World
39 million Africans May Fall into Extreme Poverty—Adesina
By Aduragbemi Omiyale
The President of the African Development Bank (AfDB), Mr Akinwumi Adesina, has warned that about 39 million Africans could fall into extreme poverty in 2021.
The respected banker said this in an exclusive interview on CNN’s First Move with Julia Chatterley, recently, noting that the COVID-19 pandemic has further exposed the challenges facing the continent.
He, therefore, called on the world, especially the advanced economies, to come to the aid of Africa, which is finding it difficult to vaccinate its over one billion population.
“Last year, we had 30 million people went into extreme poverty. This year if that trend continues, 39 million people going into extreme poverty, hunger and all of that,” he warned.
Lockdown effect on Africa
The former Minister of Agriculture in Nigeria under the administration of former President Goodluck Jonathan said the restriction of movements last year affected the continent.
“If you look at it, during the pandemic, it started with the lockdowns. The lockdowns had a lot of impact on poor people.
“Social distancing was impossible because a lot of people were living in very poor neighbourhoods, very poor ventilation.
“For many people, they have the risk of dying from hunger than actually from dying from the Covid-19 situation.
“So, when people who don’t have access to food, who don’t get access to work because a day without work is a day without food. And so, that will actually create unrest, because citizens get so nervous and so upset and young people have lost a lot of jobs. And so, a lot of work has to be done. For us, it’s how do you build back. Making sure you have economic resilience,” he told CNN.
Vaccines for economic recovery
However, he expressed optimism that the rollout of vaccines in Africa could quicken economic recovery, commending the COVAX facility, which is making provision of the jabs to African nations for free.
“The issue is that’s not all just negative, we project that Africa will grow back. We project 3.4 per cent grow back this year, but all of that is conditional on two things, one is access to vaccines, secondly the issue of debt.
“On the issue of access to vaccines, earlier on this show, I was listening to that, that is actually a big problem for us because we don’t have that luxury.
“So far, 14.6 million vaccines have been delivered in Africa. And people can’t even get shots in their hands. And that 14.6 million is only one per cent of what we need actually to get to 60 per cent of herd immunity.
“We are way off the mark on that. I think that’s important to improve access of Africa to vaccines. We need to have vaccine solidarity, COVAX is doing a great job, but the amounts are still minuscule as far as we are concerned,” he said.
The prospect of herd immunity in Africa
On the possibility of having herd immunity in Africa, Mr Adesina said, “The faster we get the vaccines, the better. I just told you that we’ve got only one per cent right now in terms of people getting the jabs in their hands.
“So, to get herd immunity, you need 60 per cent. So, you’re looking at least 840 million doses. So, it’s going to take — I don’t see that happening for another year or two because of the slow pace of producing the vaccine and getting them out.
“It just going to be very, very difficult and I’m quite concerned about that. And of course, the longer it takes for Africans to get vaccinated, of course now you see Europe saying you can’t travel if you don’t have the vaccine passports, people are going to think Africa is the last zone to get access to vaccines. I don’t want that to happen.
“So, for us at the African Development Bank, we also have to look beyond the current situation, looking medium term and also long term.”
Vaccine production in Africa
Concerning the prospect of the vaccines being produced on the continent, the AfDB chief wondered why “that 1.4 billion people have to be running from pillar to post looking for vaccines.
“We at the African Development Bank have therefore decided that we’re going to support Africa to have quality health care infrastructure and also make sure that it develops its own pharmaceutical capacity. We ought to be producing vaccines in Africa.”
Economic outlook
Mr Adesina said, “The GDP (gross domestic product) of Africa went down by $175 billion. We’ve never seen anything like this before. We projected last year -2.1 per cent that is the lowest growth rate in 50 years in Africa. You don’t see the virus, but the effects of it, it’s just so mind-boggling.
“We project that Africa will grow back. We project 3.4 per cent grow back this year.”
World
Africa Takes Centre Stage as Addis Ababa Hosts the World Public Summit
By Kestér Kenn Klomegâh
For the first time in its history, the World Public Summit will be held on the African continent. On 29–30 July 2026, Addis Ababa, the capital of Ethiopia, will host the World Public Summit. Africa — “A New World: Africa in Shaping a Shared Future.”
The Summit is organised by the World Peoples Assembly in cooperation with African partner organisations. It will bring together leaders of public diplomacy, representatives of international intergovernmental and non-governmental organisations, academics, experts, representatives of the education and cultural sectors, youth leaders, socially responsible businesses, media professionals, and civil society institutions from across Africa and other regions of the world.
The World Public Summit. Africa continues the work initiated during the First World Public Assembly “A New World of Conscious Unity,” held in Moscow in September 2025, and serves as one of the key milestones in preparation for the Second World Public Assembly “A New World: Values That Unite,” which will take place in Moscow on 18–19 September 2026.
Today, Africa is emerging as one of the principal centres of global development. Rapid demographic growth, expanding entrepreneurship, strengthening regional integration, rich cultural heritage, and the growing role of civil society institutions make the continent an increasingly important contributor to the future architecture of international cooperation.
The Summit will focus on issues of genuine sovereignty and sustainable development, public diplomacy, preservation of cultural and historical heritage, international cooperation in education and science, youth engagement, innovation-driven development, creative industries, and the formation of new partnerships among countries and peoples.
The main business programme of the Summit will take place on 30 July 2026 at the headquarters of the United Nations Economic Commission for Africa (UNECA) in Addis Ababa. Holding the Summit at UNECA highlights its pan-African dimension and creates opportunities for broad international dialogue on humanitarian cooperation and public diplomacy.
