World
Olubiyi, Others to Join Private Sector Investment Lab
By Adedapo Adesanya
The World Bank has announced the selection of 15 Chief Executive Officers and Chairs who will make up the Private Sector Investment Lab.
The founding members comprise a core group charged with developing solutions to address the barriers to private sector investment in emerging markets.
In a statement seen by Business Post, the lender said, “The quality of their individual – and combined – expertise, leadership, and success in business and finance underscores the growing momentum, and level of commitment, for public and private collaboration to address global challenges and urgently scale development solutions.”
The World Bank said it will be drawing on the experience of the 15 CEOs and Chairs that comprise the Lab’s core membership – including leaders from AXA, BlackRock, HSBC, Macquarie, Mitsubishi UFJ Financial Group, Ninety One, Ping An Group, Royal Philips, Standard Bank, Standard Chartered, Sustainable Energy for All, Tata Sons, Temasek, and Three Cairns Group.
The Lab will build on the World Bank’s current work to address existing barriers and develop solutions which support private sector investment in emerging markets.
Announced in June, the Lab will identify and focus on specific approaches that can be implemented and scaled by the World Bank to mobilize capital more effectively, with the ultimate goal of crowding in greater levels of private finance.
This includes ideas for improved financing structures, ways to better align the World Bank with the needs and speed of private finance, approaches to balancing and allocating risks across investors and reimagining new partnerships.
The Lab will begin work in the coming weeks, initially focusing on scaling transition finance in renewable energy and energy infrastructure.
Co-Chaired by Mr Mark Carney, UN Special Envoy on Climate Action and Finance and Co-Chair of GFANZ, and Mr Shriti Vadera, Chair of Prudential plc, the Lab will meet regularly and report directly to the World Bank Group President, Mr Ajay Banga and World Bank Group leadership.
Speaking on this, Mr Ajay Banga, World Bank President: “The World Bank is on a mission to create a world free of poverty – but on a livable planet. Achieving this vision demands that we build a better bank but also reimagine partnerships and pull in the private sector to confront – and beat – intertwined development challenges like poverty, climate, and fragility.
“The business leaders who are lending their time, talents, and expertise to this work are a crucial piece of the puzzle, and I am beyond grateful to have them onboard.
“Results won’t come overnight, but if successful, this group has the potential to unlock significant investment that will deliver jobs and better quality of life for people living throughout the Global South – the surest way to drive a nail into the coffin of poverty.”
Mr Shriti Vadera, Chair of Prudential plc: “I look forward to working with Ajay Banga and his leadership team, and Mark Carney and our fellow Lab members on the critical priority of how the World Bank can leverage and crowd in greater levels of private finance that will not otherwise be available for global public goods like climate transition, growth and poverty reduction. Every action and every penny from every actor counts, and we should prioritise the solutions and actions that are scalable, speedy, and replicable. Our focus will be on delivery and implementation to try and have a real impact on the ground.”
On his part, Mr Mark Carney, UN Special Envoy on Climate Action and Finance and Co-Chair of GFANZ: “In order to address global challenges like climate change and poverty, we need new ways for the public and private sectors to work together to catalyze investment at speed and scale – particularly in developing countries.
“Through the Private Sector Investment Lab, the World Bank and private finance will partner closely to develop, test, implement and ultimately scale financing structures and approaches that can most effectively mobilize private capital. I look forward to working with Ajay, Shriti, and the Lab’s members to deliver on this critical mission with urgency.”
Founding Members
Thomas Buberl, CEO, AXA: “Enabling an effective and fair transition is one of our generation’s greatest challenges. AXA is already active in financing transition projects in emerging countries and we are delighted to join the Private sector Investment Lab to work with other players as well as the World Bank to better catalyze private capital for transition finance in these markets.”
Larry Fink, CEO, BlackRock: “I have spoken for some time now about how reimagining the role of the multilateral development institutions could support an acceleration of investment into emerging markets. I applaud Ajay and his team at the World Bank for their initiative and leadership on this front today, and I am honoured to be asked to lend my support to this work through my participation in the Private Sector Investment Lab.”
