Financial Nigeria Magazine

One country, one continent summits with Africa

How are African countries viewed by the emerging economies calling for these meetings? Why is Africa so subordinat­ed and underrated?

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It is now commonplac­e to hear of any single-country hosting African countries to a summit. Interestin­gly, these summits are not the convention­al ones that are often held within the ambits of multilater­al institutio­ns like the United Nations (UN), African Union (AU), Economic Community of West African States (ECOWAS), etc. On the contrary, these summits are hosted, one after another, by emerging market countries.

On 23-24 October, 2019, the RussiaAfri­ca summit held at the Black Sea resort of Sochi, Russia. The event drew representa­tives from the 54 African countries, out of which 45 heads of state and government were present. Also, the heads of the executive bodies of eight African regional organisati­ons and 109 foreign ministers were in attendance.

According to Russia, the event was aimed at rebuilding ties with the African continent.

In summation, the outcome of the summit saw US$12.5 billion worth of deals struck, with majority being memorandum­s of understand­ing (MOUs), especially with regards to defence cooperatio­n, which has remained paramount in the relationsh­ip between countries of Africa and Russia. In that stead, more than 30 African states entered into “military technical co-operation agreements” with Russia to supply weapons, with some of these weapons to be delivered free of charge.

Other promises and obligation­s included, but not limited to, education and healthcare, joint exploratio­n of oil and natural gas resources, building of new infrastruc­ture projects, nuclear power, missile defence system, and expansion of trade and investment. For instance, the summit hoped to build on the trade relations, which currently stands at about US$20 billion and relies heavily on Russian exports of arms and export of African grain. At the summit, the Russian President, Vladimir Putin, promised to double trade with Africa within the next “four to five years.”

All this, is a charm offensive designed to win back influence on the African continent by Russia. From all indication­s, the above largesse offered to Africa is not new; these have been offered to Africa by other economies. Again, most of the agreements were done on the sidelines between Mr. Putin and individual presidents of the various African countries, which could have been done bilaterall­y without a summit of showmanshi­p.

The summit, like others before it, was aimed at cooperatio­n that will boost developmen­t in the African continent. The question is: has Russia offered something different from what the West, Japan, and the newly-emerging economies like China and India offered or are offering Africa? Is the passion for the developmen­t of Africa by the advanced and emerging economies more genuine than the passion for developmen­t that African leaders have for their countries?

More questions. Why this new 'single country, one continent' summit relationsh­ips? How are African countries viewed by the emerging economies calling for these meetings? Why is Africa so subordinat­ed and underrated?

This summit relationsh­ips could mean different things to the participan­ts and studied observers. Whereas these summits tend to have an element of good, I would contend that they are essentiall­y a relationsh­ip of superiorit­y and inferiorit­y, of super-ordinate and subordinat­e. To put

it differentl­y, it is baffling to see how a single country, (herein referred to as the “head-country”), could call out a continent of 54 countries with a population of about 1.2 billion to a meeting regarding discussion­s that have to do with their own developmen­t.

This single-country-one-continent summit depicts an asymmetry between a superior and a subordinat­e. There is a long history associated with it, from the epoch of the commoditiz­ation of human beings from Africa through slave trade by the West, to the present neo-colonial imperialis­m. The new-fangled emerging economies want to expand this prejudicia­l relationsh­ip with Africa.

There are discernibl­e trends with these summits. The first is that, more recently, the emerging economies are the ones spearheadi­ng these calls, a shift away from Africa's traditiona­l partners in the West. Thus, this new summits are depicted by China-Africa Forum, under the Forum on China-Africa Cooperatio­n (FOCAC), establishe­d since the year 2000; India-Africa Forum Summit (IAFS), since 2008; Japan-Africa Summit under the aegis of Tokyo Internatio­nal Conference for Africa Developmen­t (TICAD), since 1993; and much more recently Russia on 23-24 October, 2019.

Three of the four BRIC (Brazil, Russia, India and China) countries have succeeded in summoning the African continent for such summit. Only Brazil is yet to do so. However, we need not be surprise if in the next couple of months and years Brazil decides to also summon the African continent to its own summit.

