World
Russia Must Face New Geopolitical Realities, Challenges
By Kester Kenn Klomegah
The United States, European Union and their Pacific allies’ sanctions are truly fast-driving Russia towards Africa. As the sanctions bite, Russia continues stepping up to realign with Africa, steadily stemming its policy with mountainous pledges of helping with sustainable development, increasing trade through economic cooperation and strengthening relations.
In addition, the sanctions have created the conditions for Russia to push its anti-Western and neo-colonialism agenda, reminiscent of the Cold War during the Soviet days. But such steps must necessarily and discernibly be implemented with renewed determination and decisiveness.
In late April, Russian Presidential Special Representative for the Middle East and Africa, and Deputy Foreign Affairs Minister Mikhail Bogdanov explicitly explained in an interview to Interfax News Agency that Africa has always been an important region from the point of view of foreign policy for Russia. As oftentimes, he traced and renarrated, especially from the 1950s and 1960s, the historical role the Soviets played in support for African peoples in attaining their statehood and political independence, the fight against colonial rule.
“After the collapse of the Soviet Union, many other problems emerged and pushed cooperation with Africa into the background. Regrettably, much has been lost over this period,” he told the media, and frankly admitted further that Western and European countries, China, Turkey, and India et cetera, have filled the vacuum that emerged after the ‘retreat’ from Africa.
According to Bogdanov, Africa is beyond any doubt a continent of the future, both from the point of view of human resources and because it is a storeroom of the world, one of the richest regions. But another issue is that colonial powers, as well as neocolonialists, have never let the Africans take advantage of the treasure which is literally right under their feet.
These past years, Russian diplomats have played the song of “neo-colonialism” and its negative effects on Africa, this song aims at winning the sympathy of African leaders. It has meanwhile embarked on fighting “neo-colonialism” which it considers as a stumbling stone on its way to regaining part of its Soviet-era influence in Africa. Russia has sought to convince Africans over the past years of the likely dangers of neocolonial tendencies perpetrated by the former colonial masters and the scramble for resources on the continent.
Russian diplomats might have read Jamaican Walter Rodney’s book “How Europe Underdeveloped Africa” – as they similarly and consistently blame Western and Europeans for political, economic and social bottlenecks in Africa. Russia has expressed uttermost dissatisfaction with Western and European engagement with Africa. All kinds of Soviet assistance were rendered until many African states got their independence.
In an interview with Steven Gruzd, Head of the African Governance and Diplomacy Programme at the South African Institute of International Affairs (SAIIA), explained that Africa is a busy geopolitical arena, with many players, both old and new, operating. Apart from EU countries, China and the US. There are players such as Iran, Turkey, Israel, the UAE, Japan and others. Russia has to compete against them and distinctively remain focused on its efforts with strategies. On the other side, Russia uses the rhetoric of anti-colonialism in its engagement with Africa, and it is fighting neo-colonialism from the West, especially in relations with their former colonies. It sees France as a threat to its interests, especially in Francophone West Africa, the Maghreb and the Sahel.
“I would largely agree that there is a divide between what has been pledged and promised at high-level meetings and summits, compared to what has actually materialized on the ground. There is more talk than action, and mere intentions and ideas have been officially presented as initiatives already in progress. There needs to be a lot of tangible progress on the ground for the second summit to show impact. It will be interesting to see what has been concretely achieved in reports at the second Russia-Africa summit scheduled for this 2022,” he distinctively argued.
Steven Gruzd heads the Russia-Africa Research Programme initiated at SAIIA, South Africa’s premier research institute on international issues. It is an independent, non-government think tank, with a long and proud history of providing thought leadership in Africa.
From Russian and African experts’ point of view, Africa’s most valuable asset is not only its natural resources but its people, especially the youth. The population of the continent has already passed the 1.3 billion mark, with a median age of about 20. Around 60% of the population are young people under the age of 25. With digital technology, these young Africans have the benefit of several alternative perspectives and choose the approach they feel is closest to them. The young African generation between 25 and 45 years now has different perceptions and approaches toward issues relating to politics, economics and social questions.
Given these numbers, for instance, the United States and European countries are investing in the youth. China trains about 10,000 yearly, ranging from short-term courses to long-term academic disciplines. During the days of Barak Obama, the White House created the Young African Leaders Initiative (YALI). It brings 500 Africans to the White House in Washington and this YALI still runs various academic and training programmes for Africans. Before the Covid-19, The The Times Higher Education index indicated that approximately 43,000 Africans enrolled in American universities. There are many African universities and institutes with joint agreements running programmes, including fellowships, together with Westerners and Europeans. That compared to Russia’s annual scholarship of about 1,800.
The young African generation (that constitutes the electorate) expects their leaders to deliver on sustainable development and initiatives that focus on employment creation. Political leaders, highly desirous to consolidate their positions, are searching for external partners who are ready to invest in energy, transport, industry, agriculture, health and other viable economic sectors. Therefore, in practical terms, all such warnings on the existing or emerging neo-colonialism could fall on deaf ears as African leaders choose development partners with funds to invest in the economy.
In terms of working with the African continent, Russian business leaders say the African continent remains so little known in Russia. Historic Russia–Africa Summit and Economic Forum held three years ago played a crucial role in addressing this, as did the 2018 FIFA World Cup. But many issues stipulated in the joint political declaration largely remain untouched on the shelves of the Kremlin and the Russian ministries, departments and agencies. And who cares about those official files? The newly created Russian African Public Forum Secretariat and the Association of Economic Cooperation with African States (AECAS). People who work within these structures hardly talk about the African Continental Free Trade Area (AfCFTA). They faintly know, if nothing at all, that AfCFTA could also serve as a platform to strengthen business ties between Russia and Africa.
Nevertheless, the African Continental Free Trade (AfCFTA) promises to create a single borderless market, it offers various opportunities for localization, production and marketing of consumables throughout Africa. This should perhaps, be the strongest dimension of Russia’s dealings in Africa.
Currently, Russians know and strongly value only state-to-state cooperation, completely ignoring the private sectors and civil society in their diplomacy with Africa. While the public sector has a responsibility to create an enabling environment for businesses to thrive, the private sector, equally plays a key role in among others, enhancing trade and investment, expanding innovations and resource mobilization for investment in socio-economic projects. Increased investment is a prerequisite for the realization of the UN Development Goals 2030 and the African Union’s Agenda 2063.
Unsurprisingly, both Russian and African experts have expressed their concern about official visits proliferating both ways, with little impact on the sustainable development currently needed by the majority of African countries. While some see official visits simply as diplomatic tourism. But a number of the African leaders wonder how to turn Russia’s focus toward realizing the Sustainable Development Goals (SDGs).
Last November, a group of 25 leading experts headed by Sergei A. Karaganov, the Honorary Chairman of the Presidium of the Council on Foreign and Defence Policy, released a report that vividly highlighted some spectacular pitfalls and shortcomings in Russia’s approach toward Africa. It pointed to Russia’s consistent failure in honouring its several pledges over the years. It decried the increased number of bilateral and high-level meetings that yield little or bring to the fore no definitive results. In addition, insufficient and disorganized Russian African lobbying combined with a lack of “information hygiene” at all levels of public speaking, says the policy report.
The United States, EU representatives, China, India, Turkey and even the Gulf States are these days, looking at Africa from different perspectives, but more importantly pushing for their economic footprints on the continent. For instance, fresh from their previous EU-AU summit, both agreed on several infrastructure and investment projects. EU is committing approx. €300 billion ($340 billion) for financing new investment initiatives – similar to China’s Belt and Road initiative – an investment programme the bloc claims would create links, not dependencies.
