World
United Kingdom Pursuing Investment Projects in Africa
By Kestér Kenn Klomegâh
At least, during the past few years, including the COVID-19 pandemic period, the United Kingdom has consistently followed its planned agenda with African countries. The UK has an agenda and has decisively been implementing all aspects. It describes “Africa as a reliable partner” during its historic UK-Africa Investment Summit held in January 2020.
Monitoring developments after the summit, despite the COVID-19 pandemic that has caused disruptions and lockdowns including in Africa, the United Kingdom has ultimately achieved some successes in Africa. With our broad and random research, we have noticed different priorities – all of which are supporting and strengthening economic partnerships in a number of countries on the continent. The significance of these is to help unlock opportunity, spread prosperity and thus transform lives in Africa.
Judging from our monitoring research indicates that the visible practical steps aimed at building a more resilient continent, it is simultaneously helping to lay the foundation for sustainable future relations. The United Kingdom has displayed, not only heightened interests but also practically delivered on its plans to engage Africa.
As the UK Minister for Africa, MP Vicky Ford, explained, “the overarching aim of all this work is to try to help, build the resilience of countries and to help them have much more durable prosperity. For far too long, African countries have endured the fallout from global forces outside their control and the compelling task is to build more sustainable economies in African countries.”
Take back nearly a decade and a half ago, the 2008 Global Economic Crisis, Africa suffered contagion from what happened in the global financial markets. And the African businesses and African governments were left with holes in their balance sheets from plummeting commodity prices.
“And right now, since Putin’s war against Ukraine, we’ve seen the most dramatic rise in global food, fuel and fertilizer prices in recent history. The consequences of Russia’s illegal aggression are hitting the poorest the hardest, and many of those most exposed are in Africa,” she underscored this undeniable fact – the level of consequences and impact on Africa as a result of Russia’s “special military operation” in Ukraine since late February.
For the past few months this year, African countries have complained about imports of Russian grain or fertilizers. African leaders have understood that it is Russia’s illegal blockade that is preventing Ukrainian grain from leaving that country, and it’s that blockade that is hurting global supplies.
So, time and time again, African countries find themselves buffeted by these global forces and, therefore, the United Kingdom has set a priority to help African countries to insulate themselves against these pressures. Under the current circumstances, what has Russia done to help Africa, it only contributes to deepening social dissatisfaction throughout Africa.
Over the past 12 months, we have calculated or tallied, at least, 14 African countries visited by the UK Minister for Africa, MP Vicky Ford. In most of these African countries, the partnership agenda is, in practical terms, working. It, at the same time, shows a huge difference between rhetoric and what it takes to deliver all that is listed on agenda with Africa. From our monitoring, we can simply say that the United Kingdom is capitalizing on many qualities that make the continent such an attractive destination for investment and for new business there.
On our part, we have discovered a number of positive impacts of the UK’s policy initiatives. For example, in Kenya in East Africa, a British investment of £75 million, through TradeMark East Africa, has eased trade by improving the capacity and efficiency of the Kenyan Ports Authority.
Back 10 years ago, before this investment, it took 10 days on average for goods arriving at Mombasa Port to then leave the port. That turnaround time is now just three and a half days. More goods moving more quickly means that the costs of trade are dramatically reduced, helping trade from Kenya, but also helping those who are importing into this country.
British investors are strategically leveraging unto trade platforms, working to support the creation of an African Continental Free Trade Area (AfCFTA) because trade integration is such a powerful tool to accelerate economic growth, create employment and alleviate or reduce poverty.
The United Kingdom has already trained over 190 African trade negotiators. It is further working closely with the Secretariat to cut red tape on cross-border trade and in March 2022, Minister Vicky Ford and AfCFTA’s Executive Head Wamkele Mene in London announced a package of assistance to get the agreement up and running.
Concretely, it was the launching of a pilot project or programme – the Standards Partnership programme in Ghana and Rwanda. This programme will strengthen supply chains, and reduce barriers to trade by helping both countries meet global standards and regulations.
Then, there’s British International Investment (BII) – the UK’s Development Finance Institution – this continues to be a core part of the economic partnership, offering honest, reliable alternative to financing, to other forms of financing that may come with more strings attached.
Under the G7 presidency, BII pledged to work with its G7 counterparts and multilateral development banks to ramp up the volume of investment into the African private sector – with a collective target of a massive $80 billion available till the year 2027.
