World
The Great Game of Vaccination Diplomacy Targets Africa
By Kester Kenn Klomegah
Russia is committed to helping eradicate the rapidly increasing coronavirus infections in Africa amounting to approximately 3.8 million with its latest developed Sputnik V vaccine.
Such a step will enable Russia to reassert its geopolitical influence that involves a keen competition with other foreign players on the continent.
An official media release in mid-February said that the Africa Vaccine Acquisition Task Team — set up by the African Union to acquire additional vaccine doses so that Africa can attain a target immunization of 60% — has received an offer of 300 million Sputnik V vaccines from the Russian Federation.
This includes a financing package for any member states wishing to secure this vaccine. The Africa Vaccine Acquisition Task Team also informed that it had secured 270 million doses each from AstraZeneca, Pfizer and Johnson & Johnson.
Dr John Nkengasong, Director of the Africa Centers for Disease Control and Prevention (Africa CDC), explained: “Africa has to team up with development partners to achieve its 60% continent-wide vaccination in the next two years. I think that is why we should as a collective of the continent, and of course, in partnership with the developed world make sure that Africa has timely access to vaccines to meet our vaccination targets.”
Several countries around the world have ordered the Sputnik V, according to the Russian Direct Investment Fund (RDIF). This is a sovereign wealth fund established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors.
The offer of 300 million doses to Africa, to be delivered in May, seems limited by Russia’s own production capability. Quoting Deputy Prime Minister Tatyana Golikova, TASS Information News Agency in February 2021 reported that Russia plans to produce 88 million double doses of coronavirus vaccines in the first six months of the year, not including the newly registered CoviVac vaccine.
“We expect that 88 million double doses of coronavirus vaccines will be produced by the end of the first half of the year, not including CoviVac,” she said, adding that 83 million double doses of the Sputnik V vaccine as well as 5.4 million double doses of EpiVacCorona would be manufactured.
According to Golikova, 30.5 million double doses of the vaccines will be produced this first quarter of the year. She also said that 11.1 million double doses of the vaccines have been manufactured in the country so far and 7.9 million doses have been released for civil distribution.
In his wide-ranging annual media conference held on December 17, 2020, Russian President Vladimir Putin explained that as the pandemic spreads, millions of coronavirus vaccine doses will have been produced in Russia at the beginning of the year. The primary objective is to vaccinate the Russian population. “Production of this vaccine requires relevant plants, enterprises, and hardware — all that will be scaled up. I expect all of these plans to be fulfilled and production of millions of vaccine doses at the beginning of the year,” he said.
Technological capabilities
With regard to cooperation with other countries, it will boost the technological capabilities of enterprises to produce the vaccine. Foreign countries will invest their own money into expanding their production capacities and purchasing the corresponding equipment.
“As for cooperation with foreign countries: nothing is stopping us from manufacturing vaccine components at facilities in other countries precisely because we need time to enhance the technological capacities of our vaccine manufacturing enterprises. This does not hinder vaccination in the Russian Federation,” he said.
Sputnik V is registered in Russia, Belarus, Argentina, Bolivia, Serbia, Algeria, Palestine, Venezuela, Paraguay, Turkmenistan, Hungary, UAE, Iran, Republic of Guinea, Tunisia, Armenia, Mexico, Nicaragua, Republika Srpska (an entity of Bosnia and Herzegovina), Lebanon, Myanmar, Pakistan, Mongolia, Bahrain, Montenegro, Saint Vincent and the Grenadines, Kazakhstan, Uzbekistan, Gabon, Ghana and San Marino.
On August 11, 2020, Russia became the first country to register a coronavirus vaccine named Sputnik V, developed by the Gamaleya Scientific Research Institute of Epidemiology and Microbiology.
According to the latest media reports, Moscow is not the only foreign player making inroads into Africa. French President Emmanuel Macron urged Europe and the United States to send, without much delay, enough Covid-19 vaccine doses to Africa to inoculate the continent’s healthcare workers or risk losing influence to Russia and China.
According to Macron, Europe and the United States could allocate up to 5% of their current vaccine supplies to developing countries in an effort to avoid an unprecedented acceleration of global inequality.
Addressing the Munich Security Conference in February after U.S. President Joe Biden and German Chancellor Angela Merkel, Macron pleaded for sending 13 million doses to Africa as a first step — enough to inoculate all its health workers, failure would mean Africa coming under justified pressure to buy doses from the Chinese and the Russians.
Ahead of the G7 meeting on February 19, Macron described the slow speed of Covid-19 vaccination campaigns in Africa as “intolerable” and blaming inequality between poor and rich countries for access to vaccines. “We must respond to this outrageous inequality,” Macron said, during a videoconference with Egypt’s President Abdul Fattah al-Sisi, Senegal’s President Macky Sall, South African President Cyril Ramaphosa, Congolese President Félix Tshisekedi and Comoros President Azali Assoumani.
