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Russia, South Africa Step up Efforts on BRICS 2018 Summit

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BRICS

By Kester Kenn Klomegah

Russia and South Africa have recently stepped up efforts towards finalizing “the most significant issues” relating to the 10th edition of BRICS Summit scheduled to take place from 25-27 July in Johannesburg, South Africa.

According to official documents, BRICS is an informal association of five major emerging national economies: Brazil, Russia, India, China and South Africa. The group, founded in June 2006 at the St. Petersburg International Economic Forum (SPIEF), first known as BRIC prior to inclusion of South Africa in 2009. It has yearly rotating chairmanship among its five members.

After Jacob Zuma’s resignation in February, Russian President Vladimir Putin has maintained very close working contact and cooperation with the new South African leader Cyril Ramaphosa.

The Kremlin speaks about a very high strategic level of partnership while praising the joint activities of the two countries in the area of foreign politics, in particular within the United Nations, BRICS (an association of Brazil, Russia, India, China and South Africa).

In mid-May, Foreign Affairs Minister Sergey Lavrov meeting with South African Deputy President David Mabuza expressed high optimism when he said: “Our presidents talked not so long ago, on March 23. They agreed to continue a course toward the comprehensive development of our relations in all areas. And, of course, we agreed to have a special meeting during the BRICS summit to take place in Johannesburg at the end of July.”

In his turn, Mabuza thanked Lavrov and handed him a special message from the South African president addressed to Russian President Vladimir Putin which experts interpreted as part of the preparations towards the next BRICS summit. As protocol demands, Mabuza did not disclose its contents.

Instead, Mabuza laid emphasis on his country’s interest in enhancing foreign policy coordination with Russia and praised its consistent line of principle on supporting the efforts of the African community to find consensus-based solutions to the continent’s political and socio-economic issues.

On May 17, as a follow-up to series of consultations on the summit, Deputy Foreign Minister and Russia’s BRICS, Sherpa Sergey Ryabkov, also met with Ambassador of South Africa to the Russian Federation, Nomasonto Maria Sibanda-Thusi. During that meeting, Ryabkov reaffirmed Russia’s readiness to provide all the necessary support to its South African friends in holding a successful BRICS summit.

The officials had a mutually engaging discussion on a number of issues on the broad agenda of multifaceted cooperation within BRICS. Both sides expressed confidence that during South Africa’s BRICS presidency the group will make great strides in strengthening strategic partnership in all three key areas of the organisation’s focus: peace and security, economy and finance, and cultural and humanitarian ties.

Brics-Africa Dialogue

Russia is very instrumental in deepening constructive dialogue between BRICS and African countries, including through the “BRICS Plus” mechanism. This year, the chairmanship plans to invite Africans to the 10th anniversary BRICS summit in Johannesburg.

Early March, Foreign Minister Sergey Lavrov reiterated in an interview with the pan-African monthly Hommes d’Afrique magazine in the run-up to his tour of African countries: “We support deepening the BRICS-Africa dialogue, which was launched in Durban in 2013 during the meeting between the association’s member-countries, the African Union leadership and the leaders of eight leading regional integration associations.”

“We believe that the ‘BRICS Plus’ concept approved last year lays the foundation for making the practice of inviting chairpersons of the African Union and, possibly, other African regional associations to the BRICS summits systemic,” he explained.

As South Africa has taken over BRICS chairmanship, Lavrov is particularly pleased to note that “our South African friends intend to make African issues part of the BRICS agenda, discuss the key problems and challenges facing the continent,” he said. “For our part, we welcome this approach.”

NDB Financed Projects

The BRICS New Development Bank (NDB) and Business Council are two significant features, among others, of BRICS group. The NDB finances projects while the main tasks of the Business Council is to identify problems and difficulties, which hinder growth of economic, trade, business and investment cooperation between BRICS countries.

