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Russia’s Romance With Africa After Soviet Collapse

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Russia Africa Soviet Collapse

By Professor Abdullahi Shehu

The collapse of the Soviet Union and the decades of the 90s seemed to have reversed the gains made in Africa-Soviet Relations and, by extension, in Africa-Russia relations.

Understandably, it was a period of politico-ideological downturn and harsh economic realities for Russia, the successor nation to the Soviet Union. The speech of H. W Bush on December 25, 1991, was clear and unambiguous. He summarized the victory of the value-based American/Western model thus: “This is a victory for democracy and freedom. It is a victory for the moral force of our values. Every American can take pride in this victory.”

Following the collapse of the USSR, a new wave of democratic change blew all over Africa. Old ideological friends of the Soviet Union changed camps in line with the changing political dynamics. Party models became transformed from single-party to multiparty systems in Africa.

Interestingly, ideologues became transformed in favour of the capitalist-democratic model. The United States sub-committee on Foreign Relations in March 1998 commended Laurent Kabila of the Democratic Republic of Congo, Yoweri Museveni of Uganda, Paul Kagame of Rwanda, Meles Zenawi of Ethiopia and Isaiah Afwerke of Eritrea as examples of the power of democracy in Africa. Incidentally, relations with Russia’s traditional friends and those with which it had diplomatic ties were at their lowest ebb. Many Russian missions in Africa were closed down; those unclosed were severely pruned down.

ln the case of Angola, for instance, where the USSR had made tremendous financial, material, technical and military investments, the Soviet-backed Cuban military and technical personnel were all withdrawn at short notice. Demand was made for the repayment of debts owed to Russia by African countries, including her traditional partners, at a seemingly odd time when Africa’s debt burden was unbearable. These measures facilitated a new romance between African and Western partners, the latter of which were all too eager to entrench themselves in the vacuum left behind by the Soviet Union.

Old Music, New Dance

There are at least two specific commendable initiatives towards Africa designed by the government of H.E President Vladimir Putin to re-launch Russia into Africa’s geopolitical space. These initiatives, in my view, tally with the personality of H.E President Vladimir Putin, who, as an agent of the former KGB (now FSB), saw the collapse of the Soviet Union as “the major geopolitical catastrophe of the century”. In this sense, a new partnership with Africa could be defined not in terms of ideology but by alternative economic and developmental options which give Africa competitive parity.

The two initiatives are H.E President Vladimir Putin’s debt cancellation of twenty billion dollars ($20 billion) owed to Russia by African countries, which, in his very own word, “was not only a mark of generosity but also a manifestation of pragmatism”. In 2019, Russia held the first ever “Russia-Africa Summit” in Sochi, in which it committed $12.5 billion in business deals, mainly in Arms and grains.

Analysts may be quick to interpret this as the usual trend, more in the fashion of United States-Africa, China-Africa, Japan-Africa, France-Africa summits, etc; but as observed by Landry Signé between 2005 and 2015, Africa’s trade with Russia grew by 185% a “reawakening” which commenced since the 2000s.

Though this trade surge is worthy of note, the volume of trade between Russia and Africa was $14.5billion per annum in 2020. This figure, however, pales into insignificance when compared with China, whose trade with Africa has attained $165 billion per annum during the same period and $254 billion in 2021, even with its late-comer status in Africa. This is to say that the doubling of trade relations within the next five years between Africa and Russia, as stated by Vladimir Putin in 2019 in Sochi, is not only a vision in the right direction of growing Russia’s partnership with Africa, but it is also a desirable imperative.

As argued by Emman El-Badawy in the article ‘Security, Soft Power and Regime Support: Spheres of Russian Influence in Africa,’ “two distinct, now common explanations, have emerged to explain Russia’s growing interest in Africa. The first argues that Russia is intent on rekindling old Soviet-era ties to the continent to extract resources in return for security assistance – a mutually beneficial yet opportunistic strategy that is, short-term and transactional…

The alternative suggests that Putin considers Africa a so-called second frontier, after Eastern Europe for encircling Western Europe…” These reasons may sound strategic, yet they remain largely speculative and conjectural. Understandably, the perceived geopolitical irrelevance of Africa by Russia has changed, and new dynamics have beckoned on both sides of subsisting opportunities for increased collaboration between Africa and Russia. One clear thing, therefore, is that Africa-Russia relations are on the ascendancy again after the post-Soviet era of passivity and inaction.

