World
Why Africa is a Priority for Russia’s Rosatom
By Kester Kenn Klomegah
After the first Russia-Africa summit held in Sochi, authorities have been moving to build on this new chapter of Russia’s relations with African countries.
As set in the joint declaration, the two sides have outlined comprehensive goals and tasks for the further development of Russia-Africa cooperation in significant areas including science and technology.
Business interest in Africa is steadily increasing and Russian companies, among them Rosatom, are ready to work with African partners.
It is largely acknowledged that energy (construction and repair of power generation facilities as well as in peaceful nuclear energy and the use of renewable energy sources) is an important area of the economic cooperation between Russia and Africa.
Ryan Collyer is the Chief Executive Officer (CEO) of Rosatom Sub-Saharan Africa, and his key responsibilities include overseeing, implementing and managing all Russian nuclear projects in the Sub-Sahara African region.
In this insightful and wide-ranging interview with Kester Kenn Klomegah in early April 2021, Ryan Collyer discusses efforts toward providing nuclear power, training of nuclear specialists, the main challenges and the future plans for Africa.
Here are the interview excerpts:
Even before the first Russia-Africa summit held in October 2019, several African countries have shown a keen interest in building nuclear power plants. What is the current situation (overview) moving from mere interest to realizing concrete results in Africa?
It is important to note that nuclear is not new to Africa and Africa is not new to nuclear. South Africa has successfully operated Safari 1 research reactor for over 55 years and Koeberg nuclear power plant for over three decades. At one point, South Africa was the second-largest exporter of the life-saving medical isotope, Molybdenum 99, in the world. There are also currently research reactors in the Democratic Republic of Congo, Nigeria, and Ghana.
Another source is the cooperation with the International Atomic Energy Agency. Thanks to that, many countries like Benin, Ethiopia, South Africa, Tanzania, Zambia, and others benefit from modern nuclear technologies applications in healthcare and agriculture. In Zambia, a cancer disease hospital received much-needed support, and now over 20,000 patients have been diagnosed and treated at the hospital. Benin’s soybean farmers could triple their income using the benefits of nuclear irradiation. In Tanzania, its island of Zanzibar became tsetse-free thanks to the Sterile Insect Technique (SIT).
Many other African countries are already working on joining the atomic club in one form or another, whether it be the construction of a Nuclear Power Plant or a research reactor or the development of nuclear infrastructure or the training of professional personnel. In this undertaking, Russia is a trusted partner for many. We have signed intergovernmental agreements in the peaceful use of atomic energy with Algeria (2014), Ghana (2015), Egypt (2015), Ethiopia (2019), the Republic of Congo (2019), Nigeria (2012, 2016), Rwanda (2018), South Africa (2004), Sudan (2017), Tunisia (2016), Uganda (2019) and Zambia (2016). Memoranda of Understanding (MOUs) were signed with Kenya in 2016 and Morocco in 2017.
How would you estimate the potential nuclear energy requirements in Africa? How is that compared to other alternative power sources such as solar and hydro-power?
Today, 600 million people in sub-Saharan Africa (one-out-of-two people) do not have access to electricity. Any significant change is not forthcoming, according to the International Energy Agency (IEA). Estimations show that 530 million people (one-out-of-three people) will remain without electricity in 2030. As GDP growth and urbanization in Africa escalate, the power demand will increase exponentially. Today the electricity demand in Africa is 700 terawatt-hours (TWh), with the North African economies and South Africa accounting for over 70% of the total.
According to the IEA estimate scenarios, by 2040, the electricity demand will more than double in the Stated Policies Scenario to over 1600 TWh. It may reach 2300 TWh in the Africa Case Scenario. It is undeniable that Africa needs vast amounts of sustainable energy to transform societies, grow economies, and reduce the global carbon footprint.
No single source of electricity can provide these amounts and considerably lower greenhouse emissions. A healthy mix of several intermittent and baseload options can satisfy these criteria and allow for the economy and society’s prosperity. The top-5 performers in the Energy Trilemma Index by World Energy Council have a combination of both nuclear and renewable resources to balance all three dimensions: equity, security, and environmental sustainability, thus enabling their prosperity and competitiveness. For example, Switzerland has over 30% nuclear, Sweden roughly 40% nuclear, Finland – 18%, and France – over 70% nuclear.
