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Saudi Arabia to launch giant investment initiative in African 

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Saudi Arabia to launch giant investment initiative in African 

Saudi Arabia to launch giant investment initiative in African 

By: Our Reporter

The Kingdom of Saudi Arabia has said that it was prepared to launch giant investment initiatives in Nigeria and many other African countries.

The initiative is part of the $1 billion development investment package pledged during the Paris Conference 2021. 

The plan was revealed during a visit to the Economic Community of West African States, ECOWAS Commission by a Saudi Arabia team led by the Royal Court Advisor to the Kingdom, Mr. Ahmadi Bin Abdul-Aziz Kattan who said his country would be working with the Commission in launching the initiatives in member states. 

Abdul-Aziz Kattan who was received by the president of the ECOWAS Commission, Jean Claude Kassi-Brou, said his country’s area of interest include education. security and investment development. 

He said: “Your organisation is one of the most important stakeholders that we look

forward to working with, through real strategic programmes and plans that can be reflected in reality in the field of investment and raising the level of economic performance, and realistic projects that achieve the aspirations of our peoples harmoniously in many fields such as (industry, financial transactions, agriculture, fishing, mining, transportation, regional security, and energy projects of all kinds), which have become one of the most important factors for the success of any investment strategy in our rapidly developing and civilized world.

Also Read: FEC approves N90.8bn for road repair in Taraba, airport…

He explained that the initiative is meant to help the region and the entire continent at large “to achieve development and prosperity for its people through giant strategic projects that achieve the aspirations of the African people. away from bargaining, exploitation or looting of their national wealth.”

He therefore seek for the cooperation the regional body “In order for both parties to be beneficiaries through an equitable investment formula for the African continent and its people, we must all cooperate for the sake of Africa and work for the success of these two summits and coordinate with African regional organizations to find out the most important facts that serve our people.”

He further added that: “The Kingdom welcomes coordination and exchange of views and proposals that will assist in reaching this goal. On the other hand, the Kingdom’s positions assure the importance of development in the African continent, according to the United Nations General Assembly Resolution No. 6011 of 2005 AD to promote development and investment in it.”

Now, let me present to you of the most important achievements of the Kingdom of Saudi Arabia, the true ally of the African continent, which is represented in its initiative to establish the (Council of Arab and African States bordering the Red Sea and Gulf of Aden), whose founding charter was signed in Riyadh on January 6, 2020, and was ratified. 

“This council is one of the most important geopolitical and economic tools that enable the Kingdom and the African continent to ensure the smooth conduct of navigation and international maritime trade between Asia, Africa and Europe, as this corridor constitutes 27% of the global trade volume and is estimated at about 4.2 trillion dollars annually and passes through it 3.3 million barrels of oil per day, which constitutes 40% of global production. Given the importance of the Red Sea and the Gulf of Aden as an international maritime and trade corridor linking the poles of the East and West, the Kingdom has sought to establish this.”

The President of the ECOWAS Commission, Jean Claude Kassi-Brou said he is happy with the interest from Saudi Arabia.

He noted that of particular interest is the help the region will be receiving from Saudi Arabia in the fight against terrorism which is fast becoming a major challenge in the area.

Saudi Arabia to launch giant investment initiative in African 

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United Kingdom, Canada, Australia Launch Campaign Against Visa Fraud

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United Kingdom, Canada, Australia Launch Campaign Against Visa Fraud

By: Michael Mike

The Diplomatic Missions of the United Kingdom, Canada and Australia have announced the launch of a coordinated international campaign to combat visa fraud and protect people from exploitation by fraudulent immigration facilitators.

According to a statement on Monday, the #FightingVisaFraud campaign was launched during International Fraud Awareness Week (16-22 November) and represents an unprecedented level of cooperation between the three countries to tackle a shared global threat that costs victims millions of pounds annually and puts vulnerable people at risk of exploitation, financial ruin and legal consequences.

The statement read: “Visa fraud and illegal immigration facilitation have reached alarming levels globally, with criminal networks using increasingly sophisticated tactics to deceive prospective visa applicants. Victims are often promised guaranteed visas, jobs without proper qualifications, or expedited processing in exchange for exorbitant fees. The reality is financial loss, visa refusals, travel bans and, in the worst cases, trafficking and exploitation.

“Our countries have identified common patterns of visa fraud affecting their immigration systems. This coordinated campaign demonstrates the three countries’ commitment to protecting legitimate visa applicants while maintaining the integrity of their immigration systems and secure borders.”

