Connect with us

Africa

Russia-Africa Summit: Welcome to Sochi!

photo credit: Kremlin website

Published

on

Russian President Vladimir Putin has sent warm greetings to African leaders, business people and participants early October, signaling that everything is set for the first Russia-Africa Summit in Sochi, southern coastal city of Russia.

The message reads, in part: “Today, the countries of Africa are well on their way towards social, economic, scientific and technological development, and are playing a significant role in international affairs. They are strengthening mutually beneficial integration processes within the African Union and other regional and sub‑regional organizations across the continent.”

In recent years, the traditionally friendly ties of partnership between Russia and Africa have gained new momentum, both at a bilateral level and in various multilateral formats. In addition to preserving past experience of successful cooperation, have also managed to make significant new steps forward.

Trade and investment are growing dynamically, and new joint projects are under way in extractive industries, agriculture, healthcare, and education. Russian companies are ready to offer their scientific and technological developments to their African partners, and share their experience of upgrading energy, transport and communications infrastructures, according to President Putin.

It is, broadly, expected that the Summit will help identify new areas and forms of cooperation, put forward promote collaboration between Russia and Africa to a qualitatively new level and further contribute enormously to the development of bilateral relations between Russia and Africa.

According to the Organizing Committee, some 50 African heads of state have already confirmed their participation. It will feature more than 200 CEOs, ministers of key industries, and representatives of the expert community from Russia and Africa. The events will be attended by more than 3,000 representatives of African businesses.

The main event are the plenary session “Russia-Africa: Uncovering the Potential for Cooperation” during which the Presidents of Russia, Vladimir Putin, and Egypt, Abdel Fattah el-Sisi, are expected to speak. A final declaration of the Summit titled “For Peace, Security, and Development” has been prepared and it includes items on the global and regional agendas that are important for Russia as well as comprehensive proposals on diverse ways to develop the full scope of future Russian-African relations.

In addition, at least 23 intergovernmental and interagency agreements and other agreements between African and Russian companies will be signed on the sidelines.

Under the theme “Russia and Africa: Uncovering the Potential for Cooperation” here are the key areas the Summit will discuss:-

*The Role of Media in Russian-African Relations

The African continent is becoming ever more important in today’s international order. Russian-African relations are adding an additional dimension to developments, especially with the boost provided by rapidly expanding links across a vast range of areas.

The media can, and indeed must be a decisive factor in building effective ties. Africa is frequently portrayed in the media as suffering from numerous intergovernmental, religious, and ethnic conflicts; political and economic instability; and an array of demographic and social problems. Knowledge of today’s Russia and the steps being taken by its political leaders to tackle global challenges is also given little space in the continent’s media landscape.

*Contribution of Nuclear Technologies in the Development of Africa

Today, African countries face major challenges. Rapid population growth and the worsening energy crisis are constraining economic growth on the continent. The poor transport infrastructure, access of the population to health services, low level of education and food supply insecurity are severely hampering Africa’s efforts to improve the quality of life in the region. It is clear that to solve these problems a large-scale development programme is required, including a strategy based on achieving the UN sustainable development goals. Nuclear technologies can become a driver for socio-economic development and a comprehensive solution to the systemic continent-wide problems.

*Humanitarian cooperation: Development Goals and Corporate Social Responsibility

Humanitarian partnership between Russia and African countries is becoming increasingly important. It is an area covering the development of human capital (education and culture), social programmes, healthcare, and access to essential benefits supporting people’s lives and national development in countries across the continent.

*Current Objectives in Developing the Housing Construction Market on the African Continent

Access to housing is one of the most pressing issues facing most African countries. Modern housing and a comprehensive approach to spatial planning can help ensure sustainable urban development and socioeconomic growth. We must now determine the needs of the housing construction market in African countries and identify joint solutions and ways of working together to achieve the most effective results in the shortest possible time. Practical steps aimed at identifying, supporting, and implementing joint projects are vital to such partnerships.

*Investing in Africa

In 2050, Africa’s total GDP will reach $29 tn, exceeding the combined GDP of US and Euro zone in 2012. Pan-African and national growth strategies as well as global thinktanks’ forecasts highlight the following growth areas and potential key drivers of the continent’s rise in the medium and long term: commodities; infrastructure (utilities and roads) and industrialization; demography; education; expanding middle class; access to financial services. These factors will define the continent’s investment outlook: future investment climate, current investments and their diversification. They have potential either to bolster or hamper the capital inflows.

*Economic Sovereignty for Africa: Problems and Solutions

In order to fulfil their development objectives and meet the needs of their citizens, countries in Africa are compelled to turn to foreign sources of financing. However, these mainly take the form of credit from international financial institutions and direct loans whereby the creditor imposes socioeconomic and political requirements which limit a country’s sovereignty. Sovereign bonds and other forms of borrowing on the capital market account for just a small proportion of African debt, but some countries on the continent are still unable to access this form of financing. As a result, more than USD 100 billion of borrowing potential is going untapped. More than USD 200 billion of existing debt could be refinanced under less stringent conditions.

*Russia and Africa: Energy for Development and Cooperation

Africa today has a population of over one billion people, huge resource potential and a platform for development. The continent has the potential to become one of the world’s largest economies and most populated regions by 2050 through organic growth and reform. Creating a foundation for growth at the very outset and using the continent’s mineral wealth in the most effective way possible requires the right energy policy.

*Transport Infrastructure on the African Continent: Opportunities to Implement Joint Projects

The transport sector in Africa possesses excellent potential for development. The continent’s railways offer great promise, as do joint ventures. Several African nations have prioritized the development of their transport infrastructures, particularly given transport’s ability to spur growth in key industries. The expansion of transport links brings with it additional jobs and expertise, and improves quality of life for the local population. Russia is able to offer technology and expertise at the very forefront of construction, planning, engineering, and equipment supplies. However, there remain a number of barriers to the market, as well as a lack of financing and country specific risks.

*Financing as an Essential Instrument of Economic Growth in Africa

The African continent has enormous economic potential and is actively integrating into the system of international economic relations. Prospects for Russia to increase its trade with African countries are directly linked to the diversification of its merchandise exports. However, this is only a realistic aim if international financing channels are put in place to facilitate growth in trade. Given the interest in Russia and Africa increasing economic cooperation, new solutions need to be found to implement ambitious trade projects.

*Russian–African Collaboration in the Diamond Industry

The diamond mining industry is key to the economies of several African countries, accounting for a significant portion of income from exports. Today, diamond mining faces a number of industry-wide challenges, attempts to tackle which will determine its future.

*The Future of the African Continent: Sovereignty and Traditional Values as Crucial Elements of a Development Strategy

In an era of globalization, protecting national values and priorities is a pressing concern. Economic and political sovereignty are the foundation of development in a polycentric world, and African countries are no exception. The African Union’s strategic framework Agenda 2063 highlights the importance of preserving African values and Pan-Africanism.

*Collaboration in Industry: Potential Areas of Growth

The development of high-tech and export-oriented industries in the Russian manufacturing sector has laid the groundwork for expanding areas of collaboration and launching ambitious long-term projects. What needs to be done to bring about a substantial improvement in collaboration between Russia and Africa? Which areas of cooperation are of most interest to Russian businesses and African nations? What projects and forms of Russian-African partnership are in need of financial support from parties such as Afreximbank?

*Doing Business in Africa: Challenges and Opportunities

Today, Africa is one of the most promising and fastest-growing regions of the world, with leading powers actively competing with one another. However, the continent should not be viewed as a single, monolithic market. Its economy varies from place to place in terms of type, scale, and structure. Africa today is a place of great political, cultural, ethnic, and religious diversity. As a result, each country has a unique business culture, requiring an individual approach from any company wishing to enter its market.

*Biosecurity: Current Projects and Opportunities for Cooperation

Global threats in today’s interconnected world, such as epidemics of infectious diseases, have a huge impact on the development of African nations. Robust healthcare systems and the ability to react to these threats can boost prosperity and help countries to thrive. Over the past few years, the African continent has had to tackle outbreaks of dangerous infectious diseases affecting thousands of lives and costing national economies millions of dollars. Russia has a great deal of experience in reacting to health threats, and today is implementing large-scale projects in countries around the world.