The bank’s first non-sovereign project was a $200 million loan to Brazil’s Petrobras for an environmental protection scheme and the second a $200 million loan to South Africa’s Transnet to reconstruct a port in Durban. The NDB has also extended funds for projects in Karelia, Russia. The NDB is currently considering to extend another substantial loan for two projects in Russia – the Amur gas processing plant (GCP) and the petrochemical plant in Tobolsk – by the year-end, according to the Russian Finance Ministry.

As expected, African leaders and Experts believe that the NDB pays particular attention to the viable projects on African continent. “The New Development Bank is just starting its operation but it will soon work in full swing,” Lavrov explained. “Projects discussed at the initial stage pertain only to the territory of five BRICS countries. Potential projects outside BRICS is the next stage. However, special attention will be clearly paid to the African continent because an office of the BRICS New Development Bank will be situated in South Africa.”

The agreement on establishing the BRICS New Development Bank concluded on July 15, 2014 in Brazil’s Fortaleza. The bank’s starting capital was set at $100 bn. The Shanghai-headquartered bank has been set up to finance infrastructure projects and sustainable development projects in BRICS member countries and in other developing countries.

Future Steps

On June 4, the BRICS Council of Foreign Ministers held a meeting in Pretoria, South Africa. According to the Ministry of Foreign Affairs report that meeting was largely aimed at outlining significant tasks for future and that include a wide range of issues pertaining to the maintenance of international peace and stability, the global economy, interaction between the BRICS countries and the coordination of their positions in the complicated conditions of global political turbulence.

There were in-depth talks on the situation in the world’s trouble spots and common goals in the face of new challenges and threats, primarily efforts against international terrorism and for international information security.

One of Russia’s priorities is to promote strategic partnership among the BRICS countries. Over the past years, this group of five large rising economies has developed from an interest club into a comprehensive mechanism of multifaceted strategic partnership. The group has developed a network of industry-specific cooperation, contacts and cooperation between their business and research communities and civil societies.

The five BRICS countries are working towards indivisible security, stronger international stability in all dimensions, collective efforts to settle crises by political and diplomatic means, and multilateralism. They reject military interventions, unilateral economic enforcement measures, protectionism and unfair competition. The BRICS countries are working together to protect the system of multilateral trade based on the central role of the WTO as the only universal platform for formulating the rules of global trade.

The BRICS countries are working to find new sources of economic growth. The group played a major role in promoting the reform of the IMF. It has created the New Development Bank and the Contingent Reserve Arrangement to help modernise the architecture of global governance and financial security.

The five BRICS countries support the implementation of the 2030 Agenda for Sustainable Development and the Paris Agreement on Climate Change.

The BRICS countries focused on consolidating and diversifying the mechanisms of multifaceted cooperation and finding new spheres of cooperation. BRICS is open to the world and consistently expanding its ties with concerned countries and integration associations.

The BRICS member countries (Brazil, Russia, India, China and South Africa) collectively represent about 26% of the world’s geographic area and are home to 2.88 billion people, about 42% of the world’s population.

Kester Kenn Klomegah filed in this report from Moscow.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Nigeria Summons South Africa Envoy Over Xenophobic Attacks

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South Africa Xenophobic Attacks

By Adedapo Adesanya

Nigeria’s Ministry of Foreign Affairs has summoned South Africa’s Acting High Commissioner to complain about xenophobic attacks against its citizens, weeks after a similar complaint was lodged by Ghana.

The ministry called the meeting to convey “profound concern regarding recent events that have the potential to impact the established cordial relations between Nigeria and South Africa,” it said in a statement posted on X on Monday.

It noted that the country is aware of the growing discontent among Nigerians concerning the treatment of their nationals in South Africa, but implored calm while it plans to repatriate those willing to return home voluntarily, amid growing fears that recent attacks on foreigners there could escalate.

Foreign Minister, Mrs Bianca Odumegwu-Ojukwu, said 130 applicants had already registered for the exercise, adding that the number was expected to rise.

