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new africa

Tinubu to visit France, Kenya, Rwanda for strategic summits

President Bola Ahmed Tinubu will on Saturday, May 2, depart Abuja on a three nation diplomatic trip to France, Kenya and Rwanda aimed at deepening Nigeria’s global partnerships and attracting investment. The visit will focus on economic growth, climate action, digital transformation and high level business engagement. According to a statement by his Special Adviser on Information and Strategy, Bayo Onanuga, Tinubu’s first stop will be in France. From there, he will proceed to Nairobi, Kenya, to participate in the Africa France Summit scheduled for May 11 to 12. The summit, co chaired by French President Emmanuel Macron and Kenyan President William Ruto, is themed “Africa Forward: Africa France Partnerships for Innovation and Growth.” It will address energy transition, green industrialisation, digital transformation, climate action and the restructuring of the global financing system. The Presidency said Tinubu will use the […]

Abdulmumini Auwal SA May 2, 2026

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Togo

MIGA Backs $1.65bn Energy Push in Africa

Le Groupe de la Banque mondiale, via son agence de garantie MIGA, a signé un accord-cadre avec le développeur énergétique AMEA Power pour mobiliser jusqu’à 1,65 milliard de dollars en faveur de 23 projets, dont plusieurs en Afrique, notamment au Togo. Dans le cadre de cet accord, la MIGA prévoit d’accorder jusqu’à 1,48 milliard de dollars de garanties. Ces mécanismes visent à sécuriser des investissements en fonds propres, quasi-fonds propres ainsi que des prêts d’actionnaires. Ils couvrent divers risques, notamment les instabilités politiques, les restrictions sur les transferts de devises, les expropriations ou encore les ruptures de contrat. Ce dispositif a pour objectif principal de faciliter l’accès au financement dans des environnements perçus comme risqués. Selon Hussain Al Nowais, ce partenariat permettra d’accélérer le déploiement de capitaux et de soutenir la réalisation de projets d’infrastructures énergétiques à grande échelle. Le […]

Abubakar April 13, 2026

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Nigeria

Radda Urges Corps Members To Settle, Invest In Katsina

Katsina State Governor Dikko Umaru Radda has called on National Youth Service Corps (NYSC) members posted to the state to consider settling down and investing in Katsina after their service year. He said the state is witnessing improving security and expanding economic opportunities, making it a viable place for young graduates to start careers, businesses and families. Radda, who described Katsina as a home of hospitality and heritage, assured corps members of his administration’s commitment to providing a conducive and secure environment. He noted that recent investments in education, skills acquisition programmes and youth empowerment are designed to help young people become self reliant and productive. The governor highlighted the role of NYSC members in bridging manpower gaps in key sectors such as education and healthcare across the state. According to him, Katsina would not have achieved its current level […]

Abdulmumini Auwal SA April 1, 2026

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Nigeria

How manufacturing sector can grow in 2026 — experts

Experts say Nigeria’s manufacturing sector can grow in 2026 if government delivers macroeconomic stability, effective tax incentives and better access to affordable credit. They argue that easing inflation, stabilising the naira and lowering interest rates will help factories plan, invest and boost capacity.​ The Manufacturers Association of Nigeria notes that recent reforms and the new tax laws offer an opportunity to reset the real sector, but only if they are properly implemented. It says manufacturers need a predictable policy environment, faster execution of incentives and less bureaucracy to unlock new investment.​ Key recommendations include creating a Manufacturing Refinancing and Rediscounting Facility to allow banks refinance approved loans at single digit rates for up to seven years. Stakeholders also want lower benchmark interest rates over the next two quarters to make bank credit more affordable for factories.​ Experts further propose a […]

Abdulmumini Auwal SA January 13, 2026

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international

UNICEF Urges Massive Investment in Digital Skills as Youth Population Surges

The United Nations Children’s Fund (UNICEF) has called for urgent, large-scale investment in digital skills to prepare Nigeria’s rapidly expanding youth population for the jobs of the future. Speaking at a media dialogue in Lagos, UNICEF’s Chief of Field Office, Celine Lafoucriere, warned that failure to act now could deepen inequality and undermine Nigeria’s development. By 2030, Nigeria will be home to an estimated 126 million children, making it one of the world’s youngest nations. Over 28 million children are already out of school, and 15% of Nigerian girls aged 15–24 are neither in school, employment, nor training. This digital gap, driven by poor infrastructure and limited device access, is a critical obstacle. UNICEF has helped train 62,000 girls in digital skills but says far larger investment is needed across infrastructure, teacher training, learning environments, and technology access. Media and […]