*Digital Transformation as a Driver of State Development

Today, digitalization is a major driver of state development. Effective e-government simplifies communication between people and the state, and helps create an effective system for departments to interact with one another. As a result, people gain quicker access to government services. In turn, this leads to greater user satisfaction, and substantial monetary savings.

*The Eurasian Economic Union and Africa: Trends and Opportunities to Develop Integrated Processes and Collaborate

Over the past few decades, economic integration processes have become an overarching trend in regional development throughout the world. They have helped member states to successfully embed themselves in the global economy and minimize the risk of crises occurring in various industries. Economic integration provides a new perspective on crucial projects related to infrastructure, logistics, energy, trade, agricultural and industrial development, digitalization, migration policy, and employment.

It offers additional opportunities to form common approaches to issues concerning the environment, renewable energy, and other factors determining scientific and technological progress. In view of the substantial expertise that regional associations offer, the next logical step is to foster dialogue between them and exchange experience at the forefront of integration, with the aim of optimizing economic integration processes and collaborating on the widest possible range of issues.

*Technological Sovereignty and Security in a Digital World: Solutions to Tomorrow’s Challenges

Africa’s fast-growing commercial sector is making rapid inroads in the virtual space. African companies are overcoming problems related to communication and financial infrastructure and choosing to immediately build their business online, implementing modern mobile solutions as they do so. However, the cyber security measures used by these fast-growing companies cannot keep up with their rapid development, leaving the companies vulnerable to cyber criminals.

In terms of governmental information systems, a monopolization of global IT markets by a handful of major Western corporations could result in financial losses in Africa, threatening citizens’ personal safety and Africa’s sovereignty at large. Russian companies are global leaders in digital security and are capable of protecting African businesses from cyber threats while ensuring digital sovereignty for African states. Success can be guaranteed through building partnerships between African and Russian companies and training up an IT security workforce in each country.

*Using Minerals in Africa for the Benefit of Its Peoples

There is a long history of Soviet and Russian specialists participating in and supporting the systemic geological study of a number of countries in the African continent. Their work on natural resource bases has done a great deal to aid mineral extraction. These countries now have the opportunity to leverage modern means of geological research and exploration, and in doing so, continue the comprehensive study of subsoil resources. This could lead to new and globally unique sites being developed, both on land and the continental shelf.

*Business Associations in Russia and Africa: A Starting Point for Long-Term Business Partnership

A major barrier hindering greater cooperation between the Russian and African business communities is a lack of awareness regarding the current state of markets, along with trade and investment opportunities. There is also an insufficient level of trust towards potential partners. These issues can be solved through establishing an effective system of communication between public business associations in Russia and African nations. These organizations can both serve the interests of entrepreneurs, and also guarantee their reliability and integrity.

*Russia and Africa: Science, Education, and Innovation for Economic Development

The accelerated development of both Russia’s and Africa’s economic potential is inextricably linked to scientific output and the improvement of general education and professional training. The 21st century has heralded the rise of the knowledge economy. Scientific research and development results in new products and industries, and is able to make a vital contribution to tackling current social and economic challenges facing our countries. The Soviet Union made an invaluable contribution to developing the scientific and educational potential of a number of African countries.

*A Safe Africa

Illegal migration, contraband, and criminal activity are all too frequent problems facing the African continent. The biggest threat of all though is terrorism. Experts agree that to ensure a country’s national security, a set of measures needs to be taken, along with preventative action to combat possible threats. The biggest vulnerabilities in this regard include weak border control, unprotected industrial facilities, and large urban areas where it becomes easy to disappear into a crowd. An effective set of measures has been developed in Russia to counter terrorism, curtail illegal activity, and provide dependable protection for citizens. Russian organizations and companies are ready and able to share their experience with African partners.

