World
Africa Vows to Protect, Develop Ocean Resources
By Kestér Kenn Klomegâh
The UN Ocean Conference (UNOC) co-organized by Portugal and Kenya from 27 June to 01 July 2022 in Lisbon, Portugal was a landmark ocean event for regrouping decision-makers, innovators, private sector actors and stakeholders towards the implementation of the SDG Goal 14 and Aspiration 1.6 of Africa’s Agenda 2063, both related to the management of the Oceans, Seas and Marine Resources for Sustainable Development.
According to reports, the week-long conference brought together some 6,500 participants and was opened by the Secretary-General of the United Nations António Guterres. The Secretary-General of the United Nations (UNSG or SG) is the Chief Administrative Officer of the United Nations and Head of the United Nations Secretariat. There were, among others, high-powered African representatives.
In his speech, António Guterres warned that unless nations overcome short-term territorial and resource interests the state of the oceans will continue to deteriorate. Secretary-General described “the artificial dichotomy” between jobs and healthy oceans as one of the main challenges and asked for strong political leadership, new partnerships and concrete steps.
On behalf of Moussa Faki Mahamat, Chairperson of the African Union (AU) Commission, Josefa Leonel Correia Sacko, Commissioner for Agriculture, Rural Development, Blue Economy and Sustainable Environment (ARBE) at the African Union (AU) Commission headed the AU delegation to the United Nations Ocean Conference 2022 (UNOC). He was accompanied by Amb Fatima Kyari Mohammed, Permanent Observer of the African Union to the United Nations in New York (USA); Harsen Nyambe Nyambe, Director of Sustainable Environment and Blue Economy; and Dr Bernice Mclean, Head of Blue Economy at AUDA-NEPAD in South-Africa, Representative from REC, and other staff of the African Union Commission.
President of Kenya, Uhuru Kenyatta, and the President of Portugal, Marcelo Rebelo de Sousa, were elected by acclamation as the Presidents of the conference with statements delivered by each President accordingly.
On the margins of the UNOC, the meeting of the Committee of African Heads of State and Government on Climate Change (CAHOSCC) was also held, during which the African Union Commission delivered a strong signal on Africa’s readiness to protect and sustainably develop its ocean resources.
The AUC delegation to the conference showcased steps for promoting Africa’s blue economy and sending a strong signal on Africa’s readiness to protect and sustainably develop its ocean resources as well as its contribution to the global conversation on oceans by focusing on unlocking Africa’s potential for innovative, knowledge-based and high-revenue sectors while fostering sustainability and private sector activity, which further places emphasis on the integration of women, youth and Africa’s scientific community within the blue economy.
In addition, the AUC co-organized various side events including two major Africa-focused events: the first event co-organized with IOC-UNESCO on ‘Accelerating innovation, science and technology, and promoting the involvement of women and youth in Africa’s oceans and seas in the context of the ocean decade’ was held on 29th June. It touched on the need to address cultural norms and stereotypes on the one hand and address the resource gap on the other and strengthen women and youth’s participation in the blue economy.
The second event focused on “Shaping a sustainable Blue Economy in Africa” co-organized with AUDA-NEPAD, was held on 30th June and emphasized Africa’s vast amount of marine resources which are highly significant to global ecosystem services and need to be managed adequately for the benefits of the citizens.
The AUC also co-sponsored the following side events during three consecutive days: (i) ‘Blue innovation for multifunctional marine spatial planning’, together with the Stockholm Environment Institute and the Government of Sweden and Kenya on 28th June. It emphasized the importance of ensuring that Africa has access to and ownership of ocean data and ensure the need for Africa to develop its own Marine Spatial Planning that will aid to address data gaps;
(ii) ‘Fostering international and regional cooperation in support of the sustainable development of the blue economy in LDCs, LLDCs and SIDS’, together with the International Seabed Authority, on 29th June;
(iii) ‘Advancing women empowerment and leadership in marine scientific research to support inclusive sustainable ocean governance’, together with the International Seabed Authority on 30th June.
In addition, the AUC delivered a statement during the plenary, emphasizing the crucial role that the African continent must play in the global oceans agenda, considering the vast marine resources that it exerts sovereignty over.
With women and youth on board, the AUC indicates its readiness to protect and develop ocean resources. “Women and Youth represent Africa’s most underutilized assets, so the African Union Commission is committed to identifying ways to promote their integration fully in the conversation on blue wealth,” AU Commissioner Josepha Sacko told the gathering.
