A memorial lecture asks something of those of us entrusted with public responsibility: what will work better for our people because we served? Dr Olusegun Agagu’s life gives that question particular meaning. A geologist, entrepreneur, minister and governor, he moved comfortably between science, business and public service — worlds we too often keep apart. He…
Since 2023, 14 African countries have introduced export restrictions on unprocessed critical minerals, requiring “local beneficiation” – or in-country processing and manufacturing – prior to export, and demanding technology and financing. Wealthier countries are also supporting the idea of local beneficiation and stepping up investments in resource-rich countries, promising this will help to lift them…
ABUJA– Former Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu, has welcomed a United Nations resolution encouraging the use of world maps that more accurately represent Africa’s size, but cautioned that a corrected map alone cannot drive the continent’s economic transformation. Moghalu, who disclosed this in a post on his X platform on…
Africa has no shortage of industrial ambition. What it lacks is the financial machinery to turn ambition into factories. For decades, Africa’s economic predicament has been described through the things it appears to lack: infrastructure, industrial capacity, skills, technology, foreign investment. There is another way of looking at the problem. Follow us on WhatsApp |…
Executive Summary Africa’s industrialisation challenge is not primarily a shortage of ideas, policy intent, or entrepreneurial energy, but a constraint in financial architecture and capital deployment. The continent’s ability to build factories, infrastructure, and value-added industries is limited by the cost, structure, and accessibility of long-term finance. Until capital markets are deepened and better aligned…
Addis Ababa — The Ministry of Foreign Affairs has reaffirmed that stronger cooperation between African and Gulf countries is essential for advancing inclusive growth, economic resilience, and shared prosperity. Speaking at a high-level dialogue held in Addis Ababa under the Gulf-Africa Strategic Partnership Initiative (GASP), State Minister of Foreign Affairs Ambassador Hadera Abera said the…
Kampala — The World Bank Group (WBG) Board of Executive Directors today endorsed a new Country Partnership Framework (CPF) for Uganda, a 10-year strategy (2026-2035) designed to accelerate a private sector-led economic transformation and expand opportunities for the country’s rapidly growing population. The CPF, developed in collaboration with the Government of Uganda and in consultation…
Addis Ababa — African countries must stop exporting raw minerals and focus on local processing and manufacturing, if the continent is to achieve the Sustainable Development Goals (SDGs) and build inclusive, long-term prosperity, Tanzania Minerals Deputy Minister Steven Kiruswa said. In an exclusive interview with the Ethiopian News Agency, Kiruswa said sustainable development requires Africa…
Nairobi — TANZANIA has urged African countries to harness their abundant natural resources to build a strong and resilient continental economy, while advocating for global multilateralism that upholds mutual partnerships and sovereign equality. Speaking yesterday shortly after the Africa Forward Summit: Africa- France Partnership for Innovation and Growth in Nairobi-Kenya, Prime Minister Dr Mwigulu Nchemba…
Under the auspices of H.E. Mahmoud Ali Youssouf, Chairperson of the African Union (AU) Commission, the AU Permanent Mission to China, led by H.E. Amb. Alhaji Sarjoh Bah, AU Permanent Representative to the People’s Republic of China, is convening the Annual Retreat of the Group of African Ambassadors in China on the theme “Leveraging China’s…
