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Putin Glad With Expansion of Russian-Nigerian Ties, Tasks New Envoys

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By Kester Kenn Klomegah

Russian President, Mr Vladimir Putin, has assertively reminded 17 newly arrived foreign envoys, including Nigerian ambassador to the country, Professor Steve Davies Ugba, to make efforts to facilitate the development of multifaceted relations with Russia in every possible way, strengthen political dialogue, boost trade and economic relations, deepen humanitarian and cultural ties.

“The role of diplomacy and diplomats are particularly important,” he explained and gave the assurance that Moscow was committed to constructive dialogue with its foreign partners and would unreservedly promote a positive agenda.

“For our part, we are ready to welcome your constructive initiatives, you can count on the support of Russian authorities, state institutions, business circles and the public,” Mr Putin said, addressing the foreign ambassadors in a special ceremony held in the Alexander Hall of the Grand Kremlin Palace.

The 17 newly appointed ambassadors are from Austria, Benin, Côte d’Ivoire, Cuba, Egypt, El Salvador, Ghana, Italy, Jordan, Nigeria, Montenegro, Republic of Congo, Saudi Arabia, South Korea, The Gambia, United Arab Emirates and Vietnam.

During the speech, Mr Putin strongly reminded them about the growing challenges and threats confronting the global community and urged them to play a pivotal role in ensuring sustainable development, global peace and stability.

“As for Russia, it will continue to consistently be committed to strengthening global and regional security and stability and fully comply with its international obligations, build constructive cooperation with partners based on respect relying on international legal norms and the United Nations Charter,” the Russian leader said.

According to Mr Putin, “diplomats are called upon to facilitate the joint search for answers to large-scale challenges and threats, such as terrorism, drug trafficking, organized crime, proliferation of weapons of mass destruction and climate change.”

In addition to supporting greater security, stability and delivering promptly on its international obligations, Putin also emphasized the readiness of Russia to continue boosting overall ties both at bilateral level and on the world stage with African countries. According to the longstanding tradition, the Russian leader said a few words about the interaction with the individual countries in the welcome speech.

Of particular importance, Mr Putin noted that Russia was interested in broadening ties with the Federal Republic of Nigeria.

“We very much appreciate our relations with Nigeria, an important partner for us on the African continent. We support the further expansion of mutually beneficial Russian-Nigerian ties, including cooperation on hydrocarbon extraction and aluminium production, as well as in the military-technical field,” he told the new Nigerian ambassador, Professor Steve Davies Ugba, who had arrived with an accumulated experience in corporate affairs and several years of academic teaching in the United States.

He went on to inform the gathering that the foundation for the cooperation between Russia and Ghana was laid over 60 years ago. “We have accumulated a great deal of experience in working together in both the trade and economic sphere and in politics. Currently, we are developing promising projects in the nuclear and oil industries, and we are discussing the prospects of supplying Ghana with Russian airplanes, helicopters and automobiles,” Mr Putin said.

Dr Akyaa Opoku Ware, Ghana’s ambassador to the Russian Federation, was one of those who presented credentials to Mr Putin. By profession, she is a qualified medical doctor from The Royal College of Surgeons in Dublin and was appointed as an ambassador to the Russian Federation and former Soviet republics by President Nana Addo Dankwa Akufo-Addo on September 13, 2017.

With regards to the Arab Republic of Egypt, Mr Putin offered a bit more saying that the strategic partnership with Egypt is being strengthened. In August, Russia and Egypt will mark the 75th anniversary of the establishment of diplomatic relations. Cooperation between Russia and Egypt is very active and includes the construction of the first nuclear power plant in Egypt, the establishment of a Russian industrial zone in the Port Said region, and the deepening of military and defense industry cooperation.

“I would also like to point out that regular flights between the capitals of the two countries have been resumed. We continue to work on resuming the rest of the flights,” he pointed out.

Last December, fruitful talks with President Abdel Fattah el-Sisi were held in Cairo, he noted, and added that they both maintained regular dialogue on a range of topics, including relevant international and regional issues because both countries have had close or similar positions. Quite recently, Mr Putin heartily congratulated the President of Egypt on his resounding victory at the recent elections.

According to diplomatic sources, Mr Ihab Talaat Nasr, the new Egyptian ambassador to Russia, has replaced Mr Mohammed al-Badri who completed his mission late October 2017. Previously, Ihab Nasr was the Deputy Minister of Foreign Affairs of Egypt responsible for European affairs.