Noel Quinn, Group CEO, HSBC Holdings Plc: “A number of financial institutions like HSBC are already developing innovative financing models in the sectors and regions that are critical and challenging to transform in order to reach net zero in time. We need to both scale up these models and develop new ones to accelerate progress. The Private Sector Investment Lab provides an important focal point for collaboration and the sharing of knowledge between financial institutions on this important topic.”
Shemara Wikramanayake, CEO, Macquarie: “Harnessing the large global pools of private sector capital is key to driving better outcomes for emerging markets. The World Bank and other MDBs have a critical role to play in catalysing this capital, including through structures to allocate and manage early-stage risks. Macquarie is delighted to work with this group to support the Private Sector Investment Lab to implement and scale these solutions, starting with a focus on transition finance.”
Hironori Kamezawa, the CEO of Mitsubishi UFJ Financial Group: “As an Asia-headquartered financial institution with an extensive footprint in emerging economies, MUFG is excited to be part of the Private Sector Investment Lab. The collaboration between public and private finance is critical in mobilizing transition finance, especially in emerging markets. This initiative provides an excellent platform to work in collaboration to address the investment gap for the global common good.”
Hendrik du Toit, CEO, Ninety One: “We welcome this initiative and are grateful to be participating because it is vital for public and private finance jointly to address these challenges.”
Jessica Tan, Co-CEO, Ping An Group: “We are delighted and honoured to join the World Bank Private Sector Investment Lab. At Ping An, in our 35 years, we have a long history of direct investment and commitment to supporting rural revitalization and development as well as education welfare, our Community Support Program in China. We continue to support green finance, financial inclusion and help communities manage climate-related sustainability issues. We believe the private sector can make a tangible difference helping progress towards climate goals, manage the risks of climate change and tackle poverty.”
Feike Sijbesma, Chairman, Royal Philips and Co-Chair, Global Climate Adaptation Centers: “Business cannot be successful in a world that fails. We have a responsibility to contribute to the development work of the World Bank.”
Sim Tshabalala, the CEO of Standard Bank: “Attracting a lot more private investment to emerging markets would significantly accelerate inclusive human development and the just transition towards a low-carbon economy. The Private Sector Investment Lab is asking precisely the right questions about how the private sector and development finance institutions should work together. I am honoured to join this discussion on behalf of Standard Bank.”
Bill Winters, Group Chief Executive of Standard Chartered: “Standard Chartered has extensive experience in collaborating with the World Bank to finance sustainable projects in emerging markets across Asia, Africa and the Middle East. As the need to mobilise private capital to close the climate investment gap reaches a critical juncture, we’re committed to providing our longstanding market expertise to the Private Sector Investment Lab to encourage innovation and act as a catalyst for credible progress in private and blended finance.”
Damilola Ogunbiyi, CEO, Sustainable Energy for All: “The multiple ongoing global crises affect developing countries around the world disproportionally. Despite already having the solutions to scale up renewable energy-based solutions to deliver development and climate progress, finance needs to be unlocked at scale in developing countries and underserved sectors. This Lab offers us the opportunity to work together to design the solutions that will speed up an inclusive global energy transition.”
N. Chandrasekaran, Chairman, Tata Sons: “Needless to say, financing for climate change remains the most important challenge that needs to be addressed. Given the long-term nature of these investments and the risks involved, setting up of the Private Sector Investment Lab to find innovative ways to attract private capital to partner with public investment is an important global initiative. I am pleased to be included in the initiative and looking forward to contributing and developing solutions.”
Dilhan Pillay Sandrasegara, Executive Director and CEO, Temasek: “Many emerging economies, especially in Asia, find it challenging to adopt sustainable solutions because of fiscal constraints, limited access to private capital, and marginal bankability for many of their transition projects. Transition financing is key to bridging these gaps, and initiatives like the Private Sector Investment Lab are a crucial step in mobilising capital to accelerate the development and scaling of viable pathways towards net zero. I look forward to working closely with my fellow founding members of the Lab, bringing together public and private sector collaboration to ensure that our impact is amplified.”
