Connect with us

World

United Kingdom Pursuing Investment Projects in Africa

Published

on

United Kingdom UK Danger Zones

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.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

World

Essent Slashes Contact Centre Technology Costs by 50%

Published

on

Essent Energy provider

By Modupe Gbadeyanka

The Netherlands’ largest energy provider, Essent, has cut the technology costs of its contact centre infrastructure by half.

The organisation, which serves 2.5 million customers, recorded zero critical incidents post-migration and improved agent workplace satisfaction by 36 per cent.

The migration was delivered in partnership with AI-first customer experience transformation specialists, Sabio Group, and was completed in under 12 weeks for an operation spanning over 1,000 agents across two locations.

Agents were forced to juggle multiple disconnected screens simultaneously — a workflow that was as inefficient as it was stressful.

“Our agents were constantly working with different screens — multiple chat instances open at once, multiple agent desktop instances. It was messy, and in some cases, quite stressful,” SAFe Product Manager for Customer Interaction, Omnichannel and Digital Transformation at Essent, Michiel Kouijzer, stated.

“A lot of colleagues were saying I was mad for even suggesting this approach. It kind of feels like a victory on a personal level that it did work out. You just have to be a little ambitious — and have the right expert partner who can make it work,” Kouijzer added.

With stable cloud infrastructure now firmly in place, Essent is turning its attention to the capabilities that were impossible in its legacy environment: AI-powered call summarisation, agentic customer self-service, and next-generation workforce optimisation.

Rather than a reckless ‘big bang’ cutover that could have affected service to millions of households, Sabio engineered a phased migration strategy — beginning with Essent’s SME segment to validate technical readiness before scaling to the full enterprise operation.

“This project showcases Sabio’s unique position in the contact centre technology landscape. We’re not just moving Essent to the cloud — we’re establishing a foundation for continuous improvement in their customer experience delivery,” the Country Manager for Sabio Group Benelux, Wouter Bakker, commented.

Continue Reading

World

Africa: A New Market for Russian Business

Published

on

New Market for Russian Business

By Kestér Kenn Klomegâh

On April 11, the presentation of the book “Africa: a new market for Russian business” took place, which aroused lively diverse interests among business representatives, entrepreneurs and employees of federal structures of Russia. The event was dedicated to discussing the prospects of Russian companies entering the African market and became a platform for the exchange of views and experiences.

Participating guests, packed in the small hall, included:

– representatives of business circles,

– entrepreneurs interested in new directions of development,

– employees of federal agencies curating foreign economic activity.

The presentation was held in a constructive and friendly atmosphere. The author of the book, Serge Fokas Odunlami, detailed the key ideas and conclusions presented in the publication. Particular attention was paid to the practical aspects of operating in the African market, as well as the analysis of opportunities and risks for Russian companies.

During the lively discussion, participants asked questions, shared their experiences and made suggestions for developing cooperation with African countries. This format allowed not only to get acquainted with the content of the book, but also to discuss topical issues of expanding business relations.

Meaning of the book: The publication, “Africa: a new market for Russian business” offers readers not only analytical, but also practical recommendations on investment and market trends, and how to enter the African market. The book will be a useful tool for those considering Africa as a promising destination for investment and business development.

The presentation of the book became a significant event for the Russian business community interested in expanding cooperation with Africa. Serge Fokas Odunlami introduced the participants to the new edition, which is a comprehensive business guide that gives an impetus for dialogue and implementation of joint entrepreneurial projects and corporate initiatives across Africa.

Continue Reading

World

Ryan Collyer Reveals Reasons Behind Africa’s Significant Energy Deficit

Published

on

Ryan Collyer Rosatom CEO

By Kestér Kenn Klomegâh

Perhaps Russia’s state nuclear corporation, Rosatom, is at the frontline, shaping Africa’s energy security. And African countries are also accelerating coordinated efforts to build nuclear power plants primarily to supply their energy, which will drive industrialisation and boost power capacity for domestic utilisation.

Energy experts say adopting nuclear can further support a diverse energy mix, reduce reliance on fossil fuels, and help across the continent. Over the past two decades, Russia has been collaborating with African countries, adopting energy initiatives to provide power to approximately half the continent’s population, and making it an important component of Africa’s future energy strategy and solutions. At this point, however, it is necessary to underline the irreversible fact that Russia’s ultimate goal is to ensure long-term African energy security.

