World
The Future of Russia-Africa Cooperation
By Kester Kenn Klomegah
While celebrating the Africa Day, the Ministry of Foreign Affairs reaffirmed Russia’s commitment to offer support and participate in the sustainable development processes in Africa.
In a video conference held May 28 with local and foreign media, Russian Foreign Ministry Spokeswoman Maria Zakharova, highlighted the history behind the establishment of the Africa Day, which is observed as an annual holiday symbolizing the desire of the peoples of the African continent for peace, independence and unity.
According to her, “the close nature of friendly ties with African countries, the significant experience of mutually beneficial cooperation dates back to the early 1960s, when the Soviet Union unconditionally supported the desire of Africans to free themselves from colonial oppression.
“It provided them with substantial practical assistance in shaping the foundations of statehood, establishing national economies, and preparing civilian and military personnel.”
In recent years, however, African countries have been actively gaining weight and influence in international affairs, are increasingly participating in solving pressing issues of modern world politics and economics, she said.
The creation of the Russia-Africa Partnership Forum was one of the appreciable results of the first Russia-Africa Summit held last year, Zakharova noted, and expressed hope that “the mechanism of partnership between Russia and the African continent created during the summit will allow to establish and broaden cooperation.”
Looking Back
Under the current circumstances, African leaders and business elites try, most importantly, to reflect on how far Africa has gone in building a unified identity and strides made in socio-economic development.
These socio-economic developments in some individual countries were achieved by harnessing internal resources and through bilateral and multilateral relations with external countries and cooperation with development partners.
For example, Soviet Union and Africa had very close and, in many respects, allied relations with most of the African countries during the decolonization of Africa. For obvious reasons, the Soviet Union ceased to exist in 1991.
As a result, Russia has to struggle through many internal and external difficulties. For the past few years, it has been struggling to survive both the United States and European sanctions. Moscow still has a long way to catch-up with many other foreign players there in Africa.
Currently, Russia seems to have attained relative political and economic stability. “As we regained our statehood and control over the country, and the economy and the social sphere began to develop, Russian businesses began to look at promising projects abroad, and we began to return to Africa,” noted Foreign Minister Sergey Lavrov early September during his interaction with students and staff of Moscow State Institute for International Relations.
Emphasizing that the process of returning to Africa has been ongoing for the past 15 years, he further explained: “the return is now taking the form of resuming a very close political dialogue, which has always been at a strategic and friendly level, and now moving to a vigorous economic cooperation. But economic cooperation is not as far advanced as our political ties.”
With this understanding, Dmitry Medvedev, while addressing the Russia-Africa Economic forum in July, also added his voice about strengthening cooperation in all fronts.
“We must take advantage of all things without fail. It is also important that we implement as many projects as possible, that encompass new venues and, of course, new countries,” he said.
In addition, Medvedev stressed: “It is important to have a sincere desire. Russia and African countries now have this sincere desire.
“We simply need to know each other better and be more open to one another. I am sure all of us will succeed if we work this way. Even if some things seem impossible, this situation persists only until it is accomplished. It was Nelson Mandela who made this absolutely true statement.”
Acknowledging undoubtedly that Africa has become a new world centre for global development, Russian legislators at the State Duma (the lower chamber) have advocated for supporting business and economic cooperation with Africa. Thus, as a step forward, State Duma has established relations with African parliaments.
During an instant meeting held with the Ambassadors of African countries in the Russian Federation, Viacheslav Volodin, the Chairman of the State Duma, remarked: “We propose to move from intentions to concrete steps. Our people will better understand each other through parliamentary relations.” The full transcript is available on the official website.
Moving Forward
On April 29, Russian International Affairs Council (RIAC), a powerful Russian NGO that focuses on foreign policy, held an online conference with participation of experts on Africa.
Chairing the online discussion, Igor Ivanov, former Foreign Affairs Minister and now RIAC President, made an opening speech.
He pointed out that Russia’s task in Africa is to present a strategy and define priorities with the countries of the continent, build on the decisions of the first Russia-Africa Summit.
On the development of cooperation between Russia and African countries, Igor Ivanov pointed out a few steps here: “Russia’s task is to prevent a rollback in relations with African countries. It is necessary to use the momentum set by the first Russia-Africa Summit.
First of all, it is necessary for Russia to define explicitly its priorities: why are we returning to Africa? Just to make money, strengthen our international presence, help African countries or to participate in the formation of the new world order together with the African countries? Some general statements of a fundamental nature were made at the first Summit, now it is necessary to move from general statements to specificity.”
Sergey Lavrov, long ago, asked for more substantive dialogue on Russia-Africa issues, and chart ways for effective cooperation.
In an interview with the Hommes d’Afrique, he stressed “time is needed to solve all those issues, but it could start with experts’ meetings, say, within the framework of the St Petersburg Economic Forum or the Valdai forum, and other events where business leaders of both countries participate.”
Experts from the think-tank Valdai Discussion Club, academic researchers from the Institute for African Studies and independent policy observers have noted Russia’s policy, its current achievements and emerging economic opportunities and possibilities for partnerships in Africa.
Quite interestingly, majority of them acknowledged the need for Russia to be more prominent as it should be and work more consistently to achieve its strategic goals, – comparing and citing largely unfulfilled pledges over the years.
Established in 2004, it’s (the club) primary goal is to promote dialogue between Russia and the rest of the world. It hosted an expert discussion titled “Russia’s Return to Africa: Interests, Challenges, Prospects” with participation of experts on Africa. Officials from the Ministry of Foreign Affairs, Africa Department were present.
“I would like to begin my speech with the words of Foreign Minister (Sergey Lavrov), who said, referring to the current situation: ‘No more fairy tales,’” joked Oleg Ozerov from the Africa Department at the Ministry of Foreign Affairs of the Russian Federation. “For us, Africa is not a terra incognita: the USSR actively worked there, having diplomatic relations with 35 countries. In general, there are no turns, reversals or zigzags in our policy. There is consistent development of relations with Africa.”
Over the past few years, contacts between Russia and Africa have expanded, and at the same time, this was also due to the African countries’ interest in Russia, he added.
Nevertheless, Oleg Ozerov is now Ambassador-at-Large with the key responsibility for expediting work on the Russia-Africa Partnership Forum created at the initiative of African participants during Sochi summit.
As Head of the Secretariat, the Russia-Africa Partnership Forum, his task is to prepare for the second Russia-Africa summit in 2022 in pursuance of the agreements, achieved during the first Russia-Africa summit held on October 23-24 in Sochi. The Secretariat of the Forum will also organize annual political consultations of the Ministers of Foreign Affairs of the Russian Federation and the troika of the African Union.
In 2010-2017, Ozerov served as Ambassador Extraordinary and Plenipotentiary of the Russian Federation to Saudi Arabia, concurrently from 2011-2017, Permanent Representative of the Russian Federation to the Organization of Islamic Cooperation.
In conclusion, worth to say Russia sees Africa as a key potential partner in the vision for a multipolar world order, and for now, it is well-known that strengthening ties with African countries is among Russia’s foreign policy priorities. But much has to be done to change image, perceptions and the old narratives.
The symbolic Russia-Africa Summit was the result of President Vladimir Putin and the Kremlin authorities’ progressive steps taken to move toward a new phase in consolidating political and economic ties broadly at the state levels with Africa.
The final declaration, joint declaration, seeks to consolidate the results of the summit. It has undoubtedly reaffirmed the goals of Agenda 2063 and the 2030 Agenda for Sustainable Development.
Kester Kenn Klomegah writes frequently about Russia, Africa and the BRICS.
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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