News
Europe Leads Mobilization of €15.5 billion Investment in Clean Energy for Africa
Europe Leads Mobilization of €15.5 billion Investment in Clean Energy for Africa
By: Michael Mike
An investment of €15.5 billion has been secured to power a clean future across Africa, as well as additional commitments in clean energy generation and access for households to electricity as a result of a
year-long campaign to mobilise investments in renewable energy on the African continent, led by European Commission President Ursula von der Leyen and South African President Cyril Ramaphosa.
The European Union led the pledging effort, with more than €15.1 billion. This includes a pledge made by President von der Leyen, on behalf of Team Europe, of over €10 billion, as well as significant additional bilateral contributions by European financial institutions, Member States and their Development Finance Institutions, and estimated private investment mobilised.
The campaign, organised in collaboration with the international advocacy organisation Global Citizen and with the policy support of the International Energy Agency, according to a statement on Sunday by EU, was aimed at driving public and private investment in supporting the clean energy transition in Africa, expand access to electricity – and promote Africa’s sustainable economic growth and decarbonised industrialisation.
The statement added that this also represents a step up to accelerate the transition from fossil fuels to clean and sustainable energy globally.
President von der Leyen said: “Today, the world has stepped up for Africa. With €15.5 billion, we are turbocharging Africa’s clean-energy transition. Millions more people could gain access to electricity; real, life-changing power for families, for businesses, for entire communities. This investment is a surge of opportunity: thriving markets, new jobs, and reliable, clean energy that meets the needs of partners across the globe President Ramaphosa and I both look forward to a clean-energy future for the continent. A future led by Africa, with strong support from its friend and partner, Europe.”
The Team Europe package announced by President von der Leyen includes new Global Gateway projects co-financed with contributions from Germany, France, Denmark, Italy, the Netherlands, and Spain as well as the European Investment Bank (€2.1 billion) and the European Bank for Reconstruction and Development (€740 million). In addition, Italy (€2.4 billion), Germany (over €2 billion), the Netherlands including FMO (€250 million), Portugal (€113 million), Denmark (€81 million), Sweden (€44 million), Austria (€5 million), Ireland (€5 million) made bilateral contributions, worth over €5 billion, while the EBRD announced a separate bilateral investment of over €600 million.
In the context of the campaign, the African Development Bank pledged to allocate at least 20% of the African Development Fund’s 17th replenishment to renewable energy. Norway pledged approximately €53 million through their contribution to the African Development Fund over 2026-2028.
The campaign also secured additional commitments that will generate 26.8 GW generated renewable energy and bring renewable electricity to 17.5 million households a that currently live without reliable access.
From the €10 billion pledged by President von der Leyen on behalf of Team Europe, €3.1 billion were announced previously on the occasion of the EU-South Africa summit in March 2025, the Mattei Plan for Africa and Global Gateway event in June 2025, the Africa Climate Summit and the United Nations General Assembly in September 2025 and the Global Gateway Forum in October 2025, while €7 billion were announced by the President during the final pledging event in Johannesburg on 21 November.
A list of projects included in the announcement is available online, and in
addition to the campaign pledges, a number of Team Europe actors have indicated their intention to increase investments in renewable energy by 2030. This amounts to another €4 billion.
The ‘Scaling up Renewables in Africa’ campaign was launched in November 2024 in Rio de Janeiro by European Commission President Ursula von der Leyen and South African President Cyril Ramaphosa. Its aim was to drive new commitments on policy and finance from governments, financial institutions, the private sector and philanthropists. The campaign also created momentum more broadly towards the ambitious targets of tripling renewable energy and doubling energy efficiency worldwide, set at COP28.
Currently, 600 million people still lack access to electricity in Africa. With Africa’s population set to double by 2050, providing affordable, sustainable energy is crucial for both the continent’s development and global climate goals. Africa holds 60% of the world’s best solar resources, offering a significant opportunity for renewable energy.
Despite this, the continent attracts only 2% of global energy investment, and faces challenges like high capital costs, limited investment, geographic barriers, and supply chain constraints, but through the Global Gateway investment strategy, and in particular through the Africa-Europe Green Energy Initiative (AEGEI), the European Union is working with African partners to seize this opportunity. The EU is delivering major investments in renewable energy generation, transmission and cross-border electricity trade, while building long-term, reliable partnerships to support Africa’s clean energy future.
Europe Leads Mobilization of €15.5 billion Investment in Clean Energy for Africa
News
Nigerian Solidarity Groups Mourn Cubans Killed in Venezuela, Condemn U.S. Actions
Nigerian Solidarity Groups Mourn Cubans Killed in Venezuela, Condemn U.S. Actions
By: Michael Mike
The Nigeria Movement of Solidarity with Cuba (NMSC) has expressed deep condolences to the government and people of Cuba following the killing of 32 Cuban internationalists in Venezuela.
In a press statement issued in Abuja on Saturday, the pro-people coalition, which includes labour unions, civil society organisations and intellectuals, alleged that the Cuban nationals were killed during an attack in Caracas on January 3, 2026, while protecting Venezuelan President Nicolás Maduro, his wife, Cilia Flores, and what it described as the sovereignty of Venezuela.
The group said the Cubans chose to resist despite being overwhelmed, describing their actions as a demonstration of courage, honour and commitment to international solidarity.
