most important waterways.
The event will conclude with the adoption of the African Communiqué, reflecting the summit’s shared vision for stronger international cooperation, sustainable development and people-centred leadership.
Tsegaye Chama, General Secretary of the Global Black Centre, promised that, “The Summit will be delivered with exceptional distinction, reflecting the magnitude and spirit of the World Peoples Assembly. It embodies a unity that is not transactional, but purposeful and conscious, a unity that shapes new contours for a world that works for all peoples of the World.”
As delegates prepare to arrive in Addis Ababa, anticipation continues to build for what promises to be one of Africa’s most significant international gatherings of 2026—one that will place the continent firmly at the centre of global conversations about the future.
By Adedapo Adesanya
Nigeria regained its position as Africa’s leading destination for equity startup investment in the first half of 2026, raising $214 million in equity financing and a total of $254 million across equity and debt, according to the latest Africa: The Big Deal report.
The report, titled H1 2026: Mapping the Money, showed that Nigeria ranked second on the continent in total funding, behind Egypt, which attracted $327 million, while Kenya and South Africa followed with $126 million and $83 million, respectively.
However, the report noted that Egypt’s top position was largely driven by a single fundraising by electric mobility company Spiro, which secured $327 million, including $270 million in equity and $57 million in debt. Excluding debt financing, Nigeria emerged as Africa’s largest equity funding market in the first six months of the year.
According to the breakdown by Africa: The Big Deal, Nigeria’s equity funding of $214 million was higher than Egypt’s $183 million, while South Africa and Kenya attracted $66 million and $46 million, respectively.
Beyond funding value, Nigeria also led the continent in the number of startups that raised at least $100,000 during the review period, reclaiming the top spot after what the report described as an “underwhelming” second half of 2025.
The publication observed that Nigeria’s fundraising performance has remained relatively stable over the past few years and exceeded the $250 million mark for the first time since 2022, pointing to renewed investor confidence in the country’s startup ecosystem.
It also found that while the Big Four startup markets—Nigeria, Egypt, Kenya and South Africa—continued to dominate Africa’s investment landscape, their combined share of total funding stood at 58 per cent in the first half of 2026.
“Zooming back on the Big Four (110 out of 190 $100k+ deals, i.e. 58%), Nigeria is head and shoulders above its peers, with Egypt and Kenya almost tying, and South Africa in fourth position again,” the report noted.
The report highlighted contrasting performances among the continent’s largest startup ecosystems. While Nigeria and Egypt maintained strong funding momentum, Kenya recorded its weakest funding performance since early 2021 after a strong second half of 2025, and South Africa failed to attract $100 million in funding during the period despite leading the continent a year earlier.
Africa: The Big Deal also noted a broader shift in investor behaviour, with funding increasingly concentrated in larger transactions while early-stage investments continued to decline. According to the publication, the drop in smaller funding rounds reflects growing concerns about limited capital available for early-stage startups across Africa.