Sacko informed that the AUC is in the process of implementing the blue economy, in various sectors, highlighting that “…we need to enhance traditional ocean-based sectors like fisheries and tourism so that they contribute to the livelihoods of coastal communities that rely on them. But, at the same time, Africa needs to move to a knowledge-based model of developing ocean science and ocean-based technologies. We have the ideas, vision, and ambition to do so.”
Further at the plenary session, the Group of African States emphasized that Africa is determined to sustainably harness the vast potential of its maritime domain and accelerate economic transformation and opportunities provided by the oceans. To realize sustainable ocean-based development, the African Group stresses the need to promote collective efforts to address inherent financial and infrastructure gaps preventing the realization of the full potential of African marine resources.
The African Group further emphasized that oceans are a common heritage to mankind, including the African landlocked States. Achieving Sustainable Development Goal 14 (life below water) and conservation of ocean and marine ecosystems will require bold and ambitious partnership, mobilization of significant financial resources, access to technologies and innovations, capacity-building and effective governance arrangements.
Furthermore, the delegation along with the key partners including the RECs, NGOs, WIMAfrica, Fisheries and Aquaculture Associations participated in various other side events and engaged with innovators, policymakers and stakeholders on a range of issues including conservation, sustainable ocean economies and capacity building, as well as institutional and policy making and implementation, NGO’s and research and civil society organizations, legal instruments.
On 1st July, the side event organized by the Republic of Mauritius ‘Science Consideration for Protection of Marine Ecosystems in Chagos Archipelago’ which aimed at advocating the complete decolonization of the Chagos archipelago. It was an opportunity seized by the Office of the Legal Counsel of the African Union to reiterate its unconditional support to the Government of Mauritius until the completion of decolonization of Chagos is achieved and enjoyed by the Citizens of Mauritius in accordance with well-established principles of international law and the pertinent decisions and Resolutions of Organization of African Unity (OAU)/African Union (AU) and United Nations.
The United Nations attempts at addressing ways by which the private sector provides practical solutions to address the problems such as by improving energy efficiency, and waste management and introducing market-based tools to shift investment, subsidy and production; making it necessary to mobilize actions for the conservation and sustainable use of the oceans, seas and marine resources by establishing the United Nations Ocean Conference.
By Modupe Gbadeyanka
For transforming cross-border payments through its deployment with Global Money Exchange, Comviva has been named Best In-Class Cross Border Payments.
The global leader in digital transformation solutions clinched this latest accolade at the IBS Intelligence Global FinTech Innovation Award 2025.
The recognition highlights how Comviva’s mobiquity Pay is helping shape a modern cross-border payment ecosystem that stretches far beyond conventional remittance services.
Deployed as a white label Wallet Platform and launched as Global Pay Oman App, it fulfils GMEC’s dual vision—positioning itself as an innovative payment service provider while digitally extending its core money transfer business.
The solution allows GMEC to offer international money transfers alongside seamless forex ordering and other services. These capabilities sit alongside a broad suite of everyday financial services, including bill and utility payments, merchant transactions, education-related payments, and other digital conveniences — all delivered through one unified experience.
“This award is a testament to Oman’s accelerating digital transformation and our commitment to reshaping how cross-border payments serve people and businesses across the Sultanate.
“By partnering with Comviva and bringing the Global Pay Oman Super App, we have moved beyond traditional remittance services to create a truly inclusive and future-ready financial ecosystem.
“This innovation is not only enhancing convenience and transparency for our customers but is also supporting Oman’s broader vision of building a digitally empowered economy,” the Managing Director at Global Money Exchange, Subromoniyan K.S, said.
Also commenting, the chief executive of Comviva, Mr Rajesh Chandiramani, said, “Cross-border payments are becoming a daily necessity, not a niche service, particularly for migrant and trade-linked economies.
“This recognition from IBS Intelligence validates our focus on building payment platforms that combine global reach with local relevance, operational resilience and a strong user experience. The deployment with Global Money Exchange Co. demonstrates how mobiquity® Pay enables financial institutions to move beyond remittances and deliver integrated digital services at scale.”
“The deployment of mobiquity Pay for GMEC showcases how scalable, API-driven digital wallet platforms can transform cross-border payments into seamless, value-rich experiences.
“By integrating remittances, bill payments, forex services, and AI-powered engagement into a unified Super App, Comviva has reimagined customer journeys and operational agility.
“This Best-in-Class Cross-border Payments award win stands as a testament to Comviva’s excellence in enabling financial institutions to compete and grow in a digitally convergent world,” the Director for Research and Digital Properties at IBS Intelligence, Nikhil Gokhale, said.
