Browsing: Africa-Russia relations

The two-day Russia-Africa summit 2023, being held in St. Petersburg, is seen by Putin as a major event to bolster ties with Africa, a continent with 1.3 billion people that is increasingly assertive on the global stage. This marks the second Russia-Africa summit since 2019. However, the number of heads of state attending has significantly reduced, from 43 in the previous summit to only 17 now. The Kremlin attributes this decrease to crude Western pressure discouraging African nations from participating.…

• The second Russia-Africa Summit is underway in St Petersburg, Russia.
• The first Russia-Africa summit in 2019 culminated in the signing of 92 agreements, worth over $11 billion.
• Russia is looking to maintain major trade deals with Africa—a market of 1.3 billion people.

The second Russia-Africa Summit is currently underway in St Petersburg, Russia. This crucial summit taking place on 27th and 28th July has left tongues wagging in the West. The summit has the potential to either further isolate Russia globally or turn the tide and see Africa back Moscow.

How the summit plays out will have very significant outcomes in the determination of the ongoing geopolitical shifts.

$11Bn worth of deals in 2019 Russia-Africa summit

In 2019, Russia and a score of African leaders met for the first Russia-Africa Summit which culminated in the signing of 92 agreements, worth over $11 billion. This time around, with Africa facing a …

World trade is increasingly relying on new technologies to meet demand and Asia is likely to take centre stage in the future of global trade.

Analysts predict Southeast Asia will be the world’s busiest trade area by trade volume.

The International Monetary Fund (IMF) reports that billions of dollars are already been invested in warehouses and distribution centers across with ports investing in automated vehicles and cranes to increase efficiency and cut costs in the long term.

Trade in the modern world is global. Flow of goods, services, capital, people and data connects us all. Value chains of even the smallest of daily consumer products are global. Raw, a raw material from Africa is developed in Asia and consumed in the Americas -, that is the modern world and countries that wish to be competitive must adopt.

However, this view of a ‘world village’ is changing, in the wake …

Again, the blatant abuse of, and racism against Africans in Ukraine is another knocker that will not see Africans get swayed easily since they feel they are still being treated like lesser humans.

For America and its allies to gain Africa’s support on any agenda they have, they have to do a lot more to convince Africans than they have had to prior to the covid-19 menace and the Russia-Ukraine crisis.

It is evident that the US, Europe and their allies do not care much for Africa. During the pandemic, the US, Europe and their allies hoarded vaccines and denied the continent the opportunity for equal and timely administration. This, however, was a blessing in disguise in that the vaccines have largely proven not to be effective. A win for Africa!

Since Russia’s operation started in Ukraine, a powerful alliance of friends has worked together to isolate the largest Slavic …