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AEC Champions Russian Investment in Africa’s Energy 

April 2, 2025
Prince Agyapongby Prince Agyapong
in Extractives/Energy
0
NJ Ayuk, Chairman of the African Energy Chamber (AEC)

NJ Ayuk, Chairman of the African Energy Chamber (AEC)

NJ Ayuk, Chairman of the African Energy Chamber (AEC) has emphasized the crucial potential of Russian-African collaboration in shaping the evolving landscape of Africa’s energy sector. 

Delivering a keynote lecture titled “African Energy Agenda: Prospects and Challenges,” Ayuk highlighted key successes in Africa’s energy sector, stressing that empowerment—rather than mere assistance—is what Africa truly needs. 

“What Africa really needs is empowerment. It’s not the assistance, but the right to shape its future development.

“This affects, among other things, the energy sector.” 

NJ Ayuk, Chairman of the African Energy Chamber (AEC)

Ayuk emphasized that Russian energy companies, including Gazprom and Rosatom, have taken concrete steps toward strengthening Africa’s energy infrastructure.  

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He noted that Gazprom is actively exploring projects in gas motor fuel and compressed natural gas, while Rosatom has already commenced construction of a nuclear power plant in Egypt. 

These investments signal a growing interest in Africa’s energy potential from Russian stakeholders. 

“Russian-African cooperation in the energy sector has significant potential.

“Gazprom is looking at projects in the field of gas motor fuel and compressed natural gas, and Rosatom has started construction of a nuclear power plant in Egypt.” 

NJ Ayuk, Chairman of the African Energy Chamber (AEC)
Ayuk Champions Russian Investment in Africa's Energy
Ayuk Champions Russian Investment in Africa’s Energy

Ayuk’s speech was part of a broader event organized by the HSE Center for African Studies, with the support of the Roscongress Foundation.  

The event was moderated by Vsevolod Sviridov, Deputy Director of the Center for African Studies, and attended by academics, energy experts, and students. 

One of the critical challenges outlined during the event was the lack of reliable data on Africa’s energy sector. Sviridov presented findings from the Africa 2025: Prospects and Challenges handbook, highlighting the continent’s fragmented energy infrastructure. 

Without comprehensive data, African governments and energy investors struggle to implement long-term strategies for sustainable energy solutions.  

Ayuk acknowledged this as a major hurdle but pointed to Russia’s extensive experience in energy market analysis as a valuable resource for Africa’s development. 

“We need full-depth analysis of the African energy sector to understand the prospects of its long-term development.

“This is a big challenge that African governments and the private sector are currently facing. That is why we appreciate our partnership with Russian think tanks.” 

NJ Ayuk, Chairman of the African Energy Chamber (AEC)

He further described the Africa 2025 Handbook as a vital source of knowledge that informs policymaking, business decisions, and international cooperation in the energy sector. 

Russia Commits to Strengthening African Energy Ties 

Russian-African Energy Cooperation at HSE University
Russian-African Energy Cooperation at HSE University

Anastasia Likhacheva, Dean of the HSE Faculty of World Economy and International Affairs, reinforced Russia’s commitment to bridging Africa’s energy knowledge gap.  

She emphasized that Africa remains the world’s largest undeveloped energy market, and Russia is eager to collaborate in addressing key sectoral challenges. 

“Africa’s vast energy potential remains largely untapped, and there is a growing demand for expertise to navigate these challenges.

“Russia stands ready to assist in closing the knowledge gap and fostering long-term energy solutions.” 

Anastasia Likhacheva, Dean of the HSE Faculty of World Economy and International Affairs

Meanwhile, Andrey Maslov, Director of the Center for African Studies, closed the event by expressing his enthusiasm for continued collaboration between Russian and African energy stakeholders.  

He highlighted the importance of sharing knowledge and expertise to build a resilient energy sector in Africa. 

“For us, it’s a great pleasure to host the African Energy Chamber here at HSE University.

“We hope to continue the expert and analytical dialogue, conduct joint projects—including those involving students—and strengthen our cooperation in the future.” 

Andrey Maslov, Director of the Center for African Studies

The discussions at HSE University reaffirmed the importance of Russian-African cooperation in the energy sector.  

With Africa’s energy landscape evolving rapidly, strategic partnerships with experienced players like Russia could be instrumental in driving sustainable development.  

The session concluded on a positive note, emphasizing the need for deeper collaboration, increased knowledge-sharing, and greater opportunities for African youth in the energy space. 

Ayuk’s call for empowerment over assistance resonates with Africa’s growing push for self-reliance in energy development.  

As both Russia and African nations explore new avenues of cooperation, the prospects for a robust and sustainable African energy market appear increasingly promising. 

READ ALSO: AG Ayine, Tamakloe Accused of Enabling ECG Procurement Missteps 

Tags: Africa EnergyAfrican Energy ChamberAfrican resourcesEnergy investmentenergy sectorGazprom ProjectsRosatom Nuclear EnergyRussian-African CooperationSustainable Development
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