BII will target 30% of all new investments into green projects in developing countries over the next 5 years. This will make it one of the world’s largest climate finance providers to African economies.
In Senegal, there is a noticeable transformative impact of the recent BII partnership to expand Dakar’s port infrastructure. This will be Senegal’s largest ever onshore foreign direct investment and will help to drive free trade and to drive economic growth.
In Tanzania, there is also what is referred to as AgDevCo, a UK-funded agribusiness investor. It has transformed ‘Africado’ into a thriving business. They are currently exporting avocados to many British supermarkets. In doing this, it is boosting the livelihood of some 2,000 local smallholders.
Women’s entrepreneurship is a special priority to promote women’s empowerment and support their roles in society. Nigeria, located in West Africa, there are positive results as a result of the impact of £70 million invested in women entrepreneurs and their small businesses.
Our systematic monitoring further shows that the Malindi Solar in Kenya, East Africa’s largest solar plant, was built by the UK firm Globeleq using £32 million of BII financing. It is the sort of green investment British partners need to transition into renewable energy and help them to reduce their exposure to the increasingly unpredictable hydrocarbon markets.
All of these examples proved that development finance is a win-win for African countries and for those who conduct business there. The development finance is not enough, though. But these are very impressive and modest by the range of impactful projects the export credit agency, UKEF has supported across the continent.
UKEF’s very flexible financing rules recognize the global nature of modern supply chains. This flexibility has played a significant role in encouraging oversea buyers to source from UK businesses, whilst also building capacity and creating jobs within developing countries. British companies who use UKEF find these development benefits offer a major competitive advantage when bidding for contracts compared to some of the other external competitors.
Referencing back in January, the launched Growth Gateway is a new business support service to expand trade between the UK and Africa. So far, the Growth Gateway has connected more than 150 African and UK businesses. The Foreign, Commonwealth & Development Office has expressed readiness to build on this workable economic diplomacy with Africa.
The UK will be collaborating with a newly launched IFC facility to develop more local currency bonds and support its Financial Sector Deepening Platform (FSDA) in expanding to 45 African countries. It is forming regulatory partnerships, such as the Mauritius Africa Fintech Festival and the Bank of England’s partnership with Morocco’s Bank Al-Maghrib.
Our research shows that 112 African companies listed on the London Stock Exchange (LSE) are worth more than £125 billion. Trade UK-Africa trade is approximately £48 billion. It sets a target of mobilizing more sustainable finance, which would include 600 British companies across the continent by CDC Group.
In summary, all these recounted in this article demonstrate the United Kingdom’s achievements and further its practical commitment to partner with African countries in order to drive growth, trade and investment opportunities all across the continent. African leaders and governments and the private sector operators are continuously embracing these efforts. Creating a resilient future through sustainable economic growth is at the heart of the United Kingdom.
World
Today’s Generation of Entrepreneurs Value Flexibility, Autonomy—McNeal-Weary
By Kestér Kenn Klomegâh
The Young African Leaders Initiative (YALI) is the United States’ signature step to invest in the next generation of African leaders. Since its establishment in 2010 by Obama administration, YALI has offered diverse opportunities, including academic training in leadership, governance skills, organizational development and entrepreneurship, and has connected with thousands of young leaders across Africa. This United States’ policy collaboration benefits both America and Africa by creating stronger partnerships, enhancing mutual prosperity, and ensuring a more stable environment.
In our conversation, Tonya McNeal-Weary, Managing Director at IBS Global Consulting, Inc., Global Headquarters in Detroit, Michigan, has endeavored to discuss, thoroughly, today’s generation of entrepreneurs and also building partnerships as a foundation for driving positive change and innovation in the global marketplace. Here are the excerpts of her conversation:
How would you describe today’s generation of entrepreneurs?
I would describe today’s generation of entrepreneurs as having a digital-first mindset and a fundamental belief that business success and social impact can coexist. Unlike the entrepreneurs before them, they’ve grown up with the internet as a given, enabling them to build global businesses from their laptops and think beyond geographic constraints from day one. They value flexibility and autonomy, often rejecting traditional corporate ladders in favor of building something meaningful on their own terms, even if it means embracing uncertainty and financial risk that previous generations might have avoided.
And those representing the Young African Leaders Initiative, who attended your webinar presentation late January 2026?
The entrepreneurs representing the Young African Leaders Initiative are redefining entrepreneurship on the continent by leveraging their unique perspectives, cultural heritage, and experiences. Their ability to innovate within local contexts while connecting to global opportunities exemplifies how the new wave of entrepreneurs is not confined by geography or conventional expectations.