*Drivers of Growth in National Healthcare Systems

National healthcare systems are simply unable to cope economically with the burden of disease in Africa. Particular attention is given to infectious diseases; however, there is a growing need to fight against cardiovascular disease, cancer, and diabetes. What’s more, the high cost of medicines and services, together with a shortage of vital modern equipment, is hindering access to medical care in African countries.

The lack of medical personnel is a particularly pressing problem. Cutting-edge technologies, such as mobile phones, blockchain, 3D printing, UAVs, and others clearly need to be applied as drivers of growth in this area. If used correctly, they could significantly improve the quality of medical services while cutting costs. The high number of people in Africa suffering from chronic diseases and requiring remotely administered care and treatment will spur the development of telemedicine.

*New Forms of Cooperation between Russia and Africa: Opportunities for Special Economic Zones Based on the Project to Establish a Russian Industrial Zone in Egypt

A new model for the development of production lines is based on closing the gap between production and delivery to the end consumer, minimising logistical and technical expenses and facilitating projects with a social dimension to successfully develop the local economy. Based on this logic, creating and facilitating conditions conducive to competitive production, including the production of quality hi-tech products, can be done most effectively through the use of points of entry.

Such points draw on the advantages of special (free) economic zones, which provide additional competitive advantages when gaining access to local markets. The project to create a Russian Industrial Zone – devised and implemented at the interface between governments, state development institutions and business communities – is a unique step toward ensuring state investment and implementing the industrial zone mechanism to support access to foreign markets for relevant companies.

*Digitalization in the Mining Industry: New Opportunities, Robots, Artificial Intelligence

Africa is a world leader in volume of reserves and the extraction of many valuable raw materials and fuels, over 90% of which is then exported. The mining industry forms the basis of many countries’ industrial capacity and exports and accounts for around 75% of all foreign investments. Traditional field development methods are becoming increasingly expensive. Productivity is dropping due to high maintenance costs, unreliable equipment, reactive troubleshooting, low capacity factors, and incidents related to safety violations.

*Russian Geological Exploration in Africa: Looking to the Past and to the Future

Africa is exceptionally rich in mineral reserves, although these have not yet been studied comprehensively. Compared with other continents, it boasts the largest ore reserves of manganese, chromite, bauxite, gold, platinum, cobalt, diamond, and phosphorite. It also has substantial oil, natural gas, graphite and asbestos reserves. Russian companies, for their part, have a wealth of experience leading exploratory work and are interested in working on the African continent.

*Creating a New Quality of Life in Africa

Africa has the fastest-growing population in the world. Over 50% of people living in Africa are under the age of 26. At the same time, the quality of life in the African continent is one of the lowest in the world.

*Women in Russian-African Relations: Gender Balance in Politics, the Economy and the Social Sector

Developing female entrepreneurship and leadership is currently of interest in every region of the world and is discussed at platforms of leading international organisations and associations. According to forecasts, women’s full involvement in the economy will allow global GDP to reach 28 trillion dollars by 2025, which is equal to that of the Chinese and US economies combined. On average, a woman in Europe currently earns 15% less than a man working in the same position. This gender gap is even more pronounced in Africa and Asia. In 2019, Russia presented an integrated systemic development model entitled ‘Women and the economy’ at UNIDO, which was formed on the basis of best practice in Russia and beyond.

*The Contribution to Global Sustainable Development Made by Young People in Russia and Africa

It is crucial that young people play a role in international cooperation and efforts to build an environment allowing young leaders and entrepreneurs to be fully involved in efforts to tackling global challenges. These aims also tally with the African Union’s Agenda 2063 and the United Nations’ 2030 Agenda for Sustainable Development. Collaboration between young people in Russia and Africa can be strengthened by exchanging best practices and working together on specific projects. Leadership and startup communities play a particularly important role in establishing partnerships, as these are the most effective mechanisms for enacting a structural shift in the socioeconomic sphere.

*Oil and Gas Projects in Africa: Implementation Prospects

The African continent’s oil reserves are estimated at 129.2 billion barrels, or 7.5% of global reserves, and it produces 8.2 million barrels per day, representing 8.6% of global production. There is significant potential for the continent to increase production and monetize reserves. At the same time, Russian companies currently have a limited presence in the region. Broadening Russian-African cooperation could boost competition and efficiency in field development, and provide an additional stimulus for efforts to localize equipment and strengthen technological partnership.