U.S. investment amounts to billions of dollars. At the 13th US-Africa Business Summit, organized by the Corporate Council on Africa (CCA), a leading reputable American business association, the American investors indicated that there are ways the continent can benefit from them, including in sectors like pharmaceuticals, automobiles, agro-processing and financial technology. On the other hand, American investors are looking forward to exploring several opportunities in the African Continental Free Trade Area (AfCFTA), a policy signed by African countries to make the continent a single market.
The United States is pursuing agreements that go beyond the African Growth and Opportunities Act (AGOA). It will be pursuing public-private partnerships that support the US and African businesses, including women-owned and led Small and Medium Enterprises. Special focus is also on youth business especially technology while looking to build stronger relationships with willing Africans through bilateral engagement. There were diverse panel discussions that emphasized the growing trend of digitalization of SMEs and African business operations.
During the separate discussions with more than 20 former African ambassadors who served in the Russian Federation, they have abundantly made it clear how to stimulate African governments to explore the best investment opportunities in Russia and woo Russian investors into developing Africa’s SDGs within a framework of bilateral cooperation.
Former South African Ambassador, Mandisi Mpahlwa, said that Sub-Saharan Africa has understandably been low on post-Soviet Russia’s list of priorities, given that Russia is not as dependent on Africa’s natural resources as most other major economies. The reason: Soviet and African relations, anchored as they were on the fight to push back the frontiers of colonialism, did not necessarily translate into trade, investment and economic ties, which would have continued seamlessly with post-Soviet Russia.
“Of course, Russia’s objective of taking the bilateral relationship with Africa to the next level cannot be realized without a close partnership with the private sector. Africa and Russia are close politically, but they are geographically distant, and the people-to-people ties are still rather under-developed. This translates into a low level of knowledge on both sides of what the other has to offer. There is perhaps also a measure of fear of the unknown or the unfamiliar in both countries,” according to Mpahlawa.
On April 29, the Russian International Affairs Council (RIAC), a Russian NGO that focuses on foreign policy, held an online conference with the participation of experts on Africa. Chairing the online discussion, Professor Igor Ivanov, former Foreign Affairs Minister and now RIAC President, made an opening speech, pointing out that Russia’s task in Africa is to present a strategy and define priorities with the countries of the continent, build on the decisions of the first Russia-Africa Summit.
On the development of cooperation between Russia and African countries, Professor Igor Ivanov pointed out a few steps here: “Russia’s task is to prevent a rollback in relations with African countries. It is necessary to use the momentum set by the first Russia-Africa Summit. First of all, it is necessary for Russia to define explicitly its priorities: why are we returning to Africa? Just to make money, strengthen our international presence, help African countries or participate in the formation of the new world order together with the African countries? Some general statements of a fundamental nature were made at the first Summit, now it is necessary to move from general statements to specificity.”
In this context, Russia needs to face the new geopolitical realities and its challenges. Whether one likes it or not, Africa has become an arena for competition between various global powers. As Chinese President Xi Jinping emphasized at the Boao Forum, “We have to uphold the principle of indivisible positions on the global stage, continue building a balanced, effective and external sustainable economic architecture around the world.”
Foreign Minister Sergey Lavrov and AUC Chairperson, Chad’s Moussa Faki Mahamat have also been discussing the ways and means of encouraging Russian corporations’ participation in major infrastructure projects on the continent and especially in Africa’s Fourth Industrial Revolution. Lavrov has many times assured that Moscow firmly supports the principle of “African solutions to African problems” within a framework of achieving the Sustainable Development Goals (SDGs) as developed by individual African countries, sub-regional organizations and the African Union.
Most importantly, given the sanctions imposed on Russia by the collective West, it would be necessary to substantially adopt mechanisms of cooperation to suit these new realities, primarily in the bilateral and multilateral relations. Lavrov, in one of his speeches posted to the official website, has noted frankly in remarks: “it is evident that the significant potential of our economic cooperation is far from being exhausted and much remains to be done so that Russian and African partners know more about each other’s capacities and needs. We still have to create conditions necessary for interaction between Russia and Africa.”
