By Ahmed Rahma
Africa has stressed the need for investors in the United Kingdom to consider investment in large-scale electrification projects on the continent because they (projects) would helpful and significantly drive post-COVID-19 growth recovery and economic prosperity.
On Wednesday, the UK Africa Investment summit was held virtually and had in attendance major stakeholders, including experts, who spoke on the theme UK & Africa: Partnering in Sustainable and Resilient Infrastructure Development.
The panellists submitted that a stronger partnership between the UK and Africa would benefit both parties, especially in terms of economy.
Speaking at the event, the CEO of UK Export Finance, Mr Louis Taylor, African countries are building back better from the coronavirus, adding that this presents an “unalloyed opportunity for UK investors to be part of the African success story and for African countries to access the UK’s support for projects.”
“The UK is still the ultimate one-stop-shop.
“The UK government is still the largest G7 investor in Africa.
“For instance, the UK Export Finance is providing a £1.7 billion guarantee to support the development of Cairo monorail in Egypt, the UK’s biggest-ever overseas infrastructure guarantee,” Mr Taylor added.
According to International Energy Agency data, scaling up Africa’s capacity to achieve universal access to energy by 2030 would require over $100 billion per year, of which 40 per cent would be dedicated to solar, wind and other low-carbon power generation projects.
In his contribution, the Director for Energy Financial Solutions, Policy and Regulation at the African Development Bank (AfDB), Mr Wale Shonibare, noted that, “Building on the City of London’s deep expertise in innovative financial solutions, the AfDB sees promising opportunities to further expand its program to securitize receipts from solar home systems providers.”
Mr Shonibare called for a structured approach to sustainable infrastructure development and the implementation of large-scale electrification programs, citing the bank’s Desert to Power initiative as an example of a project likely to attract interest from UK businesses.
The AFDB has taken the lead in accelerating the electrification of the continent through its New Deal on Energy for Africa, a transformative partnership-based strategy that aims to increase access to energy for all Africans.
Also speaking, the Business Development Director of UK-based NMS Infrastructure Ltd, Mr Nicholas Oliver, urged investors to engage more actively with local companies.
“We need to create partnerships with governments and local businesses. It is a great time to invest in Africa. The AfDB estimates that climate change presents a $3 trillion investment by 2030. What an opportunity,” he said.
The UK Africa Investment Conference, hosted by the UK Department for International Trade, brings together the UK and African businesses to explore the opportunities for partnership and investment.
Russia Strengthens Political, Economic Ties With Guinea-Bissau
By Kester Kenn Klomegah
Russian Foreign Minister Sergey Lavrov and Guinea-Bissau Suzi Carla Barbosa have signed a memorandum on political consultations. This aims at strengthening political dialogue and promoting consistency in good cooperation at the international arena.
Russia expects trade and economic ties with Guinea-Bissau will continue developing; they must correspond to the high level of the political dialogue between the countries, Minister Lavrov said in his opening remarks with his counterpart from Guinea-Bissau Suzi Carla Barbosa.
“Probably, the next natural step will be to build up our trade-economic, investment cooperation in order to bring it to the level of our sound, confident political dialogue,” the Russian Minister added.
Speculation aside, the face-to-face diplomatic talks focus on effective ways for developing tangible cooperation in the most diverse areas in Guinea-Bissau. The meeting agreed to take a number of practical steps, including reciprocal visits by entrepreneurs both ways.
“We talked about more efficient ways of developing our trade and economic cooperation. We agreed to undertake a range of specific steps, including the trips of businessmen from Guinea-Bissau to Russia and then from Russia to Guinea-Bissau,” Lavrov said.
Last year, Prime Minister of Guinea-Bissau Nuno Gomes Nabiam met with representatives of the Russian business community. The areas of interest mentioned in this respect included exploration of natural resources, construction of infrastructure facilities, as well as the development of agriculture and fisheries.
Guineans are keen on deepening bilateral cooperation in fishing. The five Russian fishing trawlers have recently resumed their operations in the exclusive economic zone of Guinea-Bissau.
