World
Russia Unlocking Africa’s Food Security: Model of Connectivity and Collaboration
By Kestér Kenn Klomegâh
With geopolitical developments shaping the world, Africa is expectedly changing with the times. It has gone far, particularly with Russia, opened new directions in bilateral economic cooperation after their joint historic summits.
It is also time to make critical appraisals of Russia’s policy towards Africa. By next year 2026, Russia’s strategic plan to ensure and support food security may fade away its its policy mainstream.
First and second summits witnessed agreements and declarations signed to tectonic applause with an unwavering decision characterized by increasing food and agricultural products, including grains and chicken meat across Africa.
There was also an underlined promised to ferry unspecified huge amount of fertilizer to Africa. Africa leaders expressed an excitement to the announcement of this partnership with the Russian Federation. But now these aspects of Russian-African partnership on food security would likely change, primarily due to Africa adopting import substitution policy and redirecting focus on radical measures to improve domestic agricultural production.
On May 13, the Intergovernmental Commission for Trade and Economic Cooperation, during the meeting in St. Petersburg, Economic Development Minister Maxim Reshetnikov, who co-chaired the meeting with Planning and Investment Minister Kitila Mkumbo, noted Tanzania’s geographical location as a single window for Russian products entering the East African market.
More than 40 Russian companies are currently interested in exporting animal products and a few others to Tanzania and to East Africa region. The participants emphasized the country could be a conduit and entry-gate through which to reach East African region with Russia’s agricultural exports, and that would generate an estimated US$15 billion in revenue for Russian government.
What is important, and the most interesting fact here, Tanzanian economy is heavily based on agriculture. It has a vast arable land for farming. But Tanzania, like many other African leaders, are readily addicted to spend huge budget importing goods that they can locally.
According to the Economic Development Minister Maxim Reshetnikov many potential state buyers expressed interest in such imports, reiterated Russia’s preparedness to ensure food security.
In a similar direction, earlier on as reported by Interfax Information Agency, the Agroexport Center of the Ministry of Agriculture listed 25 African countries.
In an interview, Russian Union of Grain Exporters and Producers Chairman, Dmitry Sergeyev, at the 4th Russian Grain Forum in Sochi, emphasized that the potential export destinations for Russian grain crops in the current season included Algeria, Kenya, Nigeria, Libya, Morocco, Tunisia, Tanzania and Sudan in Africa.
In recent seasons, shipments to Algeria, Israel, Kenya, China, Libya and Morocco have increased manifold or even by an order of magnitude. The first shipments were made to Djibouti, Gambia, the Central African Republic, and Eritrea.
“Russia is a reliable exporter of wheat to countries in Africa. We currently occupy a third of the entire African wheat market, exporting to 40 African countries overall. The most notable success of recent years was the sharp increase or start of exports to Algeria, Libya, Kenya, Morocco, Tunisia, and Tanzania,” Dmitry Sergeyev told Interfax News Agency.
The African grain market held many prospects in light of fast population growth, the growing middle class and increasing purchasing power. Although, it would be a mistake to refer to Africa as a monolith, as it has five sub-regions, which differ significantly from each other. Therefore, Russia is developing its relationship with different African countries in different ways.
“On the other hand, there are some other countries in central and southern parts of the continent, which often lack sufficient infrastructure and are logistically hard to reach – we have to interact with them via international traders. Increasing grain exports to Africa require a comprehensive approach encompassing logistics, storage and processing. We are already taking certain steps in this direction,” explained Dmitry Sergeyev.
Given it’s keenness not only in supplying but increasing agricultural products and fertilizers, Russia’s remote aim was to raise revenue from these importing African countries. These African countries are blessed with huge expanse of agricultural lands, the human resources are enormous just need support and encouragement from the government institutions and agencies.
Local African agriculturists have complained bitterly of gross lack of state support, and yet governments allocated huge large part of national budget to import on bilateral agreements, goods and service that could be made and obtained at home.
African leaders are solidarizing their interests by sacrificing local production, and under-utilizing available resources. Russia consistently challenges American and European hegemony, asked Africa to transact deals using their local currencies.
Resultantly, Africa has to abandon the importance of American dollar, and still pursue corporate agreements to review and possibly extend AGOA for the next 10 years.
In 2024, financial remittances amounted to $58 billion from United States to Africa. Meanwhile, Kremlin and Russian companies rarely announce financial figures for investment in various sectors. The stark reality is that Russia, at best and based on its rising ‘soft power’ and political influence, could further balance strategic powers with building comprehensive investment partnerships in Africa.
