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

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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Western Developed Economies Asked to Spend Equally on Warfare and Climate Debt

Western Developed Economies Asked to Spend Equally on Warfare and Climate Debt
By: Michael Mike
Countries in West Africa have been asked to come together to fight for climate justice as separate agitation would yield no result.
The Western developed economies have also been asked to allocate the same resources being spent on warfare on issues around problems climate change.
These are the agreements of environmental crusaders from countries of West Africa during the West Africa Climate Justice Roundtable in Abuja on Tuesday.

Speaking at the Roundtable, the Director of Health of Mother Earth Foundation (HOMEF), Nnimmo Bassey said the rich countries spent $2.7 trillion in warfare in 2024, insisting that the same amount should be spent as climate debt especially to Africa and other developing countries who bear the major brunt of climate change.
That’s how much is spent, a military armament. So to me, climate debt per year can be equated to how much money they’re spending on warfare and destruction.
Bassey, while speaking on “Linking Challenges and Creating Connections: Building a Regional Climate Movement in West Africa,” noted that undoubtedly, climate change represents the most significant challenge facing the West Africa, both in terms of its impact and the urgent necessity for action.
He noted that: “The shifting climate has extensive implications and consequences in every aspect of human existence, spanning nations and climes. The challenges extend beyond the global shifts in weather; they also encompass the ways these changes interact with and impact people’s lives, including their livelihoods, security, and overall wellbeing. In addition to the direct impacts of climate change, the repercussions of inadequate efforts to tackle the issue have frequently led to complications that worsen the challenges faced by individuals, particularly within local communities.”
He lamented that: “West Africa stands as one of the world’s most susceptible areas to the effects of climate change, affecting sectors such as energy, agriculture, health, water and sanitation, security, ecosystem resilience, and migration patterns.”
Bassey noted that: “At present, the increase in temperatures in West Africa surpasses the global average, and this pattern is anticipated to persist in the foreseeable future. The effects of climate change in West Africa will be significant under both the 1.5 degrees and 2.0 degrees Celsius temperature target scenarios being bandied in climate policy circles around the world. West Africa is expected to experience a significant increase in the number of hot days across all these scenarios.”
He decried that: “Regrettably, policy makers in Africa persist in their inability to take action and implement measures that effectively tackle climate change issues. African leaders and policymakers have frequently allowed the continent to serve as a testing ground for unproven and controversial climate change response strategies and misleading solutions, such as the so-called ‘smart agriculture,’ GMOs, REDD+, and carbon markets… blue carbon… solar radiation management & other geoengineering experiments.”

He stated that: “The vast majority of people in West Africa who are impacted by climate change have frequently been overlooked in the policies and responses designed to tackle the crisis,” stressing that:
“The mechanisms for responding to climate change frequently adhere to the same neo-colonial and exploitative frameworks that caused the crisis in the first place.”
He revealed that: “The West Africa Climate Justice Movement recognises that within the West African context, climate justice entails ensuring that those most affected have a say in developing the solutions,” noting that: “For many of these frontline communities, effective solutions entail protecting lands and water bodies from reckless extractivism and pollution, protecting rainforests and mangroves, and stopping mega-projects and industrial agriculture.”
He said: “Simultaneously, there is a need to support and promote transformative economies through agroecology, the establishment of community-owned and controlled energy democracies, food sovereignty, and just transitions.”
He insisted that: “Climate justice efforts in West Africa also focus on holding corporations and historical polluters accountable for their contributions to climate change and demanding that they address the damage they have caused.
Bassey decried that: “Climate change is already causing significant loss and damage in West Africa, including displacement, loss of livelihoods, and damage to infrastructure.”
He noted that the West Africa Climate Justice Movement aims to engage all crucial stakeholders and actors across the region—be they campaigners, policymakers, or frontline communities—to unite in the pursuit of building popular power.
He added that: “The movement focusses on developing strategies, enhancing solidarity across nations, sharing knowledge, and supporting collaborative climate justice initiatives grounded in a mutual understanding of the interconnectedness of the climate crisis and the necessity for unified action.”
Bassey, while noting that West Africa Climate Justice Conference, Abuja, Nigeria
builds on previous engagements with frontline civil society organisations, communities, academics and movement leaders across the region, disclosed that: “Between 2021 and 2024, the movement held meetings, organized collaboratives events and presented a united front at the UNFCCC Conference of Parties.”
He said: “The upcoming conference aims to further develop and share critical climate change impact connections and interpretations across West Africa, strengthen platforms for interactions between communities in the region around different climate change impact and amplify the voices of West African climate actors, communities and organisations in the global climate change conversations.
“One of the key outcomes of the conference will be the adoption of a common West Africa Climate Change resolution as a core demand of the region at COP 30.“
End
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Troops neutralise 2 bandits, recover arms in Plateau ambush

Troops neutralise 2 bandits, recover arms in Plateau ambush
By: Zagazola Makama
Troops of Sector 2, Operation Safe Haven (OPSH), in conjunction with members of the Vigilante Group of Nigeria (VGN), have neutralised two bandits and recovered arms and ammunition during a special operation in Wase Local Government Area of Plateau State.

Sources told Zagazola Makama that the operation followed credible intelligence indicating that bandit leaders were distributing arms captured from local vigilantes during a recent attack at Odare Forest on July 6.
According to the sources, the troops laid a successful ambush along routes linking Dutsen Zaki and Odare Forests.

“At about 1330 hours on July 14, the troops made contact with the bandits. Two of the criminals were neutralised while others fled with possible gunshot wounds,” the report said.
The troops further exploited the general area and recovered one AK-47 rifle, six AK-47 magazines, 27 rounds of 7.62mm special ammunition, and a Boxer motorcycle.
The sources added that the recovered items were in custody while follow-up operations were ongoing to track down and neutralise other fleeing members of the bandit syndicate.
Troops neutralise 2 bandits, recover arms in Plateau ambush
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Touray Condoles Nigeria on Passing of Buhari

Touray Condoles Nigeria on Passing of Buhari
By: Michael Mike
President of the Economic Community of West African States (ECOWAS) Commission, Dr. Omar Touray has condoled the government and people of Nigeria on the loss of former President Muhammadu Buhari.
A condolence message signed by Touray read: “It is with deep sorrow that the world learnt of the passing of His Excellency General Muhammadu Buhari, former President of the Federal Republic of Nigeria.
“On behalf of all the institutions of the Economic Community of West African
States (ECOWAS), H.E. Dr Omar Alieu TOURAY, President of the ECOWAS
Commission, extends his heartfelt condolences to the bereaved family, to His
Excellency President Bola Ahmed Tinubu, the Government of the Federal Republic of Nigeria, and to the entire Nigerian people.
“ECOWAS salutes the memory of this distinguished statesman whose invaluable contributions greatly advanced democracy and regional integration in West Africa and across the African continent.
May his soul rest in paradise.”
Touray Condoles Nigeria on Passing of Buhari
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