In 1991, the globally recognized anti-western Soviet propaganda machine collapsed and disappeared. Russia and SADC Member States have had long-standing and time-tested bilateral partnerships for nearly 30 years after the Soviet collapse. In this long-ranging interview, the Executive Secretary of the Southern African Development Community, Stergomena Lawrence Tax, discusses various aspects of SADC-Russia’s economic cooperation, some strategies, challenges and future perspectives with Kester Kenn Klomegah from Moscow.
Russia and Africa mark nearly 30 years of bilateral relations after the Soviet collapse. What does this mean from the African perspectives?
Russia has a long history of bilateral engagements with the Southern African countries, which constitute the Southern African Development Community, a Regional Economic Community (REC). Russia, as part of the then Union of Soviet Socialist Republics (USSR), supported the concerted efforts of the Frontline States and the Liberation Movements to fight against apartheid and the existential threats posed by it.
The USSR, in this regard, provided technical and military support to most of the countries that were a part of the Frontline States in order to achieve total liberation in the region. Even after the break-up of the USSR, Russia has continued to play an important role in technical assistance, economics and military support to African countries, including SADC Member States – our relationship with Russia is therefore not new, it is very valuable, and need to be sustained.
The most recent visit (2018) of the Russian Foreign Minister H.E. Sergey Lavrov, to the Republics of Angola, Ethiopia, Namibia and Zimbabwe, (as we understand it) was largely focused on signing of economic cooperation agreements to attract Russian investments in key areas such as mining, aviation and energy sectors, as well as fostering military technical cooperation.
Southern African leaders are looking for investment in infrastructure, industry and trade. How would you characterize Russia’s role in Southern Africa, comparing it among BRICS?
Investment in infrastructure, industry and trade is seen as a catalyst for regional integration, economic growth, and sustainable development. In this regard, SADC welcomes investors from all over the world. It is worth noting that one of the BRICS countries, South Africa, is a SADC Member State. Any comparison will therefore be limited to the other BRICS countries – namely Brazil, India and China.
While Russia as part of the then Union of Soviet Socialist Republics (USSR) supported SADC Frontline States and the Liberation Movements, a few years ago, it has not been that visible in the region as compared to China, India or Brazil. It is encouraging that, of recent, Russia has positioned herself to be a major partner with Southern Africa and being part of the BRICS promotes her engagement with the region, particularly in investment in minerals, aviation, defense and energy sectors.
Russia has also launched an Africa business forum, aimed at improving direct trade with the continent/region beyond the traditional sectors like mining, seeking to invest in areas like agriculture, industrial production, high technology and transport. The upcoming Russia and SADC Investment Forum that is to take place on 23 October 2018 in Russia, also seeks to provide an opportunity for businesses and partnerships.
Foreign Minister Sergey Lavrov has reiterated during his last African tour that Russia’s preferred focus is on Russia-SADC in its diplomacy in Africa. Why is SADC region considered a strategic region for Russia?
We cannot obviously speak for Russia, but we could give you a general overview of why international partners and investors would consider SADC an attractive or strategic investment partner.
There are a number of inter-related factors for this, the first being peace and stability: The SADC region is peaceful and stable. A peaceful and stable environment is attractive to investors as it fosters confidence by assurance of longevity, property rights and fundamental freedoms, which underpin economic rights. Peace in SADC is sustained through cooperation between the 16 Member States of SADC as espoused in the SADC Treaty, and in particular, the Protocol on Politics, Defense and Security Cooperation whose general objective is to promote peace and security in the Region.
The Founding Fathers of SADC had long recognized that the region could remain stable by fostering common political values, building legitimate democratic institutions and mechanisms to sustain peace as a pre-requisite for regional integration and prosperity.
Secondly, is the integrated market resulting from a combined population of approximately 327 million people, and a collective GDP of US$ 600 billion (2016), which is supported by generally favorable weather conditions in most parts of the region.
Thirdly, the region has abundant natural resources ranging from vast energy resources, arable land and forestry; to precious minerals such as diamonds, gold, platinum, copper, cobalt, oil, and natural gas to mention but a few. These are vital for the global economy and strategic partnership.