What were the main issues that formed your ‘lecture’ with them, Young African Leaders Initiative?
The main issues that formed my lecture for the Young African Leaders Initiative were driven by understanding the importance of building successful partnerships when expanding into the United States or any foreign market. During my lecture, I emphasized that forming strategic alliances can help entrepreneurs navigate unfamiliar business environments, access new resources, and foster long-term growth. By understanding how to establish strong and effective partnerships, emerging leaders can position their businesses for sustainable success in global markets. I also discussed the critical factors that contribute to successful partnerships, such as establishing clear communication channels, aligning on shared goals, and cultivating trust between all parties involved. Entrepreneurs must be proactive in seeking out partners who complement their strengths and fill gaps in expertise or resources. It is equally important to conduct thorough due diligence to ensure that potential collaborators share similar values and ethical standards. Ultimately, the seminar aimed to empower YALI entrepreneurs with practical insights and actionable strategies for forging meaningful connections across borders. Building successful partnerships is not only a pathway to business growth but also a foundation for driving positive change and innovation in the global marketplace.
What makes a ‘leader’ today, particularly, in the context of the emerging global business architecture?
In my opinion, a leader in today’s emerging global business architecture must navigate complexity and ambiguity with a fundamentally different skill set than what was previously required. Where traditional leadership emphasized command-and-control and singular vision, contemporary leaders succeed through adaptive thinking and collaborative influence across decentralized networks. Furthermore, emotional intelligence has evolved from a soft skill to a strategic imperative. Today, the effective modern leader must possess deep cross-cultural intelligence, understanding that global business is no longer about exporting one model worldwide but about genuinely integrating diverse perspectives and adapting to local contexts while maintaining coherent values.
Does multinational culture play in its (leadership) formation?
I believe multinational culture plays a profound and arguably essential role in forming the kind of leadership required in today’s global business environment. Leaders who have lived, worked, or deeply engaged across multiple cultural contexts develop a cognitive flexibility that’s difficult to replicate through reading or training alone. More importantly, multinational exposure tends to dismantle the unconscious certainty that one’s own way of doing things is inherently “normal” or “best.” Leaders shaped in multicultural environments often develop a productive discomfort with absolutes; they become more adept at asking questions, seeking input, and recognizing blind spots. This humility and curiosity become strategic assets when building global teams, entering new markets, or navigating geopolitical complexity. However, it’s worth noting that multinational experience alone doesn’t automatically create great leaders. What matters is the depth and quality of cross-cultural engagement, not just the passport stamps. The formation of global leadership is less about where someone has been and more about whether they’ve developed the capacity to see beyond their own cultural lens and genuinely value differences as a source of insight rather than merely tolerating them as an obstacle to overcome.
In the context of heightening geopolitical situation, and with Africa, what would you say, in terms of, people-to-people interaction?
People-to-people interaction is critically important in the African business context, particularly as geopolitical competition intensifies on the continent. In this crowded and often transactional landscape, the depth and authenticity of human relationships can determine whether a business venture succeeds or fails. I spoke on this during my presentation. When business leaders take the time for face-to-face meetings, invest in understanding local priorities rather than imposing external agendas, and build relationships beyond the immediate transaction, they signal a different kind of partnership. The heightened geopolitical situation actually makes this human dimension more vital, not less. As competition increases and narratives clash about whose model of development is best, the businesses and nations that succeed in Africa will likely be those that invest in relationships characterized by reciprocity, respect, and long-term commitment rather than those pursuing quick wins.
How important is it for creating public perception and approach to today’s business?
Interaction between individuals is crucial for shaping public perception, as it influences views in ways that formal communications cannot. We live in a society where word-of-mouth, community networks, and social trust areincredibly important. As a result, a business leader’s behavior in personal interactions, their respect for local customs, their willingness to listen, and their follow-through on commitments have a far-reaching impact that extends well beyond the immediate meeting. The geopolitical dimension amplifies this importance because African nations now have choices. They’re no longer dependent on any single partner and can compare approaches to business.
From the above discussions, how would you describe global business in relation to Africa? Is it directed at creating diverse import dependency?