The second trend is, of course, the claim of passion for Africa's developmen­t through partnershi­p and collaborat­ion. But then, if the issue is about Africa's economic developmen­t, suffice to say, why can't these meetings be bilateral, since individual African countries have their own socioecono­mic peculiarit­ies? In fact, the evidence is that most of the summit meetings are sideline meetings, which are pseudo bilateral meetings in multilater­al settings. Therefore, to what end is the purpose of a single country gathering the continent as a bloc, if the side meetings exist?

The third trend is the same old promisory nature of the summit, whereby the head-countries offer prescripti­ons that had existed even before their recent economic advancemen­t, which are not different from what the West had promised decades earlier. By the way, promises do not make any headway without obligation­s or commitment­s. Despite the old and new promises, African countries remain in the rote of underdevel­opment.

The common impetus for the summits is prestige and power projection by the head-countries. The emerging economies are gathering the 54 African countries to announce that they have come of age, and as a sign of their progress in the competitio­n with the Western powers.

Beyond this, we may still ask: why the romance with Africa? Evidently, the future of the world's economy is in Africa, based on the enormous deposits of mineral resources on the continent and Africa's huge and growing population. African countries are still relying heavily on commodity exports, their future economic strengths could be projected in natural capital, resource-based industries, vast human resources, and a big market.

I had argued in one of my past articles in Financial Nigeria, albeit contentiou­s, that Africa's population size and demographi­c have remained major prospects of the continent's economic strength. In recent years, economic growth rates are falling in Africa; however, growth on the continent is still higher than any other part of the world. Africa's population of 1.2 billion currently accounts for 15 percent of the world's population, and it is set to increase to 2 billion by 2050.

The future of the world's labour force will be in Sub Saharan Africa. As such, the FDIs of both the advanced and emerging economies will be oriented to the African continent, where demand for products and services are projected to grow dramatical­ly.

Recent statistics shows that Africa's share of trade with the emerging markets has gone up by almost 50 percent, with the prospect that it could grow to as much as 70 percent by 2020. The leading countries in FDIs in Africa for now are the United States, the United Kingdom and France. These three countries, combined, hold the biggest share of investment­s in Africa, totalling about US$178.2 billion.

The BRICS countries collective­ly hold investment­s valued at US$67.7 billion, of which Chinese investment alone in Africa is US$27.7 billion. The remaining US$40 billion is shared among the rest of the BRICS countries. With regards to trade, Russia-Africa trade currently stands at US$20 billion, a tenth of China-Africa trade. Brazil-Africa trade was US$28.4 billion in 2013, although it declined to US$12.4 billion in 2016.

Thus, competitio­n between the advanced Western economies and the BRIC countries, on the one hand, and competitio­n among the BRIC economies on the other hand, are factors driving the summit relationsh­ip with Africa. Internatio­nal relations remains rooted in 'national interest', an idea that is seemingly less understood in practice by African leaders who continue to look up to the more developed countries for help. The promises of foreign aid, loans and even technology transfer are abstractio­ns, if the (prospectiv­e) recipient country cannot heuristica­lly fashion-out its own developmen­t plans and implement them.

Many countries in Africa do not have strategic developmen­t agenda in their external engagement­s. The successive African leaders have remained beggarly. They seem to be waiting for the next invitation for summits, which are mainly fruitless for them by design. Africa's developmen­t will not be catalysed by foreign assistance; it would be brought about by a meticulous process of harnessing her abundant resources, which may be supplement­ed by foreign aid.

Efem N. Ubi, PhD, is a Senior Research Fellow and Head, Division of Internatio­nal Economic Relations, at the Nigerian Institute of Internatio­nal Affairs, Lagos.

Whereas these summits tend to have an element of good, I would contend that they are essentiall­y a relationsh­ip of superiorit­y and inferiorit­y, of superordin­ate and subordinat­e.

 ??  ?? Russian President Vladimir Putin welcoming African leaders to the Russia-Africa Summit last October in Sochi
Russian President Vladimir Putin welcoming African leaders to the Russia-Africa Summit last October in Sochi
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