Apart from energy poverty, nuclear can solve other continent problems, from low industrialization to advances in science, healthcare, and agriculture, thus propelling the continent towards the African Union’s Agenda 2063 Master plan, which envisions Africa’s transformation into the global powerhouse of the future. So, we are advocating a diverse energy mix that utilizes all available resources, including renewables and nuclear, to ensure climate resilience and environmental safety, social equity, and supply security.
Can you discuss concretely the planned nuclear projects in South Africa, Zambia and Egypt? Say why these have still not taken off as planned, the necessary agreements have been signed though?
Our plans for projects in Egypt and Zambia are proceeding at the pace acceptable for both parties. In Egypt, we plan to commission four power units with VVER-1200 type reactors with a capacity of 1200 MW each by 2028. We will also supply nuclear fuel throughout the entire NPP life cycle (60 years), provide training services, and carry out maintenance and repairs within ten years after each unit’s start. With our initial agreement signed in 2015, and necessary infrastructure still being put in place, the El Dabaa project is firmly underway.
Our project in Zambia, Center for Nuclear Science and Technology, is implemented in several stages, starting with a Multipurpose Irradiation Center. Once the Center is built, a training complex within it will contribute to building capacity in nuclear technology by providing opportunities for training students of different degrees from Bachelor to PhD and carrying out advanced experiments and research that provides a new level of practical competencies. With Zambia being new to nuclear, the installation of infrastructure is the key priority at the moment.
As for South Africa, we maintain a cordial working relationship with crucial nuclear industry bodies and are monitoring their ambitions to add 2500MW of new nuclear to the grid very closely, but we are not currently engaged in any active nuclear projects. The initial 9600MW nuclear new build program in South Africa was halted in 2017 as a result of internal procedural issues of the country. It is important to note that the 9600MW program did not make it past the Request for Information (RFI) stage, and Rosatom was only one of many vendors interested to bid for the project. The program was then downsized to 2500MW and restarted in 2020 as the country grapples with power shortages due to an ageing coal-fired fleet.
To what extent, the use of nuclear power safe and secured for Africa? What technical precautions (measures) can you suggest for ensuring nuclear security?
A nuclear power program is a complex undertaking that requires meticulous planning, preparation, and investment in time, institutions, and human resources. The development of such a program does not happen overnight and can take several years to implement. All countries, which embark on the path towards the peaceful use of nuclear technologies, do so by adopting the IAEA Milestone Approach framework. This approach provides newcomer countries with well-structured guidance and a clear to-do list, which gives them a clear understanding of how to safely and effectively implement and manage their civil nuclear program. This approach includes necessary policy and legal framework, human capital development, installation of management and regulatory bodies, implementation of safeguards, and educating the public.
Since many of our partners are relatively new to the technology, we are able to provide full support to them on their path towards achieving their national nuclear energy programs, this at all of its stages of the project and in full accordance with IAEA regulations.
Do you also envisage transferring technology by training local specialists and how does this currently look like, how many specialists per year undergoing training in Russia?
The ultimate goal in our projects is to help our partners gain independence in terms of human capital. Still, it will need at least a decade of education and training of many young people and professionals.
As part of our commitment, we assist our partner countries with training local personnel via a government-sponsored bursary program by the Russian Ministry of Science and Higher Education. Since 2010, hundreds of students from Algeria, Ghana, Egypt, Zambia, Kenya, Nigeria, Tanzania, Uganda, Ethiopia, and South Africa have been receiving nuclear and related education at leading Russian educational institutions. Currently, over 1500 students from Sub-Saharan Africa study in Russia under bachelor, master and post-doc programs, 256 students are on nuclear and related programs.
Another aspect is short-term training for professionals – managers and specialists in nuclear. The topics of training range from nuclear energy, technology management and technical regulations to safety features of Russian designs in nuclear.
In your view, why many African countries opting for renewable energy? Is nuclear power affordable for Africa? With this trend, what is Rosatom’s plan for future cooperation with African countries?
Currently, renewables show the fastest-growing curve in meeting this demand with the solar potential of 10 TW, the hydro of 350 GW, the wind of 110 GW, and the geothermal energy sources of 15 GW. Many are easy to install and demand little in terms of investment.
However, the critical question regarding these sources is reliability. US Energy Department estimates show that nuclear power plants produce maximum power over 93% of the time during the year. That’s about 1.5 to 2 times more than natural gas and coal units and 2.5 to 3.5 times more reliable than wind and solar plants. To replace a nuclear power plant, one would need two coal or three to four renewable plants of the same size to generate the same amount of electricity onto the grid.