Notwithstanding, the above mentioned comparative advantages, the region has relatively under-developed human capabilities and infrastructure, which are essential for bolstering the region’s efforts to exploit and maximize benefits from these natural resources. Hence, the need for the region to cooperate with external partners, such as Russia, which has advanced technologies and capacities that could be transferred to the region. A peaceful and stable environment surely presents a ‘strategic’ imperative as well.
Russian Federation’s priorities are also in line with SADC priorities as evidenced by the priorities of the Foreign Economic Strategy in the region as indicated below:
- Prospecting, mining, oil, construction and mining, purchasing gas, oil, uranium, and bauxite assets (Angola, Namibia and South Africa);
- Construction of power facilities—hydroelectric power plants on the River Congo (Angola, Namibia and Zambia,) and nuclear power plants (South Africa);
- Creating a floating nuclear power plant, and South African participation in the international project to build a nuclear enrichment centre in Russia;
- Railway Construction (Angola);
- Creation of Russian trade houses for the promotion and maintenance of Russian engineering products (South Africa).
- Participation of Russian companies in the privatization of industrial assets, including those created with technical assistance from the former Soviet Union (Angola).
In your estimation, what is the level of Russia’s engagement with SADC region?
Russia and SADC Member States have had long-standing bilateral partnership for development for decades, providing substantial results in the priority areas of cooperation. Through such significant historical ties, the peoples of SADC and of Russia have strengthened friendship and mutual understanding for developing comprehensive, equitable and fruitful cooperation.
The ten (10) SADC Member States represented in the Russian Federation, namely: Angola, Democratic Republic of Congo, Madagascar, Mauritius, Mozambique, Namibia, South Africa, Tanzania, Zambia and Zimbabwe provide an extensive representation for engagement.
At the regional level, SADC and Russia are expected to sign a Memorandum of Understanding (MOU) on Basic Principles of Relations and Cooperation on 23rd October 2018, in the following areas, among others, Technical Cooperation and Assistance; Capacity Building; Peace, Security, Conflict Prevention and Resolution; Preventive Diplomacy; Trade, Industry, Finance and Investment; Infrastructure Development, and Energy; Information Communication Technology (ICT); Transport, Communications and Meteorology; Water, Agriculture, Ocean Economy, Food Security; Minerals, Natural Resources and Protection of the Environment; Education and Science; Healthcare; Technology and Innovation; and Culture, Tourism and Information Exchange. In addition, a Memorandum of Understanding (MOU) in the area of Military – Technical Cooperation, with the aim of promoting cooperation between the Parties in regional and international peace and security was signed in July, 2018.
Outcomes of Russian Foreign Minister’s March 2018 visit to some SADC Member States
In March 2018, the Russian Foreign Minister, Sergey Lavrov, visited the Southern Africa region where he held talks with the Presidents of Angola, Namibia, Mozambique and Zimbabwe. In his statement, the Minister noted that Russia together with Africa wanted to elevate trade, economic and investment relations to a level that would meet political and trust-based relations.
It is our considered view that the bilateral engagements served to strengthen the already existing ties, coming up with win–win bilateral cooperation between Russia and these Member States. This will be augmented by the two Memorandum of Understanding: MOU in the area of Military–Technical Cooperation, that is to promote cooperation between the Parties that was signed in July, 2018, and MoU on Basic Principles of Relations and Cooperation to be signed on 23rd October 2018.
What challenges and setbacks, in your view, still remain to get both parties (Russia and Southern Africa) towards result-oriented and effectively closer in their post-Soviet economic cooperation?
SADC works closely with the International Cooperating Partners (ICPs) in achieving its developmental results. As such, SADC’s cooperation with the ICPs is guided by the principles of partnership and commitments. Both SADC and Russia value their adherence to the aims and principles of the United Nations Charter, seeking to contribute to the establishment of a democratic and just world order and to strengthen regional and inter-regional ties to ensure peace, stability, socio-economic development, and mutual confidence.
In view of the above, the thrust for SADC-Russia Cooperation shall be aligned with global, continental, regional, and national policies. By so doing, both sides will be able to contribute and create favourable conditions for socio-economic development, cooperation, and mutual confidence.
Soft power and public diplomacy are largely or significantly not in Russia’s engagement with Southern Africa. What are your objective views on these issues?