Local Russian media reported series of Russia’s exports to Africa, praised Kremlin’s efforts to feed Africa but further warned against growing Africa’s growing dependence on imports. Policy experts have set more alternative tones, at both Russia-Africa summits and several similar conferences, for rather focusing on stronger agricultural initiatives inside Africa.
Generally, the proposed suggestion was to push for greater collaboration on Africa’s greater self-reliance on domestic agricultural production. These have, since then, remained a top-scale challenge featuring in Russia-Africa economic cooperation.
As PhosAgro’s First Deputy CEO, Siroj Loikov, noted during the briefing in early July 2025, PhosAgro not only continues to strengthen its position as the leader in terms of total supply of all mineral fertilizers to the priority Russian market, but also remains a key supplier of phosphate-based fertilizers to the countries of the Global South, including African countries.
Over the past decade, PhosAgro’s exports have nearly doubled and achieved 8.6 million tonnes in 2024. Today, Africa is a key focus for the Company’s international growth strategy. PhosAgro supplies its products to 21 African countries. The top five African importers of the company’s agrochemical products include South Africa, Côte d’Ivoire, Ethiopia, Morocco, and Mozambique.
With its extensive product line, PhosAgro is well positioned to address the specific needs of African regions, offering customers the best solutions while also making a significant contribution to the continent’s food security.
Over the next five years, PhosAgro expects to double deliveries to the continent. There were some praises, but on other side also raised significant concerns over extremely high cost of logistics and the resultant effects on prices for importing African governments.
In addition, leading agronomy researchers and practitioners say Russian chemical fertilizers and its agrochemistry have had negative effects on crop production and livestock farming, simply not compactible with the local soil conditions.
Therefore, the practical solution would be to settle for suitable alternatives. It would be line to adopt import substitution, to largely cut importation cost and preserve the environment. Moreso, local production invariably creates some employment for the youth.
Speaking at the 32nd Afreximbank Annual Meeting, Entrepreneur Aliko Dangote, believes Africa could be a ‘Heaven’ within five years (until 2030)—if Africans think boldly and act with purpose. His position was that Africans can shape their own future, urging leaders to prioritize long-term development over reliance on foreign industrial sources.
Dangote has already exemplified this ‘local self-reliance’ through his $20 billion refinery in Lagos—the largest single-train facility in the world—which is already reshaping Africa’s energy landscape and challenging Europe’s $17 billion gasoline export market.
Furthermore, Dangote plans to generate $30 billion in revenue next year and become the top global urea exporter—bringing his vision of African industrial might closer to reality.
Reports indicated that Nigeria first-class entrepreneur, Aliko Dangote would establish under a major agreement to engage in large-scale production of fertilizer for the Eastern Africa. The estimated $3 billion aims at stabilizing supply and enhance agricultural productivity. Ethiopia and neighbouring countries have faced shortages and worse, spent much importing from abroad. The shortages have also worsened due to foreign currency constraints, logistical delays and geopolitical instability.
Located near the Ethiopia-Djibouti logistics corridor, the Dangote Fertilizer, the largest granulated urea fertilizer complex in Africa, has played a vital role in in reducing Nigeria’s reliance on imported fertilizers and supporting the country’s agricultural sector. The expansion in interpreted as part of measures to solidify Dangote Fertilizer’s presence in the African fertilizer market, ensuring regular supply, and support regional agricultural growth.
Several policy experts have, over the past few years, suggested to African leaders and their governments to drastically halt importation of agricultural items that can be produce locally, redirect funds in supporting local farmers. The most prominent reasons are obviously to increase local productivity, create employment while addressing multiple obstacles confronting African agricultural production.
Quite recently, the Board of Directors of the African Export-Import Bank (Afreximbank) and African Development Banks have also told African leaders to halt imports, and further announced financial allocation for the African agricultural sector. Shareholders in both banks have also advised to accelerate efforts in boosting intra-African agriculture.
Under an agreement, Afreximbank is financing the construction works related to the fertilizer plant based in Soyo, Angola. This transformative $2 billion fertilizer plant project reflects the commitment of OPAIA Group to the Southern African country’s industrial and agricultural development in partnership with globally renowned technical companies such as KBR, TOYO Engineering Corporation, WeDO, and Wuhan Engineering Company.
