In the joint declaration, after the first summit, Russia and African Union have set goals and tasks for the further development of cooperation in all areas: politics, security, the economy, science and technology, culture and humanitarian sphere.
United States investors are looking forward to exploring several opportunities in the African Continental Free Trade Area (AfCFTA), a policy signed by African countries to make the continent a single market.
In order to raise the economic influence, Russians have been making efforts to identify a structured finance mechanism for mega infrastructure projects such as nuclear power and energy, natural resources exploration and to significantly increase trade with Africa
Sudan, located in the northeast Africa, has deepening economic crisis, so many social and political forces. While some are advocating for developing democracy, others have, under the circumstances, aligned with the military, which has accused the civilian governing parties of mismanagement and monopolizing power.
Besides the search for peaceful political pathways, Sudanese authorities need to address the deep-seated economic deficiencies and tackle common problems (basic infrastructure) facing people in micro levels of the society. This also relates many African countries.
Throughout the world, there is a growing demand for female leadership. Research has shown that companies with women on their boards of directors enjoy better results.
After Soviet's collapse, Russia has been struggling to find ways of regaining part of its Soviet-era economic influence throughout Africa. Nigeria is high on Russia's agenda for reviving multifaceted business ties, at least to share the market and take up opportunities similar to external players such as the United States, Europe and China.
Associated Press news report headlined - Russians flock to Serbia for Western-made Covid-19 Vaccines – described families from Rostov-on-Don located in southern Russia, wanted to visit the West, looked for a vaccine that would allow them to travel freely - a quest that brought them to Serbia.
Some argue that the best way to fight neocolonialism is to invest in order to jostle for economic influence. Nevertheless, Russia has sought to convince Africans over the past years of the likely dangers of neocolonial tendencies perpetrated by the former colonial countries and the scramble for resources on the continent.
Russia's drive to share Sputnik V vaccine, of course, offers a chance to raise its image and strengthen alliances in Africa. Ministry of Foreign Affairs of the Russian Federation has made efforts promoting the vaccine using all its channels. But supply and delivery have largely lagged behind, the pledges have simply not been fulfilled. Russian authorities have oftentimes said that they would step up efforts for fruitful cooperation in combating coronavirus in Africa.
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