The Gambia was in the Kremlin for the first time in the country’s history with the official opening of an embassy in Moscow. Madam Jainaba Bah, a Senior Member of the United Democratic Party (UDP), became the first resident ambassador of The Gambia in the Russian Federation.

“Our ties with the Republic of The Gambia are traditionally constructive. The Russian side is interested in expanding economic cooperation, including by increasing the supply of machinery and agricultural products to the republic. We will continue to expand the practice of training Gambian specialists at Russian universities,” the Russian leader explained.

Significantly, Mr Putin underscores the fact that friendly cooperation is maintained with the Republic of the Congo. Bilateral cooperation covers a number of major projects, including the construction of a 1,334 km oil pipeline. In February, Rosatom and the Science Ministry of the Congo signed a memorandum of understanding. Over 7,000 citizens of the Congo have received higher education at Soviet and Russian universities.

Talking about Republic of Côte d’Ivoire, he said that Russia’s relations with the Republic of Côte d’Ivoire would continue to develop in traditionally constructive spirit.

“We mainly interact with the Republic of Côte d’Ivoire in the trade and economic sphere. Russia supplies to this country chemical and food products and imports cocoa and its derivatives. As part of our humanitarian efforts, medicine and medical equipment from Russia are regularly sent to the Republic,” Mr Putin told the new ambassador, Mr Roger Gnanga, who had served in diplomatic post in Washington.

Currently, Côte d’Ivoire is a non-permanent member of the UN Security Council. Russia also stands ready to work with the Ivorian side at the UN.

Interestingly, Benin has frequently changed its ambassadors. Mr Noukpo Clement Kiki, the newly appointed Ambassador of the Republic of Benin to the Russian Federation, is a professional teacher and administrator for over 20 years. Quite recently, he had a short diplomatic stint in Canada and now transferred to Moscow.

Relations with Benin are developing in a constructive spirit. Russia cooperates on energy and transport. Russia exports food and chemical products. Over 2,500 citizens of Benin have graduated from Russian universities, according to Putin.

Whatever the possible shortfalls, Mr Putin optimistically expects that, with active participation of the 17 newly arrived ambassadors, these relations will develop dynamically for the mutual benefit of the peoples of their individual countries and Russia, and in the interests of international stability and security.

“I am confident that your time in Russia will allow you to better know our country and its rich history and culture, and will leave you with new unforgettable impressions,” Mr Putin, elected for another six-year presidential term and will be inaugurated into office on May 7, told the gathering.

In conclusion, Putin congratulated the new foreign envoys with the official beginning of an important and honourable diplomatic mission, and with the hope that their activities in the Russian Federation will be productive and promote the development of relations between the countries they represent and the Russian Federation.

This article was written by Kester Kenn Klomegah, an independent researcher writer on African affairs in the Russian Federation, but the headline was cast by Business Post Nigeria.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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From Conviction To Execution: LEAD Launches Its Second Cohort In Rabat

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africa ceo forum LEAD

By Kestér Kenn Klomegâh

One year after launching a continental initiative designed to make excellence in public governance the foundation of a new drive to transform Africa, LEAD, the Africa CEO Forum’s pan-African leadership programme, takes stock of its first cohort and announces the launch of its second class. Built around a community of senior public decision-makers committed to modernising the state and to the continent’s digital transformation, this new cohort gathers for three days, from 28 to 30 August 2026, on the campus of Mohammed VI Polytechnic University (UM6P) in Rabat, Morocco.

A second cohort that confirms the programme’s durability

For its second class, LEAD brings together 50 fellows, senior public decision-makers engaged in the design and implementation of the continent’s economic and social policies. Over three days, participants take part in collective and collaborative working sessions, peer exchanges and meetings with figures from the public, business and academic spheres, in order to compare their practices and build shared responses to the major challenges of governance.

Speakers include Mehdi Jomaa, former Head of Government of Tunisia, Donald Kaberuka, Managing Partner & Founder, SouthBridge Group, and former President of the African Development Bank, Serge Ekue, President of the West African Development Bank (BOAD), Sanjay Jain, co-creator of India Stack and Director of Digital Public Infrastructure, Gates Foundation, and Mauricio Cardenas, Professor of Professional Practice in Global Leadership, Columbia SIPA, and former Finance Minister of Colombia (2012-2018).