Between 2015 and 2019, a total of 20 bilateral military cooperation agreements were signed between Russia and African states. Many Russian companies such as Lukoil, Gasprom, Rosatom and Restec are some of Russia’s energy and power industries which are actively engaged in Nigeria, Egypt, Angola, Algeria and Ethiopia. Here, it must be stressed that in 2018, “Nigerian oil and gas Exploration Company Oranto Petroleum announced that it would be cooperating with Russia’s largest oil producer, Rosneft, to develop 21 oil assets across 17 African countries.”

Unfortunately, this has not materialized due to Rosneft’s lack of interest in doing business in Africa. Additionally, Russian Rosatom has signed nuclear energy agreements with 18 African countries, including Nigeria, Egypt, Ethiopia and Rwanda, to address the power needs of those countries.

In summarizing the Russian strategic policy interest in Africa and given the strong limitation of its current capability, according to Paul Stronski, one time Senior Analyst for Russian domestic politics for the U.S State Department Bureau of Intelligence and Research, “in many respects, Russia’s reemergence in Africa, is an earnest attempt to resume relations where they were left when the Soviet Union departed the scene.”

Continuing, Paul Stronski further argues that “the Horn of Africa represents an opportunity for Russia to secure a springboard for projecting power into the Red Sea, Gulf of Aden and the Persian Gulf. In sub-Saharan Africa, its priority is on exploiting new commercial opportunities and securing diplomatic support for its positions in multilateral institutions.”

The visible signs of Russian activities in the Central African Republic, Mali, Libya and Angola lend incredulity to Stronki’s assertion judging from the concrete deliverables so far enjoyed from Africa-Russia relationships. For instance, when the United States was unwilling to supply Nigeria with arms in 2014 to execute the war against Boko Haram because of allegations of human rights violations, Nigeria was able to place an order for 12 attack helicopters from Russia. To my Russian friends, I say thank you. Thank you on behalf of H.E Muhammadu Buhari, whom I represent. Thank you on behalf of the Nigerian people whom it is my privilege to serve in Russia.

Africa and Neo-Colonialism

Africa may have divested itself majorly from the vestiges of colonial bondage, yet the yoke of neocolonialism continues to bring new challenging shackles which erode the gains of Africa’s independence. As observed by Charles McKelvey (2017), the new struggle is characterized by “core peripheral economic relations that in essence is a continuation of the economic relations imposed by conquest and force during the colonial era… it is a rule through a figure-head bourgeoisie that inserts itself into the structures of economic penetration and exploitation benefiting itself at the expense of the majority of the people in the nation. It finds expression in economic and cultural imperialism, in conditional aid designed to exert influence or indirect control.”

Although Africa is not alone in this new malaise, its emphatic vulnerability is more reflected in Africa by the weaknesses of its institutions and the pervasive invasion of the world order that keeps it in perpetual economic subjugation to the global north. One of the famous speeches of Julius Nyerere, the former President of Tanzania, on “Ujamaa” aptly captures this situation when he said that before independence, fifteen tons of our maize could buy us a car; today, we have to produce twenty-five tons of maize to buy the same brand of car.

It is in light of the foregoing that an international trading system that guarantees equity and fairness needs to be revisited and renegotiated. In this context, I commend the shift of BRICS in its new method of doing business. This is just a beginning and not an end in the long and tortuous road to the route along which a new world order that will be based on equity, fairness and justice will go. There is no doubt that that long road towards a desired equitable world order of which only a step has been taken by BRICS, will have a series of dangerous rivers to cross in its journey to maturation. The visibility of and the potent challenge against the current world order by BRICS is indicative of the order’s waning influence and its global loss of appeal.

Understanding The Realities

Despite the tidal surge in the new Africa-Russia relations and given the strategic role played by the defunct Soviet Union, now succeeded by Russia, in the attainment of the independence of many African countries, both parties must accept the constraints posed by the former (Russia) by the new economic cum geopolitical realities. The acceptance of these new realities is important in order to properly assist in the management of Africa’s expectations from Russia, particularly in the short term.

