Under the aegis of the newly established Nigeria-Russia Chamber of Commerce and Industry, Russians are now gearing up to revamp the Ajaokuta Steel Industry that was abandoned after the collapse of the Soviet Union, and further take up energy, oil and gas projects in Nigeria, as well as facilitate trade between Nigeria and Russia.
After Soviet’s collapse, Russia has been struggling to find ways of regaining part of its Soviet-era economic influence throughout Africa, and Nigeria has been high on Russia’s agenda for reviving multifaceted business ties, at least to share the market and take up opportunities similar to the United States and China.
There had been a number of deals and business proposals previously, featured in Russia-Nigerian relations. As far back in June 2009, Dmitry Medvedev as president visited Nigeria for the first time, held topmost state level talks on possible nuclear energy, oil exploration and military cooperation. There were talks also focusing on the establishment of petrochemical plant in Nigeria.
Nowhere, among the four nation-tour, was it more obvious than in oil-rich Nigeria when Medvedev expressed regret saying Russia was “almost too late in engaging with Africa. In fact, work with our African partners should have been started earlier.” How serious is Russia’s engagement with Africa, even after the president’s four-nation tour – Egypt, Nigeria, Angola and Namibia? Medvedev’s statement still has some relevance, and a lot more implications and interpretations.
Russia has been prospecting for its nuclear-power ambitions down the years. According to Russia’s Rosatom, the protocol signed at that time on nuclear offered the possibility of bilateral cooperation for the development of nuclear infrastructure and the joint exploration and exploitation of uranium deposits. The aim, two nuclear plants estimated cost at $20 billion – the bulk of it by Russia, is to boost Nigeria’s electricity supply.
Russia’s second-largest oil company, and privately controlled Lukoil, has gone forth and back these several years with plans to expand its operations in Nigeria, and in a number of West African countries.
Nigeria is an economic powerhouse in West African region. As it is known, Nigeria is one of the Africa’s fastest growing economies and it boosts the largest population. Russia and Nigeria have some sort of economic relations, but these are not consistent with the long-standing cordial relations between both countries.
In addition, Nigeria is a vast market with huge potentials for prospective foreign investors and so is Russia. Regrettably, investors from both sides appear to know little or nothing about these opportunities. This is, usually attributed to the apparent inadequate knowledge of the many investment opportunities in both countries.
Statistics are extremely hard to obtain. By the end of 2018, Russia’s trade with Nigeria was almost US$600 million, still seen as far below the full potential of trade and economic cooperation between the two countries. Stunningly, talking about bilateral economic footprints, both Russians and Nigerians are unprepared to give needed useful information about Russia’s investment in Nigeria. Seen as a two-way street, Nigeria’s presence in Russia is only the diplomatic representative office.
New windows, in practice, are still opening especially with the start of African Continental Free Trade Area (AfCFTA), the most ambitious integration initiative embedded in the Agenda 2063 of the African Union.
It stresses working in industrial hubs, localizing manufacturing and marketing goods throughout Africa. It simply increases the attractiveness of the African market and makes it more significant for external players. This, however, points vividly to the fact that Africa is on a transformative journey of industrialization and diversification, and utilizing its vast reserves of natural resources.
While, it explicitly seems, Russian companies do not have enough resources to engage in such investment expansion, it is necessary to show consistency and commitment with whatever economic areas and countries that are identified, especially at the start of the AfCFTA. The market is potentially the largest, Africa – is the continent of the future.
Nigeria-Russia Chamber of Commerce and Industry, established and inaugurated late September 2021, now has as its primary task to raise bilateral economic relations between the two countries. It will help implement some of the significant issues that were discussed during the historic first Russia-Africa summit held October 2019 in Sochi, Russia.
President, Nigeria-Russia Chamber of Commerce and Industry, Dr Obiora Okonkwo told the visiting Russian delegation headed by Ambassador Oleg Ozerov, from the Ministry of Foreign Affairs of the Russian Federation and Head of the Secretariat of Russia-Africa Partnership Forum (RAPF), that establishment of the NRCCI was the first step towards resuscitating and strengthening existing relations between Nigeria and Russia.
He said the inauguration of the chamber shows the beginning of a new journey that will enable “Nigeria explore business relations with the Russian Federation, and will promote economic growth, technology transfer, development and foster better understanding between both countries.”