NMSC drew parallels between the incident and past historical events where Cuban nationals were involved in overseas struggles, including the 1983 U.S.-led invasion of Grenada and Cuba’s military support for African liberation movements in Angola, Namibia and South Africa during the fight against apartheid.
According to the organisation, thousands of Cuban youths lost their lives in Africa while contributing to the dismantling of apartheid systems backed by Western powers. The group noted that Cuba’s internationalism has not been limited to armed conflicts, citing the country’s long-standing medical outreach to developing nations, including Nigeria.
The statement also recalled Cuba’s response during the COVID-19 pandemic, when it dispatched medical teams to dozens of countries and received hundreds of stranded cruise ship passengers at a time many nations had closed their borders.
NMSC extended its sympathy to the families of those killed in Venezuela and called on the United States government to respect international law, halt what it described as foreign military interventions, and lift sanctions imposed on Cuba, Venezuela and other countries.
The group further aligned itself with repeated resolutions of the United Nations General Assembly calling for the end to the decades-long U.S. embargo against Cuba, insisting that global peace and development require cooperation rather than conflict.
The statement was signed by veteran labour activist and writer, Owei Lakemfa, on behalf of the Nigeria Movement of Solidarity with Cuba
Nigerian Solidarity Groups Mourn Cubans Killed in Venezuela, Condemn U.S. Actions
News
NGX’s N100 trillion milestone, proof of growing sophistication of Nigeria’s capital market- Stockbrokers
NGX’s N100 trillion milestone, proof of growing sophistication of Nigeria’s capital market- Stockbrokers
The Chartered Institute of Stockbrokers (CIS) and the Association of Securities Dealing Houses of Nigeria (ASHON) have congratulated the Board, Management, and staff of Nigerian Exchange Group Plc and Nigerian Exchange Limited on the historic achievement of the Nigerian capital market crossing the N100 trillion market capitalisation mark.
The commendation was issued via a press statement on Friday, jointly signed by Mr Samuel Sehinde Adenagbe, Chairman, Association of Securities Dealing Houses of Nigeria and Mr Oluropo Dada, the 13th President/Chairman of Council Chartered Institute of Stockbrokers.
They described the NGX’s achievement as a remarkable milestone and a major affirmation of the resilience, depth, and growing sophistication of Nigeria’s capital market, and a clear signal of renewed investor confidence in the Nigerian economy.
“Crossing the N100 trillion threshold is not only a symbolic landmark; it reflects the capacity of Nigeria’s capital market to mobilise long-term funds for infrastructure, enterprise development, and economic transformation.
“It underscores the vital role of the market in financing growth, creating wealth for investors, and supporting national development objectives,” the said.
According to them, the achievement will not have been possible without the visionary leadership and strategic direction of the NGX Board, as well as the professionalism and dedication of its Management and staff, led by versatile stockbrokers: Dr. Umaru Kwairanga; Mr. Temi Popoola; and Mr. Jude Chiemeka and Mr. Femi Sobanjo.
“We also commend the unwavering commitment and versatility of dealing member firms and stockbrokers who continue to serve as the backbone of the market, ensuring liquidity, transparency, and investor protection.
“Their collective efforts have strengthened market integrity, broadened participation, and improved the overall efficiency of the Exchange.”
The CIS and ASHON also commend the Federal Government of Nigeria for providing a supportive macroeconomic and regulatory environment that has encouraged domestic and foreign investment, promoted market reforms, and enhanced the attractiveness of Nigerian assets.
They stated that policy stability, ongoing reforms, and a clear commitment to private sector-led growth have played a crucial role in creating the conditions for this historic market expansion.
They further commended SEC for providing sound regulations and market development.
They stated that the CIS and ASHON would continue to advocate ethical governance in the capital market with all stakeholder playing by the rules of the game.
They further restated their commitment to sustaining the momentum through robust regulation provided by Securities and Exchange Commission, market innovation, and strong investor protection frameworks.
“We look forward to working closely with all stakeholders to further deepen the market, broaden product offerings, and ensure that the Nigerian capital market continues to serve as a strong engine for inclusive and sustainable economic growth.”
NGX’s N100 trillion milestone, proof of growing sophistication of Nigeria’s capital market- Stockbrokers
News
Troops neutralise bandit, recover arms in Plateau raid
Troops neutralise bandit, recover arms in Plateau raid
By: Zagazola Makama
Troops of 3 Division of the Nigerian Army, under the Joint Task Force Operation Enduring Peace (JTF OPEP), have neutralised a notorious bandit and recovered arms and ammunition during a raid on a hideout in Plateau State.
Sources told Zagazola Makama that the operation was conducted on Jan. 8 at Yolan Gboka–Yama Da Lahdi, following sustained efforts to track and arrest perpetrators of the Dec. 16, 2025 attack on illegal miners at Tosho community in Fann District, Barkin Ladi Local Government Area.

According to the sources, troops made contact with the bandits during the raid and engaged them in a firefight.
“One of the bandits was neutralised during the exchange of fire and was later identified as Sadiq Isah, while others fled the area,” the sources said.
The sources added that troops subsequently exploited the hideout and recovered two AK-47 rifles and 162 rounds of 7.62mm (special) ammunition.
The recovered arms and ammunition are currently in military custody, while troops have commenced follow-up operations to intercept the fleeing suspects and prevent further criminal activities in the area.
Zagazola reports that Operation Enduring Peace is a joint security initiative aimed at restoring peace and stability across Plateau and neighbouring states.
Troops neutralise bandit, recover arms in Plateau raid
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