Abdulmumini Auwal SA November 26, 2025

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international

Court Issues Arrest Warrant for Miss Universe Co-Owner

A Thai court issued an arrest warrant for Anne Jakapong Jakrajutatip, the co-owner of Miss Universe, following fraud allegations linked to a $930,000 investment dispute with a plastic surgeon. The court said she invited the plaintiff to invest in JKN Global Group despite knowing she couldn’t repay the money. Jakapong failed to appear in court as the verdict was scheduled, with officials considering her actions an attempt to flee. The judgement is now set for December 26, 2025. Jakapong’s company, JKN Global, co-owns Miss Universe and has been mired in financial controversies, including share delisting from the Stock Exchange of Thailand due to accounting issues. Reports suggest she flew to Mexico amid the legal woes. Miss Universe 2025 concluded in Bangkok amid scandals, including drama involving the host and new winner Miss Mexico. The Miss Universe Organization says these legal […]

Abdulmumini Auwal SA November 26, 2025

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Nigeria

Dangote Commits $700 Million to End Nigeria’s Sugar Importation

Dangote Sugar Refinery has committed over $700 million to secure land, install machinery, build infrastructure, train manpower, and support host communities, aiming to end Nigeria’s dependence on imported raw sugar. Group CEO Ravindra Singhvi announced the investment at the Lagos International Trade Fair, emphasizing aggressive execution of sugar backward integration and the launch of new product sizes (100g, 250g, 500g, 1kg). Fatima Aliko-Dangote, Dangote Group Executive Director, highlighted full industrialization and value addition as key to Nigeria’s economic diversification, job creation, and building ancillary industries. The conglomerate will expand the Dangote Petroleum Refinery’s capacity, boost fertiliser and polypropylene production, and drive wider economic growth. The initiative is seen as a major milestone for Nigeria, supporting the rise of local manufacturing, improved agro-industry output, and the reduction of multi-billion-dollar import bills. Dangote’s ongoing investments underscore its strategic role as a stabilizing […]

Abdulmumini Auwal SA November 13, 2025

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Entertainment

Joke Silva Urges Action to Restore Tinapa Film Village

Veteran actress Joke Silva has called on the Nigerian government and stakeholders to revive the Tinapa Film Village in Calabar. She expressed concern about the neglected state of the facility, which was built to boost filmmaking, tourism, and entertainment in Nigeria. Speaking in Abuja, Joke Silva noted that Tinapa was designed as a major center for film production, complete with world-class studios and housing for filmmakers. However, she lamented that the site is now underused and its amenities are deteriorating. “It is sad to see Tinapa, which was created with so much hope, not living up to its original vision,” she said. “The film village had the potential to change Nigeria’s movie industry and offer jobs to many young people.” Tinapa Film Village was envisioned in the early 2000s to help make Cross River a leading destination for creativity and […]

Abdulmumini Auwal SA November 7, 2025

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Economy

Africa Could Become World’s Fourth Largest Economy by 2050 – WTO

The World Trade Organisation (WTO) has projected that Africa could become the world’s fourth largest economy by 2050 if it fully harnesses its population growth, resources, and trade potential. WTO Director-General Ngozi Okonjo-Iweala said in an interview with CNN that trading within Africa remains far more expensive than with other regions, with intra-continental trade costs estimated to be about 20 percent higher. “It costs 20 percent more for us to trade with each other on the continent than with others externally,” she said, linking this to poor infrastructure, inefficient border management, and high transport costs. Despite these challenges, Okonjo-Iweala said Africa’s economic outlook remains promising. “The African continent has a lot of resources and a lot of things going for it. But there are also many challenges,” she noted. WTO data shows that only 18 percent of Africa’s exports remain […]

Abdulmumini Auwal SA November 5, 2025

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Nigeria

Visit Nigeria Initiative Launched to Promote Tourism and National Image

A new national movement called the Visit Nigeria Initiative has been launched to reshape global perceptions of Nigeria and strengthen connections with the diaspora. Endorsed by the Federal Government, the initiative aims to position Nigeria as a top destination for tourism, culture, and investment. In a statement shared with The Guardian, the initiative’s Communications Office said the project was unveiled at a private event in Abuja. During the event, British-Nigerian strategist and author Charmaine Hayden was announced as the first Brand Ambassador. Hayden, known as a cultural commentator and former fund manager, has been recognized among the Financial Times’ 100 BAME Tech Leaders and Forbes’ Top 25 Black British Business People. She is the founder of the UK-Ghana Investor Group and advises several African governments on foreign investment strategies. The Visit Nigeria Initiative is described as a long-term platform combining […]

Abdulmumini Auwal SA November 2, 2025

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