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ECA, African Peer Review Mechanism Sign MoU for Improved Cooperation

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By Modupe Gbadeyanka

The Economic Commission for Africa’s Acting Executive Secretary, Abdalla Hamdok, on Saturday signed a Memorandum of Understating with the African Peer Review Mechanism to establish a continuous partnership in support of the objectives and priorities of the African Union and the United Nations.

The APRM was established in 2003 by the New Partnership forAfrica (NEPAD) Heads of State and Government Implementation Committee (HSGIC) as an instrument for monitoring performance in governance among Member States. The APRM is a self-monitoring instrument and its membership is voluntary.

The mechanism’s primary objective is to foster the adoption of policies, values, standards and practices of political and economic governance that lead to political stability, accelerated sub-regional and continental economic integration, economic growth and sustainable development.

According to the MoU, the parties will, from time to time, agree on programmes and activities that will be carried out jointly, or by APRM with the support of ECA, as they seek to promote issues that will lead to good governance and inclusive growth on the Africa continent.

Mr Hamdok said the key areas of cooperation will focus on ECA’s support to the implementation of the APRM mandate, including implementation of the APRM Strategic Plan 2016-2020 and subsequent plans as may be developed in the future and all activities and missions relating to country review processes falling within the mandate of the APRM.

The activities will also include the monitoring and evaluation of the state of governance in reviewed countries, reinforcement of the role of the APRM as the monitoring organ for Agenda 2063 and the Sustainable Development Goals, campaign towards universal accession, enhanced role of the APRM in the effort to tackle illicit financial flows out of Africa and any other activities as may be agreed in the future.

“We are excited by the MoU and the prospects it brings for cooperation between the two organisations as we seek the best for Africa,” said Mr Hamdok.

The relationship between the two organisations in the MoU will be guided by principles including equality of partners, African-led and owned development, the pursuit of the AU and UN shared values and aspirations; and pursuit of the African transformation agenda.

The Executive Secretary of ECA and the Chief Executive Officer (CEO) of the APRM Secretariat will ensure that appropriate arrangements are made for the satisfactory implementation of this MoU and to promote close collaboration between the two institutions.

Meanwhile, President Uhuru Kenyatta earlier on Saturday chaired the 26th APRM Forum where he said Africa should take pride in the progress it has achieved in promoting good governance.

He said despite all the challenges facing Africa, there was so much to celebrate on the continent in terms of improved governance and rapid development especially in countries that are participating in the APRM forum.

“Various APRM member states continue to implement mega infrastructural projects with a regional and even continental dimension. These programs are a critical part of our regional integration agenda,” said Mr Kenyatta.

Earlier in the week Mr Steven Karingi, the Director of the ECA’s Capacity Development Division said in line with its mandate of promoting good governance in the continent and its comparative advantage in the UN system, in 2016 the ECA made strategic contributions in knowledge generation and capacity building to the APRM.

These include the secondment of a senior regional advisor to the APRM and undertook three studies on the impact of the APRM on Governance in APRM Participating African Countries; worked on a training manual on the harmonization of the APRM National Plan of Actions into other existing national development strategies and study on a Continental Monitoring, Evaluation & Reporting (MER) system.

Mr Karingi was speaking on behalf of Mr Hamdok at the 13th Meeting of the APRM Strategic Partners.

“It is exactly one year, since the launching of the revitalisation of the mechanism. Since then, under the leadership of his Excellency Mr Uhuru Kenyatta, and Chair of the APR Forum, with the strong support of the CEO of the Secretariat and the Panel of Eminent Persons, the mechanism has been injected with energy by reaching remarkable milestones in twelve months,” said Mr Karingi.

Five new countries were peer-reviewed this weekend such as Chad, Djibouti, Kenya, Senegal, and Sudan. This will be the first time in the APRM history that the second generation of reviews was launched and Kenya will be the pioneer the 2nd review generation.

The APRM is meant to encourage participating States to ensure that the policies and practices of those States conform to the agreed political, economic and corporate governance values, codes and standards, and achieve mutually agreed objectives in socio-economic development contained in the declaration on Democracy, Political Economic and Corporate Governance;

By joining the APRM, Member States agree to voluntarily and independently review their compliance with African and international governance commitments. Performance and progress are measured in four thematic areas: democracy and political governance; economic governance and management; corporate governance; and socio-economic development.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Apostle Femi Lazarus Emerges Most Streamed Podcast in Nigeria on Spotify

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Apostle Femi Lazarus

By Modupe Gbadeyanka

A report released by Spotify has revealed that in 2024, Apostle Femi Lazarus was the most streamed podcast on its platform, closely followed by Motivation Daily by Motiversity.

