World
Sochi Summit Expected to Open Russia’s Door to Africa
By Kester Kenn Klomegah
As Sochi, a Russian city located on the Black Sea coast, prepares to host African leaders, experts have been discussing the possible outcome of this first high-level event in the history of Russian-African relations, with the heads of all states of the African continent invited, as well as leaders of major sub-regional associations and organisations attending. According to official sources here, the summit on October 24 will play special attention to the current state and prospects of Russia’s relations with African countries and to the expansion of the political, economic, technical and cultural cooperation.
The agenda includes a wide range of issues on the international agenda, including joint response to new challenges and threats, and strengthening of the regional stability. At the end of the meeting, the participants are scheduled to adopt a political declaration on the key areas of Russian-African cooperation.
Ahead of summit, to be co-chaired by President Vladimir Putin of Russia and Egyptian President Abdel Fattah el-Sisi, who also heads the African Union, IDN’s Kester Kenn Klomegah talked to Dr. Gideon Shoo, media consultant and business lobbyist based in Kilimanjaro Region in Tanzania. Dr. Shoo explained in this interview what Russian investors and other participants can expect from the African political leaders and corporate business heads from the public and private sectors in Africa. Following are excerpts from the interview:
Africa Beyond Aid! What should African leaders do in order to raise mutual cooperation with Russia? Let us look at this question on the reverse side, from the African side?
African leaders must strive to understand their counterparts in Russia. They need to understand the political system in Russia, and at least, the economic policies and interests. At the same time, they need to demonstrate what they can do in terms of helping Russia overcome some of the economic hitches as a result of sanctions imposed on her by the United States and the European Union. They should engage in “a scratch my back I scratch yours” relationship given the fact that Russia is advanced in technology which is badly needed in Africa.
Russia has a number of bilateral agreements, at least during the past decade, that were largely not implemented in many African countries. In your view, what mechanisms be fixed to deliver on pledges and promises?
This is quite an important aspect of Russia-African relationship. Bilateral agreements need to be revised and schedules of implementation be drawn wherever possible. Russia needs to go back to those years when it committed itself to help Africa get out of neocolonial cobweb by assisting in crucial and important areas such as education, public health and engineering. That was partly done through offering higher and specialized education as one way of development assistance to the continent.
Of course, priority spheres include energy, oil & gas, infrastructure etc., but what kinds of state support be offered Russian companies and enterprises to operate effectively in Africa?
Russian companies need to prove their superiority in the sector mentioned above. The companies should show how African countries are going to benefit. African governments must make it easier for Russian companies to set up and operate in their countries. Russian financial institutions can offer credit support that will allow them to localize their production in Africa’s industrial zones, especially southern and eastern African regions that show some stability and have good investment and business incentives. In order to operate more effectively, Russians have to risk by investing, recognize the importance of cooperation on key investment issues and to work closely on the challenges and opportunities on the continent.
Of course, Russians have been trying to return there over the past few years, which is a very commendable step forward. There are prospects for greater or broader foreign players. Until potential Russian investors make a decision to pay more high-level attention to Africa, it is difficult to see greater engagement at the economic or business level. In practical sense, it requires to move beyond mere expression of interests, it needs strategic focus and pragmatic approach from both Russians and African governments.
According to official figures, Russia-African trade currently stands at US$17.8 billion. Could trade preferences help potential African exporters (make it a two-way road) also to explore the Russian market?
Russia is, so far, a closed market to many African countries. It is difficult to access the Russian market. There are no direct flights to most African capitals, and it makes Russia not a common destination even to the Vasco da Gamas of Africa. While tropical fruits and vegetables are rotting in Africa, the Russian market is yawning because of sanctions. Why not work out a two-way traffic between Africa and Russia? African countries have to look to new emerging markets for export products, make efforts to negotiate for access to these markets. This can be another aspect of the economic cooperation and great business opportunity for both regions.
Talking about Russia’s presence in Africa and Africa’s presence in Russia. Understandably, much also depends on the interest of African businesspeople; but what should be done to stimulate or boost potential African exporters’ interest in Russia?
Visits. Visits. Visits. But, how can this be achieved if there are no direct affordable flights? Can Africa and Russia establish links through joint ventures including those in aviation? Yes, I think and believe it is possible. Can Africa, especially south of the Sahara be a tourist destination for Russians and vice versa? Yes, it is possible. For instance, tourism can primarily help to broaden cultural horizons, breaking stereotypes and attitudes.
Developing tourism is one way to promote business and raise knowledge of diverse culture in Africa. By looking at the rules and regulations, the situation about Russia’s presence in Africa and Africa’s presence in Russia can be changed. Russia and Africa have to make efforts for raising the level of trade and business in both regions.