Mark Gallogly, Co-Founder and Managing Principal, Three Cairns Group: “A dramatic increase in climate finance is needed, especially in emerging economies. Three Cairns has focused on this need through initiatives like Allied Climate Partners. We are honoured to join The Private Sector Investment Lab and work with the World Bank and leading institutions to help generate, test, and scale solutions that can become commensurate to this crisis.”
World
Multiple Prospects of Russian-African Partnership
By Kestér Kenn Klomegâh
In an increasingly struggle for Russia’s influence in Africa, including political, economic and humanitarian spheres, Foreign Minister Sergey Lavrov started 2026 with a pack of invitations for African foreign ministers, strategically as part of preliminary preparations for the next Russia-Africa summit. Armed with Russia’s policy intentions in Africa (Strategic Action Plan 2023-2026), Lavrov interacted with the same group of foreign ministers in December 2025, in Cairo, the capital of Egypt.
In pursuit of strengthening ‘political dialogue’ which features prominently, Lavrov’s high-ranking guests since the beginning of this year included the Minister of Foreign Affairs of Burkina Faso, Karamoko Traore, with whom several bilateral documents were signed in February. In the same month, Tanzania’s Minister of Foreign Affairs and East African Cooperation, Mahmoud Thabit Kombo, visited with a special focus on expanding cooperation in trade, economic, and investment spheres.
On January 14, the Minister of International Relations and Trade of the Republic of Namibia, Selma Ashipala-Musavyi, went on a working visit to Russia, held comprehensive discussions raising bilateral relations. Ashipala-Musavyi, who serves as Co-Chair of the Intergovernmental Russian-Namibian Commission on Trade and Economic Cooperation, was received by Deputy Prime Minister of the Russian Federation and Plenipotentiary Presidential Envoy to the Far Eastern Federal District Yury Trutnev, who heads the Russian side of the IGC. The conversation focused primarily on the substantive content of the 11th IGC meeting in Windhoek.
Firstly, Russia is one of the world’s largest grain producers. And developing the port infrastructure of the Far East and the Arctic is a potential window for supplies to African countries. Secondly, with the application of state support measures, private investors are creating new large-scale fertiliser production plants. One such enterprise is the Nakhodka Mineral Fertiliser Plant in Primorye Territory, which is scheduled to reach its design capacity in 2027.
“Namibia has rich marine resources and a strategic location. Russia has the fleet, technology and experience. Together, we could maximise catch levels and expand processing. At the same time, Russian companies strive for responsible fishing, paying close attention to marine ecology and the reproduction of key fish stocks,” Zapryagayev said at the business forum that was held in mid-March, as part of the 11th meeting of the Russian-Namibian intergovernmental commission on trade and economic cooperation.
Updated Russia-Kenya’s Experiences
On March 16, Foreign Minister Lavrov held talks with the Prime Cabinet Secretary and Cabinet Secretary for Foreign and Diaspora Affairs of the Republic of Kenya, Mudavadi, who was in Moscow on a working visit on March 15-18. There were detailed discussions on the current state and prospects for Russia–Kenya relations, while both parties outlined practical steps to strengthen political dialogue, and determine pathways for expanding mutually beneficial partnership in trade and the broad economic areas.
An engaged exchange of views resulted in signing a multitude of documents, updated policy interest in Russia’s experience in developing painstaking initiative projects in Kenya. It was described as being in the framework context of Russian foreign policy. In a speech boosting relations, Lavrov, with unrestrained rhetoric, underlined sectors such as energy, including nuclear, telecommunications, geological prospecting, mineral resources mining and high technologies, including space exploration, as promising areas.
Lavrov foresaw Russia’s delay in cooperating with Kenya and suggested speeding up preparations of the agreement on the establishment of a bilateral commission on economic cooperation, an instrument through which to implement economic projects. “We agreed today to expedite the work carried out for rather a long time thus far on preparation of the intergovernmental agreement for the establishment of the Russian-Kenyan commission for economic cooperation,” the minister said.
The visit of Kenya’s foreign minister to Moscow gives a new impetus to the political dialogue between the two parties and makes it possible to outline the path for further deepening of trade and economic relations, agreeing on further conscious efforts in the promising area of bilateral cooperation, at least, as a summary result after Lavrov’s talks with his Kenyan counterpart, Mudavadi.
For now, prospects remain on the table, as Russia shows readiness to offer partnership at a qualitatively new level with Kenya, so also with many African countries. The demand for Russian university education is high in the East African nation. Besides education and training, both Kenyan and Russian officials highly recognise the great potential for increasing trade and economic cooperation, which has not been realised yet. Plans to establish an intergovernmental commission to deal with these matters were announced during Lavrov’s visit to Kenya in 2023. The issue was brought up once again at a meeting between Georgy Karasin, the chairman of the Russian Federation Council’s Committee on Foreign Affairs, and Kathuri Murungi, the Deputy Speaker of Kenya’s Senate.
Notably, the Africa Centre for the Study of Russia (ACSOR), aimed at strengthening scientific, cultural and political ties between Russia and Kenya, opened at the University of Nairobi on February 25, according to local Russian media reports. Western-trained dominates African politics. Russia has under-leveraged its Russian-trained African professionals and specialists, compared to the extent to which the United States and China support theirs in employment structures.
Far ahead of the arrival of the Kenya delegation, Dr. Peter Mutuku Mathuki, Ambassador Extraordinary and Plenipotentiary of the Republic of Kenya in the Russian Federation, told this article author that Russia’s multifaceted cooperation with Kenya has, steadily, taken on a new dimension, emphasizing the two countries look forward to concluding trade agreements under negotiation, which will open up more economic opportunities both at public and private sector levels. Kenya’s priority in the Russian Federation is to implement the objectives of our foreign policy hinged on deepening the Kenya-Russia bilateral relations across the board. However, Kenya’s economic presence in the Russian Federation is currently minimal, as manifested by a limited range of export products to the market in the Russian Federation.
Incredible Lessons from Summits
Nonetheless, before the 2019 summit, trade volume between Russia and Kenya was $397 million in 2018, compared to $625 million in 2023 and $638 million in 2024. Russia still has an opportunity to leverage the untapped potential in the continent to drive sustainable development. Investors can benefit from the diverse government incentives existing across Africa. As Africa is indiscriminately open for business, so in May 2026, Kenya will hold an investment summit for France, to position Africa as a key partner in global innovation and economic development while strengthening bilateral ties with France and advancing Africa’s collective agenda on the international stage.
Today, Russia’s engagement is largely noticeable in politics, while there is little impact on Africa’s economy, except reaping huge revenues from military and weaponry sales to African countries in persistent and endless conflicts, and raising exports of agricultural products such as grains to the continent. In addition, African leaders are excited about the emotional solidarity and harbour nostalgic Soviet-style romanticism. Over the years, African leaders’ negotiations have been one-sided, only considering Russia’s investment in Africa. Thus, until today, Africa’s economic presence is extremely low in the Russian Federation.
Policy experts and academic researchers review the current Russia-Africa relations, portraying it as a threat to Africa’s sovereignty or an opportunity to exploit resources. In the French-Speaking African countries, Russia’s agreements seek uninterrupted access to natural resources in exchange for military cooperation, maintaining security and even providing security guards to African leaders, such as in the Central African Republic (CAR). Since 2017, when Russia operated in CAR, it has hardly undertaken any infrastructure projects or invested in any productive sectors in that country, headed by Faustin-Archange Touadéra.
Russia to Study Africa’s Investment Landscape
Perhaps, and precisely, the Director of the Institute for African Studies of the Russian Academy of Sciences, Professor Irina Abramova, described Russia’s connectivity with Africa explicitly, in her interview with local media African Initiative in February, first pointing to the historical fact that after the collapse of the Soviet era, Russia slammed the door on Africa. She further argued that Russia’s policy is currently full of symbolism, highly-toned rhetoric and little action on implementing agreements signed with several African countries. For now, Africa opens up the broadest economic opportunities for any external player—primarily the Chinese, followed by Indians, and now players from the Arab Gulf region, who picked up this “baton” and are strategically active on the continent.