Podcasts are one of Africa’s favourite ways to tell stories. With almost 4 billion minutes of podcast audio played in Sub-Saharan Africa in 2024, the continent’s appetite for this content is loud and clear.

South Africa, Nigeria, and Kenya listened to the most shows this year, with South Africa contributing over 2 billion minutes. If you started playing podcasts on one device today, it would make for about 30 centuries of listening.

“The numbers don’t lie. Podcasting is here to stay because it lets creators take control of their narratives and tell these stories on their terms while bringing their community along for the journey,” the Sub-Saharan Africa Podcast Manager for Spotify, Ncebakazi Manzi, stated.

Motivational shows around issues like managing finances, relationships, personal goals and health remain popular across the three leading countries. Shows like “The Diary Of A CEO with Steven Bartlett”, “Motivation Daily by Motiversity” and “The Success Addicted Podcast” have attracted listeners who want to get their lives in order and learn from the stories of inspirational people.

Audiences in Nigeria and South Africa embrace shows about spirituality. “Christian Motivation” had one of the most shared episodes in South Africa while “Apostle Joshua Selman” maintained his popularity in Nigeria for another year. As the continent’s second-largest podcast market, Nigeria listened to 700 million minutes in 2024 and it created half of the new shows published in Sub-Saharan Africa this year.

Even though spirituality dominated Nigeria’s top charts, the continued popularity of shows like “I Said What I Said” and “The HonestBunch Podcast” tell us that listeners also want conversation-style shows. Listeners in Kenya and South Africa also showed an affinity toward these shows.

A good laugh with friends

The “ShxtsnGigs” podcast, an opinion show hosted by two best friends James and Fuhad, tapped into audiences’ hunger for conversational shows. The humorous podcast has made its way to the top charts in six of the top 10 podcast-playing African countries. In Kenya, The 97s Podcast has been inspired by this approach where funny and frank chats between hosts Trevor, Frank and Dante have led the podcast to take the number-one spot in the country for the first time.

Kenya’s broader listening data shows that relationships are a meaningful taking point. Seven of the 10 most shared episodes in the country discuss love, sex lives and dating. Julia Gaitho’s “So This Is Love” holds three out of the top five most shared podcast episodes in the country. Her interviews resonated because she draws lessons from her guest’s stories about lost lovers.

Some listeners just wanted to laugh through the pain. Ensemble shows like “Mic Cheque Podcast” and “The Sandwich Podcast” made Kenyans feel like they were hanging out with a close circle of friends. When difficult topics come up, moments of infectious laughter help lighten the mood.

Women creators like Murugi Munyi, Julia Gaitho, Sharon Machira and Lydia K.M. take this comedic approach to a new level on shows like “The Messy Inbetween” and ‘It’s Related, I Promise’. This genre contributed heavily to the country’s 400 million podcast minutes streamed in 2024.

Below are the most streamed and shared podcasts for the year;

 

TOP SHARED PODCAST EPISODES IN SOUTH AFRICA

TOP SHARED PODCAST EPISODES IN KENYA

TOP SHARED PODCAST EPISODES IN NIGERIA

  1. Serial Killers – Killer Nurse Kristen Gilbert

  2. True Crime News: The Podcast – Pam Hupp charged with murder of Betsy Faria

  3. The Diary of a CEO – The Happiness Expert That Made 51 Million People Happier

  4. The Joe Rogan Experience – #2152 – Terrence Howard

  5. The Joe Rogan Experience – #2219 – Donald Trump

  1. The Sandwich Podcast – MAISHA YA STUNNA Ft (LIL MAINA)

  2. So This Is Love – Melody and Kev ep1

  3. So This Is Love – Mathew & Scarlet – S4 | E1

  4. So This Is Love – Njoki & Njue – S4 | E2

  5. Heart II Heart With Mike and Shiko – EP 1 | Genesis – How it all began

  1. David’s Christian Centre – Worship with Minister Dunsin Oyekan (A) | Mainland

  2. Apostle Femi Lazarus – Trauma

  3. Apostle Femi Lazarus – How To Deal With Pain That Is Not Going Away

  4. Success Addicted Podcast with the voice of Earl Nightingale ; Napoleon Hill ; Jim Rohn and many more – How To Start Working On Your Goals and Visions, Even If You Don’t Like This (Proven Strategies and Hacks) | Jim Rohn