As explained at the media conference, the topics discussed for cooperation included such spheres as natural resources tapping, infrastructure development, agriculture and fisheries
In terms of education, over 5,000 people have already entered civilian professions, and more than 3,000 people have acquired military specialities, which is important for Guinea-Bissau. In addition, a military and technical intergovernmental cooperation agreement is about to enter in force. According to reports, Russia would continue to pursue military cooperation with the country.
Both ministers reviewed the situation in Mali, the Republic of Guinea and some other African areas, with an emphasis on West Africa and the Sahara-Sahel region.
Lavrov and Carla Barbosa discussed preparations for the second Russia-Africa summit planned for 2022. With high hopes that the collective attendance will include President of Guinea-Bissau Umaro Sissoco Embalo.
Guinea-Bissau, like many African states, has had political problems. In April 2020, the regional group of fifteen West African countries often referred to as ECOWAS, after months of election dispute finally recognized the victory of Umaro Sissoco Embaló of Guinea-Bissau.
Perspectives for future development are immense in the country. The marine resources and other water bodies are an integral part of the livelihood. Steps to increase agricultural production are necessary. The economy largely depends on agriculture: fish, cashew nuts and peanuts are its major exports. Its population is estimated at 1.9 million, and more than two-thirds live below the poverty line.
Sharing borders with Guinea (to the southeast), Gambia and Senegal (to the north), Guinea-Bissau attained its independence in September 1973. Guinea-Bissau follows a nonaligned foreign policy and seeks friendly and cooperative relations with a wide variety of states and organizations. Besides, Eсonomic Community of West African States (ECOWAS), Guinea-Bissau is a member of the African Union (AU) and the United Nations.
Empowering Women in the Changing World
By Kester Kenn Klomegah
Women play an increasingly important role in resolving issues that society and the state encounter and in the modern world, they should not face the choice between family and self-fulfilment, Russian President Vladimir Putin said at the third Eurasian Women’s Forum held in St. Petersburg on October 13-15.
“It is completely obvious that in modern conditions a woman should not face the choice between children and family or professional fulfilment. That is why in Russia the conditions are consistently created for a woman after childbirth to begin or resume her professional career at any moment, to become accomplished, to achieve growth in what she enjoys,” Mr Putin stressed.
The Eurasian Women’s Forum, held since 2015, is one of the largest international platforms uniting female leaders from all continents to examine and discuss the role of women in the modern world and work out new approaches to solving global problems.
The forum was organized by the Federation Council of the Federal Assembly of the Russian Federation and the Interparliamentary Assembly of the Commonwealth of Independent States (IPA CIS).
Speaker of the Federation Council, Valentina Matviyenko, gave the opening speech at the plenary session. She stressed that the main goal of the global women’s community is to improve people’s quality of life as well as build mutual understanding and trust between countries and peoples in the name of peace and sustainable development.
Russian Deputy Prime Minister, Viktoria Abramchenko, noted in her speech that women are directly involved in implementing these tasks in Russia and on international platforms.
Vietnamese Vice President, Vo Thi Anh Xuan, made a video conference presentation. She said that the Forum is bringing together the majority of women around the world. “The role of women today is extremely important. We can make the world more just and help fight global challenges,” she said.
Chairwoman of the National Assembly of Azerbaijan Sahiba Ali gizi Gafarova believes that the topics discussed at the Eurasian Women’s Forum provide an opportunity to consider the most pressing issues of modern life and enhance women’s status around the world. Gafarova stated that fully unleashing women’s potential would be the foundation for building a healthy society.
Chairwoman of the Senate of Uzbekistan Tanzila Narbaeva noted that the forum once again demonstrated women’s growing role in resolving the socioeconomic issues facing their countries. The Forum demonstrates new approaches to the women’s agenda, she said.
Narbaeva stressed that Uzbekistan is ready to share its experience in various areas and is open to cooperation. She invited the participants to take part in the women’s forum during the Shanghai Cooperation Organization summit in 2022, planned in Samarkand.