In this interview, Rosatom’s Chief Executive Director for Central and Southern Africa, Ryan Collyer, reiterates the strategic importance of Russia-Africa’s energy cooperation through strengthening bilateral agreements on collaboration on the peaceful use of nuclear energy. Collyer explains that the Russian approach is its ability to offer an integrated solution, from technology and financing to training and localisation. According to him, partnerships must be built on mutual benefit and on the principle of transparency. Here follows the interview excerpts:

What are the expectations, specifically in the nuclear energy sphere, for Africa during the forthcoming Russia–Africa Summit scheduled for 2026?

The expectation is a clear shift from dialogue to delivery. Over the past few years, we have built a strong foundation through agreements, feasibility discussions and partnerships. The 2026 Russia–Africa Summit is an opportunity to demonstrate tangible progress.

In practical terms, I would expect greater focus on implementation readiness. That includes regulatory development, human capital, financing models and localisation strategies. We also expect to see more structured cooperation in areas like small modular reactors, which are particularly relevant for many African grids, as well as stronger emphasis on education and training partnerships. Ultimately, the success of the Summit will be measured by how many initiatives move from concept to execution.

Why, despite many bilateral agreements, is Africa still experiencing a significant energy deficit?

Africa’s energy deficit is not a result of a lack of ambition or agreements. It is primarily a question of scale, financing and infrastructure readiness. Energy projects, especially large-scale ones, require long-term investment, stable policy frameworks and strong institutional capacity. Many countries are working under fiscal constraints, and at the same time, demand is growing rapidly due to population growth and urbanisation. So, even when progress is made, it can be outpaced by rising demand.

It is also important to understand that many agreements are not meant to deliver immediate infrastructure. They are part of a longer preparation cycle, including feasibility studies, regulatory development and workforce training. Nuclear projects in particular are long-term by nature, and while this can be perceived as slow progress, it is actually a reflection of the level of diligence required.

How do you assess the contribution of nuclear energy to climate change mitigation and technological development in Africa?

Nuclear energy plays a dual role in Africa’s development, both as a clean energy source and as a driver of technological advancement. From a climate perspective, nuclear provides reliable, low-carbon electricity at scale. Africa needs a significant expansion of its energy capacity to support economic growth, and this growth must be both stable and sustainable.

Nuclear allows countries to increase power generation without increasing emissions, while ensuring a consistent baseload supply. At the same time, its impact goes beyond electricity. Nuclear technologies support medicine, agriculture, water management and industrial processes. Across Africa, they are already used in areas such as cancer treatment, food preservation and environmental monitoring, making nuclear a broader platform for sustainable development.

In this context, Rosatom offers integrated solutions across the full nuclear value chain. This includes large-scale and small modular reactors, as well as advanced non-power applications such as nuclear medicine and irradiation technologies. Our focus is on delivering practical, tailored solutions that support long-term development and local capacity building.

Is Africa unprepared to deal with nuclear waste, as some critics suggest?

I would say that preparedness varies across countries, but it would be inaccurate to suggest that the issue is being ignored. Responsible nuclear programmes require a comprehensive approach to waste management from the very beginning. This includes legal frameworks, regulatory oversight, storage solutions and long-term planning. These elements are part of international best practice and are supported by organisations such as the IAEA. What is true is that this topic is often undercommunicated in the public space. It should be discussed more openly, because transparency builds trust.

Countries that are serious about nuclear energy understand that waste management is not optional. It is a core component of the programme, and it is addressed in parallel with all other aspects of development. Rosatom offers comprehensive solutions for spent fuel and radioactive waste management. These include technologies for safe storage, transportation, reprocessing and recycling of nuclear materials. In fact, advanced reprocessing solutions allow for the reuse of valuable components of spent fuel, significantly reducing the volume of waste and improving the overall sustainability of the nuclear cycle.

Nuclear power remains controversial. Why do you believe it is important for Africa, and what role does it play in the energy mix?