  5. Apostle Femi Lazarus – Trauma & Marriage

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Watt Renewable Secures $15m Loan for Hybrid Solar Power Plants in Nigeria

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Oluwole Eweje WATT Renewable Corporation

By Dipo Olowookere

A $15 million debt facility has been obtained by Watt Renewable Corporation from the AfriGreen Debt Impact Fund to finance hybrid solar power plants to be built and operated by the former, especially in Nigeria.

WATT intends to use the projects to serve commercial and industrial clients in Nigeria, particularly in the telecommunication and financial services sectors.

By integrating solar hybrid solutions, the firm aims to significantly reduce diesel consumption and CO2 emissions, enabling its clients to achieve substantial energy cost savings while promoting environmental sustainability.

As a pioneer in renewable energy solutions, WATT continues to drive innovation in Nigeria’s energy sector.

The company’s robust roll-out plan includes deploying hundreds of hybrid solar power sites nationwide to meet the growing energy demands of commercial & industrial clients.

This strategic expansion aligns with WATT’s vision to revolutionize energy access across Africa, enabling sustainable development and reducing reliance on fossil fuels.

The funds from AfriGreen provide the critical capital needed to accelerate WATT’s ambitious projects, strengthening its market position and empowering businesses with reliable and affordable energy solutions.

Business Post gathered that to mitigate the currency risk for WATT in the event of devaluation of the Nigerian Naira, AfriGreen is offering a local currency facility that matches the payment structure of the power purchase agreements.

“We are thrilled to partner with AFRIGREEN on this transformative journey to expand reliable and sustainable energy solutions across Africa.

“With this support, it enables us to accelerate our shared mission of providing hybrid solar power to businesses, reducing carbon emissions, and supporting economic growth while enhancing energy security for our clients,” the Managing Director of WATT, Mr Oluwole Eweje, said.

“We are delighted to support WATT in rolling out hundreds of hybrid sites across the country.

“This represents another key transaction for AFRIGREEN in Nigeria. The combination of high energy prices, good solar irradiation, and strong demand from industrial and commercial energy users makes this market particularly attractive for companies like WATT.

“By leveraging these favourable market conditions alongside WATT’s exceptional operational performance and a well-structured financing solution, we are setting the stage for a strong and lasting business partnership,” the Managing Director of AfriGreen, Mr Alexandre Gilles, stated.

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NMDPRA Denies Restricting Gas Supply to Gencos

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ANOH Gas Plant

By Adedapo Adesanya

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has denied issuing a directive that gas supply to power generating companies (GenCos) be halted.

In a statement on Wednesday, the authority also denied instructing wholesale gas suppliers to stop further supply of gas to companies due to failure in payment obligations.

The NMDPRA described reports stating that it has directed the stoppage of gas supply to GenCos over N2 trillion debt as “false and completely unfounded”.

“It has absolutely no bearing on the information shared at a recent stakeholders’ engagement held in Lagos between the Authority, the OPTS, IPPG and other stakeholders in the oil and gas industry,” the NMDPRA said.

“The purpose of the engagement was to sensitise stakeholders on the requirements, opportunities and benefits associated with the implementation of the wholesale supply license as provided by sections 142 and 197 of the Petroleum Industry Act (PIA) 2021.

“It was a follow-up to an earlier stakeholder engagement held at the NMDPRA corporate headquarters in Abuja on November 27, 2024.

“The Authority wishes to reassure all our stakeholders and indeed the general public that at no time was the false statement made at that event and anywhere else, and are advised to completely disregard the publication as every effort is being made to ensure that the supply and distribution of natural gas and petroleum products to end users is seamless and unabated as we head into the festive season and indeed all through the coming year 2025.”

Recall that Nigeria’s national grid experienced another collapse on Wednesday, the 11th time in 2024 as Gencos couldn’t generate enough power, compounding issues facing the Nigerian power sector.

This was the first time in over a month as the last time the nation witnessed a nationwide shutdown in electricity supply was on November 7, 2024.

Before then, the country was experiencing an incessant collapse of the grid, which prompted the federal government to set up a team to address the issue.

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