World
FAO Food Price Index Remains Unchanged in November
By Adedapo Adesanya
The global prices of food remained flat, unchanged from its revised October level, as increases in the price indices for vegetable oils, dairy products, and sugar counterbalanced decreases in those of cereals and meat.
This is according to the latest Food and Agricultural Organisation (FAO) Food Price Index (FFPI) released on Friday.
The index showed that food prices averaged 120.4 points in November 2023 and stood 14.4 points (10.7 per cent) below the corresponding level one year ago.
The FAO Cereal Price Index averaged 121.0 points in November, down 3.7 points (3.0 per cent) from October and as much as 29.1 points (19.4 per cent) from its value a year ago. International prices of coarse grains fell the most, dropping by 5.6 per cent month-on-month.
The decline was dominated by a sharp fall in world maize prices, underpinned by an increase in farmers’ selling activity in Argentina and a downward pressure from seasonally higher supplies in the United States of America, where the production estimate was revised upwards.
Among other coarse grains, world prices of barley fell, while sorghum prices firmed slightly. International wheat prices also declined, by 2.4 per cent in November, mainly driven by increased seasonal supplies in Argentina and Australia, with the progress in the harvests and the continued strong competition from the Russian Federation.
Meanwhile, the FAO All Rice Price Index remained stable month-on-month in November amidst contrasting price movements across origins and market segments.
The FAO Vegetable Oil Price Index averaged 124.1 points in November, up 4.1 points (3.4 per cent) from October after declining for three consecutive months. The increase in the price index was driven by higher world palm and sunflower oil prices, more than offsetting lower soy and rapeseed oil quotations.
International palm oil prices rebounded by more than 6.0 per cent in November, chiefly underpinned by more active purchases by leading importing countries and seasonally lower outputs in major producing countries. World sunflower oil prices also rose moderately, mainly supported by a continued steady pace of import purchases.
By contrast, international soy oil prices dropped slightly on subdued global import demand, outweighing the impact of lower soybean production prospects in Brazil, while lingering abundant world supplies contributed to lower world rapeseed oil prices.
The FAO Dairy Price Index averaged 114.2 points in November, up 2.5 points (2.2 per cent) from October, marking the second consecutive monthly increase, but still down 23.2 points (16.9 per cent) from its value one year ago.
In November, international price quotations for butter and skim milk powder increased, reflecting high import demand from Northeast Asian buyers, limited inventories, and increased internal demand ahead of winter holidays in Western Europe. The same factors lifted whole milk powder prices, however, persistently subdued demand from Asian buyers, together with steady production activities in Oceania, capped the month-on-month increase.
The weakening of the United States Dollar against the Euro also contributed to the increase in world dairy prices. By contrast, world cheese prices continued to trend downward on high exportable availabilities, especially for cheddar cheese, despite seasonally tight milk deliveries in Western Europe.
The FAO Meat Price Index averaged 111.8 points in November, down marginally (0.4 per cent) from October, reflecting minor drops in the prices of poultry, pig, and bovine meats. At this level, the index value stood 2.8 points (2.4 per cent) below its corresponding value one year ago. The drop in international poultry meat prices reflected elevated supplies, mainly from Brazil, notwithstanding the challenges to production stemming from avian influenza outbreaks across many countries.
Pig meat prices were down due to persistent sluggishness in import demand in Asian markets and ample exportable availabilities in some exporters, despite a surge in internal sales in Europe ahead of the winter holidays.
Meanwhile, ample exportable supplies from Brazil and Oceania weighed on world bovine meat prices. By contrast, ovine meat prices rose slightly, mostly reflecting the impact of currency movements.
The FAO Sugar Price Index averaged 161.4 points in November, up 2.2 points (1.4 per cent) from October and as much as 47 points (41.1 per cent) from its level in the same month last year. The increase in prices in November was mostly related to heightened concerns over global export availabilities in the current season amid worsening production prospects in two leading exporters, Thailand and India, due to severe dry weather conditions associated with the El Niño event.
In addition, shipping delays from Brazil, coupled with the strengthening of the Brazilian Real against the United States Dollar, contributed to the overall increase in world sugar prices. Nevertheless, the strong pace of production in Brazil and lower international crude oil prices limited the month-on-month price increase.
World
Medar Boquete Becomes First Congolese to Receive Pushkin Medal
By Kestér Kenn Klomegâh
November 2025, will go down in history as a significant date for the Democratic Republic of the Congo and the Free University of Kinshasa (ULK). During the official ceremony presenting state awards and prizes of the President of the Russian Federation in the Kremlin, Medar Bompoko Boquete, Chairman of the Executive Board of the Free University of Kinshasa (ULK), was awarded the Pushkin Medal, becoming the first Congolese to receive this prestigious award.