Africa needs a balanced and pragmatic energy strategy. The conversation should not be about choosing one technology over another, but about building an energy mix that is reliable, affordable and sustainable. Renewables will play a critical role and are already expanding rapidly. However, they are variable by nature. For industrialisation, countries also need stable, continuous power that is baseload. This is where nuclear can make a meaningful contribution. A diversified energy mix that includes renewables, nuclear, hydropower and other sources allows countries to reduce risk, improve energy security and support long-term economic growth.

Nuclear is not the only solution, but it is an important part of a resilient system, especially for countries with growing industrial ambitions. In this context, Rosatom is able to support countries with integrated energy solutions that combine reliability, sustainability and long-term partnership models, tailored to national development priorities.

How can we shift public perception, given the legacy of Chornobyl and Fukushima?

We cannot rewrite history, and we should not try to. Events like Chornobyl and Fukushima shaped public perception for a reason. The starting point is respect for those concerns, not dismissal. At the same time, what is often missing in the conversation is what happened after those events. Chornobyl, in particular, fundamentally reshaped the entire philosophy of nuclear safety. It led to a complete rethinking of reactor design, emergency response, and regulatory oversight. Independent regulators were strengthened, safety responsibilities were clearly separated from operators, and safety culture became not just a principle but a legal requirement supported by continuous drills and probabilistic risk assessments.

Technologically, the industry also changed dramatically. Modern reactors are designed to withstand even worst-case scenarios, with multi-layered “defence-in-depth” systems, core melt traps, and passive safety mechanisms that rely on natural physical processes rather than human intervention. These are not incremental improvements. They are the direct result of lessons learned at a very high cost. But facts alone do not change perception. People do not build trust through reports. They build it through experience and transparency. That is why our approach in Africa is deliberately open.

We create opportunities for students, young professionals and journalists to visit nuclear facilities, research centres and training programmes. When people can see how systems operate, how safety is managed, and how seriously it is taken, the conversation becomes more grounded and less abstract. There is also an important human dimension that is often overlooked.

The history of Chornobyl is not only a story of tragedy. It is also a story of professionalism, responsibility and the people who managed the crisis and generated the knowledge that made today’s safety standards possible. Acknowledging that the full picture helps move the discussion away from fear alone toward understanding. At the same time, we need to broaden the narrative. Nuclear is not only about power generation. It is about cancer treatment, food security, water management and high-skilled employment. When communities begin to connect nuclear technology with real benefits in their own lives, it stops being an abstract risk and starts becoming a practical solution. Ultimately, perception does not change through persuasion. It changes through consistency. Through transparency, long-term engagement, and real-world impact.

What are your final thoughts on Russia’s preparedness to support Africa’s nuclear ambitions?

Russia has demonstrated that it is committed to long-term partnerships in Africa, particularly in the nuclear sector. We are already seeing concrete examples of cooperation in areas such as project development, education and skills transfer. The key strength of the Russian approach is its ability to offer an integrated solution, from technology and financing to training and localisation. Partnerships must be built on mutual benefit and transparency. Africa’s priorities are clear: energy security, economic development and local capacity building. Any partner that is ready to contribute to these goals consistently and practically will have a meaningful role to play. If we look country by country, the picture becomes even more interesting.

Take Ethiopia. This is a country thinking long-term about energy security and industrialisation. It has strong hydropower, but also understands the need to diversify. Ethiopia is prepared to take a big step towards nuclear energy. In Rwanda, the approach is different. It is focused on innovation and speed. There is a strong interest in small and flexible nuclear technologies, alongside active use of nuclear science in healthcare and agriculture. What stands out is the clarity of vision and pace of implementation.

Then, there is Namibia. As a major uranium producer, the question is how to move up the value chain. Partnerships can help connect resources to technology, skills and future energy applications. So, Russia’s role is not one-size-fits-all.

The real strength lies in adapting to each country’s strategy. If that continues, nuclear cooperation becomes not just about energy, but about shaping long-term technological development. Rosatom is one of the few global players capable of delivering the entire nuclear value chain. This includes reactor technologies, fuel supply, waste management solutions, including reprocessing, as well as long-term operational support and human capital development. This comprehensive capability is what allows us to move projects from concept to reality in a structured and sustainable way.

Continue Reading

Trending