The goal of the meeting was to identify “priority areas” and help bring African voices to talks planned between leaders of the G7 countries. “We are at a moment of truth if we want to act more effectively,” said Macron, adding that it was in the interest of the whole world to vaccinate people globally, otherwise the virus would continue to circulate, and different variants would emerge.
Increasing production capacities in Africa
He said production capacities in Africa needed to be increased, while transparency on vaccine pricing was needed, pointing to how some Western countries could buy vaccines more cheaply than African countries.
France is indeed part of the Covax facility, which acts as a global collective bargaining initiative to secure vaccine doses for countries who signed up, including those which are self-financing their purchases, as well as assistance from donors for poorer countries. The first vaccines purchased through Covax are destined to reach the African continent in February, with some 88.7 million doses of the AstraZeneca and Pfizer vaccines distributed to 47 countries by the first half of 2021.
Through bilateral relations, a number of African countries have had vaccine donations from the People’s Republic of China (PRC). China has already provided the Covid-19 vaccine, as donations, to Equatorial Guinea and Zimbabwe and will further help 19 African countries as part of its commitment to making vaccines global public goods, according to the Chinese Foreign Ministry.
Foreign Ministry spokesperson, Wang Wenbin, said on February 22 that China would also support enterprises to export Covid-19 vaccines to African nations that urgently need, recognize, and have authorized the emergency use of Chinese vaccines.
The aid is a clear manifestation of the China-Africa traditional friendship, he said, adding that China will continue to provide support and assistance within its capacity and in accordance with the needs of Africa. China welcomes and supports France and other European and American nations in providing vaccines to help Africa fight the pandemic.
African countries are ready to help each other fight the pandemic. Senegal is the first African country to donate vaccines to its neighbours as Dakar announced that it would give 10,000 doses each of its Chinese coronavirus vaccines to The Gambia and Guinea-Bissau. President Macky Sall confirmed the donation as a sign of solidarity.
Senegal received a vaccine consignment of 200,000 from China’s Sinopharm. The government said it paid a little over 2 billion CFA francs (US$3.74 million) for the doses to begin its campaign. Senegal says it is also in negotiations with Russia to purchase its Sputnik V vaccine. It aims to innoculate about 90% of a targeted 3.5 million people, including health workers and high-risk individuals between the ages of 19 and 60, by the end of 2021. The country’s population is about 16 million.
Senegal is eligible for the COVAX program, a WHO-backed program expected to deliver vaccines to those who need them most. During the virtual meeting of G7 leaders, the European Union announced it had donated a further 500 million euros to the COVAX program. According to the Senegalese Health Ministry, it expects 1.3 million doses by early March. It comes at no cost to the West African nation.
According to official reports, India is also joining the global players in Africa. India will make its first shipment of a locally made Covid-19 to the WHO-backed equitable vaccine distribution network COVAX. “In fulfilling our commitment to helping the world with Covid-19 vaccines, the supply of Made-in-India vaccine has commenced for Africa under COVAX facility,” Anurag Srivastava, spokesman for the Ministry of External Affairs, said on Twitter.
The World Health Organization this February paved the way for the Oxford University/AstraZeneca vaccine’s global rollout by approving emergency use of the product produced by the Serum Institute of India (SII), the world’s biggest vaccine maker, and SK Bioscience of South Korea. SII will also start producing the Novavax vaccine mainly for poor and middle-income countries.
India, the world’s biggest maker of vaccines, has shipped over 17 million vaccine doses to more than two dozen countries — including around 6 million as gifts to partners such as Bangladesh and Nepal. For its own campaign, New Delhi has so far only ordered 31 million doses.
The cost of vaccinating 60% of Africa’s 1.3 billion people would be between US$10 billion and US$15 billion, according to the Africa Centres for Disease Control. The continent has secured 36% of its vaccine needs, with 25% of the doses to come from the Covax initiative and 11% from a separate African Union program, Africa’s CDC said.
Africa really needs the developed world, as it has no vaccine of its own. It’s far behind the rest of the world in terms of acquisition and inoculations, with richer nations having secured the scarce shots early. Africa, however, remains resolute at ensuring the welfare of the entire population, while the African Union, regional blocs and individual governments make frantic efforts to acquire adequate vaccines through bilateral and multilateral agencies.
WHO has declared the coronavirus outbreak a pandemic since March 11, 2020. South Africa accounts for the biggest number of Africa’s coronavirus cases. Egypt and Morocco in the north have increasing rates of infection, and in countries such as Ethiopia, Nigeria and Kenya in Sub-Saharan Africa. The overall number of Covid-19 cases in Africa currently stands more than 3.8 million in late February, according to the World Health Organization’s (WHO) Regional Office for Africa.