That, however, simply means Russia has to study the investment landscape. But, constantly referring to reasons such as the lack of money is an ineffective way to deal with Africa, according to Professor Abramova. She suggested to ministry officials to “discard reciting administrative rules and regulations; make way for flexibility. And finally, the most important thing is coordination.”
But in reality, if Russia had built a normal new financial mechanism, it would not have cared. In practical terms, Russia has little foresight. Russia, simply, lacks interconnectedness with Africa and with Africans. That is, elements of psychology and elements of faith are involved. And this is an absolutely new phenomenon that is spreading across the entire world.
For approximately 15 years, Professor Abramova has reiterated that Africa must be approached in a comprehensive and coordinated way. Coordination is the most important thing. First and foremost, it is people, because personnel decide everything. Africans’ attitude towards Russia is, generally, very positive. This is genuinely felt when travelling a great deal around Africa.
Focus on Security over Development
According to researched academic reports, Russia’s weak economic presence in Africa has become research topic in educational institutions, with the Federal Committee on Economic Policy, Association of Economic Cooperation with African States (AECAS) established under the auspices of the Secretariat of the Russia-Africa Partnership Forum (RAPF) and the Coordinating Committee on Economic Cooperation with Africa, pointing to conditions of pressure from sanctions imposed by United States. Finding excuses to cover policy weaknesses. This sole reason has prominently featured in official reports since the start of the Russia-Ukraine crisis in late February 2022. With renewed rising interests in Africa, experts also cited Russia’s weak structures in establishing effective ways of entry into the huge continent full of opportunities.
Russia has only 1% of its direct investment, due to limited financial resources, a lack of investment mechanisms, and severe competition from Chinese and Western investors. Russia focuses on arms and the export of grains to generate revenue for its budget. While Russia has forgotten billions, over 30 years ago, in Soviet-era debts to foster goodwill, this often links to new arms deals, which do not absolutely build diversified, sustainable economic integration in Africa.
Against the backdrop of intensifying relations with Africa, the percentage of collective influence (politics, economy and social, combined) varies: China holds 65%, the US – 53%, the EU – 49%, India – 38% and Russia – 29%. Trade with Africa also varies largely: China has now offered zero-tariff treatment to 52 African countries, and its trade has already reached $348 billion in 2025. India has $58 billion, and the United States has extended its AGOA agreement with Africa. Russia has nothing; at least the trade preferences that were promised over the years have remained meaningless for Africa.
A Few Significant Steps Forward
In this analysis, Russia and Africa have historically come a long way. One significant step forward is to seriously prioritise its policy architecture and turn over a new page in the history of mutually beneficial cooperation, with special attention on the development of corporate business, technology and agro-industrial complex. It has placed concrete emphasis on the importance of the active participation of Russian companies in the implementation of infrastructure projects on the African continent. Building modern distribution centres, developing port complexes and organising joint logistics solutions will be key areas of cooperation.
These ambitious steps will allow us to strengthen Russia’s ultimate position on the market, further outlining practical measures to boost dialogue in economic, trade and other fields, and to establish stable economic relations with African countries. Together, Russia will be able to realise the potential of both regions and ensure the prosperity of Africa and its people.
For multilateralism, and what Foreign Minister Lavrov has frequently mentioned, in the framework of multipolar architecture, Africa has to, without discrimination, interact and hold regular meetings with any external states it seriously considers important for its development. In practical terms, Russia has to demonstrate its preparedness to engage Africa. One fact is clear—Africa, as of today, remains a critical arena for key global powers, balancing the great-power competition and rivalry. African leaders are prepared for this so long as these players truly have adequate funds to invest, not just political rhetoric and a show of symbolism. In a continental context, that is broadly referred to as Africa’s Agenda 2063.
World
Online African Women Conference: From Adaptation in Russia to Issues of Health and Spirituality
By Kestér Kenn Klomegâh
Women, generally, are fighting for their own empowerment in society. Gender equality dominates their activities, flexing their feminine muscles for higher positions, with men, in diverse professional aspects, including politics and entrepreneurial spheres of activity.