She expressed President Bola Tinubu’s concern about the attacks in the southern African nation, and condemned the violence against foreign nationals and demonstrations characterised by “xenophobic rhetoric, hate speeches and incendiary anti-migrant statements”.

“Nigerian lives and businesses in South Africa must not continue to be put at risk, and we remain committed to working to explore with South Africa ways to put an end to this,” she said.

She cited the killing of two Nigerians in separate incidents involving local security personnel, insisting that her government was demanding justice.

She said the Nigerian president’s priority was for the safety of citizens and “consequently, arrangements are currently underway to collate details of Nigerians in South Africa for voluntary repatriation flights for those seeking assistance to return home”.

According to reports, four Ethiopian nationals have also been killed in recent weeks, while there have been attacks on citizens of other African countries.

South African President Cyril Ramaphosa has condemned the attacks but also cautioned foreigners to respect local laws.

He used his Freedom Day address last week – marking the country’s first democratic elections in 1994 – to remind South Africans of the support other African nations had given in the struggle against the racist system of apartheid.

However, anti-immigrant groups in South Africa have accused foreigners of being in the country illegally, taking jobs from locals and having links to crime, especially drug trafficking.

They have also reportedly been stopping people outside hospitals and schools, demanding to see their identity papers.

Last month, Ghana summoned South Africa’s top envoy after a video was widely shared showing a Ghanaian man being challenged to prove he had the correct immigration papers.

Anti-immigrant sentiment rose earlier this year after reports that the head of the Nigerian community in the port city of KuGompo (formerly East London) had been installed in a traditional role often translated as “king”. Some South Africans in the local area saw this as an attempt to grab political power and kicked against it.

South Africa is home to about 2.4 million migrants, just less than 4 per cent of the population, according to official figures. However, many more are thought to be in the country without official authorisation. Most come from neighbouring countries such as Lesotho, Zimbabwe and Mozambique, which have a history of providing migrant labour to their wealthy neighbour.

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United States Building Entrepreneurial Partnerships With Africa

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US-Africa Business Summit

By Kestér Kenn Klomegâh

Within the heightening of geopolitical tension, the United States is actively building diversified entrepreneurial partnerships with African countries, reviewing and restyling working relations with relevant institutions and adopting new policy frameworks largely based on African-led initiatives. The economic policy architecture concentrates more on bilateral partnerships, but with some variation of investments in infrastructure and exploiting natural resources, while taking into account the needs of individual African countries.

In the context of broadening economic dimensions, the Corporate Council on Africa (CCA) and the Government of the Republic of Mauritius have agreed to hold the 18th US-Africa Business Summit on July 26-29, 2026.

According to reports, Dhananjay Ramful, Minister of Foreign Affairs, Regional Integration and International Trade of the Republic of Mauritius and Ms Florizelle (Florie) Liser, President and CEO of CCA, signed the agreement on the sidelines of the United Nations General Assembly in New York.

The US-Africa Business Summit is one of the most important business platforms that annually brings together African Heads of State and Government, Ministers, high-level US and African Government Officials, CEOs, and senior executives of the US and African companies to explore investment, trade and commercial opportunities.

The selection of Mauritius as the host country for the 18th US-Africa Business Summit bears testimony to the deep commitment of the country to play a key role in strengthening a mutually beneficial trade and investment relationship between Africa and the United States. Both envision facilitating bilateral trade and building long-term and high-value economic partnerships.

Positioned at the crossroads of Africa and Asia in the Indian Ocean, Mauritius is recognised for its political stability, reform-driven economy, strong governance, innovation-friendly policies and high-quality local infrastructure. It offers a strong regulatory framework, a sophisticated financial services sector, and a proven track record as a gateway for investment into Africa. As a dynamic financial and trade hub, Mauritius is an ideal setting for the 2026 US-Africa Business Summit.

With momentum building across both public and private sectors, this Summit provides an excellent opportunity for participants to engage on critical issues impacting the US-Africa trade and investment relationship and strike landmark deals in key sectors such as energy, infrastructure, agri-business, health, ICT and financial services that will have a high impact on the lives of African and American citizens, enterprises, workers and consumers.

