General
Rabiu, Sanni, Elumelu, Others for Africa CEO Forum 2020
By Modupe Gbadeyanka
Many prominent figures in the business world across the continent have already confirmed their participation for the prestigious Africa CEO Forum 2020 taking place in Abidjan, Cote d’Ivoire on March 9 and 10.
This is going to be the eighth edition of the largest international gathering of the African private sector with the role of capitalism sparking intense debate around the world and as the need to “do good” becomes increasingly pressing in Africa.
A statement from the organisers said 1,800 leading decision-makers from industry, finance and politics will come together in Abidjan to boost the impact of African companies and set the tone of the discussions and meetings.
For two days, the Africa CEO Forum 2020 will drive public-private dialogue forward by providing a platform where economic leaders and public-sector representatives can discuss key sectoral challenges, as well as stimulate, as it does year after year, significant transactions in favour of the regional and pan-African growth of the private sector and the development of the continent in general.
Some of those expected at the event include Philippe Le Houérou, CEO of IFC; Abdulsamad Rabiu, Executive Chairman of BUA Group; Alain Law Min, CEO of Mauritius Commercial Bank; Amadou Hott, Minister of Economy of Senegal; Tony Elumelu, Chairman of Heirs Holding; Mohamed Mohsen, CEO of Arab Contractors; Albert Yuma, Chairman of Gécamines; Diane Karusisi, CEO of Bank of Kigali; Jean Kacou Diagou, Chairman of NSIA; and Toyin Sanni, CEO of Emerging Africa Group.
Others are Sérgio Pimenta, VP Africa and Middle-East of IFC; Richard Bielle, Chairman of the Management Board of CFAO; Mohamed El Kettani, CEO of Attijariwafa Bank; Colin Mukete, CEO of Spectrum Group; Kuseni Dlamini, Chairman of Massmart; Jean-Pierre Dalais, Group Chief Executive of Ciel Ltd; and Rita Maria Zniber, CEO of Diana Holding.
Also confirmed for the forum include Manuel Mota, CEO of Mota-Engil; Anne Rigail, CEO of Air France; Austin Avuru, CEO of Seplat; Zouhair Bennani, CEO of Label’Vie; Abdoulaye Magassouba, Minister of Mines & Geology of Guinea; Sacha Poignonnec, Co-CEO and Co-Founder of Jumia; Peter Matlare, Deputy CEO of Absa Group; Peter Njonjo, CEO of Twiga Foods; Hassanein Hiridjee, CEO of Axian Group ; Karim Lofti Senhadji, CEO of OCP Africa and Alioune Ndiaye, CEO Middle-East and Africa of Orange.
Growing inequality, the advent of climate risk, technological revolutions and resurgent protectionism: at a time when these four major disruptions are turning the global private sector upside down and pointing to capitalism’s fundamental transformation worldwide, the leaders of Africa’s economy and largest companies have been slow to participate in the topical discussion surrounding “capitalism and the common good”.
Nonetheless, there is another side to the story of African business: on the continent, more than anywhere, the private sector is demonstrating that “doing business” and “doing good” can be one and the same. There, telecom providers are promoting financial inclusion, investors are developing distributed solar energy facilities, agribusiness is prioritising on-site supply and processing: such examples of “business for good” are gradually becoming commonplace in Africa.
Given this issue critical to Africa’s development and following on the Africa CEO Forum 2018, which covered the impact of digital technology, and the Africa CEO Forum 2019, which covered the best approach to take to ensure the success of the African Continental Free Trade Area.
Some of the issues to be thoroughly discussed are should Africa’s private sector integrate strategic priorities such as the fight against growing inequality, environmental battles, job creation, youth inclusion, etc.? How can these objectives be reconciled with competitiveness challenges? What role do companies and their leaders play in view of the changes underway and are they equipped to deal with them? How can the digital tidal wave be transformed into an impact accelerator?
“Convinced that the world’s major companies must – and can – bring about a paradigm shift, MCB is proud to participate in the Africa CEO Forum’s initiative to create a new movement promoting common-good capitalism. Painting a new horizon for the African private sector is a strategic priority at a time when the inequality gap continues to widen, imbalances remain significant and environmental risk grows.
“CSR is today a major issue for African companies who are increasingly being assessed on their actions in this area. We also believe that it is a tremendous source of opportunities for Africa’s development, requiring a greater collaboration between public and private sectors. It is that dynamic that we want to significantly boost,” commented Alain Law Min, CEO of MCB.
General
US Suspends Immigrants Visa for Nigerians, 74 Others
By Adedapo Adesanya
Nigeria is among 75 countries the US government will suspend the processing of immigrant visas for its citizens.
According to the US State Department, the citizens of the 75 countries are those whose nationals are deemed likely to require public assistance while living in the United States.
The State Department, led by Secretary Marco Rubio, said it had instructed consular officers to halt immigrant visa applications from the countries affected in accordance with a broader order issued in November that tightened rules around potential immigrants who might become “public charges” in the US.
Business Post gathered that alongside Nigeria are Afghanistan, Albania, Algeria, Antigua and Barbuda, Armenia, Azerbaijan, Bahamas, Bangladesh, Barbados, Belarus, Belize, Bhutan, Bosnia, Brazil, Burma, Cambodia, Cameroon, Cape Verde, Colombia, Cote d’Ivoire, Cuba, Democratic Republic of the Congo, and Dominica.
Others include Egypt, Eritrea, Ethiopia, Fiji, Gambia, Georgia, Ghana, Grenada, Guatemala, Guinea, Haiti, Iran, Iraq, Jamaica, Jordan, Kazakhstan, Kosovo, Kuwait, Kyrgyzstan, Laos, Lebanon, Liberia, Libya, Macedonia, Moldova, Mongolia, Montenegro, Morocco, Nepal, Nicaragua, Pakistan, Republic of the Congo, Russia, Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Senegal, Sierra Leone, Somalia, South Sudan, Sudan, Syria, Tanzania, Thailand, Togo, Tunisia, Uganda, Uruguay, Uzbekistan, and Yemen.
The suspension, which will begin on January 21, will not apply to applicants seeking non-immigrant visas, or temporary tourist or business visas.
“The Trump administration is bringing an end to the abuse of America’s immigration system by those who would extract wealth from the American people,” the department said in a statement.
“Immigrant visa processing from these 75 countries will be paused while the State Department reassess immigration processing procedures to prevent the entry of foreign nationals who would take welfare and public benefits.”
President Donald Trump’s administration has already severely restricted immigrant and non-immigrant visa processing for citizens of dozens of countries, many of them in Africa.
General
Nigeria Hires $9m American Lobby Firm to Counter Christian Genocide Claims
By Adedapo Adesanya
Nigeria has reportedly engaged the services of a Washington-based lobbying firm, DCI Group, in a $9 million contract aimed at communicating its efforts to protect Christians in Nigeria to the United States government.
According to The Africa Report, the amount appears to be a record for African lobbying in the US capital, citing documents filed with the US Department of Justice by Aster Legal, a Kaduna-based law firm, acting on behalf of National Security Adviser (NSA), Mr Nuhu Ribadu.
The agreement, signed on December 17, 2025, between Mr Oyetunji Olalekan Teslim, Managing Partner of Aster Legal, and Mr Justin Peterson, Managing Member of DCI Group, authorises the US firm to assist the Nigerian government “in communicating its actions to protect Nigerian Christian communities and maintaining US support in countering West African jihadist groups and other destabilizing elements.”
Under the terms of the contract, DCI Group will receive $750,000 monthly, amounting to $9 million over 12 months. The deal runs initially for six months, until June 30, 2026, with an automatic renewal clause for another six-month period.
A clause in the agreement also allowed either party to terminate the deal “for any reason without penalty” by giving 60 days’ advance written notice.
It was reported that on December 12, 2025, Nigeria paid DCI Group 50 per cent or $4.5 million prepayment covering the first six months of the retainership agreement. A second installment is due at the end of the initial contract period.
This comes amid recent threats by US President Donald Trump to invade the country after its redesignation of Nigeria as a “country of particular concern,” citing alleged attacks against Christian communities. However, the Nigerian government has repeatedly denied claims of a Christian genocide, insisting that violence in the country affects all regardless of their affiliations.
Following an engagement late last year, the federal government pledged to “engage with the American government through diplomatic and legal channels” to address the allegations. Since late November, the US has been conducting intelligence-gathering flights over large parts of Nigeria.
On Christmas Day, the US military launched airstrikes against Islamic State (IS) terrorist enclaves in Bauni Forest, Tangaza Local Government Area of Sokoto State, marking a significant escalation in US counterterrorism involvement in Nigeria.
On Tuesday, the US delivered critical military supplies to Nigeria to bolster the country’s operations, the US military’s Africa Command (AFRICOM) said.
General
Nigeria, UAE Seal Trade Pact, to Co-host Investopia
By Adedapo Adesanya
President Bola Tinubu has said Nigeria would co-host Investopia with the United Arab Emirates (UAE) in Lagos in February, an initiative aimed at attracting global investors and accelerating sustainable investment inflows.
President Tinubu made this announcement on the sidelines of the 2026 Abu Dhabi Sustainability Week (ADSW), where Nigeria also concluded a Comprehensive Economic Partnership Agreement (CEPA) with the UAE to deepen trade and cooperation in renewable energy, infrastructure, logistics, and digital trade.
“We warmly invite our partners to join us and help build the next chapter of sustainable and shared prosperity for Nigeria, Africa, and the world, ” President Tinubu said.
He described CEPA as a historic and strategic agreement that will also enhance cooperation in aviation, logistics, agriculture, and climate-smart infrastructure, creating enduring opportunities for the people of the two countries, stating that Investopia will bring together investors, innovators, policymakers, and business leaders to transform opportunities into commitment and ideas into investment.
Mr Tinubu told the summit that Nigeria aims to mobilise up to $30 billion annually in climate and green industrial finance as it accelerates energy transition reforms and expands nationwide electricity access.
“The foundation of every modern economy is electricity. As an emerging economy in the Global South, we understand the delicate balance between industrialisation and decarbonisation, ensuring neither is pursued at the expense of the other.
”We are calling for a fundamental shift in the global financial architecture: a move away from the restrictive requirement of sovereign guarantees, which unfairly penalise developing economies.
”Instead, the focus should be on blended finance and first-loss capital mechanisms that allow private sustainable capital flows directly into our green projects without further straining national balance sheets,” he said.
According to President Tinubu, Nigeria has strengthened its climate governance framework with the adoption of a National Carbon Market Activation Policy and the launch of a National Carbon Registry.
He explained that these measures are aimed at improving transparency and investor confidence.
Mr Tinubu highlighted the Electricity Act 2023 as a central pillar of Nigeria’s energy reforms, noting that it enables decentralised power generation and distribution to underserved communities.
He added that Nigeria’s climate investment drive includes a $500 million distributed renewable energy fund backed by the Nigeria Sovereign Investment Authority, as well as a $750 million World Bank programme expected to expand clean electricity access to more than 17.5 million people.
President Tinubu reaffirmed Nigeria’s target of net-zero emissions by 2060, under its Energy Transition Plan, while pursuing industrial growth and universal energy access.
He invited foreign investors to partner in Nigeria’s lithium and critical minerals sector, stressing that the government prioritises local processing and value addition.
President Tinubu noted that Nigeria’s ongoing economic reforms are producing tangible results, including a 21 per cent growth in non-oil exports.
”These reforms, alongside wider fiscal and monetary measures, are delivering results. Non-oil exports have grown by 21 per cent, supported by a more diversified product base. Capital importation has risen, and Nigeria now has over 50 billion dollars in investment commitments across key sectors.
”We are ready to work with partners across the world to ensure that the next era of development is not only green and inclusive, but just and enduring,” he said.
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