With a land mass bigger than China, Europe, India, and the US together, African continent with its natural resources and human potential has become an emerging centre of world development, as well as a zone of clash of interests of all major geopolitical players. The European Union, the USA, China, India, Brazil, Turkey, the Gulf States, and many others have taken note of the potential in Africa’s transformation, and have mostly decided to increase their engagement. Africa has not yet risen to the top of Ukrainian business and political leaders’ agendas. It is time for Ukraine to understand that Africa is a significant part of its future. African countries will affect further global security and development challenges, as well as will open opportunities for Ukraine’s economic growth and influence. This article considers preconditions and perspectives of Ukraine-African cooperation, as well as ways of establishing win-win and self-sufficient relations between them.