Speaking at the signing ceremony on behalf of the President of the Bank, Ms Oluranti Doherty, Managing Director, Export Development at Afreximbank said: “Afreximbank is pleased to lead the mobilization of capital for this project, recognizing the importance of Amufert SA’s ammonia and urea production plant to regional and national food sovereignty, via the localization of fertilizer production in Angola. When commissioned, the fertilizer plant will facilitate higher agriculture yields, higher production, and an increase in export volumes of agriculture products from Angola.”
Agostinho Kapaia, Chairman of OPAIA Group, said: “This project represents much more than the construction of a factory. It is a key element in the economic development of Angola and Africa, a driving force for the growth of industry and a concrete solution to the urgent need to increase agricultural production and guarantee food security for future generations.”
With a production capacity of 4,000 metric tons per day, the Amufert S.A. plant is expected to revolutionize Angola’s agricultural sector, significantly reducing the country’s reliance on imported fertilizers.
The project will generate significant benefits, including the creation of 4,700 jobs — 3,500 during the construction phase and 1,200 permanent positions once completed. It will also contribute to Angola’s economic diversification by leveraging natural gas resources, thereby reducing reliance on oil revenues.
Additionally, the initiative will support farmers by ensuring a consistent supply of affordable, high-quality fertilizers, boosting agricultural productivity and enhancing food security.
This will not only enhance Angola’s agricultural resilience but also position the country as a leader in fertilizer production across Africa. Surplus production will enable Angola to become a key fertilizer exporter within Africa, fostering regional economic integration and promoting intra-African trade.
In a short policy summary, the challenges of Russia’s increased agricultural exports instead of focusing on investment in local production in Africa may ultimately be reviewed taking into serious consideration import substitution measures being adopted by African States.
For championing environmental urgency and import substitution policy, Africa must lead a bold policy shift, not for geopolitical solidarity but for attaining an economic sovereignty.
World
CANAL+ Eyes MultiChoice Turnaround as Stocks Debut on JSE
By Adedapo Adesanya
CANAL+ has expressed confidence in its ability to turn around the fortunes of struggling broadcaster MultiChoice as it marks a milestone by becoming the first French company listed on the Johannesburg Stock Exchange (JSE).
The secondary listing of CANAL+ signals strong international confidence in South Africa’s capital markets and reinforces the JSE’s role as a conduit between global capital and African growth opportunities, it said in a statement.
CANAL+ enhances the JSE’s sectoral diversity and provides local investors with direct, rand-denominated exposure to a globally diversified media and entertainment business with a significant African footprint. CANAL+ listed on the London Stock Exchange in December 2024.
The group’s listing on the JSE aligns with its long-term strategy to expand its presence in high-growth markets, particularly in sub-Saharan Africa, where rising connectivity, a young and growing population (expected to increase by 800 million by 2050), strong GDP growth (4.5 per cent growth expected between 2026 and 2030) and accelerating demand for content and connectivity continue to drive sector growth.
The JSE listing will increase CANAL+ liquidity and enable African investors to benefit from CANAL+ growth.
According to Mr Maxime Saada, CEO of CANAL+ said, “Joining the Johannesburg Stock Exchange is a statement of our ambition and illustrates our belief in Africa’s future and its creative industry.
“We are proud to become the first French company ever to list in Johannesburg and the only global media and entertainment company listed on the exchange.
“Following our listing on the London Stock Exchange 18 months ago, this dual listing reinforces our ambition to be a bridge between Europe and Africa and anchors our dual-continental approach, consolidating our unique position in the global media and entertainment industry,” he said.
He noted that CANAL+ serves more than 40 million subscribers and generates €9bn in annual revenue.
“Africa will be our growth engine for years to come, and we are dedicated to creating value on the continent and sharing it with our African partners, investors and the creative community. By welcoming African investors, we deepen our roots, diversify our investor base and lay the foundation for the next phase of our growth.”
Commenting on the listing, Ms Valdene Reddy, Group CEO of the JSE, said, “We are proud to welcome CANAL+ to the JSE and to mark the first listing of a French company on our exchange.
World
AfDB President Sees More African Nations Regaining Investment-Grade Ratings
By Adedapo Adesanya
The President of the African Development Bank (AfDB), Mr Sidi Ould Tah, says more African countries are likely to regain or achieve investment-grade credit ratings by next year as reforms begin to deliver results and economic growth accelerates.