*Sustainable Partnership in Agriculture: Institutions, Tools, and Guarantees

The steady development of African countries in the last few years, together with growing populations and income levels are all factors helping to boost agricultural production. However, a deficit of modern technology, lack of land suitable for farming, and a shortage of qualified personnel mean that the needs of the African market have not been fully met.

Russia’s unique geographic conditions, together with its vast land and water resources, provide the country with enormous agricultural potential. In the past few years, Russian companies have taken active steps to increase exports of agricultural products and food. Indeed, Russia is already one of the ten largest food suppliers to Africa. However, a range of barriers related to infrastructure is currently hindering effective trade. Removing these could help collaboration reach an entirely new level.

The Roscongress Foundation, a socially oriented non-financial development institution, is the organiser of the events, and the Russian Export Center and Afreximbank are the co-organisers of this first Russia-Africa Summit. Welcome to the first Russia-Africa Summit in Sochi and Modern Diplomacy also wishes you All the Best !

MD Africa Editor Kester Kenn Klomegah is an independent researcher and writer on African affairs in the EurAsian region and former Soviet republics. He wrote previously for African Press Agency, African Executive and Inter Press Service. Earlier, he had worked for The Moscow Times, a reputable English newspaper. Klomegah taught part-time at the Moscow Institute of Modern Journalism. He studied international journalism and mass communication, and later spent a year at the Moscow State Institute of International Relations. He co-authored a book “AIDS/HIV and Men: Taking Risk or Taking Responsibility” published by the London-based Panos Institute. In 2004 and again in 2009, he won the Golden Word Prize for a series of analytical articles on Russia's economic cooperation with African countries.

Africa

African Union’s Inaction on Ethiopia Deplorable – Open Letter

Published

on

The crisis in northern Ethiopia has resulted in millions of people in need of emergency assistance and protection. © UNICEF/Christine Nesbitt

A group of African intellectuals says in an open letter that it is appalled and dismayed by the steadily deteriorating situation in Ethiopia. The letter, signed by 58 people, says the African Union’s lack of effective engagement in the crisis is deplorable. The letter calls on regional bloc IGAD and the AU to “proactively take up their mandates with respect to providing mediation for the protagonists to this conflict”.

The letter also asks for “all possible political support” for the AU’s Special Envoy for the Horn of Africa, Olusegun Obasanjo, whose appointment was announced on August 26, 2021. A United Nations Security Council meeting on the same day welcomed the former Nigerian president’s appointment.

Earlier in August 2021, UN  chief Antonio Guterres appealed for a ceasefire, unrestricted aid access and an Ethiopian-led political dialogue. He told the council these steps were essential to preserve Ethiopia’s unity and the stability of the region and to ease the humanitarian crisis. He said that he had been in close contact with Ethiopian Prime Minister Abiy Ahmed and had received a letter from the leader of the Tigray region in response to his appeal. “The UN is ready to work together with the African Union and other key partners to support such a dialogue,” he said.

August 26, 2021 was only the second time during the conflict that the council held a public meeting to discuss the situation. Britain, Estonia, France, Ireland, Norway and the United States requested the session.

Fighting between the national government and the Tigray People’s Liberation Front broke out in November 2020, leaving millions facing emergency or crisis levels of food insecurity, according to the United Nations. Both sides have been accused of atrocities.

Continue Reading

Africa

Africa: The G20 Must Recommit to Covax

Published

on

It is one year since the international community gave its backing to the COVID-19 Vaccine Global Access (COVAX) facility to lead a worldwide effort to end the acute phase of the pandemic. The initiative aimed to ensure that every country, and not just those with sufficient money or resources, could access life-saving vaccines once they became available. As G20 health ministers prepare to meet in Rome on September 5-6, they are in a position to ensure that COVAX fulfills its mission.

