POLITICAL ECONOMY OF RISING RUSSIAN INTEREST IN AFRICA: PROSPECTS AND CHALLENGES
Authors
Tarh Humphrey Ntantang, Maureen Mengot Ayuk
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Annotation
The vast natural resources available in Africa, the corresponding energy needs, an increased demand for raw materials in Russia, and the need to forge diplomatic coalition that will counter balance Western dominance in Africa that has spurred rising Russian interest in Africa. Inspite of limitless opportunities that such an association potentially offers, it remains to be seen whether Africa will benefit in the long run from Russian involvement as well as whether Russian can maximize the potentials its rising interests in Africa offer. Through the examination of primary and secondary sources which were interpreted following a qualitative analyses and presented thematically. This article examines these issues, first looking at the historical basis for the present cooperation between Russia and Africa. The second part gives an overview of various political and economic initiations already taken to strengthen Russo-African ties; this is followed by analysis of the political economy of rising Russian interest in Africa. The final part addresses the reasons why Africa is seemingly retrogressing and offers solutions that could aid Africa to fully maximize the benefits of rising Russian interest.
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Authors
Tarh Humphrey Ntantang, Maureen Mengot Ayuk
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