Now at the crossroad, it could be meandering and longer than expected to make the mark. Russia’s return journey could take another generation to reach its destination in Africa. With the current geopolitical changing world, Russia has been stripped of as a member of many international organizations. As a direct result of Russia’s “special military operation” aims at “demilitarization and denazification” in its neighbouring post-Soviet republic of Ukraine since late February, Russia has come under a raft of sanctions imposed by the United States and Canada, the European Union, Japan, Australia, New Zealand and a host of other countries.
World
Comviva Wins at IBSi Global FinTech Innovation Award
By Modupe Gbadeyanka
For transforming cross-border payments through its deployment with Global Money Exchange, Comviva has been named Best In-Class Cross Border Payments.
The global leader in digital transformation solutions clinched this latest accolade at the IBS Intelligence Global FinTech Innovation Award 2025.
The recognition highlights how Comviva’s mobiquity Pay is helping shape a modern cross-border payment ecosystem that stretches far beyond conventional remittance services.
Deployed as a white label Wallet Platform and launched as Global Pay Oman App, it fulfils GMEC’s dual vision—positioning itself as an innovative payment service provider while digitally extending its core money transfer business.
The solution allows GMEC to offer international money transfers alongside seamless forex ordering and other services. These capabilities sit alongside a broad suite of everyday financial services, including bill and utility payments, merchant transactions, education-related payments, and other digital conveniences — all delivered through one unified experience.
“This award is a testament to Oman’s accelerating digital transformation and our commitment to reshaping how cross-border payments serve people and businesses across the Sultanate.
“By partnering with Comviva and bringing the Global Pay Oman Super App, we have moved beyond traditional remittance services to create a truly inclusive and future-ready financial ecosystem.
“This innovation is not only enhancing convenience and transparency for our customers but is also supporting Oman’s broader vision of building a digitally empowered economy,” the Managing Director at Global Money Exchange, Subromoniyan K.S, said.
Also commenting, the chief executive of Comviva, Mr Rajesh Chandiramani, said, “Cross-border payments are becoming a daily necessity, not a niche service, particularly for migrant and trade-linked economies.
“This recognition from IBS Intelligence validates our focus on building payment platforms that combine global reach with local relevance, operational resilience and a strong user experience. The deployment with Global Money Exchange Co. demonstrates how mobiquity® Pay enables financial institutions to move beyond remittances and deliver integrated digital services at scale.”
“The deployment of mobiquity Pay for GMEC showcases how scalable, API-driven digital wallet platforms can transform cross-border payments into seamless, value-rich experiences.
“By integrating remittances, bill payments, forex services, and AI-powered engagement into a unified Super App, Comviva has reimagined customer journeys and operational agility.
“This Best-in-Class Cross-border Payments award win stands as a testament to Comviva’s excellence in enabling financial institutions to compete and grow in a digitally convergent world,” the Director for Research and Digital Properties at IBS Intelligence, Nikhil Gokhale, said.
World
Russia Renews Africa’s Strategic Action Plan
By Kestér Kenn Klomegâh
At the end of an extensive consultation with African foreign ministers, Russian Foreign Minister, Sergey Lavrov, has emphasized that Moscow would advance its economic engagement across Africa, admittedly outlining obstacles delaying the prompt implementation of several initiatives set forth in Strategic Action Plan (2023-2026) approved in St. Petersburg during the Russia-Africa Summit.
The second Ministerial Conference, by the Russian Foreign Ministry with support from Roscongress Foundation and the Arab Republic of Egypt, marked an important milestone towards raising bilateral investment and economic cooperation.
In Cairo, the capital city of the Arab Republic of Egypt, Lavrov read out the final resolution script, in a full-packed conference hall, and voiced strong confidence that Moscow would achieve its strategic economic goals with Africa, with support from the African Union (AU) and other Regional Economic blocs in the subsequent years. Despite the complexities posed by the Russia-Ukraine crisis, combined with geopolitical conditions inside the African continent, Moscow however reiterated its position to take serious steps in finding pragmatic prospects for mutual cooperation and improve multifaceted relations with Africa, distinctively in the different sectors: in trade, economic and investment spheres, education and culture, humanitarian and other promising areas.