Several African sovereigns have already been upgraded in recent months, including Nigeria. However, Nigeria is not yet near investment-grade status.
In May, S&P Global Ratings upgraded Nigeria’s sovereign credit ratings to ‘B’ with a stable outlook, citing structural reforms under President Bola Tinubu and key drivers like higher oil production and improved fiscal revenue.
The country is still five notches from investment-grade. Under S&P’s rating scale, the progression follows— B → B+ → BB- → BB → BB+ → BBB- (investment grade).
S&P raised Morocco to investment grade last year and increased South Africa by one level to BB in November. Ghana, Zambia, the Ivory Coast and Kenya have also benefited from positive rating action linked to fiscal, debt and economic reforms.
“We’re quite confident that the continent will continue to grow very strongly and that African countries will be better rated in the coming years,” Mr Ould Tah said in an interview with Bloomberg.
“We’ve seen Morocco receive investment grade during the last few months, and we expect other countries by next year to get toward that,” he added.
The outlook reflects improving fiscal positions and reforms implemented across countries on the continent, even as the conflict in the Middle East threatens to slow economic growth and raise costs for energy-importing nations. Better credit ratings can help countries borrow at lower rates and fund development projects.
The AfDB projects the continent’s gross domestic product expansion will accelerate to 4.4 per cent next year, if the conflict in the Middle East does not extend for a longer period. It expects the continent to slow to 4.2 per cent this year.
The war in Iran has benefited oil producers such as Nigeria, Angola and Gabon, while exerting pressure on the fiscal positions of net energy importers such as South Africa, Kenya, Ghana and Senegal.
Mr Ould Tah said the bank is ready to support countries facing budget constraints and high debt burdens due to the impact of the Iran crisis, including increasing credit lines to them.
“The board of directors of the bank will examine in the coming days how the bank can increase the volume of resources it will provide to its member countries in this specific situation,” he said.
World
State Duma Reviews Africa’s Food Security
By Kestér Kenn Klomegâh
Within the framework of the Expert Council on Africa at Russia’s State Duma, the lower chamber of parliamentarians, during its annual round-table conference, held in late May 2026, focused concretely on food security in Africa.
Under the chairmanship of Deputy Speaker of the State Duma, Alexander Babakov, the council’s round-table session on Russian-African cooperation in the field of ensuring food security, introduction of closed cycle technologies in agricultural and bioeconomy projects, was held in the State Duma.
Opening the meeting, Alexander Babakov noted the importance of continuing cooperation with African countries already in the new convocation of the State Duma, to which elections will be held in September 2026. “I am sure that right from the beginning of the work of the new convocation, the theme of cooperation between Russia and African countries will work as an example for circulation and use in other areas,” he said.
Member of the Committee on the Development of the Far East and the Arctic, deputy chairman of the Expert Council on Africa, Nikolai Novichkov, in his speech stressed the importance of a gradual transition to trade with African high-tech countries. “Our African partners are interested in producing and processing food locally, including earning a living on it,” the parliamentarian stated.
Director of the Department of Partnership with Africa at the Russian Foreign Ministry, Tatiana Dovgalenko, drew attention to the continued importance of the humanitarian component of Russian-African cooperation, which, despite efforts, “unforeseen, including and along the lines of specialised UN agencies, the number of hungry people in the world, according to experts, has been growing over the past few years.” According to Dovgalenko, the food crisis is localised in about 10 countries, four of which are in Africa.
As first deputy chairman of the Committee on International Affairs, Alexei Chepa noted, the food crisis and a number of other serious threats on the African continent are today exacerbated by a complex international situation, with the United States and Israel versus Iran causing rising energy prices worldwide. “This has also reflected on the cost of fertilisers that needed to be purchased previously. Even if prices fall in a few months, the yield still won’t. And there will be problems in Africa. At the same time, we understand that population growth in the coming years will be at Africa’s expense,” Chepa underlined in his contribution at the meeting.
Alexei Chepa also mentioned the special role of security enhancement in Africa, including in countering extremism and terrorism.
As part of the continuation of the work of the roundtable to promote cooperation with African countries in ensuring food security, the introduction of closed-loop technologies in agricultural and bioeconomics projects was discussed. As a traditional procedure, some recommendations are addressed to the Government of the Russian Federation.
In addition to representatives of the State Duma, diplomats, scientists, experts from related fields, representatives of the Government of the Russian Federation and the business community took part in the round-table discussion.
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