Such consistent struggle was backed by a collective declaration, worldwide observing March 8 as International Women’s Day. Until today, March 8 commemorates women’s fight for equality and liberation along with the women’s rights movement. In addition, the March 8 celebration focuses on issues such as gender equality, reproductive rights, and violence and abuse against women.
On the eve of March 8, the Cameroonian Diaspora (Diaspocam) and the “African Business Club” together with Russian women’s organisations, held a special online conference under the theme: “How to Succeed as a Woman in Russia”, which brought together over a hundred participants from different regions, including Africa.
The discussion was dedicated to the challenges of adaptation, career prospects, health, and spiritual security of a fast-growing number of young African women living in the Russian Federation. The conference was moderated by Louis Gouend, a specialist in business communications between Russia and Africa, President of the African Business Club, and an expert of the Council of Russia-Africa Cooperation under the State Duma, lower chamber of Russian legislators.
Louis Gouend congratulated the women participants while extending to them good health, wisdom, and new achievements. The main goal of the conference was to create a space of trust and exchange views on the full spectrum of women’s multidisciplinary approach to questions.
On adaptation and legislation: Alina Andrukh, Director of the International Department, spoke on the topic “Global Adaptation of Foreign Citizens in Russia.” She thoroughly examined educational trajectories for women, employment opportunities, and new legislative realities that foreign women need to consider when building a career in the Russian Federation.
The speaker further placed special emphasis on how to avoid getting into trouble, complying with Russian laws, and protecting one’s rights.
Health Without Barriers and Support Centres: One of the most anticipated speeches was given by Ekaterina Glok, a midwife by profession. In her presentation on “The Health of an African Woman in Russia,” she touched upon the delicate topics of reproductive and sexual health. The expert gave practical advice on how to overcome the language barrier and shyness when visiting a gynaecologist, and explained the specifics of the Russian healthcare system for foreign patients.
Ekaterina, however, reminded the women of the importance of regular medical check-ups: visiting a doctor, at least, once a year is necessary even in the absence of complaints. She informed the participants about the existence of support centres for women and single mothers, where they can turn to in difficult life situations. Additionally, the speaker announced her upcoming working missions in the Republic of Cameroon, planned for May 2026, and gave many practical tips on maintaining women’s health.
Social and Cultural Challenges – Warning About Dangers: An important block of questions concerning safety and conscious motherhood was highlighted by Mme Zima épouse Ndong Toung Celestine Charlotte, Cultural Advisor at the Embassy of Cameroon. She had a frank conversation, warning the girls about scammers and dishonest individuals offering attractive working conditions, behind which often lie indecent earnings and dangerous situations.
The Advisor reminded that for those who came to Russia to study, education should remain their main priority. She urged lady students to be vigilant, not to give in to dubious offers, and to postpone questions of pregnancy and starting a family to a later period, after completing their studies. She touched upon the legal and moral aspects of unwanted pregnancy, calling on the girls to engage in conscious life planning.
Economic Independence and Earning Opportunities: Luciana Tchami, a member of the executive bureau of Diaspocam, a non-profit social organisation, presented a report on “Women’s Capabilities: Professions and Part-Time Jobs for Young Women in Russia.” She gave examples of successful strategies for earning money and building a career within the conditions of the Russian labour market that are accessible to foreign students and young professionals.
The speaker detailed specific areas of work: young women can take short-term training courses and work in beauty salons (manicure, pedicure); many cafes and restaurants offer convenient part-time jobs. Luciana also mentioned specialised websites with attractive conditions for job seekers and opportunities for remote work: becoming a freelancer and helping with tasks online, for online stores, and in other areas.
Spiritual Support: A Reminder of a Woman’s Value. The conference concluded with Pastor Gustave Mbeng, responsible for charity at Diaspocam. His prayer-speech was dedicated to women’s rights and spiritual awakening. As a pastor, Mbeng reminded the participants that woman is the last and most ideal creation of God, perfect in all parameters of the universe. He emphasised that women are more beautiful and harmonious than men, and urged the girls to take care of themselves and not to distance themselves from God, so that there would be fewer difficulties and questions in life.