If you follow the history of Russia’s engagement with Africa, and Southern Africa in particular, from the days of the USSR to the present, one is likely to find that Public Diplomacy by Russia has encompassed many forms. These have included, educational programs, cultural exchanges, scholarly visitor programs, and of course, the use of media to cover and project issues on Africa from a Russian perspective. These are all instruments and forms of public diplomacy, which would ordinarily have the effect of reaching audiences on our continent and beyond, and impacting positively on what Russia has to offer the world. In the same vein, this can be seen as a form of “soft power” as its aim is to appeal and attract partners rather than coerce them into a relationship of one form or the other.
Arguably, do you think intermediaries will be required, for example, the private equity and commodity trading communities to play a supportive role in forging business links between Russia and Southern Africa?
Like most of the developing countries, Southern African countries have, over the years, largely relied on multilateral and regional development financial institutions to fund their development projects. However, given the huge demand for resources, policy makers have realised that these cannot be met solely from these traditional sources, and therefore, the need to explore alternative and innovative sources of funding. Private equity and commodity trading exchanges can play a critical role in mobilising resources mostly from the private sector to fund projects in the Southern African countries.
For the region to realise its enormous potential, it needs the support of the next generation of financial instruments and intermediaries to capitalise on opportunities, navigate challenges, and build the businesses and economies, that will enable the continent to thrive. Private equity could become a major force for accelerating growth in African countries. While regional penetration is low, smaller markets and modest penetration create significant potential for high risk-adjusted returns. Major growth sectors are: natural resources, transportation, energy, real estate, fintech, healthcare and hospitality. Many private equity funds are nurturing the requisite skills and experience to invest, grow and add value to portfolio/innovative companies.
Similarly, the establishment of commodity trading exchanges can play a critical role in boosting the region’s economic development. Successful securities exchanges all over the world are key to the economic development, providing the most efficient channel for savers (domestic and foreign) to channel funds into long-term productive enterprises, creating growth and increased prosperity. Since the region has a comparative advantage in the vast natural resources sector, and in line with SADC objective of developing and adding value and beneficiation concept, the setting of the commodities trading exchanges present attractive growth opportunities.
In this context, SADC has already undertaken initiatives to develop the interconnectivity project whereby the aim is to link the SADC stock exchanges, and to encourage cross border trading of shares/stocks. Efforts are also being made to improve the operational, regulatory and technical requirement underpinnings and capabilities of the region’s exchanges to make the securities markets more attractive to both regional and international investors.
The region remains a top destination for investment as its attractiveness to investment has risen dramatically over the last several years, and this should continue to present attractive growth opportunities for private equity for the foreseeable future. Private equity represents a new source of capital, complementing traditional sources and project finance, with private equity investors offering more than just funds, but also the needed skills. All said, there are positive directions in the relationship, we look for a bright future.
Zimbabwe’s Platinum Mine Opens For Foreign Investors
Russia and Zimbabwe have had good and time-tested relations from Soviet days, supported Robert Mugabe and his ZANU-PF against the West. Since the collapse of the Soviet era, Russia still maintains close political relations but its economic engagement has staggered.
Russia has attempted to raise its economic profile, the latest considered as an important milestone was in September 2014 when Russia showed interest in the development of platinum deposit in Darwendale.
In September 2014, Foreign Minister Sergey Lavrov launched the US$3 billion project, the platinum mine located about 50 km northwest of Harare, the Zimbabwean capital. The Russian project, where production is projected to peak at 800 000 ounces year, involves a consortium consisting of the Rostekhnologii State Corporation, Vneshekonombank, as well as investment and industrial group, Vi Holding, in a joint venture with some private Zimbabwe investors as well as the Zimbabwean government.
After the project launch, Brigadier General Mike Nicholas Sango, Zimbabwe’s Ambassador to the Russian Federation, wrote me an email letter that “Russia’s biggest economic commitment to Zimbabwe to date was its agreement in September 2014 to invest US$3 billion in what is Zimbabwe’s largest platinum mine.”
“What will set this investment apart from those that have been in Zimbabwe for decades is that the project will see the installation of a refinery to add value, thereby creating more employment and secondary industries,” Brigadier General Sango explained in the letter.
“We are confident that this is just the start of a renewed Russian-Zimbabwean economic partnership that will blossom in coming years. Our two countries are discussing other mining deals in addition to energy, agriculture, manufacturing and industrial projects,” Ambassador Sango added.