British High Commissioner to Nigeria, Dr. Richard Montgomery said: “Visa fraud destroys dreams and devastates families. Criminal facilitators prey on people’s legitimate aspirations for a better life, stealing their money and putting them at risk of serious harm. Through this joint campaign with our international partners, we are sending a clear message: use only official channels, verify all advice, and report suspicious activity. The UK welcomes legitimate visa applications through proper routes – but those who attempt fraud face serious consequences, including 10-year travel bans.”

Canadian High Commissioner to Nigeria, Mr. Pasquale Salvaggio added: “Canada is committed to working with our international partners to combat visa fraud and protect people from exploitation. This campaign reflects our shared values and determination to maintain fair, secure immigration systems while supporting those who seek to travel, study or work through legitimate pathways.”

The statement added: Our three countries urge prospective visa applicants to: Use only official government websites for visa information and applications; Verify immigration advisers are properly registered and regulated; Be suspicious of guarantees, no one can guarantee visa approval; Watch for warning signs including demands for excessive fees, pressure to pay quickly, promises of jobs without proper qualifications, or offers to bypass standard requirements; Report suspicious activity to the relevant authorities.

The statement advised applicants seeking legitimate information to visit: www.gov.uk/browse/visas-immigration (United Kingdom); immigration, Refugees and Citizenship Canada – Canada.ca (Canada)

The statement warned that people who attempt to obtain a visa through fraudulent means face serious consequences, including visa application refusal, travel bans of up to 10 years, financial loss with no recourse, criminal charges in some jurisdictions, and exploitation and trafficking risks, noting that the three countries’ immigration authorities work closely with law enforcement to investigate and prosecute visa fraud and illegal facilitation.

United Kingdom, Canada, Australia Launch Campaign Against Visa Fraud

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Algeria Calls for Continued Development, Stronger Ties with Nigeria

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Algeria Calls for Continued Development, Stronger Ties with Nigeria

By: Michael Mike

Algeria’s Ambassador to Nigeria, Hocine Mezoued has reaffirmed his country’s commitment to sustainable development and stronger ties with Nigeria.

He gave the commitment in Abuja at the commemoration of the 71st anniversary of the outbreak of the National Liberation Struggle and Algeria’s National Day celebration.

The event drew senior representatives of the Nigerian government, members of the diplomatic corps, legislators, and other distinguished guests.

In his address, Ambassador Mezoued paid homage to the more than five million Algerian martyrs who lost their lives during the 132-year anti-colonial struggle, noting that the November Revolution remains “an inexhaustible source of pride and patriotism” for the Algerian people.

He emphasized that Algeria’s victory in securing independence in 1962 laid the groundwork for a nation strongly focused on development. He said: “Since its independence, Algeria has implemented national strategies and major development projects that have yielded remarkable achievements in human, economic, social, and environmental spheres.”

The envoy while underlining the country’s economic strength, noted that Algeria is currently the third-largest economy in Africa, with a GDP estimated at around US$300 billion, and projections to reach US$400 billion by 2027, backed by positive macroeconomic indicators.

He stated that despite its economic ambitions, Algeria has maintained its social welfare commitments, claiming that citizens continue to enjoy free access to education and healthcare, along with government-supported efforts to ensure decent housing for all.

Mezoued’s message highlighted both the historical significance of Algeria’s struggle for independence and the nation’s forward-looking drive toward modernization and prosperity.

On his part, the Speaker of Nigeria’s House of Representatives, Rt. Hon. Tajudeen Abbas expressed the country’s commitment to deepening diplomatic and parliamentary cooperation with Algeria as both nations continue to strengthen their longstanding ties.

The Speaker, who was represented by the Chairman of the Nigeria–Algeria Parliamentary Friendship Group Committee, Hon. Abubakar Babazango, in goodwill message described the anniversary as a moment of deep significance for Algeria and the entire African continent. He paid tribute to the courage and resilience of the Algerian people, whose struggle for liberation, launched 71 years ago, remains “an enduring symbol of hope” for oppressed peoples worldwide.

He said: “This day reminds us of the unity and sacrifice of the Algerian people who rose with determination to reclaim their freedom and dignity.”

He highlighted the strong diplomatic ties between Nigeria and Algeria, noting that both countries share a history of solidarity and a common vision for peace, development, and prosperity in Africa. He emphasized the role of the Nigeria–Algeria Parliamentary Friendship Group in fostering collaboration across key sectors, including trade, education, energy, and cultural exchange.

