Roscongress Foundation published analytical reports on the Russia–Africa Economic Forum

The ROSCONGRESS.ORG Information and Analytical System published a special issue of the Roscongress Insider dedicated to the outcomes of the Russia–Africa Summit and Economic Forum. This report was prepared by experts from the Roscongress Foundation and the Institute for African Studies of the Russian Academy of Sciences together with TASS Russian News Agency.

The study emphasizes that the first ever Russia–Africa Summit and Economic Forum that took place on 23–24 October 2019 in Sochi became historic events both for Russia and the African continent. 

“The Summit laid the foundation for developing and strengthening the cooperation with African countries in trade, economic, cultural and social spheres. Implementing the plans proposed during the event takes teamwork and continuous cooperation among all the stakeholders.  In order to maintain this dialogue, we plan to make the Russian-African cooperation agenda part of all the key events, including the business programme of the St. Petersburg International and Eastern Economic Forums,” noted Anton Kobyakov, Adviser to the President of the Russian Federation.

The Roscongress Insider report provides a detailed description of the competencies Russia can share with its African partners. According to the study, they include the expansion of Russian financial institutions in the countries that plan for or already implement Russian investment projects; developing raw materials processing in African countries (through joint ventures alongside other options); increasing exports of agricultural produce, machinery and fertilizers; starting up energy-related projects;  upgrading transport infrastructure, and fighting crime. The study puts a special emphasis on the social cooperation, especially in health care and education. These are the areas with the most history and experience.

Endeavours of the African Agenda 2063 are consistent with our goals, while the framework programmes under the African Union open up opportunities for Russia’s participation in their implementation. However, that would require a clear mechanism for our economic cooperation, and primarily forms of financial cooperation between Russian and African private and government-owned companies,” noted Irina Abramova, Director of the Institute for African Studies of the Russian Academy of Sciences (RAS), Member of the Presidium of the RAS, Corresponding Member of the RAS, Doctor of Economics, Professor. 

To participants in the Russia–Africa Economic Forum

Ladies and gentlemen,

It gives me great pleasure to welcome you at the opening of the Russia–Africa Economic Forum.

The rich history of relations between Africa and Russia has never seen an event of a similar scale. Members of government agencies and business community, and experts are meeting at this Forum to substantively discuss the current status and prospects of cooperation and a wide range of topical issues of the world economy.

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 our past experience of successful cooperation, we 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.

I hope that the Forum will help identify new areas and forms of cooperation, put forward promising joint initiatives that will bring the collaboration between Russia and Africa to a qualitatively new level and contribute to the development of our economies and the prosperity of our peoples.

I wish the Forum’s participants fruitful work and all the best.

Vladimir Putin

The Russia–Africa Summit, which is taking place in Sochi on 23–24 October 2019, encapsulates the historically friendly relations between the African continent and the Russian Federation. This Summit carries great significance as it is the first of its kind to emerge during a period of major global and international transformations. In response to the aspirations of the people it is representing, the Summit intends to build a comprehensive framework for expanding Russian–African relations into broader horizons of joint cooperation across different fields.

The African nations and Russia share a common understanding of international relations, based on the principles of respect for the rule of international law, equality, non-interference in the internal affairs of states, and the peaceful resolution of disputes. Both sides affirm their commitment to support multilateral actions to oppose new international threats, be they terrorism and extremism in all their forms, or declining growth rates. The two sides share a firm conviction regarding the importance of developing trade flows and supporting mutual investment in such a way as to ensure security, peace and development for the African and Russian people.

African countries have huge potential and opportunities that will allow them, once efforts to streamline their economies have been achieved, to emerge as real global players. In recent years, the nations of this continent have achieved major successes spanning the political, economic, social and administrative spheres. Africa has flourished in terms of growth over the past decade, reaching a continent-wide growth rate of 3.55% in 2018.

The African Union Summit, which was held in Niger in July 2019, continued the efforts of the African countries and saw the African Continental Free Trade Agreement come into force, along with its operational instruments. The agreement is one of the key objectives of Agenda 2063, an African development strategy that has been created to address the African people’s desire for prosperity and decent living standards.

These successes are opening up wide-ranging prospects for cooperation between African countries and the Russian Federation, and confirm the determination of African governments and their people to cooperate with multiple partners in order to establish mutually beneficial relations.

With this in mind, we express our hopes that the Russia–Africa Summit will help in the establishment of constructive strategic relations, based on partnership between two sides across various fields, and in the service of fulfilling the hopes and aspirations of the African people and their friends in Russia.

President of the Arab Republic of Egypt
Abdelfattah ALSISI