This article first and originally published by InDepthNews.
World
S&P Restores Afreximbank to Investment-Grade Status After 12 Years
By Adedapo Adesanya
Credit ratings agency, S&P Global Ratings, has restored the African Export-Import Bank (Afreximbank) to investment grade, nearly 12 years after its last assessment, citing the entity’s countercyclical lending record and strong shareholder support.
The BBB+ rating with a stable outlook is one notch above Moody’s Baa2 and comes months after Afreximbank severed ties with Fitch Ratings.
The lender accused the agency of misjudging its mission, following a downgrade to junk status amid disagreements over the bank’s role in debt restructurings for Ghana and Zambia. Fitch subsequently withdrew its ratings entirely and flagged governance concerns.
S&P said in a statement on Thursday that Afreximbank’s record as a countercyclical lender and its substantial shareholder support served as rationale for its rating. Credit ratings often guide the costs of capital for a borrower.
The lender’s total assets, S&P noted, had expanded to $42.3 billion by the end of 2025, up from $7.1 billion in 2015.
S&P said it did not incorporate preferred creditor status into its assessment because Afreximbank provides almost 80 per cent of its loans to private-sector entities.
However, it acknowledged that Afreximbank, alongside other institutions, had experienced prolonged payment arrears in recent years, notably following the defaults and debt restructurings in Ghana and Zambia.
S&P noted that Afreximbank said in December that it had come to an agreement with Ghana on its $750 million loan, but that the lender had not announced a resolution with Zambia.
The agency warned that further sovereign restructurings could weigh on Afreximbank’s asset quality.
S&P’s assessment described Afreximbank’s governance and management as “adequate”, saying the inclusion of two independent directors and the African Development Bank (AfDB) as a permanent board member provided institutional oversight.
It noted that while increasing participation of private-sector investors through Class D shares could influence the bank’s risk appetite, Class A shareholders retained veto rights over big institutional changes, balancing potential risk.
World
Elon Musk Becomes World’s First Trillionaire as SpaceX Soars in Nasdaq Debut
By Adedapo Adesanya
Mr Elon Musk, the world’s richest man, is now a trillionaire as his SpaceX rose 11 per cent in its Nasdaq debut on Friday, lifting its valuation to about $1.96 trillion as investors piled into the world’s largest initial public offering (IPO).
The stock opened for trading at $150 compared with the IPO price of $135 per share.
The landmark listing cemented Mr Musk’s status as the first trillionaire ever and propelled SpaceX into the ranks of the world’s most valuable companies
The listing is being used as a benchmark of what is to come for the market ahead of forthcoming IPOs for AI heavyweights Anthropic and OpenAI.
The record IPO is a culmination of Mr Musk’s long-held ambitions in space and technology.
Most of Musk’s wealth now rests with SpaceX, where he holds a stake worth roughly $866 billion. Along with Tesla and the rest of his properties, his net worth will exceed $1.1 trillion when the stock begins trading on Friday.
At a quoted $75 billion, the deal’s proceeds were more than double those of Saudi Aramco’s record-setting 2019 IPO.
The valuation could rise further should underwriters exercise their right to sell additional shares, a decision typically made within 30 days after the offering.
Although SpaceX may have to wait for entry into the S&P 500, its expected fast-track inclusion in the Nasdaq 100 will soon make it a major holding for passive funds and ETFs that track the index, creating a fresh source of demand for its shares.
It will take about a month before it gets added to that index under Nasdaq’s new fast-entry rules, as opposed to a typical wait of as much as a year.
SpaceX said its market opportunity spans $28.5 trillion, a figure it called the largest in human history.
Mr Musk, 54, was born in Pretoria, South Africa, to a Canadian mother and South African father. He attended the University of Pennsylvania, graduating in 1997.
He took over as Tesla’s CEO in 2008. Beyond Tesla and SpaceX, Mr Musk has co-founded five other companies, including tunnelling startup The Boring Company and brain implant maker Neuralink.
World
Bridge Awards Symbolize a Definitive Choice of Life in Russia—Sammy Kotwani
By Kestér Kenn Klomegâh
Under the presidential decree, authorising an initiative to tap the best brains and professionals from abroad to integrate into Russian society, the Agency for Strategic Development plans to hold its first Bridge Awards, which honour the contributions of foreign citizens and repatriates who have made a definitive life choice in favour of Russia. The Bridge Awards was founded by entrepreneur Philip Hutchinson and public figure Guy Eames.