Pastor Gustave further paid special attention to the theme of preserving life. He took a stand against abortion, reminding that every child is a creation of God, and in the eyes of the Almighty, there is no such concept as abortion. If pregnancy does occur, it is important to preserve the child’s life and trust in God’s providence.
Technical organisation, moderation, translation and coordination of the conference were provided by Iness Zengue Abeng, President of the Association of International Students “Russia-Africa,” and Belle-Grâce Euphrasie, Dean, who acted as interpreter during the online event.
Conclusion and Future Plans: At the end, Louis Gouend extended gratitude to all participants, speakers, and presenters for the warm and trusting atmosphere.
The conference was held in an open dialogue format on the”Yandex Telemost” platform, which allowed women from different parts of Russia to ask questions live and receive moral support. Following the meeting, the organisers decided to hold such an online gathering, including organising a series of meetings not only for women but also for foreigners living in Russia.
The topics of future conferences will aim at education, open discussions, and debate on issues important for Africans in the Russian Federation: knowing one’s rights, being able to avoid unpleasant situations, behaving correctly in difficult life circumstances, and preserving cultural and spiritual identity.
Until now, prejudice and reactionary attitudes have denied full-fledged civic rights to millions of women, who are considered as workers, mothers, family partners, and citizens worldwide. Nevertheless, International Women’s Day, with its chequered history, is a public holiday in several countries. The United Nations observes the holiday in connection with a particular issue, campaign, or theme in women’s rights across the world.
World
Beijing Readies to Hand Over New ECOWAS Building Complex
By Kestér Kenn Klomegâh
Beijing’s decades-long policy decision to expand Chinese presence in Africa has, largely, transcended into gifting buildings. The African Union and Africa’s CDC to Zimbabwe’s parliamentary village, Ghana’s Foreign Ministry headquarters, and Egypt’s sports stadium, among many others, are classic examples. Following all these, China will hand over the new headquarters of the Economic Community of West African States (ECOWAS) in mid-March 2026.
Since the turn of the 21st century, China has risen to become Africa’s geopolitical partner, addressing concrete infrastructural projects across the continent. As is well-known, Beijing does so, with the sole aim of spending thousands of dollars to gain strategic control of the continent’s critical resources.
In an official news release, the regional bloc’s president, Dr Omar Alieu Touray, said that the new headquarters complex in Abuja, Nigeria, which will house the Commission, Parliament, and Court of Justice of the Economic Community of West African States (ECOWAS), will be operational in March 2026.
Built on a 7-hectare site along the road to Abuja airport, the building is currently completed. Known as the ‘Eye of West Africa,’ the new ECOWAS headquarters complex is entirely funded and built by the People’s Republic of China through the China International Development Cooperation Agency (China Aid).
It is a modern and functional administrative building, designed to meet the needs of the West African organisation. It will provide services to create a favourable working environment for the community’s staff members. The new complex comprises a main administrative building with three restaurants/cafeterias, banking rooms, a crèche, a gym, and three blocks containing 899 workstations: block A (central) has 11 floors, and blocks B and C have eight floors each.
It also includes a multipurpose building with security facilities, shops, a water tank, and archive rooms, as well as car parks with a total capacity of 702 parking spaces, a 720-seat auditorium, two committee rooms, a conference room, an equipment room, guard posts, and a helipad.
The new ECOWAS headquarters complex is seen as a symbol of the strengthening cooperation between China and the regional organisation. It is part of a technical and institutional partnership aimed at further supporting ECOWAS’ operational capacities, as well as part of ongoing cooperation between the two parties.
Accordingly, the headquarters complex will enable greater operational efficiency, reduced costs, and increased staff productivity. ECOWAS has expressed deep gratitude and sincere appreciation to China for its commitment and support to the regional organisation through the construction, seen as a ‘symbol of Beijing’s steadfast commitment to West African integration.’
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