The main event was the plenary session co-chaired by Russian Foreign Minister Sergey Lavrov and Egyptian Minister of Foreign Affairs, Emigration, and Egyptians Abroad Bashar Abdelathi. Welcome messages from Russian President Vladimir Putin and Egyptian President Abdelhak Sisi were read.
And broadly, the meeting participants compared notes on the most pressing issues on the international and Russian-African agendas, with a focus on the full implementation of the Russia-Africa Partnership Forum Action Plan for 2023-2026, approved at the second Russia-Africa Summit in St. Petersburg in 2023.
In addition, on the sidelines of the conference, Lavrov held talks with his African counterparts, and a number of bilateral documents were signed. A thematic event was held with the participation of Russian and African relevant agencies and organizations, aimed at unlocking the potential of trilateral Russia-Egypt-Africa cooperation in trade, economic, and educational spheres.
With changing times, Africa is rapidly becoming one of the key centers of a multipolar world order. It is experiencing a second awakening. Following their long-ago political independence, African countries are increasingly insisting on respect for their sovereignty and their right to independently manage their resources and destiny. Based on these conditions, it was concluded that Moscow begins an effective and comprehensive work on preparing a new three-year Cooperation and Joint Action Plan between Russia and Africa.
Moreover, these important areas of joint practical work are already detailed in the Joint Statement, which was unanimously approved and will serve as an important guideline for future work. According to reports, the Joint Statement reflects the progress of discussions on international and regional issues, as well as matters of global significance.
Following the conference, the Joint Statement adopted reflects shared approaches to addressing challenges and a mutual commitment to strengthening multifaceted cooperation with a view to ensuring high-quality preparation for the third Russia-Africa Summit in 2026.
On December 19-20, the Second Ministerial Conference of the Russia-Africa Partnership Forum was held in Cairo, Egypt. It was held for the first time on the African continent, attended by heads and representatives of the foreign policy ministries of 52 African states and the executive bodies of eight regional integration associations.
World
TikTok Signs Deal to Avoid US Ban
By Adedapo Adesanya
Social media platform, TikTok’s Chinese owner ByteDance has signed binding agreements with United States and global investors to operate its business in America.
Half of the joint venture will be owned by a group of investors, including Oracle, Silver Lake and the Emirati investment firm MGX, according to a memo sent by chief executive, Mr Shou Zi Chew.
The deal, which is set to close on January 22, 2026 would end years of efforts by the US government to force ByteDance to sell its US operations over national security concerns.
It is in line with a deal unveiled in September, when US President Donald Trump delayed the enforcement of a law that would ban the app unless it was sold.
In the memo, TikTok said the deal will enable “over 170 million Americans to continue discovering a world of endless possibilities as part of a vital global community”.
Under the agreement, ByteDance will retain 19.9 per cent of the business, while Oracle, Silver Lake and Abu Dhabi-based MGX will hold 15 per cent each.
Another 30.1 per cent will be held by affiliates of existing ByteDance investors, according to the memo.
The White House previously said that Oracle, which was co-founded by President Trump’s supporter Larry Ellison, will license TikTok’s recommendation algorithm as part of the deal.
The deal comes after a series of delays.
Business Post reported in April 2024 that the administration of President Joe Biden passed a law to ban the app over national security concerns, unless it was sold.
The law was set to go into effect on January 20, 2025 but was pushed back multiple times by President Trump, while his administration worked out a deal to transfer ownership.
President Trump said in September that he had spoken on the phone to China’s President Xi Jinping, who he said had given the deal the go ahead.
The platform’s future remained unclear after the leaders met face to face in October.
The app’s fate was clouded by ongoing tensions between the two nations on trade and other matters.
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