Later, there was another landmark in the bilateral relationship. Groundwork was laid for expanding trade and investment when Zimbabwean President Robert Mugabe met President Vladimir Putin in Moscow in May 2015.
Unexpectedly, political developments ushered in a new era with the emergence of a new leader in Zimbabwe. Russia reaffirmed its commitment to the new leadership.
Early March 2018, during his official visit to Harare, Sergey Lavrov was received by President Emmerson Mnangagwa. Lavrov also had an indepth meeting with Vice-President Constantino Chiwenga and later held talks with Minister of Foreign Affairs and International Trade Sibusiso Busi Moyo.
They acknowledged the fact that the two countries are interested in the promotion of partnership in geological exploration and production of minerals. They all discussed spheres for possible cooperation and considered the platinum deposit as the driving force in the entire range of trade, economic and investment ties.
“The Republic of Zimbabwe Minister of Foreign Affairs and International Trade, Sibusiso Busi Moyo, and I have reviewed our contacts in the context of relations between Russia and Zimbabwe. We have focused on a project for the integrated development of the Darwendale platinum group metals deposit, one of the largest in the world, where Russia and Zimbabwe operate a joint venture,” Lavrov said.
According to Lavrov, Russia and Zimbabwe maintain very strong mutual sympathies and friendly feelings, and this ensures a very trustful and effective political dialogue, including a top-level dialogue. But now, it is necessary to elevate trade, economic and investment relations to a level that would meet political and trust-based relations.
Understandably, there has always been keen competition among foreign investors for mining projects. In March, the same month when Sergey Lavrov visited Harare, a Cypriot investor signed a US$4.2 billion deal to develop a platinum mine and build a refinery in Zimbabwe, an investment that President Emmerson Mnangagwa said showed the country was open for business.
Signing the agreement with Cyprus-based Karo Resources, Mines Minister Winston Chitando, said work would start in July, with the first output of platinum group metals expected in 2020, aiming to reach 1.4 million ounces annually within three years.
Now early November 2018, President Emmerson Mnangagwa said his government would soon open up the platinum sector to all interested foreign investors.
Zimbabwe has the world’s second largest platinum reserves after South Africa.
He said the policy would guide the sector on such issues as exploration, ownership, mining, processing and selling.
Mnangagwa has committed to opening up Zimbabwe’s economy to the rest of the world in order to attract the much-needed foreign direct investment to revive the ailing economy, make maximum use of the opportunities for bolstering and implementing a number of large projects in the country.
Zimbabwe, a landlocked country in southern Africa, shares a 200-kilometre border on the south with South Africa, bounded on the southwest and west by Botswana, on the north by Zambia and on the northeast and east by Mozambique. Zimbabwe is a member of Southern African Development Community (SADC).
South Sudan Need to invest in peace for economic development
The 2017 Global Peace Index (GPI) shows that despite continuing socio-economic and geopolitical turmoil in the world, there are more countries continuously spending a lot of resources not on containing, but on creating and fueling conflict around the globe .The GPI of the same year also indicate that very little effort has been made towards matters of peace by warring parties in conflict zones.
This has led to internal displacement, refugee crises, hunger, poverty and the destruction of people’s livelihood. And with most of conflicting and warring parties in these countries having no intention for peace, the index ranked South Sudan, Syria, Afghanistan, Iraq and Yemen as the least peaceful countries in the world.
After many decades of fighting for independence from its northern neighbor SUDAN, the Republic of South Sudan finally gained independence in 2011 with a lot of dreams and hope for lasting peace. However, due to power struggle within the country ruling party, Sudan People’s Liberation Movement (SPLM), another crisis has since broken out in the very young republic. This new unrest has taken a huge toll on the economy of the country and if peace is not restored soon, the country would be left behind in the achievement of the United Nations Sustainable Development Goals (SDGs).
The tension began in the national capital Juba at the ruling party’s general convention and rapidly shifted to the army and particularly the Republican Guards who split into two functional forces, one loyal to the president and the other loyal to the country’s former vice president. Today, the civil war is limited to certain areas outside the capital including major cities and states capitals.
Mass destruction of government and public infrastructure like primary and secondary schools, universities, hospitals and especially oil refineries as well as civilians properties (Houses and Business) and other public properties like mosques and churches which are supposed to be fully protected by the national constitution and international laws.
While nothing can quantify or value the loss of a single human life, civilian and soldiers alike, plus the displacement of people and mass destruction of country assets, one of the major costs of the civil war has been a disruption of the national economy. The disturbance of South Sudan’s economy has also affected the region and world economy.
According to the World Bank and International Monetary Fund, South Sudan is one of the countries in the world dependent on oil. Around 60 per cent of its gross domestic product (GDP) is from the oil sector which has been facing serious production disruptions since the war broke out. The war led to the shutting down of some oil fields in 2014. The African Economic Outlook (AEO) 2018 on the hand, reports that the civil war has caused a reduction in growth rate of real GDP which was at 5.3 per cent in 2015, 13.1 per cent in 2016, and 6.1 per cent in 2017.
The internal conflict has not only affected the country’s economic situation but that of some of its neighbor and regional partner countries as well. South Sudan is a first market, export destination and economy partner to Ethiopia, Kenya, Sudan, Tanzania, Uganda and others in a number of sectors including trade, construction, banking, and aviation. The conflict in South Sudan has therefore, affected all these countries economically.
The absence of peace and security in any conflicting country has always undermined development because of the colossal amount of money that suddenly needs to go to security matters at the expense of other pressing need that is immediately neglected in the country. The lack of peace and security also affects many other facets of society such as basic service delivery, justice, equality, democracy, and well-governed institutions.
The SDGs are therefore, very essential to a country like south Sudan which is underdeveloped on the one hand, and challenged by continued instability and huge development needs on another.
Adopting, integrating and implementing the SDGs would provide a fundamental ground for the country’s vision, strategy and plans to end all forms of violence and achieving lasting and sustained peace.
It would also be easier to eradicate poverty in a peaceful atmosphere and many other goals that have been included in the SDGs. With peace reigning supreme, it would be much easier for the government and the people to work together on projects aimed at building a secured and well-governed country with less corruption, transparent, accountable and strong institutions.
South Sudan Being a member state of the United Nations should take advantage of the 2030 SDGs agenda and integrate them into its own national policies and roadmap for sustained peace and sustainable development.
Russia Failing in Efforts to Invest in Africa
For the past two decades, Southern African leaders have been looking for external support and genuine foreign investment in infrastructure, agriculture and industry. Besides these economic spheres, the leaders plan to boost significantly business ties with foreign partners and seek effective ways to strengthen exports on foreign markets.
In this regard, Southern African countries welcome investors from all over the world. Russia has a long history of bilateral engagements with the Southern African countries, which constitute the Southern African Development Community.
The Memorandum of Understanding renewed in October 2018 envisages strengthening ties in a broad range of fields and it further shows that SADC remains comparatively as one of Russia’s key regional partners in Africa.
According to official documents, Russian Foreign Ministry [MFA] first signed a Memorandum on Cooperation with Southern African countries on September 1, 2003 during an indepth meeting held between then Foreign Minister Igor Ivanov and SADC Executive Secretary Prega Ramsamy.
That agreement primarily aimed at strengthening the diplomatic relations and coordination between the Russian Federation and SADC. The document outlined the most promising areas, as well as the forms and methods of mutually beneficial cooperation in the trade-and-economic and scientific-and-technical areas, transport and communications, energy and mineral resource development, public health, education and culture.
It sets out the mutual desire of Russia and the SADC member countries to step up the many-sided ties between the parties, including the importance of intensifying political contacts at various levels. Both sides as a top priority task emphasized in the document the necessity of making the maximum use of the existing considerable potential.
Since 2003, Russia has had a staggering economic profile in the African region. Indeed, 15 years have elapsed and not much significant have been achieved due to multiple factors, highly experienced experts say in separate interviews as reported here.
Stergomena Lawrence Tax, Executive Secretary of SADC, said “Russia and Africa have been partners for many years, and expressed a desire to achieve a new level in the relationship.”
According to SADC Executive Secretary, Russia has not been visible in the region as compared to China, India or Brazil. But, for past few years, it is encouraging that Russia has made enthusiastic efforts towards repositioning itself to be a major partner with Southern Africa.
Stergomena Lawrence Tax, a Tanzanian by birth and educated in Japan, was appointed in September 2013 at the 33rd Summit of the Heads of State and Government in Lilongwe, Malawi. She is the first woman to hold the position in the history of the regional bloc, SADC.
Rex Essenowo, Member of the Board of Trustees of Nigerians in Diaspora Europe [NIDO] and Senior Executive of Asian Africa Trade, a Moscow based business lobbying NGO, pointed to Russia’s tremendous growing interest in the Southern African region. Similarly, he first welcomed the new development that the agreements have been renewed after 15 years, but this time, there should be some level of commitment – not just signing the Memorandum of Cooperation.
He noted that the key issue emerging from many policy experts is a fresh call on Russian Government to seriously review and change some of its policy approach currently implemented in Africa. The experts called for more commitment towards development-oriented policies that would help the continent overcome its development problems.
Essenowo, however, expressed optimism that “if Russia intensifies efforts in understanding the African development needs, there could be smooth flow of effective operations. It is important to note that financial commitments, investment guarantees or some sort of financial stimulus plan are needed to improve trade and investment programmes, so as to make policies more effective than mere declaration of interests.”
“In addition, African financial banks and related economic institutions must get up to the task. There is nothing much to talk about without adequate funding and effective management of our resources. We should expect a boost in trade balance between Russia and the SADC region, even with other key regional blocs like, East and West Africa,” the Trade Expert concluded.
Professor Gerrit Olivier from the Department of Political Science, University of Pretoria in South Africa, noted that Russian influence in Africa, despite efforts towards resuscitation, remains marginal.
“What seems to irk Russians, in particular, is that very few initiatives go beyond the symbolism, pomp and circumstance of high level opening moves. It is still not clear how Southern Africa sees Russia’s willingness [and intention] to step up its role in Africa, especially with China becoming more visible and assertive on the continent,” he questioned.
While, given its global status, it ought to be active in Africa as Western Europe, the European Union, the United States and China are, it is all but absent, playing a negligible role, Olivier added.
“At present diplomacy dominates its approach: plethora of agreements have been signed with Southern Africa and various other countries in Africa, official visits from Moscow proliferate apace, but the outcomes remain hardly discernible,” Olivier, who previously served as South African Ambassador to the Russian Federation, wrote in an email comment from Pretoria, South Africa.
Alexandra Arkhangelskaya, a Senior Researcher at the Institute of African Studies and a Senior Lecturer at the Moscow High School of Economics said that Russia and Africa needed each other – “Russia is a vast market not only for African minerals, but for various other goods and products produced by African countries.”
Currently, the signs for Russian-African relations are impressive – declarations of intentions have been made, important bilateral agreements signed – now it remains to be seen how these intentions and agreements would be implemented in practice, she added.
Dr. Martyn Davies, the Chief Executive Officer of the South African-based Frontier Advisory [Pty], suggested to Russian officials the adoption of a model by China to readily fund its companies interested in investing in Africa. He explained that the Chinese model of financing various infrastructure and construction projects in Africa had enhanced investments by the Asian country into the continent. China, the world’s second-biggest economy after the United States, is currently Africa’s largest trading partner.
There are an estimated 1500 Chinese corporations doing business in Africa, most of which are private companies investing in the infrastructure, industry, agriculture, energy and banking sectors.
Davies said the main factor that had assisted this speedy market engagement between Africa and China was that Russian banks had “de-risked” the projects in Africa from a financial perspective, finally explained that “Russia’s banking sector operates quite differently.”
Kelvin Dewey Stubborn, South African based Senior Analyst on BRICS and African policy, observes that Southern African region presents attractive growth opportunities for both foreign private and public investment.
“It seems Russia has to change its approach, move forward to deliver on overarching pledges and promises, [long-overdue step] in order to win the hearts of Africans. Undoubtedly, African leaders are not looking for Soviet-era level of relationships. ”
He maintains that Russia is determined to support African peace and security initiatives, to end conflicts on the continent of Africa but how much its [Russia’s] overall economic footprint and influence will contribute to improving stability is less certain. As already known, Russia has shown interest in the settlement of various conflicts in Africa, primarily in countries such as South Sudan and the Central African Republic, and the Great Lakes Region and the Horn of Africa.