The programme will include plenary sessions, strategic dialogues, and expert panels dedicated to values-based development, education, culture, youth leadership, innovation, and international cooperation.
Participation has already been confirmed by Professor Saidou Madougou, Director of the Department of Education, Science, Technology and Innovation of the African Union; Rita Bissoonauth, Director of the UNESCO Liaison Office to the African Union and UNECA in Addis Ababa; Zuzana Schwidrowski, Director of the Macroeconomics, Finance and Governance Division of UNECA, as well as ministers, leaders of public organisations, and representatives of the business community from a number of African countries.
On the same day, the ADWA Victory Memorial Museum—Ethiopia’s national memorial complex dedicated to the Victory of Adwa and an important centre for preserving the historical memory of the Ethiopian people—will host the award ceremony of the regional stage of the V International Competition “Leader of Public Diplomacy”, followed by a large-scale cultural programme.
One of the key outcomes of the Summit will be the adoption of the African Communiqué, reflecting proposals and recommendations aimed at strengthening humanitarian, educational, cultural, and public cooperation between African countries and other regions of the world.
The outcomes, initiatives, and recommendations were developed during the World Public Summit. Africa will be presented at the Second World Public Assembly “A New World: Values That Unite”, to be held in Moscow on 18–19 September 2026.
According to Andrey Belyaninov, General Secretary of the World Peoples Assembly, “the Addis Ababa Summit is an important step toward building a new world founded on mutual respect, cultural diversity, dialogue and sustainable development.”
World
UK Set for Seventh Prime Minister in 10 Years as Keir Starmer Resigns
By Adedapo Adesanya
The United Kingdom will get its seventh Prime Minister in 10 years as Mr Keir Starmer announced his resignation on Monday.
The Minister said he is stepping down as leader of the governing Labour Party and will leave office within weeks, scarcely two years after being elected in a landslide.
Mr Starmer says he will remain caretaker prime minister until a new Labour leader is chosen by the party.
Mr Starmer made the announcement after facing growing pressure to hand over to a new leader who can try to revive the government’s flagging fortunes.
He led Labour to a landslide election victory in July 2024, but since then, his popularity and that of the party have plummeted.
His departure was triggered by the victory of Mr Andy Burnham in a special election last week. The popular ex-mayor of Greater Manchester planned to challenge the existing PM for the Labour leadership.
Mr Starmer made the announcement outside the prime minister’s 10 Downing St. residence with a brief statement on Monday.
“The question my party is asking now is whether I am best placed to lead us into the next general election,” Mr Starmer said. “I have heard the answer of my parliamentary party to that question, and I accept that answer with good grace.
Mr Starmer is the sixth prime minister in a decade to stand outside 10 Downing Street and announce a premature departure.
It comes the day before Britain marks the 10th anniversary of its vote to leave the European Union, a decision that still affects the country’s economy and politics.
Over the past decade, 10 Downing Street has had six occupants, including Mr David Cameron, who left office in 2016 after the Brexit referendum and was succeeded by Ms Theresa May. She was followed by Mr Boris Johnson, whose tenure covered Brexit and the COVID-19 pandemic. After Mr Johnson came Ms Liz Truss, whose 49-day premiership was the shortest in British history. Mr Rishi Sunak then took office before being succeeded by Mr Starmer, the outgoing occupant of Number 10.
World
AXIAN Energy Secures $60m for Expansion Across Africa
By Aduragbemi Omiyale
A financing facility of up to $60 million has been secured by AXIAN Energy, the energy division of the AXIAN Group.
The funding package was provided by MCB, one of the leading financial institutions in the Indian Ocean region.
It comprises a $40 million revolving credit facility with a three-year tenor and extension option, and $20 million in unfunded instruments, providing AXIAN Energy with enhanced financial flexibility, enabling the company to rapidly mobilise resources and seize development opportunities across its target markets.
The energy firm is expected to use the capital to deliver large-scale energy infrastructure projects across Africa.
Over the past two years, AXIAN Energy has significantly accelerated its growth by expanding its renewable energy project pipeline, with solar projects currently under development in Senegal, Benin, Zambia, Côte d’Ivoire, Madagascar, and Burkina Faso.
Building on this momentum, AXIAN Energy now operates a portfolio comprising 350 MW of installed renewable energy capacity, supported by 77 MWh of energy storage capacity, positioning the AXIAN Group as a major contributor to Africa’s energy transition.
The chief executive of AXIAN Energy, Mr Benjamin Memmi, said, “This transaction marks a key milestone in AXIAN Energy’s growth trajectory. It provides us with the financial capacity to sustain the momentum we have built over the past two years, further strengthening our renewable energy portfolio and expanding our presence across new African markets.”
Also commenting, the Global Head of Structured Finance at MCB, Mr Mathieu Delteil, said, “We are proud to support AXIAN Energy in structuring this facility, reaffirming our commitment to enabling transformative projects across Africa.
“By leveraging our sector expertise and deep understanding of regional markets, we have delivered a tailored financing solution that aligns with AXIAN’s long-term renewable energy ambitions.
“This partnership highlights our role as a strategic financial partner, mobilising capital towards investments that drive sustainable growth and accelerate the energy transition across the continent.”
The financing agreement between the two organisations strengthens their long-standing relationship because it is driven by a shared commitment to supporting infrastructure development and economic growth across Africa.
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