Major International Business Headlines Brief ::: 11 November 2025

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Major International Business Headlines Brief :::  11 November  2025 

 


                                                                                  

 


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ü  Nigeria: Akpabio Pledges Legislative Reforms to Build Stronger, Digital Health System

ü  Ghana: Govt Approves 9 Percent Pay Rise for Public Sector Workers ...Minimum Wage Up to Gh¢21.77

ü  Nigeria: Officials Move to Fast-Track Energy-Resilient Policies, Investments

ü  Kenya: Ex-AfDB Boss Calls for a New Era of Strong African Institutions At 9th Babacar Ndiaye Lecture

ü  Nigeria: Marketers Blame Supply Hiccups As Cooking Gas Prices Surge Again

ü  Rwanda: Grassroots Funding Fuels Kigali's Local Road Upgrades

ü  Nigeria: Tinubu Moves to Fast-Track Siemens Power Project, Recommits to Stable Electricity

ü  Nigeria: Power Supply - Govt Gets €21m Energy Fund, Signs Deal With Germany

ü  Nigeria: Renowned Energy Professor, Iledare, Wants Nigeria to Curb Oil Export

ü  African Central Bank Governors Hold Maiden Meeting in Accra

ü  Kenya: Three UAE Firms Eye Investment in Kenyan Port and Shipping Projects

 


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Nigeria: Akpabio Pledges Legislative Reforms to Build Stronger, Digital Health System

He said health will remain at the heart of legislative priorities while experts, stakeholders push for sustainable financing, climate-resilient healthcare

 

The Senate President, Godswill Akpabio, has pledged that the 10th National Assembly will prioritise legislative reforms to strengthen Nigeria's health system, support digital innovation, and ensure equitable access to quality healthcare across the country.

 

Mr Akpabio made the pledge in Abuja on Monday while declaring open the 6th Annual Legislative Summit on Health, themed "Building Responsive, Sustainable Health Systems: Leveraging Legislative Action for Digital Innovation, Human Capital and Infrastructure for Universal Health Coverage."

 

 

He was represented by the Deputy Senate President, Barau Jibrin, at the summit co-hosted by the World Health Organisation (WHO), Federal Ministry of Health and Social Welfare, Nigeria Environmental Summit Group, and the National Assembly, in partnership with several development organisations.

 

In his address, Mr Akpabio described the health of a nation as its truest measure of wealth, stressing that health security must be treated as national security.

 

He noted that the COVID-19 pandemic exposed the fragility of Nigeria's health system but also revealed its resilience through the courage of frontline workers.

 

He acknowledged ongoing challenges, including inadequate funding, weak infrastructure, brain drain, and lack of reliable data, but maintained that 'despair is not our portion.'

 

 

"Across Nigeria, the green shoots of renewal are visible, digital health initiatives, local pharmaceutical industries, and new partnerships between government and the private sector. The task before us now is to gather these efforts into one coherent strategy," he said.

 

Senate to review, modernise health laws

 

Mr Akpabio announced that under the 10th National Assembly, health would stand at the centre of legislative priorities, with efforts focused on reviewing and modernising laws to align with global best practices.

 

"We shall give full life to the National Health Act and ensure that the Basic Health Care Provision Fund reaches every community for which it was conceived," he said.

 

He also promised legislative support for digital innovation, including telemedicine, electronic records, and the use of artificial intelligence for diagnosis and disease surveillance.

 

 

"We must build a digital backbone that connects every primary health centre with every tertiary hospital," he added.

 

The Senate President called for improved welfare for health workers to curb the migration of medical professionals abroad.

 

Call for stronger primary health care and financing

 

During panel discussions at the pre-summit, experts and stakeholders called for improved funding mechanisms, better use of technology, and stronger community ownership to revitalise primary healthcare.

 

Kabiru Atta, Country Representative of EngenderHealth, said poor understanding of health integration continues to fragment Nigeria's system.

 

Mr Atta also noted that one of the biggest obstacles to integrating reproductive, maternal, newborn and adolescent health services into routine primary care delivery is a poor understanding of what integration entails.

 

He added that fragmentation within the health system, where units such as family planning, nutrition, and fistula care operate in isolation, continues to weaken service delivery.

 

He cited a USAID-supported fistula project that developed a 'fistula tracker' system to monitor women's care from diagnosis to rehabilitation, saying such innovations demonstrate how technology can drive integration.