Another critical question is the cost. Most of the funds are needed during the construction period. Building a large-scale nuclear reactor takes thousands of workers, massive amounts of steel and concrete, thousands of components, and several systems to provide electricity, cooling, ventilation, information, control and communication. However, apart from a reliable source of electricity throughout several decades (from 40 to 60 years minimum), the International Energy Agency (IEA) estimates that the construction of new NPPs is competitive compared to other green energy sources like wind and solar. It is also worth noting such an economic advantage of nuclear power as the electricity cost’s stability and predictability.
Our experience shows substantial dividends for any country that joins the international nuclear community. We are talking about thousands of new jobs, quantum leaps in R&D, and the creation of entirely new sectors of the economy. According to our estimates, US$1 invested in nuclear power plants under the Rosatom project brings in US$ 1.9 to local suppliers, US$4.3 for the country’s GDP, and US$1.4 to the Treasury as tax revenues.
We have recently calculated even more specific data based on El Dabaa nuclear power station. During the construction period, the NPP project will increase the country’s GDP by over US$4 billion or 1%, bring around US$570 million as tax revenue, and employ over 70% of local personnel. Apart from the NPP itself, Egypt will have a new seaport, several roads, and schools constructed. After the start of operations, over 19% of the population or 20 million people will have access to electricity, and the NPP will prevent over 14 million tons of CO2 emissions annually.
In general, I would like to say that while the capital cost for nuclear energy may be higher, the reliable energy that it produces over its lifespan is very affordable. Beyond this, the inclusion of nuclear energy into the energy mix itself gives a powerful qualitative impetus for the economy, the establishment of high-technology-based industries and, as a result, the growth of export potential and quality of life.
Reference: Rosatom offers integrated clean energy solutions across the nuclear supply chain and beyond. With 70 years of experience, the company is the world leader in high-performance solutions for all kinds of nuclear power plants. It also works in the segments of wind generation, nuclear medicine, energy storage and others. Products and services of the nuclear industry enterprises are supplied to over 50 countries around the world.
World
Trump Picks Kevin Warsh to Succeed Jerome Powell as Federal Reserve Chair
By Adedapo Adesanya
President Donald Trump has named Mr Kevin Warsh as the successor to Mr Jerome Powell as the Federal Reserve chair, ending a prolonged odyssey that has seen unprecedented turmoil around the central bank.
The decision culminates a process that officially began last summer but started much earlier than that, with President Trump launching a criticism against the Powell-led US central bank almost since he took the job in 2018.
“I have known Kevin for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best,” Mr Trump said in a Truth Social post announcing the selection.
US analysts noted that the 55-year old appear not to ripple market because of his previous experience at the apex bank as Governor, with others saying he wouldn’t always do the bidding of the American president.
If approved by the US Senate, Mr Warsh will take over the position in May, when Mr Powell’s term expires.
Despite having argued for reductions recently, “Warsh has a long hawkish history that markets have not forgotten,” one analyst told Bloomberg.
President Trump has castigated Mr Powell for not lowering interest rates more quickly. His administration also launched a criminal investigation of Powell and the Federal Reserve earlier this month, which led Mr Powell to issue an extraordinary rebuke of President Trump’s efforts to politicize the independent central bank.
World
BRICS Agenda, United States Global Dominance and Africa’s Development Priorities
By Kestér Kenn Klomegâh
Donald Trump has been leading the United States as its president since January 2025. Washington’s priority is to Make America Great Again (MAGA). Trump’s tariffs have rippled many economies from Latin America through Asian region to the continent of Africa. Trump’s Davos speech has explicitly revealed building a ‘new world order’ based on dominance rather than trust. He has also initiated whirlwind steps to annex Greenland, while further created the Board of Peace, aimed at helping end the two-year war between Israel and Hamas in Gaza and to oversee reconstruction. Trump is handling the three-year old Russia-Ukraine crisis, and other deep-seated religious and ethnic conflicts in Africa.
These emerging trends, at least in a considerable short term, are influencing BRICS which has increased its geopolitical importance, and focusing on uniting the countries in the Global East and Global South. From historical records, BRICS, described as non-western organization, and is loosing its coherence primarily due to differences in geopolitical interests and multinational alignments, and of course, a number of members face threats from the United States while there are variations of approach to the emerging worldwide perceptions.
