The Russian city of Sochi will host the first Russia-Africa Summit in October, Egypt's foreign ministry announced on Tuesday.

The summit will be jointly chaired by Egyptian President Abdel-Fattah El-Sisi, the current chair of the African Union (AU), and Russian President Vladimir Putin, a ministry statement said.

The summit will bring together all of Africa's heads of state and the heads of major regional organisations.

It will focus on the horizons for relations between Russia and African countries, and how to foster political, economic, artistic and cultural cooperation between them.

The agenda will also address other joint efforts to face evolving challenges and threats, in addition to ways to boost regional stability, the statement read.

The summit is expected to adopt a political declaration about the main fields of cooperation between Russia and African countries.

El-Sisi and Putin will also inaugurate an economic forum in Russia on 23 October, with the participation of African and Russian officials, and representatives of major corporations.

The statement said that the forum would conclude in the signing of a number of important commercial, economic and investment deals.