The first reality is that though Russia is the successor to the defunct Soviet Union, it is not a substitute for the latter economically, materially, geopolitically and financially. Africa’s mindset must therefore change from that of aid-recipient nations to one of the competitive trading nations in which there must be a valuable addition to its primary products.

Next is that, as demonstrated in the recent sanctions imposed on Russia by the West, Africa holds a good prospect for the viability and profitability of Russian manufacturing companies desirous of relocating to Africa in order to capitalize on the advantage of cheap African labour. If the west is declaring fortunes as profits in Africa, Russian companies can also do so only if they agree and are willing to venture out. The booming young population of Africa and its vast reserve of natural and mineral resources provide the catalytic appeal for a such a profitable venture.

Arms Sales and African Security

A very important component in Russia-Africa relations is the supply of military equipment such as battle tanks, warships, fighter aircraft and combat helicopters. Others are small arms such as pistols and assault rifles like the Kalashnikov AK-200 series. Russian soaring arms interest in Africa can briefly be summarized as follows: arms export from Russia to Africa contributes about 35% of global arms export to the African region, while China accounts for 17%. Others are the United States (9.6%) and France (6.9%).

This increasing export of arms to the African continent by Russia could, however, in a sense, exacerbate insecurity and instability, as well as escalate the level of crimes and the proclivity to criminality. It is, therefore, in the strategic interest of Russia to be critically selective in its arms sales to African countries. Of particular worry and strategic concern to Africa is the “deployment of private Russian mercenary groups” as well as other private military groups in countries like Libya, Sudan, Mozambique and CAR. As noted by Paul Stronski, “guns have opened many more doors for the Kremlin in Africa than butter.”

Support for Africa’s democratic institutions and agencies will lead to a more stable Africa which is in Russia’s overall long-term interest and positive image than immediate short-term economic and financial gain.

Changing the Narratives

Although Russia, through the defunct Soviet Union, has had long-standing warm relations with Africa, particularly during the cold war era, today’s realities offer long-term opportunities which can be explored and exploited by both sides to advantage. An example is that with Africa’s bourgeoning young population and the increasing quality of that population through education, the exportation of Africa’s raw materials to Europe and, by extension, Russia is no longer a feasible and sustainable trajectory in any meaningful Africa-Russian long-term relations. As a viable alternative and sustainable option, I foresee an Africa which will demand more of Russian direct engagement in the extractive and manufacturing sectors.

Today, for instance, Nigeria offers Russia the advantage of that cheap and robust labour. Given Russia’s recent experience of sanctions by America and its western allies, a new model of doing business with Africa through investment has become not only sustainable but also imperative. Perhaps, one of the sectors where this model of doing business can be symbiotically harnessed is in the field of agriculture and its value chain as a result of the steep rise in the large African market and the projected certainty of huge returns on investment in this sector.

Africa holds a sizeable amount of the world’s natural resources. However, as noted by Jideofor Adibe, “Russia – just like other major powers – also covets many of Africa’s raw materials and is creating joint projects and investments in order to access them. From the Democratic Republic of the Congo to the Central African Republic, Russian companies are scaling up their activities in the mining of resources such as coltan, cobalt, gold and diamonds.

In Zimbabwe, for instance, a joint venture between Russia’s JSC Afromet and Zimbabwe’s Pen East Ltd is developing one of the world’s largest deposits of platinum group metal”. Such an example of Russia’s visibility in the collaboration and the exploitation of African natural resources can be extended to the development of vast mineral deposits in, for example, Nigeria. In this connection, contacts have been initiated with the Hon. Minister for Solid Mineral Development of the Federal Republic of Nigeria to initiate business with JSC Afromet so as to jointly explore and exploit the comparative advantage that Nigeria enjoys in its solid minerals.

Given the challenges that most African countries face in providing adequate power and energy, the number of Memoranda of Understanding (MOU) that Rosatom, Russia’s nuclear power company, has signed with at least fourteen African countries is welcoming news. What will be more significant, however, is the extent of the implementation of the MOUs since, by their very nature, the construction and operation of nuclear plants are ventures with prospects for deepening long-term relationships.

Recommendations for Future

The rapid intervention of the Russian SPUTNIK V Vaccine in Africa during the severe COVID-19 period was a magnificent show of solidarity with Africa and its people and thus demonstrated the importance of such collaboration and partnership in the face of future pandemics or calamity. Nigeria, for example, remains ever prepared to collaborate with Russia to deepen scientific knowledge in the areas of research on pandemics such as we have in COVID-19.

Although there is no doubt that Africa has benefitted immensely from its collaboration with Russia, politically, educationally, militarily, financially and security-wise yet, much circumspection and delicate balancing needs to be done by Russia between its commercial interests of arms exports to Africa and the latter’s security concerns. Africa’s long-term sustainability, stability and development are in the overall interest of both parties and the fulcrum of their relations. Nigeria, nevertheless, remains eternally grateful for Russia’s arms assistance whenever its sovereignty is challenged and Russia is called to come to its assistance.

Nigeria offers Russia the economic advantage of “produce in Africa and export elsewhere.” Such a model was effectively used by the United States of America in China. For example, imagine how many Russian pharmaceutical companies Nigeria can cheaply and conveniently service with starch as the world’s largest producer of cassava, the derivative of which is starch?

Part of Africa’s inability to optimize its economic opportunities is as a result of low energy and power. The subsisting contracts signed between Russian energy and power companies such as Lukoil, Gazprom, Rosatom and Restec and Nigeria, Egypt, Angola, Algeria and Ethiopia etc to help solve the power needs in Africa are steps in the right direction. Similarly, Rosneft’s agreement with Nigerian oil and gas Exploration Company Oranto Petroleum to develop 21 oil assets across 17 African countries should now move beyond agreement into concrete deliverables. Furthermore, Rosatom’s nuclear energy agreements with 18 African countries, including Nigeria, Egypt, Ethiopia and Rwanda, to address their energy and power concerns should be transformed into measurable results.

Additionally, the establishment of the African Continental Free Trade Area (AfCFTA), which is the largest of its kind in the world, provides Africa with a unique opportunity for intra-African trade and hence, empowers Africa’s own capacities and investments. In this respect, there has been increased agreement by African leaders for a common African currency so as to protect Africa from the associated shocks due to the vulnerabilities of commodity prices. A such common currency will give Africa a better voice in international trade and will significantly enhance Africa-Russia trade, as well as global competitiveness for foreign investment.

Meanwhile, according to the World Bank projection, by 2050, Nigeria’s population will be about 400 million, making it the third world’s largest. Such a huge market provides sufficient grounds now for strong and strategic partnerships to meet the beneficial ends of Africa and Russia. A further step in this partnership could be the gravitation from BRICS to perhaps a larger partnership that includes Nigeria – BRINCS.

Africa has remained, for too long, an inconsequential pawn on the chessboard of political-power play where the wishes and aspirations of the African people hardly mattered. Like other regions of the world, Africa’s wishes and desires, expressed in the choice of its leaders through free, fair and credible-election processes, remain sacrosanct. Imposition, super-imposition or subversion of this order challenges the sovereignties of member nations, undermines its people and questions the commonality of our shared humanity.

It is in this context that Africa and, indeed, Nigeria desires to assiduously walk and work with the Russian Federation toward the realization of this noble objective of fairly, equitably and creditably electing (not selecting) Africa’s leaders in accordance with the aspiration of the African people. This is going to be a long walk and hard work in which Africa will be at the vanguard or driver’s seat, conscious that in its own hands lies its destiny.

Africa is aware of the inextricable correlation between bad leadership and poverty. Undoubtedly, therefore, many elected African leaders have failed the litmus test of good governance through their primitive accumulation of illegal state wealth by evidential demonstration of corruption, nepotism, ethnicism and tribalism. They have, by doing so, thwarted the critical aspirations of the African people by bequeathing unto them abject poverty and hopelessness.

Yet, the cherished values of the democratic principles under which those leaders were elected provide for the method of their removal from office. In Nigeria, for example, the government of Goodluck Jonathan was voted out of power after a term in office despite his incumbency. Furthermore, the fact that some countries in Africa have recorded certain democratic successes translates to the fact that Africa’s problem is not the system but the operators of the system.

It is, therefore, hoped that Russia, along with other powerful actors in the continent, will continue to respect the integrity and sacrosanct nature of Africa’s political-leadership recruitment and change processes. Such respect provides the solid foundation on which the future stability, progress and development of Africa will be anchored. It also helps to build up the accumulated reservoir of the body of knowledge so required in Africa’s leadership recruitment process and electoral change.

In conclusion, I have attempted to summarize the context and content that shape Africa-Russia Relations. In that context and content, I have discussed Africa’s resonating past, the struggle against colonialism, the independence of African nations and the role of the then Soviet Union and, by extension, Russia in that struggle, as well as the subtle emergence of neocolonialism of the global north against the south. Part of the major essence of this lecture was to look at the past with a view to charting a course for the future, inhaling the fresh aroma of the beauty of the ‘rose’ in the Africa-Russia relationship, weeding out the thorns of inconvenience on which Africa and Russia have marched and straighten any crooked path along which both have passed so as to arrive faster to the desired destination.

Doing so calls for an atmosphere of cordiality and frankness, commitment and re-dedication. Africa-Russia relations have been a warm one, with Russia offering Africa a lot of assistance often, on an ideological basis, during Africa’s decolonization struggle. The immediate post-Soviet era marked a period of aloofness and indifference to Africa. However, the ascendancy of Africa to relevance, marked by the competition for Africa’s resources in what has been described as the “New Scramble” for Africa, has launched Russia as an indispensable part of Africa’s developmental equation.

While Africa cherishes the important MOUs and agreements Russia has with Africa through ROSATOM, GAZPROM, ROSNEFT, etc, there is a need to translate such agreements and MOUs into concrete realities. Additionally, balancing of Russia’s commercial interests of arms sales to Africa will ensure that the latter enjoys relative stability and peace so vital for its own development.

Equally important is that the constitutions of African countries remain sacrosanct with respect to the political-leadership recruitment process. The constitutions of member states of Africa also specify the methods of leadership change rather than creating leaders in perpetuity. Respect for the constitutions of African countries provides the basis for leadership legitimacy and the foundation for enduring democracy and hope in institutions and authority.

It is important to end with a quote from Joseph Siegle, the Director of Research for the African Centre for Strategic Studies, “building more mutually beneficial Africa relations depends on changes in both substance and process. Such a shift would require Russia to establish more conventional bilateral engagements with African institutions and not individuals. These initiatives would focus on strengthening trade, investment, technology transfer and educational exchanges. If transparently negotiated and equitably implemented, such Russian initiatives would be welcomed by many Africans.”

Professor Abdullahi Shehu, Ambassador Extraordinary and Plenipotentiary of the Federal Republic of Nigeria to the Russian Federation with concurrent accreditation to the Republic of Belarus.

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Russia-Africa Dialogue: Untapped Prospects for Economic Cooperation

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Russia-Africa Dialogue SPIEF-2026

By Kestér Kenn Klomegâh

At the St Petersburg International Economic Forum 2026, the traditional “Russia-Africa Business Dialogue”, which was initiated in 2016, will deliberate aspects of forging economic cooperation between Russia and African countries. For a decade since its creation, this platform has practically discussed most pertinent roadblocks, highlighted the economic sectors, and outlined the prospects. The significant issues have also been treated at the first and second Russia-Africa summits.

As Moscow prepares to hold the next Russia-Africa summit in October, it is quite clear that Russia has still not worked out financial mechanisms to support its investments across Africa. Generally, the federal strategy for this area has been mapped out, Russian investors understand where to invest in Africa, but lacks extremely the financial motivation and approach to integrate young people into the business environment. Other constraining factors include a lack of financial support instruments the suitable environment for experience sharing and collaboration. At the same time, there are reports that point to a broad range of factors that hinder the development of youth entrepreneurship.

Historically, Russia–Africa relations have evolved through distinct phases after phases. The latest phase began from the first Russia-Africa summit through the second, and is currently moving to the third summit in October. As part of the strategic preparations, Tanzanian President Samia Suluhu Hassan was the guest of Vladimir Putin in the Kremlin. Russia and Tanzania have had good relations, but it has been more than a century since the last state visit of a Tanzanian leader to Russia. From the historical records, Mwalimu Nyerere visited in 1969. As a result, Samia Hassan’s official working visit had a special historic significance for the bilateral relations. “We see this as a very positive sign,” noted Putin. Further to that, Samia Hassan was decorated with an honorary doctorate degree (Doctor Honoris Causa) at the Russian Peoples Friendship University, expressed gratitude for the political solidarity, and underlined Russia for the great contribution which it provided during the African political liberation in the 60s.

Tanzania’s Distinctive Profile

Sergei Kiriyenko, the Deputy Chief of Staff of the Presidential Administration who oversees the department, visited Tanzania after the November 2025 elections. In addition, Putin’s aide Yuri Ushakov called Tanzania “one of the key partners on the African continent,” recalling that it is home to approximately 70 million people. Samia’s visit to Russia is a victory for Russian diplomacy in Africa, as Tanzania is one of those allies that strengthen Moscow, says Andrey Maslov, Director of the HSE Centre for African Studies. According to the expert, cooperation is based on mutual benefit, and Tanzania does not require assistance. The country is among the continent’s economic leaders, distinguished by high growth rates, a stable political system, and a friendly attitude towards Russia. Russia’s interest in Tanzania is largely due to its geographic location and access to the Indian Ocean. The port of Dar es Salaam is considered a key transport hub in East Africa, serving transit routes to the East African Community (EAC) countries, along with the Kenyan port of Mombasa. Given Tanzania’s population, the EAC’s combined market represents over 300 million people, and the potential for expanding trade lies primarily in agricultural products, fertilisers, and basic industrial goods.

Africa’s participation at the St Petersburg 29th forum is very unique, with the majority from East and Southern Africa. The Director General of the Tanzania Investment and Special Economic Zones Authority (TISEZA), Gilead J. Teri, noted that the Tanzanian delegation has a unique opportunity to advance its agenda and strengthen bilateral relations. The forum gave a powerful boost to trade and economic cooperation. Tanzania presented its investment potential to the Russian business community. Therefore, it could be said that bilateral relations between Russia and Tanzania are flourishing and developing dynamically today.

Eastern and Southern Africa’s Dimensions

While it envisages strengthening ties in a broad range of fields, targeting the Eastern and Southern regions by utilising Tanzania as the gateway, Russia shows that the key partners in that part of Africa. Russia’s attributes for raising investment relations are clear: stability, untapped resources and human capital.

Putin’s meeting with Tanzania’s Samia Hassan, aiming at lifting up bilateral cooperation, which symbolises a new qualitative stage or a new chapter in the relations between Russia, Tanzania and the entire SADC. “Africa is an important partner for Russia, a participant in the emerging and sustainable polycentric architecture of the world order. Our relations with the states of that continent are valuable in their own right and should not be subject to the fluctuations on the international arena,” Foreign Minister Sergey Lavrov also said long time ago at the Russia-Africa civil/public gathering held in 2018, in attendance was Stergomena Lawrence Tax, who headed the Southern African Development Community (SADC).

“We are aware that our African friends hold the same views. Relying on the accumulated experience of productive cooperation, Russian diplomats seek to pursue a consistent policy for deepening the range of Russia-Africa relations,” he added. Lavrov said it is necessary to maximise the potential of public, cultural and business diplomacy in the interests of strengthening and expanding the mutually beneficial ties between Russia and African states while invariably adhering to the principle of African solutions to African problems, formulated by the Africans themselves.

Stergomena Lawrence, however, observed that Russia has not been that visible in the region as compared to China, India or Brazil. But it is encouraging that Russia has made the decision to reposition itself as a major partner with Southern Africa. She expressed gratitude that Russia has launched a plan aimed at improving direct trade with the continent/region beyond the traditional sectors like mining, seeking to invest in areas like agriculture, industrial production, high technology and transport.

The Russian Federation’s priorities are also in line with SADC priorities, as evidenced by the priorities of the Foreign Economic Strategy in the region, as indicated below:

Prospecting, mining, oil, construction and mining, purchasing gas, oil, uranium, and bauxite assets (Angola, Namibia and South Africa);

Construction of power facilities—hydroelectric power plants on the River Congo (Angola, Namibia and Zambia) and nuclear power plants (South Africa);

Creating a floating nuclear power plant, and South African participation in the international project to build a nuclear enrichment centre in Russia;

Railway Construction (Angola);

Creation of Russian trade houses for the promotion and maintenance of Russian engineering products (South Africa).

Participation of Russian companies in the privatisation of industrial assets, including those created with technical assistance from the former Soviet Union (Angola).

In the Russian Federation, 10 SADC member countries have their diplomatic offices, namely: Angola, Democratic Republic of Congo, Madagascar, Mauritius, Mozambique, Namibia, South Africa, Tanzania, Zambia and Zimbabwe.

Final Words of Wisdom

In pursuit of following Putin’s policy to strengthen ties with the Global South, including Africa, Russia has to re-strategise and take up the existing critical challenges. Despite a noticeable increase in activity, Russia’s strategy on the continent faces several persistent structural limitations that require thoughtful responses. As geopolitical changes heat up, Russia has to understand the necessity to move ahead, back away from tectonic rhetoric and symbolism of diplomacy. By 2025–2026, the African continent had firmly established itself as a key area of ​​global competition and, simultaneously, one of the most important reserves of economic growth. For Russia, this is important to change the very logic of its African ties. It is logical to walk the talk. In other words, Russia’s relations with African countries have to shift from historical rhetoric to a more practical architecture of interests.

On December 19–20, 2025, the second ministerial conference of the Russia-Africa Partnership Forum was held in Cairo, with the Roscongress Foundation acting as the operator on the Russian side. The conference was attended by the heads of the African foreign ministries and the leaders of the continent’s integration associations. That conference has been defined as a key stage in the preparations for the third Russia-Africa summit, scheduled for October 2026. As noted by Russian Foreign Ministry spokesperson Maria Zakharova, the meeting is intended to “give additional impetus to the development of the Russian-African partnership and the strengthening of its truly strategic nature.”

For Moscow, institutionalising the format is crucial given the overall transformation of global politics. And ultimately, Africa is becoming a space where external players’ ability to not only declare respect for sovereignty but also propose practical mechanisms for cooperation is being tested. Russia’s strategy is built on combining political rhetoric about multipolarity with concrete areas of cooperation—from trade to energy, and food security to personnel training and military-technical cooperation. Economic spheres and building infrastructures are important for Africa, which is ready for foreign investors with adequate funds and not just geopolitical rhetoric. It has to be noted that Africa is a space of competition between external players.

The continent is an arena of intense competition, with China, the European Union, the United States, Turkey, India, and the Gulf states all operating simultaneously, each offering its models of interaction: from large-scale infrastructure financing to military cooperation and religious and cultural influence. African states are becoming increasingly pragmatic and multi-vector—they are consistently expanding their foreign policy space, weighing the conditions, benefits, and political costs.

In such an environment, the sustainability of Russia’s presence is determined by its ability to offer a concrete and replicable set of advantages. Anti-colonial rhetoric and appeals to historical legacy remain important, but they no longer provide a long-term advantage on their own. Each competitive proposition must be backed by institutional support.

At the St. Petersburg forum, there was a genuine international community of like-minded partners practically united by a common goal: networking and developing business cooperation. “The continued participation confirms the demand for building relationships of business trust and confidence with foreign partners from different regions, including the United States, Europe, the Middle East, Latin America, Asia and Africa,” said Alexander Stuglev, Chairman of the Board and CEO of the Roscongress Foundation. The Roscongress Foundation held the 29th St Petersburg International Economic Forum (SPIEF) from 3 to 6 June 2026.

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CANAL+ Eyes MultiChoice Turnaround as Stocks Debut on JSE

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CANAL+ 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.

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AfDB President Sees More African Nations Regaining Investment-Grade Ratings

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Sidi Ould Tah

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.

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