In a thoroughly analytical study, the CCA has broadened its operational focus to the entire Africa, strategically dealing with institutions that matter for implementing its economic policy initiatives. In order to ensure a significant degree of success, CCA is seriously addressing the complex diversities on the continent, explaining to leaders within the political structures the essence of large-scale cooperation.

Florie Liser, President & CEO of CCA, said: “We are delighted to bring the 2026 U.S.-Africa Business Summit to Mauritius, a country known for its strategic location, strong governance, and dynamic business environment. This Summit will provide a critical platform to strengthen U.S.-Africa economic relations, explore investment opportunities, and foster partnerships that will increase two-way trade.”

Liser underlined the fact that high possibility exists for stronger engagement through initiatives that support trade and investment (including renewal of the African Growth and Opportunity Act (AGOA), and continued policy and financing support by key US government agencies including the Export-Import Bank of the U.S. (Eximbank), Development Finance Corporation (DFC), US Trade and Development Agency, Departments of State and Commerce, US Trade Representative and others.

The Dhananjay Ramful, Minister of Foreign Affairs, Regional Integration and International Trade of the Republic of Mauritius, stated: “Mauritius is honoured to host the 2026 US -Africa Business Summit and play a key role in strengthening a mutually beneficial trade and investment relationship between Africa and the United States. Our nation has long been a bridge between Africa and the world, and we are committed to creating an enabling environment that encourages trade, innovation, and inclusive growth. Hosting this prestigious gathering further underscores Mauritius’ role as a hub for investment and partnership in Africa.”

The United States brings a distinct and compelling value proposition to partnerships in Africa, grounded in transparency, high standards, and a long-term commitment to mutually beneficial US-Africa economic and commercial partnerships. In addition, the US companies are known for delivering quality products and services, fostering innovation, and building partnerships that prioritise local value creation, skills transfer, and economic impact. These are not short-term engagements—they are investments designed to support businesses and growth on both sides of the Atlantic.

That means continuing to mobilise capital, support competitive US participation in African markets, and ensure that partnerships are responsive to the priorities of African countries. The role of the Corporate Council on Africa is to help bridge that gap—connecting businesses to opportunities, advocating for policies that enable investment, and ensuring that the US–Africa commercial relationship remains strong, competitive, and mutually beneficial.

The Corporate Council on Africa (CCA) is the leading US business association focused solely on connecting business interests in Africa. It encourages US-Africa private sector partnerships and advocates for a business climate conducive to long-term investment. Founded in 1993, CCA has been at the forefront of fostering strategic partnerships, promoting investments, and facilitating trade between the United States and the diverse nations of Africa.

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Outcome of Russia-Congo Strategic Talks

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Russia-Congo Strategic Talks

By Kestér Kenn Klomegâh

Congolese President Denis Sassou Nguesso tightly embraced and shook hands with President Vladimir Putin, signalling the highest level of cordial friendship, and later settled down for official talks focusing on strengthening the multifaceted Russian-Congolese comprehensive strategic economic partnership, including in the context of the upcoming high-level third Russia-Africa Summit scheduled for October 2026.

In St George’s Hall of the Grand Kremlin Palace, Putin told his Congolese counterpart, Denis Nguesso, and the delegation that there were “good prospects for developing relations in a variety of areas” and reminded them that the full-fledged relations between Russia and the Congo have been making strides. Russian companies are ready and eager to work in the country’s market, primarily because the political situation has been stable, which is good for business. The Intergovernmental commissions are operational.

Denis Nguesso’s official visit, from April 28 to 29, has immense significance for the Kremlin. Moscow is stepping up to tackle important corporate investments ranging from an industrial and technological standpoints, which open pathways for knowledge transfer, human capital development, and Congo’s integration into defence innovation value chains. At the geo-strategic level, Moscow is seemingly positioning itself as a regional security hub and as an incredible partner, particularly in Congo, while strengthening a broader strategic influence in the central African region.

