THIRD RUSSIA–AFRICA SUMMIT AND OTHER RUSSIA–AFRICA EVENTS

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Roscongress Foundation and Afreximbank agree to work together on preparations for Intra-African Trade Fair in Nigeria in 2027

Roscongress Foundation Chairman of the Board and CEO Alexander Stuglev met with Managing Director for Trade Finance and Correspondent Banking at the African Export-Import Bank (Afreximbank) Gwen Mwaba during the Second Ministerial Conference of the Russia–Africa Partnership Forum, which is taking place in Cairo on 19–20 December.

The meeting participants discussed how to expand Afreximbank’s participation formats in the St. Petersburg International Economic Forum, which will take place on 3–6 June 2026, and create a more extensive African agenda, including within the Roscongress International Cooperation Area, as well as the ability to implement the full-scale exhibition segment ‘African Business Hub’ with Afreximbank playing the coordinating role.

“We value and pay close attention to our warm partner-based relations with the Roscongress Foundation, and we support and are traditionally involved in preparing for and holding the Foundation’s business events in Russia and abroad,” Gwen Mwaba said.

Alexander Stuglev noted that Afreximbank is a key financial institution on the African continent and expressed confidence that the bank will significantly bolster this status following the construction of the Afreximbank African Trade Centre, which began in Cairo last week. Alexander Stuglev also pointed out that the Bank played a key role in the success of the first and second Russia–Africa summits, which were held in Sochi in 2019 and in St. Petersburg in 2023, respectively.

The Roscongress Foundation and Afreximbank expressed a willingness to cooperate in preparing for and holding the Intra-African Trade Fair, a key convention and exhibition event on the African continent that will take place in Nigeria in 2027. There are plans to expand the Russian agenda at the Fair with the participation of a large delegation from Russia and the organization of a collective exhibition, sessions on Russian-African cooperation, and other formats.

“The Roscongress Foundation provides administrative support and assists with promoting business projects and attracting investment. The trade fair in Nigeria is one of the strategic platforms for promotion. We suggest making it a powerful driver for the Russian-African business dialogue. To this end, we are ready to jointly expand the Russian agenda at the event by organizing a thematic Russian-African business forum on its sidelines, assembling and sending the largest delegation of leading Russian companies in recent years with the support of key ministries and development institutions, and, of course, presenting a comprehensive exhibition of Russian technologies and projects that are important for the continent,” Alexander Stuglev said.

The Second Ministerial Conference of the Russia–Africa Partnership Forum is taking place in Cairo on 19–20 December.

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“We highly value the results of our joint work at the summit. I am sure the achieved results are creating a good foundation for further deepening the Russia-Africa partnership in the interests of our nations’ prosperity and wellbeing.”

President of the Russian Federation
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