While it would be too simplistic to say global business is uniformly directed at creating import dependency, the structural patterns that have emerged often produce exactly that outcome, whether by design or as a consequence of how global capital seeks returns. Global financial institutions and trade agreements have historically encouraged African nations to focus on their “comparative advantages” in primary commodities rather than industrial development. The critical question is whether global business can engage with Africa in ways that build productive capacity, transfer technology, develop local talent, and enable countries to manufacture for themselves and for export—or whether the economic incentives and power irregularities make this structurally unlikely without deliberate policy intervention.
World
Russia Expands Military-Technical Cooperation With African Partners
By Kestér Kenn Klomegâh
Despite geopolitical complexities, tensions and pressure, Russia’s military arms and weaponry sales earned approximately $15 billion at the closure of 2025, according to Kremlin report. At the regular session, chaired by Russian President Vladimir Putin on Jan. 30, the Commission on Military and Technical Cooperation with Foreign Countries analyzed the results of its work for 2025, and defined plans for the future.
It was noted that the system of military-technical cooperation continued to operate in difficult conditions, and with increased pressure from the Western countries to block business relations with Russia. The meeting, however, admitted that export contracts have generally performed sustainably. Russian military products were exported to more than 30 countries last year, and the amount of foreign exchange exceeded $15 billion.
Such results provide an additional opportunity to direct funds to the modernization of OPC enterprises, to the expansion of their production capacities, and to advanced research. It is also important that at these enterprises a significant volume of products is civilian products.
The Russian system of military-technical cooperation has not only demonstrated effectiveness and high resilience, but has created fundamental structures, which allow to significantly expand the “geography” of supplies of products of military purpose and, thus strengthen the position of Russia’s leader and employer advanced weapons systems – proven, tested in real combat conditions.
Thanks to the employees of the Federal Service for Military Technical Cooperation and Rosoboronexport, the staff of OPC enterprises for their good faith. Within the framework of the new federal project “Development of military-technical cooperation of Russia with foreign countries” for the period 2026-2028, additional measures of support are introduced. Further effective use of existing financial and other support mechanisms and instruments is extremely important because the volumes of military exports in accordance with the 2026 plan.
Special attention would be paid to the expansion of military-technological cooperation and partnerships, with 14 states already implementing or in development more than 340 such projects.
Future plans will allow to improve the characteristics of existing weapons and equipment and to develop new promising models, including those in demand on global markets, among other issues – the development of strategic areas of military-technical cooperation, and above all, with partners on the CIS and the CSTO. This is one of the priority tasks to strengthen both bilateral and multilateral relations, ensuring stability and security in Eurasia.
From January 2026, Russia chairs the CSTO, and this requires working systematically with partners, including comprehensive approaches to expanding military-technical relations. New prospects open up for deepening military-technical cooperation and with countries in other regions, including with states on the African continent. Russia has been historically strong and trusting relationships with African countries. In different years even the USSR, and then Russia supplied African countries with a significant amount of weapons and military equipment, trained specialists on their production, operation, repair, as well as military personnel.
Today, despite pressure from the West, African partners express readiness to expand relations with Russia in the military and military-technical fields. It is not only about increasing supplies of Russian military exports, but also about the purchase of other weapons, other materials and products. Russia has undertaken comprehensive maintenance of previously delivered equipment, organization of licensed production of Russian military products and some other important issues. In general, African countries are sufficient for consideration today.
World
Trump Picks Kevin Warsh to Succeed Jerome Powell as Federal Reserve Chair
By Adedapo Adesanya
President Donald Trump has named Mr Kevin Warsh as the successor to Mr Jerome Powell as the Federal Reserve chair, ending a prolonged odyssey that has seen unprecedented turmoil around the central bank.
The decision culminates a process that officially began last summer but started much earlier than that, with President Trump launching a criticism against the Powell-led US central bank almost since he took the job in 2018.
“I have known Kevin for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best,” Mr Trump said in a Truth Social post announcing the selection.
US analysts noted that the 55-year old appear not to ripple market because of his previous experience at the apex bank as Governor, with others saying he wouldn’t always do the bidding of the American president.
If approved by the US Senate, Mr Warsh will take over the position in May, when Mr Powell’s term expires.
Despite having argued for reductions recently, “Warsh has a long hawkish history that markets have not forgotten,” one analyst told Bloomberg.
President Trump has castigated Mr Powell for not lowering interest rates more quickly. His administration also launched a criminal investigation of Powell and the Federal Reserve earlier this month, which led Mr Powell to issue an extraordinary rebuke of President Trump’s efforts to politicize the independent central bank.
-
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 agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn











