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Sochi to Host African Leaders at Russia-Africa Summit

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RussiaCalling

By Kester Kenn Klomegah

In a February decree posted to the portal of legal information, Russian President Vladimir Putin has appointed his aide Yuri Ushakov to chair the organizing committee paving the way for the first Russia-Africa summit that Moscow plans to host in Sochi.

The Russian government is to ensure financing of the expenditures related to hosting the summit and the decree has further assigned Rosscongress, a major organizer of international conventions, exhibitions and public events, the task performer.

The idea to hold a Russia-Africa forum was initiated by President Putin at the BRICS (Brazil, Russia, India, China and South Africa) summit in Johannesburg in July 2018. This first Russia-Africa summit will definitely enhance mutual multifaceted ties, reshape diplomatic relationship and significantly to roll-out ways to increase effectiveness of cooperation between Russia and Africa.

Policy experts have suggested, however, that Kremlin has to substantiate its future African policy agenda with consistency, activeness and support, and enhance its participation in the economic development of Africa.

“Indeed, through the summit, Russia has to discover specific expectations, new directions and how to deal with Africa. The games there have completely changed, many global players have also adopted investment strategies more appealing and acceptable for Africans,” Dr. Kelvin Dewey Stubborn, South African based Senior Analyst on BRICS and African policy, told me by email from South Africa.

He suggested that “the Russia-Africa summit has to focus discussions on new development-oriented thinking and how to transfer Russian technology to industry and agriculture more collaboratively, and a lot more cooperation on employment creation across sectors. That’s the best way to sustain peace and eradicate conflicts in Africa.”

South African business tycoon, Sello Rasethaba, questioned how Russia was going to establish a thriving trade relationship with Africa for the benefit all and sundry. In reality and effective practical terms, how Russia wants to reposition itself in relation with Africa. With business relationship, Russia has to consider practical strategies in consultation with African countries. The fact that the middle class is growing in leaps and bounds in Africa makes this market even more attractive and opens more opportunities also for Russian businesses.

“The current investment and business engagement by foreign players with Africa is on the increase. There are so many unknowns up there in Russia, it’s crucial that Russia has a clear vision of the relationship it wants with Africa. Russia together with African countries must setup sovereign wealth funds using the resources power of those countries,” he said.

There are similar views and sentiments. Rex Essenowo, Member of the Board of Trustees of Nigerians in Diaspora Europe and Senior Executive of Asian Africa Trade, a Moscow based business lobbying NGO, said it was unfortunate that some people consistently undermine Africa’s strategic interest, that is infrastructural development and lifting its vast population out of poverty in Africa. Playing the conflict card is strategically destructive because the warring parties want to present Africa as unsafe for investments.

“It is for African leaders to remain focused on the right direction, resolute in conflict management and as well rolling out new implementable policies oriented towards building infrastructure, modernizing agriculture, investment in manufacturing and industry – these will offer employment for the youth. Meanwhile, we are not even using one tenth of our capacities on investment promotion at the international platforms,” he added.

Essenowo further argued that the future of Russia-Africa relations has to take into cognizance the true meaning of building a platform for civil, media and cultural as well as people-to-people interaction, helping to change the attitudes and mentality, remove old stereotypes, – these are important steps for improving business cooperation. In addition, Russia could help to deepen understanding through regular dialogue with the civil society and governments, as basis for economic growth, development, as well as motivation for confidence among Russian investors within the region.

Despite its global status, Russia lacks assertiveness in Africa. Zimbabwe’s Ambassador to Russia, Major General (rtd) Nicholas Mike Sango, told me in an interview discussions that, “For a long time, Russia’s foreign policy on Africa has failed to pronounce itself in practical terms as evidenced by the countable forays into Africa by Russian officials. The Russian Federation has the capacity and ability to assist Africa overcome these challenges leveraging on Africa’s vast resources.”

Mike Sango further expressed his views as follows: “Africa’s expectation is that Russia, while largely in the extractive industry, will steadily transfer technologies for local processing of raw materials as a catalyst for Africa’s development.”

Many former Ambassadors, mostly from Southern African region, have also tasked African leaders to prioritize concrete development projects and reminded them that it was necessary to make rational choices, push for “African solutions to African problems” within the Sustainable Development Goals (SDGs) when they finally gather at the forthcoming October summit in Sochi.

The summit sessions have to discuss thoroughly “the whole range of development issues that will ultimately form the future African agenda” and analyze them through the prism of rivalry and competition among foreign players on the continent, according to a summarized separate media interviews with the former African envoys who served in the Russian Federation. Now, Africa finds itself in an excellent position of having many suitors – each offering something it needs for its development, they acknowledged.

Quite recently, Vyacheslav Volodin, the Chairman of the State Duma, told an instant meeting held with the Ambassadors of African countries in the Russian Federation, that Russia would take adequate steps to deliver on pledges and promises with Africa countries. “We propose to move from intentions to concrete steps,” Volodin reassured.

On the summit, Foreign Affairs Minister Sergey Lavrov has explained earlier that arranging an event on such a large-scale with the participation of over fifty heads of state and government required most careful preparation, including in terms of its substantive content and equally important was African businesspeople who have been looking to work on the Russian market.

“The economic component of the summit has a special significance as it would be of practical interest for all the parties. As such, specific Russian participants in bilateral or multilateral cooperation should be identified, which are not only committed to long-term cooperation but are also ready for large-scale investments in the African markets with account of possible risks and high competition,” Minister Lavrov noted in an interview posted to his official website.

For decades, Russia has been looking for effective ways to promote multifaceted ties and new strategies for cooperation in energy, oil and gas, trade and industry, agriculture and other economic areas in Africa.

President Vladimir Putin noted at the VTB Capital’s Russia Calling Forum, that many countries had been “stepping up their activities on the African continent” but added that Russia could not cooperate with Africa “as it was in the Soviet period, for political reasons.” In his opinion, cooperation with African countries could be developed on a bilateral basis as well as on a multilateral basis, through the framework of BRICS (Brazil, Russia, India, China and South Africa).

But so far, Russia has not pledged adequate funds toward implementing its business projects and other policy objectives in Africa.

Russia’s investment efforts in the region have been limited thus far which some experts attributed to lack of a system of financing policy projects.

While Russia government is very cautious about making financial commitments, Russia’s financial institutions are not closely involved in foreign policy initiatives in Africa.

As publicly known, China has offered $60 billion, Japan $32 billion, and India $25 billion, while large investment funds have also come from the United States and European Union, all towards realizing the Sustainable Development Goals (SDGs) in Africa.

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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Africa Takes Centre Stage as Addis Ababa Hosts the World Public Summit

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Addis Ababa World Public Summit

By Kestér Kenn Klomegâh

For the first time in its history, the World Public Summit will be held on the African continent. On 29–30 July 2026, Addis Ababa, the capital of Ethiopia, will host the World Public Summit. Africa — “A New World: Africa in Shaping a Shared Future.”

The Summit is organised by the World Peoples Assembly in cooperation with African partner organisations. It will bring together leaders of public diplomacy, representatives of international intergovernmental and non-governmental organisations, academics, experts, representatives of the education and cultural sectors, youth leaders, socially responsible businesses, media professionals, and civil society institutions from across Africa and other regions of the world.

The World Public Summit. Africa continues the work initiated during the First World Public Assembly “A New World of Conscious Unity,” held in Moscow in September 2025, and serves as one of the key milestones in preparation for the Second World Public Assembly “A New World: Values That Unite,” which will take place in Moscow on 18–19 September 2026.

Today, Africa is emerging as one of the principal centres of global development. Rapid demographic growth, expanding entrepreneurship, strengthening regional integration, rich cultural heritage, and the growing role of civil society institutions make the continent an increasingly important contributor to the future architecture of international cooperation.

The Summit will focus on issues of genuine sovereignty and sustainable development, public diplomacy, preservation of cultural and historical heritage, international cooperation in education and science, youth engagement, innovation-driven development, creative industries, and the formation of new partnerships among countries and peoples.

The main business programme of the Summit will take place on 30 July 2026 at the headquarters of the United Nations Economic Commission for Africa (UNECA) in Addis Ababa. Holding the Summit at UNECA highlights its pan-African dimension and creates opportunities for broad international dialogue on humanitarian cooperation and public diplomacy.

The programme will include plenary sessions, strategic dialogues, and expert panels dedicated to values-based development, education, culture, youth leadership, innovation, and international cooperation.

Participation has already been confirmed by Professor Saidou Madougou, Director of the Department of Education, Science, Technology and Innovation of the African Union; Rita Bissoonauth, Director of the UNESCO Liaison Office to the African Union and UNECA in Addis Ababa; Zuzana Schwidrowski, Director of the Macroeconomics, Finance and Governance Division of UNECA, as well as ministers, leaders of public organisations, and representatives of the business community from a number of African countries.

On the same day, the ADWA Victory Memorial Museum—Ethiopia’s national memorial complex dedicated to the Victory of Adwa and an important centre for preserving the historical memory of the Ethiopian people—will host the award ceremony of the regional stage of the V International Competition “Leader of Public Diplomacy”, followed by a large-scale cultural programme.