A year ago, no one knew when or even if it might be possible to develop a safe and effective vaccine against COVID-19, let alone the 20 that are available today. But since making its first international deliveries in February, COVAX a partnership established by the Coalition for Epidemic Preparedness Innovations, the World Health Organization, UNICEF, and Gavi, the Vaccine Alliance has delivered more than 235 million vaccine doses to 139 countries, and expects to deliver another billion doses in the fourth quarter. Only China, India, and the United States have delivered more. This start to the largest and most complex vaccine rollout in history has given hope to millions of people and laid solid foundations for how we respond to future pandemics.

Yet, so much more could, and should, have been achieved by now. It is unacceptable that only 1.8% of people in low-income countries have received their first dose of a COVID-19 vaccine, compared to 82% in high- and upper-middle-income countries. This shocking inequality is as economically senseless as it is destructive to human life, with the latest estimate of the cost of the slow rollout amounting to $2.3 trillion.

The world was woefully unprepared for a pandemic, and this is reflected in the challenges COVAX has faced. By the time initial funding arrived, wealthy countries had already locked up early vaccine supplies. Export bans affecting key suppliers, and difficulties experienced by many manufacturers in scaling up production to the required level, also undermined COVAX’s ability to access doses early.

Given increasing global vaccine inequity and the rise of new, more contagious coronavirus variants, we must put these challenges behind us. Thanks to the support of almost all G20 governments, alongside that of foundations and private businesses, COVAX has now raised nearly $10 billion and secured more than 600 million donated doses. All the preparations are in place for the most comprehensive vaccination effort that the world has seen.

Based on the committed orders COVAX has placed with vaccine manufacturers and the additional donations, hundreds of millions of new doses should now be available each month. We need to make sure they reach poorer countries and get into people’s arms. To avoid further delays, and for the facility to succeed, we need support from G20 leaders in four key areas.

First, we need doses, and we need them now. The premise of COVAX was always that the facility should be able to negotiate and buy its own doses. With our early vaccine access compromised, donations have played a vital role in maintaining our ability to keep doses flowing to those most in need. Of the 600 million doses pledged to COVAX to date, 100 million have now been delivered. We need more, and soon, with longer shelf lives and greater certainty so that recipient countries have time to plan their rollout. This can be achieved without jeopardizing high-income countries’ national vaccination efforts.

We also need G20 leaders to support our call for transparency. COVAX has legally binding agreements with manufacturers for more than four billion doses, but has all too often faced delays in accessing them. Without greater clarity regarding firms’ order books, it is impossible to know whether these holdups are due to production challenges or preferential treatment for bilateral arrangements. Insisting that manufacturers are transparent about their order timelines can ensure a level playing field where no one particularly those living in developing countries gets bumped to the back of the vaccine queue because of another bilateral deal.

In addition to ensuring that manufacturers keep their commitment to COVAX, governments should make global vaccine access their highest priority. Countries with pending orders for doses that they currently do not need should allow COVAX to take their place in the queue so that we can get doses to needy countries now.

Finally, lower-income countries require continued financial and technical support for their COVID-19 vaccine rollouts. Strengthening national health systems will help these countries to ensure delivery of doses and mitigate the pandemic’s secondary effects, and will leave in place infrastructure critical to future global health security.

By recommitting to COVAX, G20 leaders will recommit to a multilateral solution that builds on the astounding scientific progress of the past year. Based on COVAX’s latest forthcoming supply forecast, when topped up with doses through bilateral deals, equitable COVID-19 vaccine access can protect up to 60% of the adult population in 91 lower-income countries. This would represent a huge step toward the WHO target of 70%, which is needed to suppress the coronavirus everywhere, and COVAX represents the best opportunity to achieve it.

Failure would mean more lives lost, broken health-care systems, even deadlier and more transmissible variants, and a pandemic with no end in sight. The G20 must not allow that to be an option.

Continue Reading

Africa

More African Countries Register Russia’s Sputnik Vaccine

Published

on

Africa Centres for Disease Control and Prevention (Africa CDC) is a specialized technical institution of the African Union (AU) that strengthens the capacity and capability of Africa’s public health institutions as well as partnerships to detect and respond quickly and effectively to disease threats and outbreaks, based on data-driven interventions and programmes.