 

"At any point, you can tell what service a woman needs and where she should get it. Digital tools like this allow us to follow patients across the continuum of care," he added.

 

'Budgeting is easy, fund release is the problem'

 

Chika Offor, Chief Executive Officer, Vaccine Network for Disease Control, decried poor release of approved immunisation funds.

 

Ms Offor said, "It is easy to budget one trillion naira for vaccines, but how much is released? As of 2024, only 25 per cent was released. In 2025, none has been released so far."

 

She advocated 'ring-fenced funding' for immunisation, a system where budgeted funds cannot be diverted and called for predictable financing through first-line charges and value-added tax (VAT) allocations.

 

Financing climate-resilient health systems

 

At another panel session on climate-resilient health systems, experts urged government and private actors to scale up renewable energy solutions to power health facilities.

 

Kene Terfa, President of the Association of Public Health Physicians of Nigeria, said solar energy offers a sustainable solution to Nigeria's power challenges.

 

Mr Terfa noted that if communities take ownership and contribute one per cent of their resources, it will be possible to solarise primary health centres nationwide.

 

Similarly, Temitayo Tella-Lah, Programme Manager and Programme Lead, Climate Adaptation in Health, Food Security and Nutrition, eHealth Africa said her organisation's solarisation of 238 PHCs across 12 states showed that advocacy and local ownership are vital for sustainability.

 

Ms Tella-Lah said, "When communities understand the benefits, they protect the equipment. We even had cases where locals stopped anyone from tampering with installed systems."

 

Christopher Ipechika, CEO of Distinct Industrial Concern, stressed the role of small and medium enterprises (SMEs) in maintenance and monitoring.

 

"From our phones, we can track whether a facility's solar system is working. Training local technicians ensures long-term maintenance," Mr Ipechika noted.

 

WHO calls for climate financing for health

 

Francis Ukweji, Senior Technical Lead on Health Financing at WHO, said Nigeria can tap into global climate funds and green bonds to strengthen its health infrastructure.

 

Mr Ukweji listed several financing mechanisms such as carbon pricing, climate risk insurance, blended financing, and debt-for-climate swaps.

 

"With the ongoing review of the National Health Act, we can integrate climate financing into the Basic Healthcare Provision Fund and health insurance programmes," he said.

 

He added that linking performance-based financing with renewable energy adoption could unlock new funding streams for the health sector.

 

"There's room for private sector and donor collaboration. If we use the right mix of instruments, Nigeria can build a truly climate-resilient health system," he said.

 

Read the original article on Premium Times.

 

 

 

Ghana: Govt Approves 9 Percent Pay Rise for Public Sector Workers ...Minimum Wage Up to Gh¢21.77

The Government has approved a nine per cent salary increase for all public sector workers under the Single Spine Salary Structure for the 2026 fiscal year.

 

The National Tripartite Committee has also agreed to raise the national daily minimum wage by nine per cent, moving it from ₵19.97 to ₵21.77. The new wage takes effect from January 1 to December 31, 2026.

 

The agreement was signed on Sunday after negotiations between the Government--represented by the Fair Wages and Salaries Commission, the Ministry of Finance--and Organised Labour.

 

 

In a statement issued in Accra yesterday, the Minister for Finance, Dr Ato Forson, praised Organised Labour for their cooperation and sense of national duty.

 

He said the salary adjustment was in line with government's plan to support Ghana's economic recovery.

 

According to him, the country has faced difficult periods marked by high inflation and interest rates, but recent months have shown improvement, with both indicators dropping.

 

He stated that the government aims to reduce inflation further from the current eight per cent to bring more relief to Ghanaians.

 

Dr Forson noted that government had promised to stabilise the economy during the 2025 base pay negotiations and has fulfilled that promise.

 

 

He assured the public that the same effort would continue to ensure lasting stability, adding that the Ministry of Finance and the Fair Wages and Salaries Commission would keep working to improve conditions of service for public sector workers and ensure that all approved provisions are carried out.

 

The Minister for Labour, Jobs and Employment, Dr Rashid Pelpuo, also commended the parties involved for the constructive dialogue that produced the agreement.

 

He stressed that government remained committed to promoting labour satisfaction while safeguarding economic stability, noting that the cooperation shown during the negotiations reflects a shared desire to prioritise national interest.

 

The Chief Executive of the Fair Wages and Salaries Commission, Dr George Smith-Graham, expressed appreciation to Organised Labour for their role in helping to stabilise the economy.

 

He said labour has made significant sacrifices to support the country's recovery efforts, and the positive results are now becoming visible in the broader economy.

 

He encouraged all parties to continue working together to maintain the progress achieved so far.

 

Secretary-General of the Trades Union Congress (TUC), Joshua Ansah, acknowledged the sacrifices made by workers in accepting the nine per cent increase.

 

He noted that while the increment was appreciated, it also reflected labour's understanding of the country's current economic situation.

 

However, he urged government to avoid introducing new taxes or tariff adjustments that could cancel out the gains workers stand to receive from the new salary levels.

 

He emphasised that protecting workers' living standards should remain a key priority moving forward and called on government to honour all commitments made during the negotiations, saying this is essential to maintaining trust and ensuring the welfare of workers across the country.

 

The approval of the new salary and minimum wage adjustments is expected to bring some relief to workers who have faced rising living costs in recent years.

 

By TIMES REPORTER

 

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Read the original article on Ghanaian Times.

 

 

 

Nigeria: Officials Move to Fast-Track Energy-Resilient Policies, Investments

He highlighted Nigeria's vulnerability to climate change, noting that its impacts exacerbated existing health challenges, strain infrastructure, and increased the burden of diseases in rural and urban communities alike.

 

Officials have called for accelerated policies, investments, and innovations to build climate-smart, energy-resilient, and sustainably financed health systems in Nigeria, anchored on legislative accountability and strengthened institutional partnerships.

 

Pavel Ursu, World Health Organisation (WHO) Representative to Nigeria, made the call on Monday in Abuja during the Legislative Roundtable on Climate, Environment, and Sustainable Health.

 

 

Represented by the Deputy Country Representative, Alexander Chimbaru, Mr Ursu emphasised the urgent need to strengthen Nigeria's health system against growing climate threats that increasingly disrupted environmental balance and population well-being.

 

He highlighted Nigeria's vulnerability to climate change, noting that its impacts exacerbated existing health challenges, strain infrastructure, and increased the burden of diseases in rural and urban communities alike.

 

"Nigeria faces severe health, social, and economic consequences from climate change, including more frequent climate-related disasters and worsening health inequalities affecting already marginalised and vulnerable groups," he said.

 

He added that investing in climate-resilient healthcare was both a moral and economic imperative, as the effects of climate change were disproportionately borne by those with limited access to resources.

 

 

Sustainable financing

 

Mr Ursu stressed the need for sustainable financing mechanisms to support climate-smart health systems, calling for domestic resource mobilisation, global cooperation, and innovative solutions to bridge Nigeria's healthcare funding gaps.

 

He further underscored the vital role of legislation in promoting sustainable health financing and ensuring accountability frameworks that strengthened climate resilience within Nigeria's evolving health policy landscape.

 

The WHO Representative commended Nigeria's commitment to addressing health and climate challenges through initiatives such as the National Health Act and the National Climate Change Policy.

 

He urged policymakers to prioritise climate-health resilience in development plans and budgets, ensuring that healthcare facilities were adequately equipped to protect citizens from climate-induced health risks.

 

 

Mr Ursu reaffirmed WHO's continued support for Nigeria through technical assistance, capacity building, and advocacy for sustainable health financing and equitable access to essential health services nationwide.

 

He reiterated the organisation's commitment to collaborate with government and development partners to fast-track progress toward universal health coverage and climate-resilient health systems.

 

According to him, the roundtable provided a platform for officials to discuss policy priorities, share innovations, and forge partnerships to address pressing climate, environmental, and sustainable health issues.

 

He called for urgent, collective action to protect the health and well-being of Nigerians while promoting environmental stewardship and sustainable national development.

 

In her welcome address, Rita Michael-Ojo, Executive Secretary of the Nigerian Environmental Summit Group (NESUG), said addressing those challenges required courage, clarity, and unified national commitment.

 

Ms Michael-Ojo noted that the roundtable was co-convened by the WHO, the Federal Ministry of Health and Social Welfare, and NESUG to foster dialogue on environmental sustainability and energy resilience.

 

"Nigeria is at a crossroads, and its future depends on how effectively it responds to these interconnected challenges of energy insecurity, environmental degradation, and public health," she said.

 

She warned that without clean energy, hospitals could not function effectively, and without a sustainable environment, economic growth and human development would remain critically undermined.

 

She emphasised that accountable governance was vital to ensuring Nigeria's policies endured, evolved, and translated into tangible benefits for citizens across every region of the country.

 

She revealed that Nigeria looses more than $100 billion annually to the impacts of climate change, including flooding, deforestation, desertification, and air pollution.

 

According to her, more than 150 million Nigerians live below the poverty line, enduring energy insecurity, unsafe water, and widespread environmental decline that hinder national progress.

 

She added that those challenges also created opportunities for Nigeria to reimagine its sustainability approach and harnessed green innovation for inclusive economic transformation.

 

Ms Michael-Ojo announced that the Nigeria Environmental Summit (NESt 2026) would be held from 25 to 26 March 2026, bringing together global leaders to advance Nigeria's green agenda.

 

She said the summit aimed to unlock Nigeria's 20 billion euro green economy potential, positioning the country as a leader in Africa's sustainable energy and environmental transition efforts.

 

She added that NESUG remained committed to strengthening environmental governance, institutionalising sustainability culture, and building a secure, energy-efficient, and health-resilient Nigeria for future generations. (NAN)

 

Read the original article on Premium Times.

 

 

 

 

 

 

Kenya: Ex-AfDB Boss Calls for a New Era of Strong African Institutions At 9th Babacar Ndiaye Lecture

London — Former President of the African Development Bank (AfDB),Donald Kaberuka has called for Africa to strengthen and integrate its financial and governance institutions to safeguard the continent's future in a rapidly fragmenting global order.

 

Delivering the 2025 Babacar Ndiaye Lecture on the sidelines of the World Bank Group/IMF Annual Meetings in Washington DC, Kaberuka warned that "the world is not waiting for Africa; therefore, Africa must not wait for the world," and urged African nations to take ownership of their development agenda through resilient, homegrown institutions.

 

Reflecting on global power shifts, Kaberuka pointed to the return of mercantilism; rising narrow national interests; the end of the aid era; weakened global institutions; and the erosion of multilateralism as the five trends that are reshaping the global economy.

 

 

He advised that for Africa, that means turning inward, while leading the charge for a renewed global architecture.

 

"We can no longer rely on post-war institutions that were never designed to address Africa's challenges," he said. "Strong nations are built on strong, homegrown institutions; not on borrowed ideas or conditional generosity."

 

Kaberuka emphasized that Africa's development requires an ecosystem approach, where institutions across sectors - finance, trade, peace and security, health, and governance - operate in coordinated harmony rather than isolation.

 

"Like an orchestra, African financial institutions on their own will not get to the end point. It has to be part of an ecosystem of African financial institutions and not simply financial institutions. They have to operate together in a symphony," he urged.

 

 

Kaberuka said Africa Export-Import Bank (Afreximbank) must be commended for exemplifying this model through its support for the African Continental Free Trade Area (AfCFTA), the Africa Centres for Disease Control and Prevention (Africa CDC), the regional economic communities and other initiatives and institutions of the continent.

 

Kaberuka, who is also the Chairman and Managing Partner of SouthBridge, a financial advisory and investment firm, further argued that Africa must lead in reshaping global governance to reflect 21st-century realities and replace the post-World War II institutions such as the Bretton Woods system which were primarily designed for the reconstruction of Europe and Japan and not for the needs of emerging African economies.

 

Read the original article on Capital FM.

 

 

 

 

Nigeria: Marketers Blame Supply Hiccups As Cooking Gas Prices Surge Again

The prices of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, have surged again across major Nigerian cities, with marketers attributing the hike to persistent supply chain disruptions.

 

Consumers battling the recurrent price spikes lament the increased cost burden amid rising living expenses.

 

Although there was a price hike in cooking gas that went up to about N2,000 or more per kilogramme a few weeks ago, it later went down to about N1,000 per kilogramme. But from last week, the price has been rising again, particularly in Lagos, Ogun, Oyo, and some other states in the South West.

 

 

LPG prices also went up in some areas of the Federal Capital Territory with a consumer telling one of our correspondents that he bought a kilogramme for N1700 in Lugbe on Saturday. It was also gathered that some retailers were selling the product for between N1800 and N2,000 in the Durumi area of the FCT.

 

The Major Energy Marketers Association of Nigeria (MEMAN) attributed the current price increase to supply hiccups.