Launched in February 2026, the competition for the awards has attracted a lot of potential candidates from more than 40 countries competing for victory across 12 categories. The highest number of applications came from the United States, totalling 18. There are also a number of candidates from Europe, Asia, and Africa. The “Business” category proved to be the most geographically diverse, drawing applicants from 12 countries.
The Bridge Awards recognise the valuable contributions of foreign citizens and repatriates to the Russian society. It is also dedicated to raising awareness, recognising achievements, and building strong connections with the international community.
According to the official reports made available, among the winning applicants and world-renowned celebrities for the Business Category were Sammy Manoj Kotwani, President, Indian Business Alliance; President, SITA/Indian National Cultural Centre; President, Overseas Friends of BJP Russia; and Founder, Imperial Tailoring Company.
In this conversation, Sammy Kotwani talks about how he has lived and worked in Russia for more than three decades, his entrepreneurial achievements, and his contributions to Russian society. Here are the interview excerpts:
What really motivates you to participate in the first competition for Bridge Awards?
For me, the Bridge Awards are not only a competition. They are a recognition of a life journey. I have lived and worked in Russia for more than three decades. Russia gave me the opportunity to build my business, serve the Indian community, promote Indian culture, and create real business connections between India and Russia.
My motivation is very simple: I want to show that a foreign citizen can love Russia, respect its people, contribute to its economy, and at the same time remain deeply connected to his own roots and motherland.
Through the Indian Business Alliance, through cultural activities, through India–Russia business forums, through meetings with governors and regional leaders, my work has always been to build bridges — not only between governments, but between people, entrepreneurs, regions, cultures, and families.
So, when I heard about the Bridge Awards, I felt that this platform represents exactly what I have tried to do for many years: turn friendship into action, and respect into real cooperation.
You were selected by the Jury for the business category. What are the implications of this category?
Being selected in the business category is a very meaningful honour because business is where friendship becomes practical.
India and Russia already have strong political trust, historic goodwill, and a strategic partnership. But the real question today is: how do we convert this goodwill into trade, investment, joint ventures, logistics solutions, industrial cooperation, and regional development?
That is why the business category is important. It recognises those who are not only speaking about cooperation, but actually working on the ground to make it happen.
For me personally, it reflects the work of the Indian Business Alliance in connecting Indian entrepreneurs with Russian regions, supporting business missions, encouraging investment, discussing opportunities with governors, and identifying practical sectors such as textiles, pharmaceuticals, logistics, food processing, energy, technology, education, tourism, and skilled manpower.
This category is not only about personal achievement. It is about responsibility. It means we must continue to create platforms where Indian and Russian businesses can meet, trust each other, and build long-term partnerships.
Do you think the “Time to Live in Russia” programme has good future prospects for foreign citizens who choose to relocate and live in Russia?
Yes, I believe the “Time to Live in Russia” programme has strong future potential, provided it remains practical, transparent, and welcoming.
Many foreign professionals, entrepreneurs, investors, teachers, doctors, engineers, cultural workers, and skilled specialists are looking for countries where they can build a meaningful life. Russia has space, resources, education, culture, business opportunities, and strong regional potential.
But relocation is not only about visas or documents. A person who comes to Russia needs guidance, integration, language support, business orientation, community support, and confidence that he or she can build a stable future.
This is where such a programme can become very powerful. If it helps talented foreigners understand Russia better, settle smoothly, respect Russian society, and contribute to the economy, then it can become a serious instrument of international cooperation.
From the Indian perspective, I see strong potential. Many Indians are skilled in technology, medicine, education, trade, textiles, pharmaceuticals, engineering, hospitality, and entrepreneurship. If the right mechanism is created, India and Russia can benefit greatly from this human bridge.
How would you characterise the International Bridge Awards by the Agency for Strategic Initiatives and decreed by President Vladimir Putin?
I would characterise the Bridge Award as a timely and visionary initiative. In today’s world, countries need more than formal diplomacy. They need people who understand both sides, who can translate culture into trust, and trust into practical cooperation.
The Bridge Award gives recognition to such people — foreign citizens and repatriates who have chosen Russia not only as a place to live, but as a place to contribute.
For me, this award carries a very important message: Russia values those who sincerely work for its development, its international friendships, and its multicultural society.
The involvement of the Agency for Strategic Initiatives gives the award a serious institutional direction. It shows that this is not just a symbolic gesture, but part of a larger vision — to make Russia a place where international talent, entrepreneurs, cultural leaders, and public figures can participate in national development.
I believe this award can become a powerful platform for public diplomacy. It can show the world that Russia is open to sincere partners, serious professionals, and people who are ready to build, not just observe.
For me, as an Indian who has lived in Russia for many years, the word “bridge” is very personal. A bridge connects two banks. It allows people to cross, meet, understand, and build together. That is exactly what India and Russia need today—more bridges, more trust, more implementation, and more human connection.
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