Stubborn explained the hidden public interpretation that African politicians have become political tourists, passionately going forth and back for diplomatic consultations with little impact on the economic development in Africa. Russia has been engaging with African political elite for many years and this has to reflect on the economy.
According to him, “the world is witnessing how Western, European, Asian and the Gulf states are using economic diplomacy and effectively addressing development needs under the principle of mutual respect, equal cooperation, and mutual benefit for Africa. It’s completely a new era that requires comprehensive system of strategies, get engaged or get disengaged – a totally different reality, a new paradigm shift on the African landscape.”
For many policy practitioners such as these mentioned here in this article, Russia’s engagement efforts should necessarily include African experts, civil society representatives and the media – some aspects of public diplomacy as its aim is to appeal and attract partners rather than coerce them into a relationship in one form or the other. Russians have to find ways while dealing with investing into Africa’s future.
Foreign Affairs Minister Sergey Lavrov has acknowledged that Russia’s economic cooperation is not as far advanced as political ties but would do well to raise trade and economic ties to a high level of political cooperation by promoting joint activity in order to make broader use of the huge potential of Russian-African trade and investment cooperation.
On the other hand, Lavrov indicated that “Russia is not only committed to long-term cooperation but also ready for large-scale investments in the African markets with account of possible risks and high competition. Equally important is African businesspeople who are looking to work on the Russian market.”
Russia ultimately intends to regain its leading position and influence in Africa. Quite recently, among the initiatives that were designed to strengthen overall ties between Russia and Africa, Lavrov informed that “Russia-Africa forum will be held at the parliamentary level in the near future, followed by a Russia-Africa business forum. All of that will serve as important steps for laying the way to a full-blown Russia-Africa summit, as discussed at the meeting of the BRICS member countries with their African partners in Johannesburg in July.”
The Southern African region is the integrated market resulting from a combined population of approximately 327 million people, and a collective GDP of US$ 600 billion , which is supported by generally favorable weather conditions in most parts of the region.
Despite increasing trade tensions business confidence in Asia Pacific remains high
Business leaders across Asia Pacific remain confident that their companies revenues will grow over the next 12 months despite increasing...
Why This Planet Is Becoming Uninhabitable
There are now overt indications that this planet is becoming uninhabitable. Not only are increasing numbers of humans migrating from...
Donald Trump and America’s People
The American mid-term elections in the current situation can be considered one of the most sensitive elections in American history;...
Letter to heaven: An eulogy to Luang Poo Boonyarith Bundito
Everyone knows him as a great monk who was an exceptional teacher of meditation. From the royal family to a...
Pakistan PM’s Saudi affair likely to backfire
Pakistan’s relations with Saudi Arabia flourished during the previous government headed by Nawaz Sharif, primarily due to his personal business...
Cleaner Lakes Mean a Healthier Environment for the Residents of Baku
Travelling to or from Baku by airplane one is likely to see from the air dozens of small lakes scattered...
Abu Dhabi Fund for Development Loans Worth over US$50 Million Available
Abu Dhabi Fund for Development (ADFD) and The International Renewable Energy Agency (IRENA) are inviting applications for more than US$50...
- Centre and Calm Yourself and Spirit on Restorative Yoga Energy Trail
- Queen Rania of Jordan Wears Ralph & Russo Ready-To-Wear
- OMEGA watches land on-screen in Universal Pictures’ new film First Man
- Experience the Prada Parfum’s Way of Travelling at Qatar Duty Free
- ‘Get Carried Away’ With Luxurious Villa Stays and Complimentary Private Jet Flights
Energy2 days ago
Is nuclear energy essential for deep decarbonization?
Intelligence2 days ago
Three Groups of Threats from Lethal Autonomous Weapons Systems
Religion3 days ago
Recognition of Macedonian schism by Constantinople – Threat Remains
Intelligence1 day ago
Central Asian Jihadists between Turkey and Hayat Tahrir al-Sham
Newsdesk3 days ago
Digital Technology Will Help Djibouti Leap into the Future
South Asia2 days ago
Pakistan a peace loving nation
East Asia2 days ago
The Implication of China’s Diplomacy in APEC and ASEAN
New Social Compact2 days ago
Why Education? How education changed my life