During the outbreak of the coronavirus, the African Vaccine Acquisition Task Team (AVATT), was established by African Union, as a component in support of the Africa Vaccine Strategy and was endorsed by the AU Bureau of Heads of State and Government on 20th of August 2020.

Dr John Nkengasong, Director of the Africa Centers for Disease Control and Prevention (Africa CDC), has emphasized: “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 a timely access to vaccines to meet our vaccination targets.”

An official media release in February 2021, the Africa Vaccine Acquisition Task Team from the African Union (AU) informed that Russia would supply and deliver 300 million Sputnik V vaccines to Africa. That step was intended to support African countries to attain their targeted immunization of 60% of the population by the year-end. That vaccine story disappeared, but instead what become so common is the speedy registration of Sputnik V on bilateral basis in various African countries.

According to the latest, Nigeria has become the 68th country in the world to approve the Russian vaccine. The use of the Sputnik V coronavirus vaccine has been approved in Nigeria, the Russian Direct Investment Fund (RDIF) said in an official statement.

“The Russian Direct Investment Fund (RDIF, Russia’s sovereign wealth fund) announces the approval of the Russian Sputnik V vaccine against coronavirus by the National Agency for Food and Drug Administration and Control of Nigeria (NAFDAC). Nigeria has become the 68th country in the world to approve the Russian vaccine. Total population of all countries, where Sputnik V is approved for use, now exceeds 3.7 billion people, which is nearly half of the global population,” the statement said.

“Nigeria is the most populous nation in Africa, and the approval of Sputnik V will provide for using one of the safest and most effective vaccines in the world. Sputnik V is based on a proven human adenoviral vectors platform and is successfully used in over 50 countries. Approval in Nigeria will make an important contribution to the country’s fight against the pandemic,” CEO of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev said.

Besides Nigeria, other African countries have registered Russia’s Sputnik V vaccine. Reportedly, the vaccine has been registered in Algeria, Angola, Djibouti, Egypt, Gabon, Ghana, Guinea, Kenya, Morocco, Namibia, Tunisia, the Republic of Congo (DRC) and Zimbabwe.

Russia’s drive to share Sputnik V vaccine, of course, offers a chance to raise its image and strengthen alliances in Africa. Ministry of Foreign Affairs of the Russian Federation has made efforts promoting the vaccine using all its channels. But supply and delivery have largely lagged behind, the pledges have simply not been fulfilled. Russian authorities have oftentimes said that they would step up efforts for fruitful cooperation in combating coronavirus in Africa.

Promising more than can be delivered appears to be a universal problem with coronavirus vaccines, and it is a real risk for Russia as well, said Theresa Fallon, Director of the Brussels-based Centre for Russia Europe Asia Studies. “They have won the gold medal for creating this very effective vaccine,” she said. “But the problem is how are they going to implement production and delivery?”

Russian Direct Investment Fund (RDIF), with profit motivation, has attempted supplying the Russian vaccines through, Sheikh Ahmed Dalmook Al Maktoum, from the Monarch family and a third party in Dubai, United Arab Emirates, to a number of African countries. For instance, the Republic of Ghana reportedly signed US$64.6 million contract for Sputnik V vaccine from Russia through Sheikh Ahmed Dalmook Al Maktoum. It was double the price from the producer as reported in the media.

On the other hand, Russian President Vladimir Putin has noted, in a speech early September, that advanced countries that produce vaccines against the coronavirus do little to protect humanity from the pandemic.

“The benefits of vaccination are enjoyed mostly by advanced economies. The bulk of the vaccines is made there, and it is used to protect their own population. But very little is being done to protect humanity in the broad sense,” Putin said at the plenary session of the Eastern Economic Forum in Vladivostok, the Far East of Russia. “This is very bad for the producers, because all this boomerangs around the globe. For instance, in Africa the level of protection with vaccines is minimal, but contacts with the African countries continue. There is no getting away from this. This infection will return again and again.”