They share their reform experience, their public policy trade-offs and their view of continental priorities. Throughout the programme, the cohort benefits from the dedicated support of Mohammed VI Polytechnic University, Asafo & Co, BOAD, BCG and the African Development Bank, LEAD partners that have chosen to invest in the transformation of African public action.

LEAD, a pan-African community serving public action

Created by the AFRICA CEO FORUM, LEAD is a leadership programme whose ambition is to reposition Africa’s administrative elite as a driver of reform, of performance and of dialogue with all the continent’s stakeholders.

Designed for senior African public decision-makers, LEAD sets out to build a lasting community of public officials able to share their experience, compare their practices and build common solutions to the major economic, technological and institutional transformations under way in Africa. That community is structured around three pillars: modernizing the state, improving public services, and strengthening cooperation between governments, development institutions and private-sector players.

From fellows to alumni: a long-term initiative

Made up of 36 fellows drawn from a range of administrations and institutions and representing 24 countries across the continent, LEAD’s first cohort demonstrated the quality and the potential of this community from its very first year. In less than twelve months, six of its members have taken a significant step forward: two have been appointed ministers, two have moved into strategic positions at the highest level of the state and two have been promoted to chief executive roles. These moves, which account for 16.7% of the first class, show the role LEAD plays as an accelerator of impact within African administrations.

By bringing together a new cohort of fellows every year, each of them joining the LEAD alumni community, the initiative follows a long-term trajectory: in time, to unite several hundred African public decision-makers around a shared culture of transparency, performance and regional cooperation.

A first year devoted to public service and digital public infrastructure

Throughout the year, the fellows devoted their work to strengthening African public action, to make excellence in public governance a central lever of transformation. An awareness campaign, run as part of Africa Public Service Day, brought to light those who, within the continent’s administrations and institutions, are concretely transforming public policy and improving the services offered to citizens.

Members of the cohort also took part in a special round table held in Kigali during the ACF 2026, in order to carry their thinking to a wider community of public and private leaders. That forum reinforced LEAD’s role as a platform for dialogue between the administrative elite and the continent’s economic players. Digital public infrastructure (DPI) formed the main thread of this first year of work.

Discussions covered issues at the heart of the digital sovereignty of African states: digital identity, payments, secure data exchange, interoperability, governance and the protection of citizens. This work examined the conditions under which African states are developing, in some cases, and can develop, in others, shared, open infrastructure robust enough to improve the quality of public services while supporting local innovation and preserving the capacity of public authorities to set the rules of the game.

A white paper to move from consuming technology to creating value

This year of work concludes with the publication, in collaboration with BCG, LEAD’s Knowledge Partner, of a white paper on Africa’s place in the digital economy and in artificial intelligence. With the digital economy still accounting for around 5% of African GDP, against close to 15% worldwide, the paper calls on the continent to shift from a logic of technology consumption to one of value creation.

The white paper identifies three structuring priorities for African public actors:

  • Building shared digital infrastructure that serves as the backbone of public services and private innovation.
  • Pooling investment in order to reach critical mass and avoid the fragmentation of efforts across the continent.
  • Favouring open and interoperable architectures, with trust and governance built in by design, so as to protect citizens while stimulating the entrepreneurial ecosystem.

The white paper is available here to all public decision-makers, technical partners and institutions concerned.

“LEAD’s first cohort confirms a simple conviction: Africa already has the women and men capable of profoundly transforming public action. Our responsibility, either with our partners, is to give them, at pan-African level, a space in which to compare experience, build common solutions and bring forward a new generation of public policy. With this second cohort, we want to accelerate the move from ambition to execution, in particular on digital public infrastructure and artificial intelligence, two decisive issues for sovereignty, for the effectiveness of the state and for value creation across the continent,” says Amir Ben Yahmed, President of the Africa CEO Forum.

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Global Leaders Head to Addis Ababa for First World Public Summit in Africa

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Addis Ababa World Public Summit

By Kestér Kenn Klomegâh

Africa is set to make history as it hosts the World Public Summit for the first time, with Addis Ababa, Ethiopia, welcoming global leaders and changemakers from July 29–30, 2026, for the landmark gathering under the theme “New World: Africa in Shaping a Shared Future.”

The inaugural African edition of the World Public Summit marks a significant milestone in the continent’s growing role in shaping international dialogue on governance, sustainable development, human-centred leadership and global cooperation.

Hosted by the World Peoples Assembly in partnership with African and international organisations, the summit will convene government officials, diplomats, business leaders, academics, journalists, youth representatives, civil society organisations and cultural leaders from across Africa and around the world.