Sochi summit holds the key to all these questions you have so far discussed above. Can these, among others and in reality, mark a definitive start of a new dawn in the Russia-African relations?
In the first place, Russians and Africans have to look at this positively. It will offer participants the opportunity to engage in dialogue, receive up-to-date information on the current trends, challenges and prospects of investment activities as well as networking for business contacts. It is also important that African leaders determine and set their development priorities.
I believe Sochi can turn out to be a new chapter in Russia-Africa cooperation, it all depends on how serious all participants are in seeing it happen. The gathering has to offer the expected fruits, leave a long-term and sustainable impact and memories among the participants. Sochi, indeed, should open the door to Africa.
By Aduragbemi Omiyale
Accessing the US Dollar in the East Africa region has now been made easier with the expansion of the stablecoin settlement infrastructure of SCRYPT.
This development enables banks, payment providers and corporate treasury teams to move value into and out of the continent in real time.
Businesses paying international suppliers frequently have to convert local currency into USD before purchasing stablecoins for settlement, incurring FX conversions and spreads before any payment is made.
But SCRYPT is eliminating this intermediate conversion by enabling direct settlement corridors for local African currencies into stablecoins.
This development allows businesses to move from local currency to stablecoin settlement in a single licensed transaction, without first sourcing rationed bank dollars, as stablecoins are increasingly becoming settlement infrastructure rather than an investment product.
The expansion adds settlement support across four African currencies: the Kenyan shilling (KES), Tanzanian shilling (TZS), Rwandan franc (RWF) and Ugandan shilling (UGX). Each corridor is delivered through the same full-stack infrastructure our clients already use for trading, custody and treasury operations.
Speaking on this, the chief executive of SCRYPT, Norman Wooding, said, “Across Africa, stablecoin adoption is driven by economic need, not speculation.
“Businesses here are not chasing yield; they are trying to pay suppliers and manage treasury without losing margin to a banking system that rations dollars. Licensed, fair-rate dollar access is the clearest proof of what this infrastructure is for.”
Also commenting, the Managing Director of Markets & Trading at SCRYPT, Mr Gabriel Titopoulos, said, “Until now, reaching stablecoins from local African currencies meant buying scarce dollars and incurring several layers of conversion costs.
“SCRYPT removes this friction. Firms and payment providers can now settle straight from local currencies through live corridors, with local partners.”
World
African Graduates Association Promoting Multifaceted Initiatives With Russian Educational Institutions
By Kestér Kenn Klomegâh
In preparations for the third Russia-Africa Summit, scheduled for late October 2026, Dr Francois Ngan, deputy chairman of the Union of Associations of African Graduates of Soviet and Russian Universities, during an official working visit, has held a consultative meeting with Professor Vladimir Filippov, the President of the Russian University of Peoples’ Friendship (RUDN), and former Minister of Higher Education of Russia, Chairman of the National Commission for Accreditation of Higher Education.
RUDN is an educational institution established in 1960, primarily to provide higher education to Third World students. It has now become a popular multidisciplinary spot for many students, especially from developing countries. The university offers various academic programmes and has research infrastructure that comprises laboratories and interdisciplinary centres. The university is named after the former Congolese leader, Patrice Lumumba.
Dr Francois Ngan and Professor Filippov discussed the importance of the Graduates Association as a continental platform dedicated to strengthening unity, cooperation, and promoting shared progress among African graduates who studied in the former Soviet Union and in the Russian Federation. They also reviewed multifaceted initiatives that could bring together alumni associations from across Africa, whose members obtained education and professional training, and cultural experiences in Soviet and Russian institutions of higher learning.
Professor Filippov expressed optimism in addressing emerging challenges as a result of shifting geopolitical changes, emphasised strategic cooperation in the educational sphere with Africa, in general, and with the Republic of Cameroon, in particular, and further about the integration of African students during their studies in the Russian Federation.
The meeting also touched on academic and scientific work, the possibility of rewriting a scientific thesis, and the official organisation of transferring versions translated into six languages for the library of RUDN. Significant questions relating to Russia’s educational opportunities, collaborations and partnerships involving African countries were thoroughly discussed.
The Union of Associations of African Graduates of Soviet and Russian Universities was created under one continental umbrella to promote friendship, for professional networking, to engage in cultural exchange, and with particular emphasis on forging strategic cooperation between Africa and Russia.
World
Russia to Support Industrial Growth, Technological Advancement and Supply Chain Resilience across Africa
By Kestér Kenn Klomegâh
With the heightening of geopolitical rivalry and competition, a new Russia-Africa working group has emerged as a significant institutional mechanism and plans to focus on facilitating and monitoring strategic investments, industrialisation, and infrastructural development—the Strategic Action Plan 2023-2026—that was outlined during the second Russia-Africa summit, in St.Petersburg, the second largest city in the Russian Federation.