By Kestér Kenn Klomegâh
At the end of an extensive consultation with African foreign ministers, Russian Foreign Minister, Sergey Lavrov, has emphasized that Moscow would advance its economic engagement across Africa, admittedly outlining obstacles delaying the prompt implementation of several initiatives set forth in Strategic Action Plan (2023-2026) approved in St. Petersburg during the Russia-Africa Summit.
The second Ministerial Conference, by the Russian Foreign Ministry with support from Roscongress Foundation and the Arab Republic of Egypt, marked an important milestone towards raising bilateral investment and economic cooperation.
In Cairo, the capital city of the Arab Republic of Egypt, Lavrov read out the final resolution script, in a full-packed conference hall, and voiced strong confidence that Moscow would achieve its strategic economic goals with Africa, with support from the African Union (AU) and other Regional Economic blocs in the subsequent years. Despite the complexities posed by the Russia-Ukraine crisis, combined with geopolitical conditions inside the African continent, Moscow however reiterated its position to take serious steps in finding pragmatic prospects for mutual cooperation and improve multifaceted relations with Africa, distinctively in the different sectors: in trade, economic and investment spheres, education and culture, humanitarian and other promising areas.
The main event was the plenary session co-chaired by Russian Foreign Minister Sergey Lavrov and Egyptian Minister of Foreign Affairs, Emigration, and Egyptians Abroad Bashar Abdelathi. Welcome messages from Russian President Vladimir Putin and Egyptian President Abdelhak Sisi were read.
And broadly, the meeting participants compared notes on the most pressing issues on the international and Russian-African agendas, with a focus on the full implementation of the Russia-Africa Partnership Forum Action Plan for 2023-2026, approved at the second Russia-Africa Summit in St. Petersburg in 2023.
In addition, on the sidelines of the conference, Lavrov held talks with his African counterparts, and a number of bilateral documents were signed. A thematic event was held with the participation of Russian and African relevant agencies and organizations, aimed at unlocking the potential of trilateral Russia-Egypt-Africa cooperation in trade, economic, and educational spheres.
With changing times, Africa is rapidly becoming one of the key centers of a multipolar world order. It is experiencing a second awakening. Following their long-ago political independence, African countries are increasingly insisting on respect for their sovereignty and their right to independently manage their resources and destiny. Based on these conditions, it was concluded that Moscow begins an effective and comprehensive work on preparing a new three-year Cooperation and Joint Action Plan between Russia and Africa.
Moreover, these important areas of joint practical work are already detailed in the Joint Statement, which was unanimously approved and will serve as an important guideline for future work. According to reports, the Joint Statement reflects the progress of discussions on international and regional issues, as well as matters of global significance.
Following the conference, the Joint Statement adopted reflects shared approaches to addressing challenges and a mutual commitment to strengthening multifaceted cooperation with a view to ensuring high-quality preparation for the third Russia-Africa Summit in 2026.
On December 19-20, the Second Ministerial Conference of the Russia-Africa Partnership Forum was held in Cairo, Egypt. It was held for the first time on the African continent, attended by heads and representatives of the foreign policy ministries of 52 African states and the executive bodies of eight regional integration associations.
By Adedapo Adesanya
Social media platform, TikTok’s Chinese owner ByteDance has signed binding agreements with United States and global investors to operate its business in America.
Half of the joint venture will be owned by a group of investors, including Oracle, Silver Lake and the Emirati investment firm MGX, according to a memo sent by chief executive, Mr Shou Zi Chew.
The deal, which is set to close on January 22, 2026 would end years of efforts by the US government to force ByteDance to sell its US operations over national security concerns.
It is in line with a deal unveiled in September, when US President Donald Trump delayed the enforcement of a law that would ban the app unless it was sold.
In the memo, TikTok said the deal will enable “over 170 million Americans to continue discovering a world of endless possibilities as part of a vital global community”.
Under the agreement, ByteDance will retain 19.9 per cent of the business, while Oracle, Silver Lake and Abu Dhabi-based MGX will hold 15 per cent each.
Another 30.1 per cent will be held by affiliates of existing ByteDance investors, according to the memo.
The White House previously said that Oracle, which was co-founded by President Trump’s supporter Larry Ellison, will license TikTok’s recommendation algorithm as part of the deal.
The deal comes after a series of delays.
Business Post reported in April 2024 that the administration of President Joe Biden passed a law to ban the app over national security concerns, unless it was sold.
The law was set to go into effect on January 20, 2025 but was pushed back multiple times by President Trump, while his administration worked out a deal to transfer ownership.
President Trump said in September that he had spoken on the phone to China’s President Xi Jinping, who he said had given the deal the go ahead.
The platform’s future remained unclear after the leaders met face to face in October.
The app’s fate was clouded by ongoing tensions between the two nations on trade and other matters.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism9 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn