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Developed Countries Should Assist to Free Africa from Shackles of Debt- Shanghai Institute

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Developed Countries Should Assist to Free Africa from Shackles of Debt- Shanghai Institute

Developed Countries Should Assist to Free Africa from Shackles of Debt- Shanghai Institute

By: Michael Mike

The only way for Africa to be freed from the shackles of debt and get its development back on track is if assisted by developed countries, private financial institutions and international multilateral financial institutions.

This was this submission of an international online seminar with the theme “Africa’s Debt Situation and China’s Responses”, organised by the Shanghai Institute of International Studies (SIIS).

The seminar held at the weekend had in attendance experts and professionals from international organisations, enterprises, Chinese and foreign think tanks and representatives from universities, where they discussed in depth two major topics, assessing the debt situation in Africa, and China’s role in the African debt issue.

take stronger actions in providing financial support to developing countries and alleviating their debt

The seminar aimed to deepen the understanding of African debt crisis, and explore how China and the African community can deepen their cooperation with Africa. At the same time, the seminar called on all parties to coordinate and cooperate on this problem, especially the developed countries, private financial institutions and international multilateral financial institutions, and together they should take stronger actions in providing financial support to developing countries and alleviating their debt through actions by all parties can the world help Africa and the global economy to achieve inclusive and sustainable development.

Four guests from different countries and fields provided in-depth analysis on the topics. Professor Deborah Brotigam, Director of the China-Africa Studies Initiative Program at Johns Hopkins University, shared her research results and made constructive suggestions on China’s loans to Africa, the proportion of Africa’s external debt, China’s debt treatment for Africa, and China’s participation in G20 debt treatment. 

Gregory Smith, emerging markets fund manager from M&G Investments analyzed the overall debt situation of African countries, deeply analyzed the manifestation and root causes of debt problems of African countries from the perspective of sovereign bonds and private creditors, and pointed out the importance of coordinated participation of different creditors. 

Wang Luo, Director of China Academy of International Trade and Economic Cooperation, provided a new perspective on China’s participation in African development and support for African countries to deal with debt challenges from the perspective of “debt to development”. 

Also Read: 2023: Why Kashim Shettima will bring massive votes than Any Presidential Running…

Rui Wanjie, Founder and CEO of Rui Naxin Consulting, commented on the experience of dealing with debt crises in African countries in the 1990s and on China-Africa development cooperation, especially emphasizing the importance of quality cooperation and sustainable financing between China and Africa.

Chen Dongxiao, President of Shanghai Institutes for International Studies (SIIS), delivered the opening speech, while senior fellow Zhou Yuyuan from the Center for West Asian and African Studies and senior fellow Ye Yu from the Center of World Economy presided over the conference. Giles, head of the African-Chinese Chamber of Commerce, gave the concluding remarks. 

Chen Dongxiao pointed out that although African economies in general showed signs of steady recovery, the debt problem remained serious. The international community has provided positive support to African countries through many agendas and initiatives, and how to enhance the effectiveness of debt response and global governance is still an important issue. 

He insisted that China is a staunch partner of Africa in terms of mutual development and has been playing an active role in addressing Africa’s debt problems..

The session concluded with a response from senior fellow Zhou Yuyuan of the Center for West Asian and African Studies of the Shanghai Institutes for International Studies from the perspective of China’s contribution to Africa’s development cooperation, arguing that debt relief for Africa requires all relevant parties to balance to the relationship between short-term emergency relief and long-term debt governance. 

The conference was open to the public and was attended by about 150 people from different countries.

Developed Countries Should Assist to Free Africa from Shackles of Debt- Shanghai Institute

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Shettima Hosts Gates Foundation Delegation as 2027 Political Calculations Begin

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Shettima Hosts Gates Foundation Delegation as 2027 Political Calculations Begin

By: Michael Mike

Nigeria’s Vice President, Kashim Shettima, on Wednesday received a high-level delegation from the Gates Foundation at the Presidential Villa in Abuja, in a visit that observers say comes at a politically sensitive moment ahead of the 2027 presidential election.

The delegation was led by the President of the foundation’s Global Growth and Opportunity division, Hari Menon, and included senior officials of the organisation’s Nigeria office. The team briefed the vice president on the foundation’s ongoing programmes and partnerships in Nigeria.

Posting on his verified Facebook page after the meeting, Shettima commended the foundation for its long-standing support to Nigeria in critical sectors such as health, agriculture and development.

“Yesterday, I received in audience a delegation of the Gates Foundation led by the President of the Foundation’s Global Growth and Opportunity (GGO) division, Mr. Hari Menon, at the Presidential Villa, Abuja,” the vice president said.

“In my interaction with the delegation, I applauded the Gates Foundation for sustaining investments and humanitarian aid in Nigeria. Indeed, the Foundation remains the nation’s strategic partner in the drive to change the Nigerian narrative.”

The visit comes amid growing political conversations about the composition of the ruling ticket ahead of the 2027 presidential election and whether President Bola Ahmed Tinubu will retain Shettima as his running mate.

Although the meeting was officially centred on development cooperation, political watchers say the timing has drawn attention within policy and political circles, especially given the influence of the foundation founded by billionaire philanthropist Bill Gates.

Sources familiar with the engagement said discussions focused largely on the foundation’s interventions in Nigeria, including programmes aimed at improving public health, expanding agricultural productivity and supporting vulnerable populations.

During his visit to Nigeria, Menon also held diplomatic engagements, including a visit to the Indian High Commission where he met with the ambassador, Abhishek Singh.

The Gates Foundation has operated in Nigeria since 2000 and has been a key partner in several national initiatives, particularly in immunisation campaigns, disease control, nutrition and agricultural development. The organisation marked 25 years of its presence in the country in 2025.

Despite its extensive development footprint, some of the foundation’s programmes have occasionally attracted debate in Nigeria, particularly around issues such as genetically modified crops, vaccination initiatives and population policies.

Analysts say that as political alignments gradually begin ahead of 2027, high-profile international engagements by key government figures may increasingly attract attention beyond their immediate development objectives.

Shettima Hosts Gates Foundation Delegation as 2027 Political Calculations Begin

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2027: Bill Gates Joins Campaign, Supports Shettima

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2027: Bill Gates Joins Campaign, Supports Shettima

By:Michael Mike

Nigeria’s Vice President, Kashim Shettima has received a highly anticipated support to continue as President Bola Tinubu’s running mate in the 2027 presidential election from chairman of the Gates Foundation, Bill Gates.

The unusual support according to sources knowledgeable about the matter is a lifeline for the embattled vice president.

Shettima, whose fate as Tinubu’s running mate has been dangling in the balance received the boost after a delegation from Gates Foundation led by the president, Global Growth and Opportunity (GGO), Hari Menon visited Shettima at the Villa on Wednesday.

According to a post on the vice president’s verified Facebook page, the delegation which also included members of the foundation in Nigeria briefed the VP on its activities in Nigeria .

” Yesterday, I received in audience a delegation of the Gates Foundation, led by the President of the Foundation’s Global Growth and Opportunity (GGO) division, Mr. Hari Menon, at the Presidential Villa, Abuja.

” In my interaction with the delegation, I applauded the Gates Foundation for sustaining investments and humanitarian aid in Nigeria. Indeed, the Foundation remains the nation’s strategic partner in the drive to change the Nigerian narrative, ” Shettima said.

However, the meeting between the vice president and Bill Gates team had another purpose, to pass a vote of confidence on the VP in order to convince President Tinubu to retain him s running mate.

” There have been calls for the president to drop Shettima because of his political baggage and alleged links to the insurgency in the Northeast. Most of the pressure is coming from the United States that currently have soldiers on the ground in nigeria, providing support for the Nigerian military.

” What better way to shore up support than to bring the biggest philanthropist to Nigeria in order to prove that he still hs some international connections, ” the source said.

In his visit to Nigeria, Menon who is of Indian heritage also visited the Indian High Commission to Nigeria, meeting with the ambassador, Abhishek Singh.

The Gates Foundation has been active in Nigeria since 2000 and it celebrated its 25th years in the country last year. Activities of the foundation has also come under scrutiny for many years especially it’s support for population control, Genetically Modified Organisms in agriculture and questionable polio immunisation.

2027: Bill Gates Joins Campaign, Supports Shettima

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State Police: Group Commends Tinubu, Urges Accelerated Action

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State Police: Group Commends Tinubu, Urges Accelerated Action

By: Michael Mike

A good governance advocacy group, the Hope Alive Initiative (HAI), has commended President Bola Tinubu for his commitment to addressing Nigeria’s security challenges and for rallying state governors toward a framework for the establishment of state police.

In a press statement issued Wednesday in Abuja by its Director of Press and Communications, Ernest Omoarelojie, the group said lasting peace and stability in the country require a multi-layered approach that empowers communities while strengthening national coordination.

According to HAI, the establishment of state police would enhance citizens’ participation in security matters and align with Nigeria’s federal system.

The group noted that many states already operate regional security outfits and vigilante groups, stressing that legislative backing is necessary to ensure such initiatives function efficiently and complement the federal government’s security architecture.

HAI said localised policing would allow officers to better understand the terrain, culture, and unique security challenges within their communities, thereby improving rapid response and strengthening public trust in efforts to combat crime and insurgency.

The organisation also commended the Nigeria Governors Forum (NGF) for submitting a proposed state police framework to the Office of the National Security Adviser. It, however, urged governors to intensify support for the existing security architecture to address ongoing threats.

The group further welcomed recent security cooperation agreements between Nigeria and partners including the United States, United Kingdom, and France. According to HAI, the partnerships are expected to strengthen advanced training, intelligence sharing, and technological support in the fight against terrorism, banditry, and organised crime.

HAI emphasised that security remains the foundation of national development, noting that combining grassroots policing with global alliances would help create a safer environment, attract investment, and restore public confidence.

The group also praised the Nigerian military for sustaining operations against terrorists and bandits across the country and urged troops not to relent in protecting communities from criminal elements that target civilians to spread fear and panic.

It expressed confidence that the federal government would continue to provide the armed forces with the necessary equipment and welfare support needed to sustain operations and secure victory against threats to national security.

The organisation further highlighted the significance of President Tinubu’s recent state visit to the United Kingdom, where he was hosted by King Charles III. According to HAI, the visit underscores Nigeria’s growing influence in global affairs.

It added that the President’s engagement with Nigerian community leaders in the UK demonstrated the important role of the diaspora in national development and could encourage greater investment and knowledge transfer to the country.

HAI urged government institutions, civil society organisations, and citizens to support ongoing reforms aimed at strengthening security and building a more prosperous Nigeria.

State Police: Group Commends Tinubu, Urges Accelerated Action

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