In this conversation, deputy director of the Center for African Studies at Moscow’s National Research University High School of Economics (HSE), Vsevolod Sviridov, expresses his opinions focusing on BRICS agenda under India’s presidency, South Africa’s G20 chairmanship in 2024, and genegrally putting Africa’s development priorities within the context of emerging trends. Here are the interview excerpts:
What is the likely impact of Washington’s geopolitics and its foreign policy on BRICS?
From my perspective, the current Venezuela-U.S. confrontation, especially Washington’s tightened leverage over Venezuelan oil revenue flows and the knock-on effects for Chinese interests, will be read inside BRICS as a reminder that sovereign resources can still be constrained by financial chokepoints and sanctions politics. This does not automatically translate into BRICS taking Venezuela’s side, but it does strengthen the bloc’s long-running argument for more resilient South-South trade settlement, diversified energy chains, and financing instruments that reduce exposure to coercive measures, because many African and other developing economies face similar vulnerabilities around commodities, shipping, insurance, and correspondent banking. At the same time, BRICS’ expansion makes consensus harder: several members maintain significant ties with the U.S., so the most likely impact is a technocratic push rather than a loud political campaign.
And highlighting, specifically, the position of BRICS members (South Africa, Ethiopia and Egypt, as well as its partnering African States (Nigeria and Uganda)?
Venezuela crisis urges African members to demand that BRICS deliver usable financial and trade tools. For South Africa, Ethiopia, and Egypt, the Venezuela case is more about the precedent: how quickly external pressure can reshape a country’s fiscal room, debt dynamics, and even investor perceptions when energy revenues and sanctions compliance collide. South Africa will likely argue that BRICS should prioritize investment, industrialization, and trade facilitation. Ethiopia and Egypt, both debt-sensitive and searching for FDI, will be especially attentive to anything that helps de-risk financing, while avoiding steps that could trigger secondary-sanctions anxieties or scare off diversified investors.
Would the latest geopolitical developments ultimately shape the agenda for BRICS 2026 under India’s presidency?
India’s 2026 chairmanship is already framed around “Resilience, Innovation, Cooperation and Sustainability,” and Venezuela’s shock (paired with broader sanction/market-volatility lessons) will likely sharpen the resilience part. From an African perspective, that is an opportunity: South Africa, Ethiopia, and Egypt can press India to translate the theme into deliverables that matter on the ground: food and fertilizer stability, affordable energy access, infrastructure funding. India, in turn, has incentives to keep BRICS focused on economic problem-solving rather than becoming hostage to any single flashpoint. So the Venezuela episode may function as a cautionary case study that accelerates practical cooperation where African members have the most to gain. And I would add: the BRICS agenda will become increasingly Africa-centered simply because Africa’s weight globally is rising, and recent summit discussions have repeatedly highlighted African participation as a core Global South vector. South Africa’s G20 chairmanship last year explicitly framed around putting Africa’s development priorities high on the agenda, further proves this point.
World
Afreximbank Terminates Credit Relationship With Fitch Amid Rating Tension
By Adedapo Adesanya
African Export-Import Bank (Afreximbank) has has officially terminated its credit rating relationship with Fitch Ratings, indicating friction between both firms.
According to a statement on Friday, the Cairo-based African lender said the decision follows a review of the relationship, and its firm belief that the credit rating exercise no longer reflects a good understanding of the bank’s Establishment Agreement, its mission, and its mandate.
“Afreximbank’s business profile remains robust, underpinned by strong shareholder relationships and the legal protections embedded in its Establishment Agreement, signed and ratified by its member states,” the statement added.
Business Post reports that Fitch had cut Afreximbank’s credit rating to one notch above ‘junk’ Status last year and currently has it on a ‘negative outlook’, which is a rating agency’s terminology for another downgrade warning.
Lower rating means higher borrowing costs for Afreximbank, which could directly impact its ability to lend and the low rates at which it does so.
Recall that Fitch in its report published in June 2025, had estimated Afreximbank’s non-performing loans at 7.1 per cent by the end of 2024, exceeding Fitch’s 6 per cent “high risk” threshold.
The African Peer Review Mechanism (APRM) contested Fitch’s assessment and argued that Fitch confused loan restructuring requests from South Sudan, Zambia, and Ghana by considering them as defaults, claiming this was inconsistent with the 1993 treaty establishing Afreximbank.
African policymakers have raised worries about the ratings by foreign rating agencies like Fitch, Moody’s, and S&P among others. This has increased call for an African focused agency, which is expected to have commenced but continues to face delays.
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