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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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ECOWAS Sounds Alarm Over Gulf Escalation, Warns of Economic Shockwaves for West Africa

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ECOWAS Sounds Alarm Over Gulf Escalation, Warns of Economic Shockwaves for West Africa

By: Michael Mike

The Economic Community of West African States (ECOWAS) has raised fresh concerns over the escalating hostilities in the Gulf region, cautioning that a prolonged conflict could unleash severe economic and security repercussions far beyond the Middle East, with Africa among the hardest hit.

In a statement issued under the chairmanship of Julius Maada Bio, President of Sierra Leone, the 12-member regional bloc aligned itself with the position earlier expressed by the African Union Commission, which has voiced deep unease over the intensifying military exchanges.

The warning comes at a time when global energy markets are already on edge. The Gulf region remains central to international oil and gas supplies, accounting for a significant share of global crude exports. For West African economies — many of which are net importers of refined petroleum products despite being crude producers — volatility in oil prices translates quickly into domestic inflation, currency pressures and rising transport and food costs.

ECOWAS noted that beyond energy, the Gulf serves as a strategic artery for global trade. Key maritime routes, including those connected to the Strait of Hormuz, facilitate the movement of energy supplies and commercial goods between Asia, Europe and Africa. Any disruption risks compounding supply chain fragilities that have persisted since the COVID-19 pandemic and the Russia-Ukraine conflict.

For food-import-dependent nations across West Africa, the stakes are particularly high. Many countries in the region rely heavily on imported wheat, fertiliser and other agricultural inputs sourced through global supply chains sensitive to geopolitical shocks. Previous international crises have demonstrated how quickly distant conflicts can drive up bread prices and deepen food insecurity in African cities.

In its statement, ECOWAS urged all parties to exercise maximum restraint and adhere strictly to international law and the principles of the United Nations Charter, including respect for sovereignty, territorial integrity and the peaceful settlement of disputes. It stressed that civilian lives and critical infrastructure must be protected at all times.

The bloc also called for renewed diplomatic engagement within established international and regional frameworks, arguing that dialogue remains the only sustainable path to de-escalation. West African leaders have historically positioned the region as a strong advocate for multilateralism, often promoting negotiated settlements in conflicts both within and outside the continent.

Analysts observe that ECOWAS’ swift alignment with the African Union reflects a broader concern about the cumulative impact of global instability on African economies already grappling with debt burdens, currency depreciation and climate-related pressures. Rising energy prices could strain public finances, while shipping disruptions could intensify shortages of essential commodities.

The statement underscores a growing recognition among African policymakers that geopolitical flashpoints thousands of miles away can have immediate and tangible consequences at home. As tensions mount in the Gulf, ECOWAS has signalled that West Africa is watching closely — and urging diplomacy over escalation in the interest of global and regional stability.

ECOWAS Sounds Alarm Over Gulf Escalation, Warns of Economic Shockwaves for West Africa

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Army troops foils ISWAP attack on picketing troops in Konduga, Borno

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Army troops foils ISWAP attack on picketing troops in Konduga, Borno

By: Zagazola Makama

Troops of Joint Task Force Operation HADIN KAI under the 21 Special Armoured Brigade have successfully repelled an attack by suspected Islamic State West Africa Province (ISWAP) terrorists on picketing personnel in the North East, of Konduga Borno state.

According to sources at about 1215 hours on February 26, picketing troops at checkpoint came under attack by elements of Boko Haram terrorists.

The soldiers responded aggressively while the Quick Reaction Force (QRF), led by the Sunray team, swiftly mobilised to the contact point where fire was exchanged with the terrorists. The attackers reportedly fled into the Yale Forest following the encounter.

In the aftermath, troops conducted exploitation along the terrorists’ withdrawal route and recovered one PKT believed to belong to the attackers.

The sources confirmed that the operation did not result in any casualties or injuries among the JTF personnel, and no equipment was lost.

The JTF added that monitoring of the area continues, and the morale and fighting efficiency of the troops remain satisfactory.

The sources said that the latest operation demonstrates the continued vigilance and readiness of the JTF in the North East to protect civilians and deny terrorists freedom of movement.
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Zulum Declares 2026 Year of Consolidation, Intensifies Security and Reconstruction Drive in Borno State

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Zulum Declares 2026 Year of Consolidation, Intensifies Security and Reconstruction Drive in Borno State

By: Michael Mike

Borno State Governor, Prof. Babagana Zulum has declared that his administration will intensify efforts to eliminate residual security threats and fast-track the completion of critical infrastructure projects across Borno State in 2026, describing the year as decisive for consolidating hard-won gains.

The governor made the commitment on Thursday during the first State Executive Council meeting of the year at the Government House in Maiduguri, where he addressed commissioners and senior government officials on the administration’s priorities.

Zulum said although relative stability has returned to many parts of the state after years of insurgency, the government would not relent until every community is safe.

“We have made measurable progress in restoring peace, but our task is not finished. Security remains the foundation upon which every other intervention stands. We will continue to support security agencies and ensure that no part of Borno is left vulnerable,” he stated.

A central pillar of the 2026 agenda, according to the governor, is the resettlement of internally displaced persons (IDPs), with emphasis on durable, long-term solutions rather than temporary relief.

He explained that the state government would deepen investments in housing, healthcare, education and livelihood programmes to ensure that returning families can rebuild their lives sustainably.

“Our goal is not just to return people to their communities, but to restore dignity, economic stability and hope. Resettlement must translate into real recovery,” Zulum said.

The governor also announced plans to strengthen social protection systems to shield vulnerable populations from economic shocks and the lingering effects of conflict. He described social protection as a strategic tool for stabilisation and inclusive growth.

“Social protection remains central to our rebuilding process. As we provide infrastructure and social amenities, we must also strengthen support systems for widows, orphans, and the most vulnerable in our society,” he added.

Zulum directed members of the executive council to ensure the timely completion of all ongoing projects across the state’s three senatorial districts. These projects cut across road construction, healthcare facilities, schools, water supply schemes and agricultural development initiatives.

He warned against delays and cost overruns, stressing the need for accountability, transparency and rigorous supervision.

“Every project must reflect value for money and must be delivered within schedule. Our people deserve visible and measurable progress,” he said.

The meeting was attended by the Secretary to the State Government, Bukar Tijani; Acting Chief of Staff, Dr. Babagana Mallumbe; and other top officials.

With the renewed focus on security consolidation and accelerated development, the Borno government signalled its determination to shift from emergency response to structured recovery, anchoring the state’s future on stability, infrastructure expansion and strengthened social systems.

Zulum Declares 2026 Year of Consolidation, Intensifies Security and Reconstruction Drive in Borno State

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