One of the key outcomes of the Summit will be the adoption of the African Communiqué, reflecting proposals and recommendations aimed at strengthening humanitarian, educational, cultural, and public cooperation between African countries and other regions of the world.

The outcomes, initiatives, and recommendations were developed during the World Public Summit. Africa will be presented at the Second World Public Assembly “A New World: Values That Unite”, to be held in Moscow on 18–19 September 2026.

According to Andrey Belyaninov, General Secretary of the World Peoples Assembly, “the Addis Ababa Summit is an important step toward building a new world founded on mutual respect, cultural diversity, dialogue and sustainable development.”

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UK Set for Seventh Prime Minister in 10 Years as Keir Starmer Resigns

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Keir Starmer

By Adedapo Adesanya

The United Kingdom will get its seventh Prime Minister in 10 years as Mr Keir Starmer announced his resignation on Monday.

The Minister said he is stepping down as leader of the governing Labour Party and will leave office within weeks, scarcely two years after being elected in a landslide.

Mr Starmer says he will remain caretaker prime minister until a new Labour leader is chosen by the party.

Mr Starmer made the announcement after facing growing pressure to hand over to a new leader who can try to revive the government’s flagging fortunes.

He led Labour to a landslide election victory in July 2024, but since then, his popularity and that of the party have plummeted.

His departure was triggered by the victory of Mr Andy Burnham in a special election last week. The popular ex-mayor of Greater Manchester planned to challenge the existing PM for the Labour leadership.

Mr Starmer made the announcement outside the prime minister’s 10 Downing St. residence with a brief statement on Monday.

“The question my party is asking now is whether I am best placed to lead us into the next general election,” Mr Starmer said. “I have heard the answer of my parliamentary party to that question, and I accept that answer with good grace.

Mr Starmer is the sixth prime minister in a decade to stand outside 10 Downing Street and announce a premature departure.

It comes the day before Britain marks the 10th anniversary of its vote to leave the European Union, a decision that still affects the country’s economy and politics.

Over the past decade, 10 Downing Street has had six occupants, including Mr David Cameron, who left office in 2016 after the Brexit referendum and was succeeded by Ms Theresa May. She was followed by Mr Boris Johnson, whose tenure covered Brexit and the COVID-19 pandemic. After Mr Johnson came Ms Liz Truss, whose 49-day premiership was the shortest in British history. Mr Rishi Sunak then took office before being succeeded by Mr Starmer, the outgoing occupant of Number 10.

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AXIAN Energy Secures $60m for Expansion Across Africa

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axian energy

By Aduragbemi Omiyale

A financing facility of up to $60 million has been secured by AXIAN Energy, the energy division of the AXIAN Group.

The funding package was provided by MCB, one of the leading financial institutions in the Indian Ocean region.

It comprises a $40 million revolving credit facility with a three-year tenor and extension option, and $20 million in unfunded instruments, providing AXIAN Energy with enhanced financial flexibility, enabling the company to rapidly mobilise resources and seize development opportunities across its target markets.

The energy firm is expected to use the capital to deliver large-scale energy infrastructure projects across Africa.

Over the past two years, AXIAN Energy has significantly accelerated its growth by expanding its renewable energy project pipeline, with solar projects currently under development in Senegal, Benin, Zambia, Côte d’Ivoire, Madagascar, and Burkina Faso.

Building on this momentum, AXIAN Energy now operates a portfolio comprising 350 MW of installed renewable energy capacity, supported by 77 MWh of energy storage capacity, positioning the AXIAN Group as a major contributor to Africa’s energy transition.

The chief executive of AXIAN Energy, Mr Benjamin Memmi, said, “This transaction marks a key milestone in AXIAN Energy’s growth trajectory. It provides us with the financial capacity to sustain the momentum we have built over the past two years, further strengthening our renewable energy portfolio and expanding our presence across new African markets.”

Also commenting, the Global Head of Structured Finance at MCB, Mr Mathieu Delteil, said, “We are proud to support AXIAN Energy in structuring this facility, reaffirming our commitment to enabling transformative projects across Africa.

“By leveraging our sector expertise and deep understanding of regional markets, we have delivered a tailored financing solution that aligns with AXIAN’s long-term renewable energy ambitions.

“This partnership highlights our role as a strategic financial partner, mobilising capital towards investments that drive sustainable growth and accelerate the energy transition across the continent.”

The financing agreement between the two organisations strengthens their long-standing relationship because it is driven by a shared commitment to supporting infrastructure development and economic growth across Africa.

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