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
Russia, Tanzania Boost Bilateral Economic Ties
By Kestér Kenn Klomegâh
From Africa’s perspectives on attaining economic sovereignty, Tanzania, located in East Africa, has seriously begun showing the investment model as Russia pledges tremendous support during the meeting of the Russian-Tanzanian intergovernmental commission in Arusha, in mid-May 2026. Russia is undertaking various development projects as well as addressing bilateral issues relating to investment, trade and innovation on the African continent, and described Tanzania as the gateway to the broader East African region.
Step 1: Gazprom is interested in implementing comprehensive gas projects in Tanzania, according to the report issued by the Ministry of Economic Development. It says Gazprom, in addition to selling natural gas, LNG, and petrochemical products, is ready to supply technologies and equipment for gas production, processing, transportation, and sales. It says Gazprom is continuing its work on a pilot project launched last year to supply two mobile gas tankers to Tanzania.
NOVATEK has also indicated its preparedness to participate in natural gas exploration and production projects in Tanzania, and for now, the staff are awaiting information on the date of the fifth round of license allocation for exploration blocks, as well as on the acquisition of blocks outside the tender process—specifically, at the Ntorya field. “Tanzania has significant resource potential, and the economy’s growing demand for electricity and fuel opens up significant opportunities for joint projects. The current situation in the Strait of Hormuz compels us to seek new solutions to ensure that it does not reduce economic growth on the African continent, and particularly in Tanzania,” said Maxim Reshetnikov, head of the Ministry of Economic Development, speaking at a meeting of the Russian-Tanzania intergovernmental commission in Arusha.
Step 2: Russia and Tanzania plan to sign a memorandum of cooperation in tourism in Moscow. In June, as part of the “Travel!” forum in Moscow (June 10-14), the Tanzanian delegation was already given the invitation to participate, noted Reshetnikov while further explaining that Russia is interested in launching direct air service between the two countries, which would “give a powerful boost to tourism development.”
Air Tanzania’s initiative to launch flights from Moscow to Dar es Salaam, with high hopes that Russia and Tanzania will complete the necessary procedures for the entry into force of the new air traffic agreement as quickly as possible. In particular, officials are awaiting notification from the Tanzanian side regarding the entry into force of this agreement.
Air Tanzania will begin flights from Dar es Salaam, Tanzania’s largest city, on May 28. According to the online flight information at the capital’s Vnukovo Airport, flights on this route will include a stopover on the island of Zanzibar. Flights will operate three times a week, on Tuesdays, Thursdays, and Saturdays. The program will run until October 24.
Step 3: Tanzanian President Samia Suluhu Hassan is expected on an official state visit to Russia in June, and that will boost bilateral trade and investment, and provide an additional impetus to developing mutual cooperation.
“In preparation for the upcoming high-level meeting, I propose discussing both promising areas and specific projects… and identifying key areas for further cooperation. In addition to trade, these include energy, transport, industry, agriculture, tourism, science, and education,” Reshetnikov said.
The Tanzanian delegation is expected to participate in the St. Petersburg International Economic Forum, which will be held from June 3 to 6. Usually, at the St. Petersburg forum, the African agenda is of great importance. The programme includes the Russia-Africa Business Dialogue, which, since 2016, has been the annual meeting place for representatives of Russian and African business and official communities. Roscongress Foundation organises it.
World
AFC Backs Future Africa, Lightrock in $100m Tech VC Funding Bet
By Adedapo Adesanya
Infrastructure solutions provider, Africa Finance Corporation (AFC), has committed parts of a $100 million investment to fund managers—Future Africa and Lightrock Africa—to boost African tech venture backing.
The commitment to Lightrock Africa Fund II and Future Africa Fund III is the first tranche of a broader deployment, AFC noted.
The corporation added that it is actively evaluating a pipeline of additional Africa-focused funds spanning a range of strategies and stages, with further commitments expected in the near term.
This is part of its efforts to plug a persistent gap in long-term institutional capital on the continent, which constrains the development and scaling of high-potential technology businesses across the continent, especially with a drop in foreign investments.