On the agenda, Russia will begin design work this year for the construction of an oil product pipeline in Congo, under an agreement signed in 2024. The Pointe-Noire – Loutete – Moluko-Tresho oil product pipeline that Russia plans to build in the African country under an intergovernmental agreement is supposed to go into operation by the end of 2029.

It was reported earlier that Russia is hoping to create a channel for shipping oil products that is protected from sanctions by building this pipeline in the Congo, as well as becoming a strategic partner in ensuring the energy security of the whole region. The agreement on the project, which was signed in Moscow on September 28, 2024, provides for the creation of favourable conditions to carry out the pipeline’s construction.

Under the agreement, the authorised organisations responsible for the implementation of the project are Zakneftegazstroy-Prometei LLC and the National Petroleum Company of Congo (SNPC), which is the client of the project. They will form a joint venture to carry out the project in which the Russian side will own a 90% stake and the Congolese side will hold 10%.

A build-own-operate-transfer concession agreement will be signed with the joint venture to build and operate the pipeline for 25 years, with a guaranteed price for transport that will ensure the utilisation of the pipeline and a return on investment in the project. The Russian Ambassador to Congo, Georgy Chepik, said earlier that the pipeline will run between the country’s two largest cities, Pointe-Noire and the capital Brazzaville.

In particular, the two sides discussed the prospects of implementing joint projects and forging mutual cooperation prospects in a wide range of areas, including geological prospecting, energy, logistics, agriculture, trade, and manufacturing. The sides also “noted readiness to gradually increase their transport cooperation. The Republic of Congo is seen as a key logistics hub in Central Africa and a crucial participant in a promising international transport route between Russia and the African continent,” the statement said.

Nearly 80% of the population still lives in abject poverty, even though the country boasts huge resources. Congo is the fourth-largest oil producer in the Gulf of Guinea, providing the country with a high degree of potential prosperity, despite its internal ethnic conflicts and economic disparity. It has a large untapped mineral wealth and large untapped metal, gold, iron, and phosphate deposits. In 2018, the Republic of the Congo joined the Organisation of Petroleum Exporting Countries (OPEC).

Historical records show that Denis Nguesso, several times as a civil servant during the Soviet era, and as president, visited Russia, including participation in the two Russia-Africa Summits held in Sochi and St. Petersburg, and consequently was gifted with a collage of photographs and Pravda newspaper clips documenting these visits. President Putin has also awarded him with the Order of Honour, while Moscow State University of International Relations (MGIMO) gifted him with a Doctorate Degree. The document, published on the Kremlin website, for instance, says Nguesso has been honoured with the award “for his major contribution to boosting and strengthening relations between the Russian Federation and the Republic of the Congo.”

Congolese Denis Nguesso, who has shuttled frequently between his city and Moscow, underlined the fact that bilateral relations have been developing for many decades. These are ties of solidarity and cooperation that bind the two parties in all areas, including security, defence, and the economy. He emphasised the point that the time has arrived to act more concretely, to accelerate the implementation of the jointly elaborated programme. Both parties will have the opportunity to sign more bilateral agreements in Brazzaville in September 2026, before the new Russia-Africa summit, to be held in Moscow.

The third Summit is expected to solidly reaffirm the development of relations between African states and the Russian Federation. For decades, Russia has supported Africa’s ideals for freedom, independence and sovereignty. Next, Russia-Africa cooperation has a big future. Africa is rich in resources. And Russia contributes to efforts to ease the debt burden that African countries are facing. The total debt Russia has cancelled, previously and so far, stands at $23 billion, according to reports.

In addition, Russia and African states have coordinated efforts for building a new, fairer global architecture, and further working together to protect international law, the UN Charter and the central role of that global organisation, while at the same time, trying to coordinate their positions on the main issues on the international agenda. African regional structures have substantially enhanced these geopolitical profiles, and within the general objectives of the African Union.

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