Chairwoman of the Lower Chamber of Parliament of Turkmenistan, Gulshat Mammedova, said the forum is an important platform for interaction between women and helps to harmonize efforts in addressing various issues of the changing world as well as exchange views and experience in promoting women’s rights.
Participation of African women was modest, that included for example President of the Senate of Gabon Lucie Milebou Aubusson, Liberian Dr Jewel Howard-Taylor and Zimbabwean First Lady Auxillia Mnangagwa among a few others. President of the Assembly of Mozambique, Esperança Laurinda Francisco Nhiuane Bias, delivered a speech at the forum.
Zimbabwean First Lady, Auxillia Mnangagwa, on the sidelines held a special working discussion with the Speaker of the Federation Council of the Federal Assembly of the Russian Federation, Valentina Matviyenko, focusing on developing inter-parliamentary relations, women in sustainable development, education and charity.
The First Lady and the Speaker snapshotted the possibility of greater participation of Russian economic operators in the development process in the southern African region. Both women have expressed an appreciation for cooperating on common questions on international platforms. Diplomatic relations between the two marked their 40th year.
On October 15, African women took part in an exclusive discussion solely on “the Role of Women in the Integrated Development of the African Continent” at the Tauride Palace. It was attended by women from international organizations, business circles, the scientific community and non-governmental organizations.
The entire third forum was held offline using modern formats such as video conferencing and online broadcast, intended to ensure extended outreach and provide audience engagement. The physical presence was organized in strict accordance with safety measures aimed at preventing the spread of COVID-19.
UK Flags Borno, Yobe, Others as Danger Zones
By Ashemriogwa Emmanuel
The United Kingdom (UK) has advised its citizens against travelling to some northern and middle belt states in Nigeria it described as danger zones as a result of the heightened kidnap cases and increased insecurity in those regions.
These states include Borno, Yobe, Adamawa, Gombe, Kaduna, Katsina, Zamfara, Delta, Bayelsa, Rivers, Akwa Ibom and Cross River.
In a travel advisory for its nationals released on Saturday, October 16, the UK Foreign, Commonwealth and Development Office (FCDO) announced to foreign nationals that there was a high threat of kidnap throughout Nigeria for ideological, financial or political reasons.
According to the advisory, “The groups have previously shown intent and capability to conduct kidnaps in Nigeria. Foreign nationals, including humanitarian workers, are likely targets for kidnap.
“Humanitarian hubs and workers have been targeted during attacks in the North East, including Monguno, Borno State on June 13, 2020.
“There’s a high threat of kidnap throughout Nigeria. Kidnaps can be motivated by criminality or terrorism and could be carried out for ideological, financial or political gain. Anecdotal evidence suggests that the risk of kidnap increases after dark.
“The security environment in the North East has deteriorated since 2018 and there is a heightened risk of kidnap. Kidnaps in the North East have included humanitarian and private-sector workers.
“There are also reports that Boko Haram and Islamic State West Africa, ISWA, are continuing to actively plan to kidnap foreigners.
“In North-East Nigeria, extremist groups operate in some northern and middle belt states, including Bauchi, Gombe, Kano, Kogi, Kaduna, Niger and Adamawa states. If you’re working or travelling in these states then you should be aware of the risk of terrorist kidnapping.”
The information also disclosed the increased protests and demonstrations in the South East region of Nigeria Since August 9, 2021, warning that stay-at-home protests are likely during October in the South East region.
“There have been reports of violence during Stay at Home protests previously. You should monitor local media, avoid any demonstrations or large gatherings and follow any instructions from local police and security forces.
“There have been a number of attacks and targeted killings in the South-east and Southsouth regions of Nigeria, including in the states of Akwa Ibom, Rivers, Imo, Abia, Anambra, Delta, Edo and Ebonyi.
“Some of these attacks have been on isolated roads and in remote locations, but there is a chance that they could occur in metropolitan areas. There is also a heightened risk of indiscriminate attacks on police and security infrastructure, which may inadvertently affect bystanders,” it read.
The UK government then advised travellers to these regions to exercise caution if travelling in remote areas at night and follow local news outlets for further information.
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