The Pushkin Medal, established in the Russian Federation, is one of the most renowned awards in the fields of culture, education, and the humanities. It is awarded to individuals who have made significant contributions to the development of cultural and educational ties with Russia, as well as to strengthening friendship and international cooperation. This award highlights the importance of academic, linguistic, and cultural exchanges in strengthening ties between Russia and African countries.
Medar Bompoko Boquete was recognized for his contribution to the promotion of the Russian language and culture at ULK, as well as for his active work in strengthening educational and cultural ties between the DR Congo and Russia. For several years, he has promoted student and faculty exchanges, scientific cooperation, and knowledge sharing between the countries, contributing to the international recognition of the DR Congo.
The ceremony, held as part of the National Unity Day celebrations, brought together distinguished Russian and international representatives. The awarding of the Pushkin Medal to an African scholar, and in particular the first Congolese, is a powerful symbol of intercultural dialogue and mutual respect between countries. It also demonstrates the key role of education and culture in strengthening diplomatic and social ties on the international stage.
Award Details:
Awardee: Medar Bompoko Boquete
Position: Chairman of the Executive Board, Free University of Kinshasa (ULK)
Award: Pushkin Medal
Reason for the Award: Contribution to strengthening cultural and educational unity and developing cultural ties between the DR Congo and Russia
Award Location: The Kremlin, Moscow, Russia
This official recognition from Russia is not only a personal honor for Medar Bompoko Boquete but also an important symbol for the DR Congo, demonstrating the country’s achievements in education, culture, and scientific cooperation. The award opens new opportunities for academic and cultural interaction between Congolese and Russian institutions and inspires future generations to develop similar initiatives.
The awarding of the Pushkin Medal to Medar Bompoko Boquete was a historic event in relations between the DR Congo and Russia and symbolizes the long-term strengthening of cultural and educational ties between the two countries.
World
Amnesty International Calls for Internet Restoration as Crisis Grips Tanzania
By Adedapo Adesanya
Human rights group, Amnesty International, has called for restoration of internet services following shutdown by Tanzanian authorities following the country’s general elections on October 29.
Authorities imposed nationwide internet restrictions on election day disrupting mobile data services and blocking access to social media platforms across major networks.
The October 29 vote handed President Samia Suluhu Hassan a second term with over 97 per cent of the votes.
She was sworn in after the disputed polls on Monday. Protests have since rocked the East African country.
On Monday November 3, Tanzanians reported partial resumption in some cities, but this has impacted the country’s economy, disrupting bank operations and communication.
In a statement, Amnesty International’s Deputy Director for East and Southern Africa, Mr Vongai Chikwanda, called for the return of full internet services in the country.
“For close to a week now, many people in Tanzania have suffered nationwide internet and electricity shutdowns. Amnesty International is particularly alarmed by reports that amidst the blackouts, security forces have used excessive force to suppress and disperse ongoing post-election protests, resulting in the deaths and injuries of protesters.
“This is the third time in less than a year that Tanzanian authorities have resorted to an internet blockade to silence dissenting voices. Authorities must immediately refrain from suppressing protests and instead respect, protect, and facilitate the right to peaceful assembly. They must immediately and unconditionally release all those arrested solely for exercising their right to peaceful assembly.”
So far, over 700 people have been reportedly killed by post-election violence in the East African nation.
The group said Tanzanian authorities should “promptly, thoroughly, independently, impartially, transparently and effectively investigate all killings by security agents and bring to justice in fair trials those suspected of being responsible.”
“Authorities must also provide victims and their families with access to justice and effective remedies,” it added.
“The authorities must also allow both local and international media to freely report on the human rights situation in the country and refrain from restricting access to information, both online and offline including by immediately restoring internet access and access to basic public services. The ongoing restrictions are making it difficult to verify information, and to document election-related human rights violations.”
World
Russia-Africa Expo-2025: Spotlighting Africa’s Economic Potential for Russian Investors
By Kestér Kenn Klomegâh
Designed as an investment and entrepreneurial platform, the ‘Russia-Africa Expo-2025. Made in Africa’ held in Moscow, in mid-October, attracted state officials, investors and business people from Africa and Russia who are highly-interested in mutually beneficial dialogue and developing business collaboration. Sharing the same platform, the participants tried to find answers to the critical questions including why do Russian entrepreneurs want to work on mega-projects with partners from Africa. For Africans, their concern was to export basic agricultural products, handmade crafts and artifacts to the Russian market from contemporary Africa. On the other side, Russians are increasingly in search of profitable businesses across the continent, amid renewed debates and narratives over Russia’s low economic representation in the African discourse. For decades, the continent’s stories have largely been filtered through external lenses—often highlighting Africa’s development progress especially transforming as the last frontier with an economic power.
