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Afri-Caribbean Investment Summit Charts Path for Stronger Economic Ties, Shared Prosperity

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Afri-Caribbean Investment Summit Charts Path for Stronger Economic Ties, Shared Prosperity

By: Michael Mike

The Afro-Caribbean Investment Summit, have marked a significant step in strengthening the ties between the two regions; Africa and the Caribbean, with a focus on sustainability, economic diversification, and collaboration for shared prosperity.

The historical event which took place in Abuja Nigeria, was organised by Aquarian Consult, in partnership with the government of Saint Kitts and Nevis, with theme, ‘bridging continents: Africa and the Caribbean, a partnership for prosperity.’

The event brought together political, business, and academic leaders from both Africa and the Caribbean to discuss the potential for deeper economic partnerships and long-term development.

Prime Minister of St. Kitts and Nevis, Dr. Terrence Michael Drew while delivering his keynote address highlighted the deep-rooted connection between Africa and the Caribbean.

He described Africa not just as a distant relative to the Caribbean but as the “mother” of the region.

He called for a shift from occasional discussions to a more structured, sustained collaboration in economic, cultural, political, and spiritual areas.

Drew emphasized that both regions must chart a course toward greater cooperation, recognizing their shared stories, challenges, and potential.

He highlighted the importance of addressing climate change, noting that the Caribbean, like many parts of Africa, has already felt the devastating effects of global warming.

Drew presented the geothermal energy project in Nevis as a model for sustainable energy, aiming to reduce the region’s dependency on fossil fuels and promote renewable energy solutions. He proposed that this effort could serve as a model for both African nations and small island developing states across the globe.

“The COVID-19 pandemic exposed the vulnerabilities of global supply chains, especially in the food sector. In response, St. Kitts and Nevis has been investing in modernizing its agricultural systems with a focus on climate-resilient crops and sustainable farming techniques.

“We call on Africa’s agricultural expertise to partner in these efforts, joint research, farm exchanges, and technology partnerships could revolutionize food production for both regions.

“We need reform in our financial systems to support innovation and economic growth. Young entrepreneurs, women, and small businesses often struggle to access the capital needed to bring their ideas to life. It is importance we create innovative financial instruments, such as diaspora bonds and microfinance programs, which could foster economic independence and growth across the Afro-Caribbean bloc.”

Former President of Mauritius, Dr. Ameenah Gurib-Fakim, also emphasized on the structural challenges facing Africa. She noted that while Africa is home to vast natural resources and a growing youthful population, it accounts for a disproportionately small share of global trade and GDP.

Gurib-Fakim highlighted the Africa Continental Free Trade Area (AfCFTA) as a critical step toward creating a unified market that could unlock Africa’s manufacturing potential.

However, she warned that Africa’s economic transformation would only be possible if the continent invests in science and technology and addresses its skills gap in order to meet the demands of the modern economy.

Gurib-Fakim also stressed the importance of education reform to drive innovation and entrepreneurship. She criticized the continent’s educational systems, which she argued “limits the development of critical thinking and problem-solving skills necessary for success in knowledge-based economies.”

For her part, Ms. Aisha Maina, General Managing Director of Aquarian Consult, emphasized the concept of a “Global Africa,” referring to the shared identity and common heritage of people of African descent around the world.

She declared that the time has come for the Global South to invest in itself, reject externally imposed development metrics, and create its own standards for growth.

Maina called for greater collaboration between Africa and the Caribbean, not just in trade but in innovation and entrepreneurship.

She stressed that “both regions must come together, leveraging their collective strengths, to overcome historical divisions and forge a path toward mutual prosperity.”

Also, Prof. Benedict Okechukwu Oramah, President of the Africa Export-Import Bank (Afrexim Bank), reinforced the need for institutionalized cooperation between Africa and the Caribbean.

He highlighted the shared history of colonization and displacement, but also the immense potential for the two regions to collaborate on a global scale.

Oramah emphasized the role of Afreximbank in facilitating trade and investment, urging both regions to harness their natural resources and intellectual capital to build industries that can compete on the global stage.

Oramah concluded by stating that the unity of Africa and the Caribbean could form one of the world’s most powerful political and economic blocs, with the capacity to shape global affairs.

The summit, he said, “was a step toward creating a structured, organized framework for Afro-Caribbean collaboration, with the goal of increasing trade, innovation, and sustainable development.”