He said: “As we mark this historic occasion, may the friendship between Nigeria and Algeria continue to grow in unity and progress.”

The event was attended by members of the diplomatic corps, government officials, legislators, and other distinguished guests.

Algeria Calls for Continued Development, Stronger Ties with Nigeria

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An Open China for a Shared Future

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An Open China for a Shared Future

By: Yu Dunhai
 
Not long ago, the Fourth Plenary Session of the 20th Central Committee of the Communist Party of China was convened in Beijing. During the session, the document Recommendations of the Central Committee of the Communist Party of China for Formulating the 15th Five-Year Plan for National Economic and Social Development was deliberated and adopted, charting the course for China’s development over the next five years.
 
The plenum called for steadily expanding institutional opening-up, safeguarding the multilateral trading system, promoting broader international economic flows, and advancing reform and development through opening-up, thereby creating broader space for China and the world to share development opportunities.
 
In early November, the 8th China International Import Expo (CIIE) was successfully held in Shanghai. As the first major economic and diplomatic event following the Fourth Plenary Session, this year’s CIIE not only demonstrated the vast potential of the Chinese market but also served as a platform for global partners, including Nigeria, to connect and collaborate.
 
Nigeria participated in the Expo a Guest Countryof Honor. During the event, the Hon.Tajudeen Abbas, Speaker of the House of Representatives, attended and addressed the opening ceremony.Chinese Premier Li Qiang held a productive meeting with the Hon. Tajudeen Abbas and his delegation. Building on these high-level engagements, Nigeria’s presence was further highlighted at its national pavilion.
 
Showcasing the country’s economic achievements, investment potential, and high-quality products, the Nigeria Pavilion attracted considerable attention from Chinese buyers and investment institutions. Nigerian businesses used this platform to gain direct access to China’s vast market and enhance their brand visibility through exchanges with international exhibitors.Key Nigerian exports—such as agricultural products, processed foods, and creative industry goods—continued to be well-received by Chinese consumers, injecting new vitality into bilateral economic and trade relations.
 
This year, the CIIE upgraded its special exhibition zone for products from the world’s least developed countries, many of which are from Africa. This upgrade enabled enterprises and products from all 53 African countries that have diplomatic ties with China to fully benefit from zero-tariff treatment. More than 80 business associations from over 50 countries and regions participated as groups, underscoring the CIIE’s unique role in supporting global small and medium-sized enterprises. The Hongqiao International Economic Forum, held in tandem with the CIIE, focused for the first time on the themes of“economic resilience” and “sustainable agricultural development” in the Global South, further demonstrating China’s commitment to advancing hand in hand with developing countries.
 
Over the past five years, China’s economy has maintained steady growth amid a complex international environment. By the end of 2025, China’s total economic output is expected to reach around 140 trillion yuan (approximately USD 19.4 trillion), contributing about 30% to global economic growth. China has continued to promote technological innovation and green transformation while further expanding opening up, creating new opportunities for global cooperation.
 
Nigeria, as a major African economy with a young population and vast market potential, has seen its relations with China enter a fast track of development under the strategic guidance of the two heads of state. Bilateral trade has grown steadily, surpassing USD 20 billion in the first three quarters of 2025, a year-on-year increase of 32.56%. China has remained one of Nigeria’s top trading partners for many years. The two countries have achieved fruitful cooperation in energy, agriculture, manufacturing, infrastructure, and the digital economy, while also exploring new opportunities in green transformation and emerging industries.
 
The year 2026 will mark the 55th anniversary of the establishment of diplomatic relations between China and Nigeria. China is ready to take this opportunity to deepen the alignment of development strategies with Nigeria, effectively connecting China’s 15th Five-Year Plan with Nigeria’s “Renewed Hope” Agenda, expand practical cooperation across multiple fields, and support Nigeria’s industrial and agricultural modernization.
 
Today, the world is undergoing profound changes unseen in a century. China cannot be separated from the world in achieving development, and the world also needs China for prosperity. No matter how the international landscape evolves, China’s determination to expand high-level opening up will remain unchanged; its resolve to share development opportunities with the world will remain unchanged; and its commitment to promoting open, inclusive, balanced, and win-win economic globalization will remain unchanged.
 
China will continue to advance high-level opening up, work together with Nigeria and other African countries to build a closer China-Africa community with a shared future, and jointly create a better future defined by openness, cooperation, and mutual benefit.
Yu Dunhai is Chinese Ambassador to Nigeria

An Open China for a Shared Future

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