While substantial progress has, largely, lagged on the multidimensional economic front with Africa primarily due to its internal difficulties and the complexity of relations with its former Soviet neighbours, Russian officials believe there still remains huge untapped potential in strengthening bilateral cooperation. As planned, President Vladimir Putin has already signed an executive order that directs Moscow to host the forthcoming third Russia-Africa summit in October 2026.
On June 30, a regular meeting of the Business Council on Africa was held under the chairmanship of the head of the Russian Foreign Ministry. It was dedicated to issues of trade, economic and investment cooperation with Africa. The group discussed the current state and prospects for the implementation of policy initiatives with an emphasis on assisting the countries of the continent, strengthening their economic, energy, technological and food sovereignty, as well as training specialists for Africa.
Foreign Minister Sergey Lavrov has reiterated that Russia-Africa relations primarily depend on an understanding of the importance of collective action based on the principles of equality, mutual respect and resolving common tasks. In the past few years, Russia-Africa cooperation has been noticeably strengthening. “We are deepening political dialogues, developing bilateral contacts with African countries, promoting cordial cooperation between ministries and departments, and expanding humanitarian exchanges. We are also continuing the structural diversification of trade partnerships and economic dimensions.”
“Next on the agenda is the launch of diplomatic missions in The Gambia, Liberia, Togo, and the Union of the Comoros,” Lavrov said at a meeting of the Business Council under the Russian foreign minister. Lavrov noted that Russian embassies began operating in three other African countries in 2025: Niger, Sierra Leone, and South Sudan. A new Department for Partnership with Africa was also established. According to the top diplomat, “expanding Russia’s diplomatic presence on the continent contributes to developing relations.”
There are already 45 Russian embassies operating in Africa. The Russian foreign minister noted that Moscow is quickly rebuilding its presence in African countries, which sharply declined during the collapse of the Soviet Union. “There will be literally four or five countries left where we still need to establish full-fledged embassies, and then, we will have 100 per cent coverage of the entire African continent with our diplomatic presence,” Lavrov emphasised.
After the first summit in October 2019, the Foreign Ministry also created the Secretariat of the Russia-Africa Partnership Forum. Its main tasks include controlling the roadmap to Africa’s multidimensional cooperation and guiding potential Russian investors to the continent. This also underscored the priority and post-Soviet solidarity Russia currently attaches to its policy towards Africa, within the growing framework of the emerging new architecture of multipolarity in the Global South.
In an interview in June 2026, the director of the Department of Partnership with Africa at the Foreign Ministry, Tatyana Dovgalenko, shared a few insights in the lead-up to the third summit. Furthermore, Dovgalenko explained that Russia would move away from security to concentrate more on economic issues, especially to team up with African colleagues to streamline mechanisms for implementing projects that will ensure food security and agriculture, and help Africa in installing processing facilities to support its self-sufficiency. She also emphasised energy and vital infrastructures, and the third direction was to simultaneously work more coherently with sub-regional organisations.
Over the past few years, bilateral relations have been increasing. There are positive dynamics in trade turnover, estimated at $30 billion. Steps are being taken to build payment systems, preferably in national currencies, while Russia looks to open four more diplomatic offices, bringing the total to 48 across Africa. Russia is currently training 37,000 African students, but only approximately 1/3 on state scholarships in Russia’s educational institutions. “We are ready to share valuable experiences of building a sovereign development model with African partners to achieve self-reliant economic growth based on their own resources and capabilities. Russia aims at creating processing capabilities and localising production, and provides access to advanced technological solutions,” underlined Dovgalenko in her interview with New Eastern Outlook.
For African countries that have endured difficult decades on the path to political independence, it is now important to take full control over the untapped resources, direct income and revenue toward stimulating the national economic sector, rather than paying for the well-being of the Western “golden billion” during this changing geopolitical era, according to Dovgalenko.
According to reports, the forthcoming Russia-Africa summit will have an economic agenda, including the digital economy, technology, artificial intelligence, healthcare, investment, and settlements in global trade. Of course, the agenda will also cover Africa’s political aspects. But if African friends bring along any specific ideas, Russia will give them serious attention. In addition, with continuity and consistency, pay increased attention to expanding ties with Africa’s regional integration associations.
Going forward, the focus will be on translating strong trade relations into deeper investment partnerships, fostering technology collaboration, strengthening industrial linkages and contributing towards the shared objectives set by the leadership of both African countries and Russia. At the third summit, the above-mentioned specific initiatives will be further designed. In this regard, the key document, the new action plan for the next three-year period (2027-2029), is intended to reflect dynamic realities in the future relations of Russia and Africa