Afri-Caribbean Investment Summit Charts Path for Stronger Economic Ties, Shared Prosperity

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Execution Discipline Will Define Tegbe’s Agenda for Nigeria’s Power Sector-

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Execution Discipline Will Define Tegbe’s Agenda for Nigeria’s Power Sector-

By: Adeola Labzy

When the Minister-Designate for Power, Joseph Olasunkanmi Tegbe, told the Nigerian Senate that there was “no quick fix” to Nigeria’s electricity crisis, the statement stood out for departing from the familiar rhetoric that has long shaped public conversations about the sector. In a country where ambitious declarations on power reform have often generated headlines faster than measurable outcomes, Tegbe’s remarks offered an early signal of a different leadership posture, one anchored less on spectacle and more on execution.

This matters because Nigeria’s power sector has spent decades trapped in cycles of overpromising and institutional under-delivery. Successive reform efforts have come with bold projections, aggressive timelines, and repeated assurances. Yet the sector continues to struggle with liquidity constraints, weak market confidence, transmission vulnerabilities, collection inefficiencies, infrastructure deficits, and operational instability. Over time, the deeper casualty has not only been electricity supply, but institutional credibility.

Against that background, Tegbe’s emphasis on transparency, execution discipline, and operational realism should be read as a useful starting point, not a completed achievement. Nigeria’s electricity market does not suffer from a shortage of reform language. The problems are already well known to policymakers, operators, investors, regulators, and consumers. What has consistently undermined progress is fragmented implementation, weak accountability, poor coordination across the value chain, and the absence of sustained commercial discipline.

In that sense, Tegbe’s early posture appears calibrated toward restoring confidence in the system’s ability to execute before pursuing grand transformation narratives. This is particularly important in a sector where investor confidence, market liquidity, and operational stability are deeply interconnected. Markets respond not merely to ambition, but to predictability, governance credibility, and measurable execution. Each part of the value chain affects the other. Generation without evacuation capacity creates waste. Tariff reform without metering creates distrust. Investment without payment discipline weakens confidence. Policy statements without visible milestones deepen cynicism.

Financial sustainability will be one of the defining pillars of any credible reform effort. For years, the electricity market has operated within a fragile commercial structure marked by accumulated debts, subsidy pressures, payment shortfalls, collection gaps, and uncertainty over cost recovery. The long-term viability of the sector depends not only on expanding infrastructure, but on restoring commercial discipline and rebuilding confidence in the market itself.

This is where transparency becomes strategically important. Transparent reforms reduce uncertainty, strengthen accountability, and give investors, operators, consumers, and policymakers a clearer basis for judging progress. In practical terms, transparency is not merely a governance principle; it is an economic stabilisation tool. It can help rebuild trust in tariff decisions, improve confidence in sector data, and create a more disciplined environment for investment and performance monitoring.

Equally important is execution discipline. Infrastructure projects rarely fail only because funding is unavailable. Many fail because coordination weakens, procurement becomes opaque, implementation drifts, and accountability is diluted. In the power sector, credibility will not be rebuilt by rhetoric alone. It will require visible, measurable, and sustained improvements in the operating system of reform.

Nigeria’s power sector does not require another cycle of exaggerated optimism followed by institutional disappointment. It requires leadership capable of confronting difficult realities honestly while building a credible pathway toward operational stability, financial sustainability, and long-term reform credibility.

That is why Tegbe’s insistence on transparent reforms and execution discipline is important. Its significance will not lie in the statement itself, but in whether it becomes a governing method. In a sector where credibility has become almost as scarce as stable electricity, restoring confidence in governance may be the first and most important reform of all.

Adeola Labzy writes from Abuja, Nigeria.

Execution Discipline Will Define Tegbe’s Agenda for Nigeria’s Power Sector-

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CDHR Condemns Escalating U.S. Sanctions on Cuba, Warns of Humanitarian Crisis

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CDHR Condemns Escalating U.S. Sanctions on Cuba, Warns of Humanitarian Crisis

By: Michael Mike

The Committee for the Defence of Human Rights (CDHR) has condemned the latest sanctions imposed on Cuba by the administration of Donald Trump, warning that the measures could trigger a humanitarian catastrophe and undermine Cuba’s sovereignty.

In a statement issued on Sunday, the Nigerian-based human rights organisation expressed solidarity with the government and people of Cuba amid what it described as a worsening economic and humanitarian crisis caused by renewed sanctions and executive actions from the United States.

The group particularly criticised Executive Order 14380 of January 29, 2026, as well as follow-up sanctions announced on May 1, 2026, targeting Cuba’s energy, financial, defence, mining and commercial sectors.

According to CDHR, the sanctions amount to a dangerous escalation of economic aggression capable of inflicting severe hardship on ordinary Cubans.

The organisation stated that provisions contained in Section 2 of the executive order, which impose restrictions on individuals, institutions and foreign entities engaging with Cuba, threaten the right to life and wellbeing of millions of citizens by limiting access to fuel, trade, financial cooperation and humanitarian support.

“The continued tightening of these sanctions constitutes a huge threat to humanity, particularly to the Cuban people’s internationally recognised rights to life, healthcare, food security, development and self-determination,” the statement read.

CDHR said the sanctions had already disrupted fuel supplies to the island nation, resulting in prolonged blackouts, transportation paralysis, shortages of food and clean water, and disruptions within the healthcare system.

The organisation cited reports of suspended surgeries, interruptions in chemotherapy and dialysis treatments, and worsening shortages of medical supplies as evidence of an avoidable humanitarian disaster.

The rights group further argued that economic coercion which undermines access to healthcare, electricity and basic necessities contradicts the principles of international law, human rights and the sovereign equality of nations as enshrined in the Charter of the United Nations.

It also expressed concern over what it described as inflammatory rhetoric aimed at destabilising Cuba, warning that such actions threaten global principles of non-interference and self-determination.

Recalling Cuba’s historical support for liberation struggles in Africa, including assistance to anti-colonial movements in Algeria, Angola, Namibia, Guinea-Bissau and South Africa, CDHR noted that the country had consistently demonstrated international solidarity despite decades of sanctions.

The organisation also highlighted Cuba’s deployment of medical professionals during the Ebola outbreak and the COVID-19 pandemic across parts of Africa and the Global South.

CDHR lamented what it described as the silence of much of the international community while Cubans continue to endure economic hardship.

The group called on governments, regional organisations, civil society bodies, labour unions and humanitarian institutions worldwide to speak against what it termed the “economic strangulation” of Cuba and defend the country’s sovereignty.

It also urged the United Nations and international humanitarian agencies to take urgent steps toward addressing the humanitarian situation in Cuba and opposing policies that endanger civilian lives.

The statement was signed by CDHR National President, Yinka Folarin, and National Secretary, Idris Afees.

CDHR Condemns Escalating U.S. Sanctions on Cuba, Warns of Humanitarian Crisis

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Troops Intercept ISWAP Logistics Supplies Along Banki–Kumshe Route in Borno

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Troops Intercept ISWAP Logistics Supplies Along Banki–Kumshe Route in Borno

By: Zagazola Makama

Troops of Operation Hadin Kai (OPHK) have intercepted suspected logistics supplies meant for ISWAP/JAS terrorists along the Banki–Kumshe route in Borno State.

Military sources disclosed that the interception occurred at about 1:30 a.m. on May 8, 2026, when troops of 152 Task Force Battalion on ambush duty engaged suspected terrorists crossing from the Cameroon border axis into Nigeria.

The troops reportedly laid ambush positions along the Banki–Kumshe road before sighting and engaging the insurgents transporting supplies.

According to the sources, the terrorists were forced to withdraw in confusion following the encounter, while troops carried out limited exploitation of the area.

Items recovered during the operation included eight bicycles, six 25-litre jerrycans containing Premium Motor Spirit (PMS), 32 surgical drips, 19 packs of drugs, one can of vitamins, 200 motorcycle repair parts, 12 phone batteries, a phone charger, 25 bags of grains, 11 packs of sewing thread, kola nuts, 93 rolls of detergents, food items and other sundry materials.

Security sources also disclosed that a Cameroon phone number written on a piece of carton was recovered among the seized items.

Troops later changed ambush positions and continued surveillance operations within the area to deny terrorists freedom of movement.

Military authorities said no casualty was recorded among troops during the operation, while exploitation and intelligence activities were ongoing to track fleeing insurgents and dismantle their supply network.

The interception forms part of ongoing counter-terrorism operations aimed at disrupting logistics routes and weakening the operational capabilities of insurgents operating within the North-East theatre.

Troops Intercept ISWAP Logistics Supplies Along Banki–Kumshe Route in Borno

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