According to Andrey Belyaninov, General Secretary of the World Peoples Assembly, “the Summit is not just a meeting—it is a space for unity. A space where the ‘values that unite us’ come to life: respect for people, openness to the world, responsibility for the future, and a commitment to creation.

“Today, we understand more clearly than ever: the future cannot be built alone. It is born in dialogue, in trust, in the ability to listen to one another and to act together.”

The programme begins on July 29 with a series of high-level roundtables and expert discussions covering Pan-African economic integration, civil society, education, scientific cooperation, cultural diplomacy and humanitarian partnerships.

The opening plenary, “Values, Development and Partnership as the Basis of a Sustainable and Just World,” will explore how African values—including Ubuntu—can help shape a more inclusive and sustainable global future. Discussions will also focus on youth leadership, innovation, civil society, ethical AI, public initiatives and international partnerships.

The summit will also showcase Africa’s creativity and innovation through the “Innovations for the Future” exhibition, the contemporary African art exhibition “Unity,” and the international exhibition “The World Paints Happiness.”

Another featured initiative is “The Zambezi River: Economy, Society, Soul,” an international interdisciplinary project exploring the river’s socioeconomic importance across Angola, Botswana, Mozambique, Namibia, Zambia and Zimbabwe, highlighting the shared heritage and development potential of one of Africa’s most important waterways.

The event will conclude with the adoption of the African Communiqué, reflecting the summit’s shared vision for stronger international cooperation, sustainable development and people-centred leadership.

Tsegaye Chama, General Secretary of the Global Black Centre, promised that, “The Summit will be delivered with exceptional distinction, reflecting the magnitude and spirit of the World Peoples Assembly. It embodies a unity that is not transactional, but purposeful and conscious, a unity that shapes new contours for a world that works for all peoples of the World.”

As delegates prepare to arrive in Addis Ababa, anticipation continues to build for what promises to be one of Africa’s most significant international gatherings of 2026—one that will place the continent firmly at the centre of global conversations about the future.

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Nigeria Leads Africa in Equity Funding as Startup Investment Hits $254m in H1 2026

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Investment-Worthy Startups

By Adedapo Adesanya

Nigeria regained its position as Africa’s leading destination for equity startup investment in the first half of 2026, raising $214 million in equity financing and a total of $254 million across equity and debt, according to the latest Africa: The Big Deal report.

The report, titled H1 2026: Mapping the Money, showed that Nigeria ranked second on the continent in total funding, behind Egypt, which attracted $327 million, while Kenya and South Africa followed with $126 million and $83 million, respectively.

However, the report noted that Egypt’s top position was largely driven by a single fundraising by electric mobility company Spiro, which secured $327 million, including $270 million in equity and $57 million in debt. Excluding debt financing, Nigeria emerged as Africa’s largest equity funding market in the first six months of the year.

According to the breakdown by Africa: The Big Deal, Nigeria’s equity funding of $214 million was higher than Egypt’s $183 million, while South Africa and Kenya attracted $66 million and $46 million, respectively.

Beyond funding value, Nigeria also led the continent in the number of startups that raised at least $100,000 during the review period, reclaiming the top spot after what the report described as an “underwhelming” second half of 2025.

The publication observed that Nigeria’s fundraising performance has remained relatively stable over the past few years and exceeded the $250 million mark for the first time since 2022, pointing to renewed investor confidence in the country’s startup ecosystem.

It also found that while the Big Four startup markets—Nigeria, Egypt, Kenya and South Africa—continued to dominate Africa’s investment landscape, their combined share of total funding stood at 58 per cent in the first half of 2026.

“Zooming back on the Big Four (110 out of 190 $100k+ deals, i.e. 58%), Nigeria is head and shoulders above its peers, with Egypt and Kenya almost tying, and South Africa in fourth position again,” the report noted.

The report highlighted contrasting performances among the continent’s largest startup ecosystems. While Nigeria and Egypt maintained strong funding momentum, Kenya recorded its weakest funding performance since early 2021 after a strong second half of 2025, and South Africa failed to attract $100 million in funding during the period despite leading the continent a year earlier.

Africa: The Big Deal also noted a broader shift in investor behaviour, with funding increasingly concentrated in larger transactions while early-stage investments continued to decline. According to the publication, the drop in smaller funding rounds reflects growing concerns about limited capital available for early-stage startups across Africa.

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