According to an official release obtained late February, the Sputnik V vaccine the following advantages:

• Efficacy of Sputnik V is 91.6% as confirmed by the data published in the Lancet, one of the world’s oldest and most respected medical journals; It is one of only three vaccines in the world with efficacy of over 90%; Sputnik V provides full protection against severe cases of COVID-19. 

• The Sputnik V vaccine is based on a proven and well-studied platform of human adenoviral vectors, which cause the common cold and have been around for thousands of years. 

• Sputnik V uses two different vectors for the two shots in a course of vaccination, providing immunity with a longer duration than vaccines using the same delivery mechanism for both shots. 

• The safety, efficacy and lack of negative long-term effects of adenoviral vaccines have been proven by more than 250 clinical studies over two decades. 

• The developers of the Sputnik V vaccine are working collaboratively with AstraZeneca on a joint clinical trial to improve the efficacy of AstraZeneca vaccine. 

• There are no strong allergies caused by Sputnik V. 

• The price of Sputnik V is less than $10 per shot, making it affordable around the world. 

In February, peer-reviewed medical journal The Lancet published an analysis from Phase III clinical trial of the Russian vaccine, showing its 91.6-percent efficacy against symptomatic COVID-19. The Sputnik V vaccine was developed by the Gamaleya Research Institute of Epidemiology and Microbiology.

Sputnik V was registered in Russia on August 11, 2020 as the world’s first officially registered coronavirus vaccine. Russian vaccines have advantages as no deaths have been reported after vaccination with the Sputnik V, Alexander Gintsburg, Director of the Gamaleya Center, the vaccine developer, said and was reported by TASS News Agency. “As of today, no deaths after vaccination with Sputnik V have been registered,” he said.

Russian Direct Investment Fund (RDIF) is Russia’s sovereign wealth fund established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. RDIF’s management is based in Moscow.

In Africa, during first of September, the coronavirus-related death toll has topped 196,190, while more than 6.9 million recoveries have been reported. South Africa accounts for a majority of coronavirus cases and deaths across Africa – 2,777,659 and 82,261 respectively. The death toll in Tunisia climbed to 23,451, and 664,034 cases have been confirmed. Egypt recorded 16,736 deaths and 288,441 coronavirus cases.

In Sub-Saharan Africa, Ethiopia is ranked second to South Africa (308,134 cases and 4,675 deaths) and is followed by Kenya (235,863 cases and 4,726 deaths) and Nigeria (191,805 and 2,455). The total number of COVID-19 cases has reached almost 8 million in Africa, according to the World Health Organization’s (WHO) Regional Office for Africa.

Continue Reading

Publications

Latest

Joe Biden Joe Biden
Americas6 seconds ago

Was Trump better for the world than Biden, after all?

Joe Biden and the State Department just approved a major deal with the Saudis for 500mln in choppers maintanance. Effectively,...

Africa Today3 hours ago

Eritrea: Release journalists and politicians arrested 20 years ago

The Eritrean authorities must immediately and unconditionally release 21 journalists and politicians who were arrested in a sweeping crackdown on...

Human Rights5 hours ago

Torture, killings, lawlessness, still blight Burundi’s rights record

The people of Burundi continue to endure serious human rights violations including possible crimes against humanity, the majority committed by...

Reports7 hours ago

Appliance standards and labelling is highly effective at reducing energy use

Policies that introduce minimum efficiency performance standards and energy-consumption labelling on appliances and equipment have led to reduced power consumption,...

Development9 hours ago

Women in Albania to Gain Greater Access to Global Digital Jobs Market

“Digital Jobs Albania” is a new World Bank initiative that will help women in Albania gain better access to online...

East Asia11 hours ago

How China Exacerbates Global Fragility and What Can be Done to Bolster Democratic Resilience to Confront It

Authors: Caitlin Dearing Scott and Isabella Mekker From its declared policy of noninterference and personnel contributions to United Nations (UN)...

South Asia13 hours ago

Opposing Hindutava: US conference raises troubling questions

Controversy over a recent ‘Dismantling Global Hindutava’ conference that targeted a politically charged expression of Hindu nationalism raises questions that...

Trending