“Through this commitment, AFC will deploy catalytic capital in leading Africa-focused technology Funds and, in particular, African-owned fund managers,” it said in a statement on Monday.
AFC aims to address the underrepresentation of local capital in venture funding by catalysing greater participation from African institutional investors and deepening local ownership within the ecosystem.
Despite some success stories on the continent, local institutional capital remains significantly underrepresented across many fund cap tables, with the majority of venture funding continuing to flow from international sources.
AFC’s commitment is designed to shift that dynamic, according to Mr Samaila Zubairu, its chief executive.
“Across the continent, young Africans are not waiting for the digital economy to arrive; they are seizing the moment — adopting technology, creating markets and solving real economic problems faster than infrastructure has kept pace. That is the investment signal.
“AFC’s $100 million Africa-focused Technology Fund will accelerate the convergence of growing demand, rapid technology adoption, youthful demographics and the enabling infrastructure we are building.
“Digital infrastructure is now as fundamental to Africa’s transformation as roads, rail, ports and power — enabling productivity, payments, logistics, services, data and cross-border trade, while creating jobs and industrial scale.”
Mr Pal Erik Sjatil, Managing Partner & CEO, Lightrock, said: “We are delighted to welcome Africa Finance Corporation as an anchor investor in Lightrock Africa II, deepening a strong partnership shaped by our collaboration on high-impact investments across Africa, including Moniepoint, Lula, and M-KOPA.
“With aligned capital, a long-term perspective, and a shared focus on value creation, we are well positioned to support exceptional management teams and scale category-leading businesses that deliver attractive financial returns alongside measurable environmental and social outcomes,” he added.
Adding his input, Mr Iyin Aboyeji, Founding Partner, Future Africa, said: “By investing in AI-native skills, financing productive tools such as phones and laptops, and expanding energy, connectivity and compute infrastructure, we can convert Africa’s greatest asset — its people — into critical participants in the new global economy. AFC’s US$100 million commitment is the anchor this moment demands.
“As our first multilateral development bank partner, AFC is sending a clear signal that digital is as fundamental to Africa’s transformation as agriculture, manufacturing and physical infrastructure. We trust that other development finance institutions, insurers, reinsurers and pension funds will follow AFC’s lead.”
World
Dangote Secures Uganda’s Support for East African Refinery Ambition
By Adedapo Adesanya
Dangote’s East African refinery plan gained momentum as Ugandan President Yoweri Museveni threw his support behind the proposed project following talks with Mr Aliko Dangote.
In a tweet posted on X (formerly Twitter) on May 17, 2026, the Ugandan President announced that he had met with the Nigerian billionaire at Nakasero, and revealed that the meeting centred around the development of a proposed 650,000 barrels per day regional oil refinery in East Africa.
Mr Museveni emphasised adding value by refining oil locally rather than exporting crude, to maximise economic and strategic benefits for the region.
He called for greater regional cooperation and market integration in East Africa, highlighting the importance of large-scale projects for shared prosperity.
Business Post has earlier reported that Kenya has been positioned as the central player following Tanzania’s recent denial of its support of the project.
Mr Dangote said the East African country was his preferred choice due to its established fuel logistics network and port infrastructure serving several neighbouring countries.
In the latest development, the Ugandan president explained that his primary focus remains on value addition.
He detailed why Uganda has historically refrained from exporting raw crude oil, arguing that doing so allows foreign entities to exploit the country’s natural resources and reap the financial rewards of refined products.
“Without refining our oil, it would not make economic or strategic sense to simply export crude oil while others benefit from the finished products,” Mr Museveni stated.
The president expressed strong support for a larger regional refinery, describing it as a crucial step toward “African integration and shared prosperity.”
He further emphasised that East African nations must move past an individualistic mindset and overcome fragmented markets, urging regional cooperation to execute large-scale projects that benefit the entire populace.
“We cannot continue operating in fragmented and weak markets,” Mr Museveni wrote. “If East Africa works together, such projects become more viable and beneficial to our people.”
“Uganda is ready to support the regional refinery initiative while also continuing with the development of our own refinery in Hoima,” he added.
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