Reports indicated that Nigeria-Russia Chamber of Commerce and Industry (NRCCI) was created and incorporated under the Companies and Allied Matters Act 1990, and has established beneficial relationships and contacts with numerous economic development organizations in the Russian Federation.
The principal objectives of NRCCI is to promote commerce, industry, trade and ancillary services; foster, advance and protect commercial, industrial, trade and professional enterprises. “We are therefore seeking to establish an industrial development mechanism built on the principle of mutual beneficial relationships with their own business groups. The strategy is to establish and sustain business contacts with the existing numerous economic development organizations in Russia and Nigeria,” explained Okonkwo.
The Russian business delegation included Andrei Albeshchenko from the Association of Economic Cooperation with African States; Andrei Vladimirov, State Atomic Energy Corporation Overseas; Stepan Belanovich, Uralchem United Chemical Company JSC; Maksim Poltoradnev, Uralchem United Chemical Company JSC and other Russian business executives.
The business visit to Abuja was organized by the Association of Economic Cooperation with African States (AECAS) with support from the Russian Foreign Ministry, assistance from the Russian Embassy in the Federal Republic of Nigeria. Ozerov and his delegation paid a courtesy call on Vice President Yemi Osinbajo at the Presidential Villa.
According to reports, Vice President Osinbajo has expressed keen interest in developing bilateral cooperation and the need to increase the presence of Russian companies in Nigeria. Vice President Osinbajo stressed the fact that the formal inauguration of a Nigeria-Russia Chamber of Commerce and Industry (NRCCI) will consolidate efforts to deepen the long-lasting relationship and invigorate business opportunities between Federal Republic of Nigeria and the Russian Federation.
“We are interested in developing relations with Nigeria. It is one of the largest and most promising economies where we see lot of opportunities. We were happy to hear that the Vice President supports the development of bilateral economic relations. Russia has a lot to offer, from new technologies to fertilizers, agriculture, energy and infrastructure projects. We must intensify cooperation to achieve tangible results prior to the second Russia-Africa summit,” Ambassador Oleg Ozerov, Head of the Secretariat of the Russia-Africa Partnership Forum, told journalists during the press conference following the meeting.
Within the framework of the joint declaration adopted at the first Russia-Africa Summit, the Ministry of Foreign Affairs of the Russian Federation established the Secretariat of the Russia-Africa Partnership Forum. The Secretariat of the Russia-Africa Partnership Forum also moved to create an Association of Economic Cooperation with African States (AECAS).
U.S.-Africa Leaders Summit: Matters Arising and Way Forward
On the eve of the U.S.-Africa Leaders Summit planned for December 13-15 in Washington, the Corporate Council in partnership with the African Union and the U.S. State Department hosted discussions which was a combination of online and offline with a number of experts from the United States and Africa.
Katherine Tai, the 19th United States Trade Representative and Secretary-General Wene from the African Continental Free Trade Area (AfCFTA), Ambassador Rama Yade, Senior Director of the Africa Center. Taking part was the Dean of the African diplomatic corps in the United States.
This discussion came on the eve of the US-Africa Leaders Summit (ALS), which will advance US-African collaboration on today’s most pressing global and regional priorities. The ALS will reflect the breadth and depth of US partnerships with African governments, businesses, civil society, and citizens-partnerships based on dialogue, respect, and shared values that harness the ingenuity and creativity of American and African people.
There were various themes during the discussion against the difficult geopolitical backdrop of high global economic imbalances slowing direct investment into the continent as well as accelerating shifts in the job market.
Worth noting that the United States – Africa Leaders’ Summit will be hosted by President Joe Biden, and it primarily serves as a demonstration and commitment towards the African continent and further provides the platform for new joint initiatives between the United States and countries in Africa.
The discussion reviewed, somehow the current relations as well as possible new initiatives to boost the continent’s recovery from coronavirus pandemic, how to effectively bolster food security and to promote investment in various critical sectors including infrastructure, health and renewable energy, among other priorities.
On the other hand, the discussion also focused on strengthening the African diaspora communities and engage them in advancing a two-way trade and investment partnership, scale up innovation and entrepreneurship, and drive advancements in key sectors.
The United States together with the African diaspora have a very unique opportunity to make sure to change the narrative of trade and focus on inclusive rather than only on market access. Supporting women and youth in identifying opportunities, challenges and also barriers that confront them.
Questions such as what are the challenges that we can confront together and what are the solutions that we can present to heads of states and government to begin to change the last 60 years or so of exclusion of young people people for mainstream economic activity excluding – exclusion of small medium enterprises from mainstream economic activity to make them partners in the implementation.
The United States understands that African Union and African leaders are looking at regional linkages very strategically and then always around inclusivity. How and what to do better with economic engagement inside and outside, to bring everyone along and not to leave people behind.
The United States already plans to take concrete action to benefit young people including women, to benefit small medium enterprises, small cum medium enterprises in Africa, creating over 450 million jobs. And the bulk of that 450 million jobs are young Africans.
The Corporate Council on Africa significantly undertakes the tremendous support and even galvanize U.S. leadership and engagement in partnership with allies and with partners to shape solutions to global challenges Africa. Its people have a critical role to play in achieving such solutions, Ambassador Tai noted in her discussion.
Nearly the discussants agreed all that will require a combination of private sector activities and governmental actions and one key governmental framework for Africa is the African Continental Free Trade Area (AfCFTA). The free trade area promises deepening economic integration. It creates a single market for goods and services for almost 1.3 billion people across Africa. In fact, the 50 for African Union members have signed the agreement, 42 members have ratified it and 39 have deposited their instruments of ratification.
The Secretary General of the the African Continental Free Trade Area (AfCFTA) during the summit will be able to discuss the way forward. The United States intends to fully engage with Africa as the recent Africa strategy says in a 21st century U.S.-Africa partnership and one aspect of that Africa is a friend shoring, which is to say working with reliable partners. It is noted to work within the framework that provides integration between West Africa and East Africa, between North Africa and Southern Africa.
Within the framework of the African Union agenda, the new generation who wants to build on geopolitical partnership dimension in the regional economic communities and with African countries. The point is that there are symmetries, obviously, between the economy and industrial development trajectory, and between developing and developed countries.
The African Growth and Opportunity Act offers rules and regulations relating to trade agreements, especially tariff liberalization, this is an important aspect for building sustainable economic cooperation between the two regions.
The United States and its partnering institutions (both public and private) can best work together to spearhead continuous complementary work as it relates to both business security for participating actors and investors and including for example, the global African diaspora and beyond industry for things like creative and cultural industries.
The speakers unanimously confirmed the summit as the highest unique platform to determine the geo-economic centers, examine thoroughly the global priorities and challenges, and concretely design the main directions of U.S.-Africa cooperation. It offers, especially this critical times, an orientation towards the future, at least the next decade, between the African continent and the United States.
U.S.-African Leaders Summit 2022, aims at enhancing cooperation on shared global priorities. The heads of state and leaders from across the African continent will converge in Washington D.C., within the context of the United States-Africa Leaders’ Summit hosted by President Joseph R. Biden, President of the United States of America.
The Library Of Africa and The African Diaspora Announces AU20 Writing Project Winners
The African Union (AU) in partnership with the United Nations Development Programme (UNDP) and the Library Of Africa and The African Diaspora (LOATAD) hosted a residency programme under the AU20 project for established writers from across Africa to produce a piece of work that celebrates the unity and potential of the African continent.
This year, the African Union celebrates its 20th anniversary since the organization’s establishment at the Durban Summit of July 2002. Dubbed AU20, the celebrations have taken place under the theme “Our Africa, Our Future” and focuses on the AU’s initiatives, successes, impact, challenges and the way forward.
The writers residency took the form of a hybrid programme, with two online meetings in October/November and a two-week physical residency at the Library Of Africa and The African Diaspora (LOATAD) in Accra, Ghana from November 14 – 28.
Catering to the theme “Our Africa, Our Future”, five writers from the continent were tasked to interpret the theme in a broad and expansive way across a selected genre, including fiction, narrative non-fiction and poetry. The piece is pegged between 5,000 and 7,000 words (or five poems for poets) on the theme “Our Africa, Our Future” for the e-book. The final work will be published in an e-book anthology to be released in early 2023.
The AU20 project aims to elevate the profile of the AU in the minds of Africans, particularly the creative community, and better connect the AU to African citizens. Powered by Africa No Filter, the writers residency is a unique contribution towards bringing the African Union closer to the African people by selecting creative professionals who think outside the box, dare to challenge conventions and offer new and original work through their chosen materials, techniques and subject matters.
The Library Of Africa and The African Diaspora (LOATAD) together with the African Union, the UNDP and Africa No Filter have now announced the final winners of the AU20 writing project. Here are the five winners and bit of their professional backgrounds.
i) Nour Kamel from the Arab Republic of Egypt. Nour writes about identity, language, sexuality, queerness, gender, oppression, femininity, trauma, family, lineage, globalization, loss and food. She is the author of the chapbook “Noon” in New-Generation African Poets: A Chapbook Box Set (Sita).
ii) TJ Benson from the Federal Republic of Nigeria. His writing explores the body in the context of memory, migration, utopia and the unconscious self and his works have been exhibited, published in several journals, and shortlisted for awards. The author of three novels, his latest, People Live Here, is out now.
iii) Musih Tedji Xaviere from the Republic of Cameroon. She is a writer, activist, and Moth Storyteller. Her debut novel, These Letters End in Tears, won the 2021 Pontas and JJ Bola Emerging Writer’s Prize. It will be published in the US and UK in 2024 by Catapult and Jacaranda Books.
iv) Tony Mochama from the Republic of Kenya. He is a poet, author and senior journalist at The Nation Media Group. He is a three-time winner of the Burt Awards for African Young Adult Literature and is a recipient of the Miles Morland Writing Scholarship. His futuristic novel, 2063 – Last Mile Bet, was published by Oxford University Press.
v) Sue Nyathi from the Republic of South Africa. She is the author of four novels, her latest, An Angel’s Demise, published in October by Pan Macmillan. A Zimbabwean based in South Africa, she was shortlisted for the 2020 Dublin Literary Award and is a JIAS Fellow ’22.
According to reports, The Library Of Africa and The African Diaspora (LOATAD) received an overwhelming number of applications from across the continent, and the selected writers represent the best of African literary talent as well as the literary future.
Started in a one-room office, the library attracted significant national and international attention and quickly outgrew itself. In 2020, it re-branded as the Library Of Africa and The African Diaspora and moved to a bigger space that includes a special collections/archive room, a screening room and extensive outdoor event space.
As a complete African library, it has also an archive, a museum, a writing residency and a research facility. It is dedicated to the collection and visualization of authors from Africa and the African diaspora from the late 19th century to the present.
The library has over 4000 volumes of literary fiction and narrative nonfiction dating from the early 20th century to the present day. From Algeria to Kenya and from Liberia to Zimbabwe, the collections represent the rich diversity of the African continent and its vast Diaspora.
LOATAD’s focus is on books by writers of African descent including African, African American, Caribbean, Black European, Afro-Latin, and Indigenous writers. The Library Of Africa and The African Diaspora (LOATAD) is located in Accra, Ghana.
Ramaphosa Faces Possible Impeachment for Corruption
South African President Cyril Ramaphosa has fallen into turbulent waves and struggling to save his position and reputation. It has tainted image of and changed the global perception about South Africa, if Ramaphosa is finally impeached for corruption scandal similar to his predecessor Jacob Zuma. He, however, made corruption fight a top priority during the political campaign and has fallen victim himself.
Ramaphosa ousted former president Jacob Zuma in 2017 amid optimism that the new leader could rid the ruling party of graft and revitalise the economy. Zuma faces several corruption investigations, but denies wrongdoing.
He faces possible impeachment over claims that he tried to cover up the theft of millions of dollars stashed inside his commercial farmlands. Former State Security Agency director Arthur Fraser laid a criminal complaint against Ramaphosa in June over the theft in 2020.
The Investigative Committee has concluded its report which report found the president may have breached anti-corruption laws. The African National Congress, the ruling party, has called for him to step down. But, Ramaphosa has denied wrongdoing.
“We are in an unprecedented and extraordinary moment as a constitutional democracy as a result of the report, and therefore whatever decision the president takes, it has to be informed by the best interest of the country. That decision cannot be rushed,” according to the spokesperson, Vincent Magwenya.
A panel report that found preliminary evidence that President Cyril Ramaphosa may have violated his oath of office is a “troubling moment” for the government and governing party, South Africa’s foreign minister Naledi Pandor said in an interview with the Reuters.
Pandor added that she was still reading the panel report on the robbery at Ramaphosa’s farm and that she did not want to rush into the public space with additional comments.
The panel’s findings come less than a month away from an elective conference that will decide if Ramaphosa gets to run for a second term on the African National Congress ticket in 2024 polls.
According to his biographical record, Ramaphosa is an anti-apartheid champion, and later South Africa’s wealthiest businessmen and then its most powerful politician and president. Born in Johannesburg on Nov. 17, 1952, the son of a retired policeman. Ramaphosa is a staunch member of the African National Congress (ANC).
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