According to the organizers, ‘Russia-Africa Expo 2025. Made in Africa’ was a unique space to foster economic and commercial exchanges. The organizers described it as “the solid platform for entrepreneurs to deliberate business collaborations, expertise and innovations, and to transform ideas into tangible opportunities for both Russian and African entrepreneurs.” It was the second edition of Russia-Africa Expo, aimed at promoting the continent’s economic influence and, at least, to project the exceptional visibility by African and diaspora actors. In this exclusive interview, Louis Gouend, Founder and Chief Executive of African Business Club (ABC) and Chairman of the Commission for Work with African Diasporas of the Russian-African Club of Moscow State University named after M.V. Lomonosov, discussed the main results of the week-long corporate entrepreneurial gathering and hightlighted Russia’s comparative stakes and perspectives with African partners. Here are the interview excerpts:
How confident are Russian investors in developing the African market in the current geopolitical environment?
Russian business confidence in working with Africa has reached a qualitatively new level. Whereas previously these were fruitless attempts at market exploration, today we see a fully formed strategy. More than 200 Russian companies represented at the Russia-Africa Expo-2025 forum, not only from the raw materials sector, but also from IT, pharmaceuticals, agriculture, and education.
Key indicator: at the financial instruments session, Payment Agent A7 and representatives of the Russian Export Center (REC)presented specific products for the African market with state guarantees. These aren’t just words – this year alone, the volume of transactions through these mechanisms has grown by 40%. Russian entrepreneurs understand that Western sanctions have created a unique window of opportunity to reshape relations with Africa.
How are trade and economic relations developing after the two Russia-Africa summits?
We have gone from political declarations to concrete projects. Trade turnover reached $23 billion last year, but its structure is more important: while grain and fertilizer accounted for 80% of the total last year, today the share of machinery and equipment (15%), IT solutions (7%), and educational services is rapidly growing.
After Expo-2025, we clearly identify three trends:
– Diversification: from raw materials to technologies and joint ventures
– Localization: establishing assembly plants and distribution centers in Africa
– Financial architecture: developing alternative payment systems
What are the prospects for African exporters in the Russian market?
The situation is changing dramatically. At the “Made-in-Africa” pitch session, 15 African companies signed memorandums of understanding on supplies to Russia. Ethiopian coffee suppliers plan to capture 5% of the Russian premium coffee market by 2026.
Russia is simplifying customs procedures for African products, according to a representative of the Ministry of Industry and Trade. By 2025, imports of African goods are expected to grow by 25%, particularly in the following categories:
– Coffee and cocoa
– Fruits and nuts
– Pharmaceutical raw materials
– Natural cosmetics
Which countries and industries were most significant in the discussions?
The most active countries were:
– Ethiopia: as a hub for East Africa (logistics, agribusiness)
– Nigeria: energy and IT
– Cameroon: agriculture, distribution, and culture
– Burkina Faso: medicine, fruit processing, and the film industry
– Côte d’Ivoire: fertilizers, cocoa, financial services, and culture
– Mali: education and development of Russian-African women’s entrepreneurship
– Rwanda: mining
– Gambia: pharmaceuticals, healthcare, and construction
Key areas of cooperation:
- Energy and mining – 35% of projects discussed
- Agribusiness and food security – 25%
- Digitalization and IT – 20%
- Education and training – 15%
- Pharmaceuticals and healthcare – 5%
What noticeable challenges remain, and what agreements have been reached?
Despite significant progress, systemic challenges remain. Key among these remain logistics infrastructure, the need to develop financial mechanisms adapted to current realities, and the importance of bridging the information gap between business communities.
Following the Russia-Africa Expo-2025, a qualitative shift in the approach to cooperation can be observed. Fundamental agreements were reached on the creation of new institutions for interaction designed to make cooperation systemic. A series of framework agreements and memoranda of understanding were signed between key players from the private and public sectors of both sides. These documents lay the foundation for the implementation of specific projects in priority sectors, such as agriculture, energy, digitalization, and personnel training.
The main outcome was not only the creation of a full-fledged partnership ecosystem, where joint working groups and development institutions will ensure the sustainability of cooperation in the long term, but also the creation of a new platform for ongoing communication between entrepreneurs from Russian and African small and medium-sized businesses.
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