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Russia is increasing its influence in Africa through strategic investment in energy and minerals says analyst

Author: The Conversation (South Africa) , Published on: 11 February 2019

"How Russia is growing its strategic influence in Africa", 6 février 2019

Putin places a high premium on geopolitical relations and the pursuit of Russian assertiveness in the global arena. This includes reestablishing Russia’s sphere of influence, which extends to the African continent. Like Beijing, Moscow’s method of trade and investment in Africa is without the prescriptions or conditionalities of actors like the International Monetary Fund and the World Bank. Russia is gradually increasing its influence in Africa through strategic investment in energy and minerals. It’s also using military muscle and soft power...

Interaction between Russia and Africa has grown exponentially this century, with trade and investment growing by 185% between 2005 and 2015. Economically, much of Russia’s focus in Africa centres on energy. Key Russian investments in Africa are in the oil, gas and nuclear power sectors. The fact that 620 million people in Africa don’t have electricity provides Russia’s nuclear power industry with potential markets. Several Russian companies, such as Gazprom, Lukoil, Rostec and Rosatom are active in Africa. Most activity is in Algeria, Angola, Egypt, Nigeria and Uganda. In Egypt, negotiations have already been finalised with Moscow for the building of the country’s first nuclear plant . These companies are mostly state-run, with investments often linked to military and diplomatic interests. Moscow’s second area of interest is Africa’s mineral riches. This is particularly evident in Zimbabwe, Angola, the Democratic Republic of Congo, Namibia and the Central African Republic...In Zimbabwe, Russia is developing one of the world’s largest deposits of platinum group metals.

Russia has also been reestablishing links with Angola, where Alrosa, the Russian giant, mines diamonds. Discussions between Russia and Angola have also focused on hydrocarbon production.Uranium in Namibia is another example. Russia’s current controversial involvement in the Central African Republic (CAR) began in 2017, when a team of Russian military instructors and 170 “civilian advisers” were sent by Moscow to Bangui to train the country’s army and presidential guard. Shortly after that, nine weapons shipments arrived in the CAR. Interest in the country has focused on exploring its natural resources on a concession basis. The murder of three Russian journalists in a remote area of the country last year focused the world’s attention on what looked like a Kremlin drive for influence and resources.

 

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Related companies: Alrosa (Almazy Rossii Sakha) Gazprom Lukoil Rosatom