The first ever Russia-Africa Summit will be held in Sochi in October 2019. The Decree No. 74 on holding the Summit and other events with the participation of Heads of African States was signed by the President of Russia Vladimir Putin on February 25, 2019. Aide to the Russian President on Foreign Affairs, Yuri Ushakov, was appointed Chairman of the Organizing Committee, which membership is to be finalized within a month of signing the presidential decree.

Roscongress Foundation, a major organizer of congress and exhibition events in Russia and beyond, was assigned to be the operator of the Summit and the corresponding events. On 11 March, Roscongress Foundation and Intexpertise LLC agreed on cooperation between their organizations. The signed document envisages joint work for the creation and promotion of the Russia-Africa: Shared Vision 2030 Report, including the organization of the expert collaboration network.

In addition, as part of the Report's preparation, expert roundtables and side events are to be arranged with participation of Intexpertise representatives within the St. Petersburg International Economic Forum (6–8 June) and the first Russia-Africa Economic Forum, which is timed to coincide with the Russia - Africa Summit (October, Sochi).

It is expected that the first Russia-Africa Economic Forum, held as a part of the Russia-Africa Summit in Sochi, will be attended by representatives of international business and government structures of Russia and Africa.

The idea of holding the first Russia-Africa summit was first initiated by the Russian President Vladimir Putin on the margin of the BRICS summit in Johannesburg in July 2018. The decision was preceded by a long process of negotiations that took about 10 years, starting with the first (and so far the only) trip of the Russian President to sub-Saharan Africa. By 2019, the favorable atmosphere has finally emerged — nowadays, Russia is showing a great interest in forming new international alliances as it never did before, meanwhile, Africa has become one of the world's most rapidly developing economic regions.

The Russia–Africa summit will be the first in a series of incrementally upscaled multilateral activities under the aegis and direction of the Russian Ministry of Foreign Affairs, the Russian Ministry of Energy, the Russian Ministry of Economic Development, as well as legislative bodies and public organizations. Earlier, China, USA, EU, India, France, Turkey, Japan, and South Korea have already held events within that type of format.

The decision to organize the Russia-Africa summit was a natural outcome of the increased interest in cooperation from both sides that has been witnessed over the past decade. The Summit and other high-level events require achievement of a certain point of mutual relations, in which Russia and African countries have already accumulated considerable experience in local partnerships, joint projects and effective communication on certain issues on the world stage and also outlined problems that must be solved for the subsequent growth of cooperation.