 

At the weekend, LEADERSHIP went round gas stations in Lagos and Ogun states, and findings showed a recent price surge.

 

A food vendor at Anifowoshe in Ikeja, Lagos, Modinat Lanre, expressed concern over the recent surge in cooking gas prices.

 

"The price keeps going up. I use gas a lot for cooking. During the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and Dangote Refinery issue, I was buying it for N1,500 per kilogramme. After the matter was resolved, it dropped to N1,100 per kg. However, to my surprise, it has risen again to N1,300 per kilogramme. We have no choice but to buy it because it's essential for our business. Whenever we come here and they tell us the price, we just pay, whether it goes up or down," she said.

 

 

In Rivers State, the prices of cooking gas per kilogramme are not the same in parts of Port Harcourt, the state capital.

 

A survey carried out by LEADERSHIP in Old Port Harcourt Township revealed that a kilogramme of cooking gas is sold at N1,200.00 per kg at gas filling stations, while other roadside retailers sell at N1,600.00.

 

We observed that in the Eagle Island area of the Rivers State capital, cooking gas is sold at N1,035.00 per kilogramme, while roadside shop owners sell at N1,400.00 per kilogramme.

 

Jamiu Fasasi, who visited a filling station to refill his cylinder, was shocked by the new rate.

 

"N1,300 per kg? But the price had come down before. I bought it last Sunday for N1,100 per kilogramme. Why has it gone up again?" he queried.

 

 

Another customer, who came from the Opebi area to Ikeja to refill gas, when asked about the price fluctuation, remarked, "Is it N100 or N200 increase that's making you complain? Come to Opebi, my area, where they're selling it for N2,000 per kg and above."

 

A wholesale buyer and reseller confirmed the upward trend. "Yes, my brother, the price is rising, but we're managing it like that," he said.

 

When asked about the cause, he attributed it to lingering issues between Dangote Refinery and PENGASSAN.

 

"Their dispute disrupted the market, so price fluctuations are expected. But I believe things will stabilise before December."

 

In Atan, Ogun State, Bukayo Ojo reported purchasing gas at N1,400 per kg, noting that it was the cheapest option available in her area.

 

Meanwhile, speaking on the market instability, the executive secretary of the Major Energy Marketers Association of Nigeria (MEMAN), Mr. Clement Isong, attributed it to supply challenges.

 

Isong, who spoke to LEADERSHIP on concerns about the inability to create market stability, expressed some reservations about the system creating a buffer at the moment due to existing supply challenges.

 

However, he expressed optimism that, in the long term, there will be moderation and stability.

 

The executive secretary cited the efforts of the Decade of Gas, which has laid out a pathway to potentially transform the market.

 

Our correspondent reports that the Decade of Gas initiative was launched in March 2021, and one of its cardinal actions explicitly aims to address the country's Liquefied Petroleum Gas (LPG) shortage by promoting the widespread domestic use of gas for cooking and industrial purposes.

 

Key aspects of the initiative to tackle the LPG shortage include boosting local supply by encouraging domestic LPG production and supply to reduce the heavy reliance on imports--which account for around 60 per cent of consumption--and shielding the market from volatile international prices and foreign exchange issues.

 

The initiative also focuses on developing critical gas infrastructure, including pipelines, storage facilities, and transportation networks, to ensure the efficient and widespread distribution of LPG across the country, especially to rural and semi-urban areas where it is currently scarce.

 

All these interventions, according to Isong, will prevent market shocks and improve supply chain efficiency.

 

The government has launched programmes under the initiative to distribute LPG cylinders, with a target of reaching five million households by 2030, to encourage the switch from traditional cooking fuels like firewood and kerosene to cleaner LPG.

 

The initiative is supported by policy changes, such as the removal of Value Added Tax (VAT) and customs duties on imported LPG and associated equipment, to make it more affordable and attractive to consumers and investors.

 

However, despite these efforts, challenges such as inadequate infrastructure, high prices (due to import reliance and forex fluctuations), and pipeline vandalisation continue to hinder the full realisation of a sufficient and stable LPG supply under the initiative. Meanwhile, LEADERSHIP checks show that marketers are not willing to take the risk of importing the product.

 

One of the importers who craved anonymity said the company took a risk to import 8,000 metric tonnes when Dangote Refinery had issues with labour unions and was lucky enough to sell off the stock.

 

He said now that the refinery has resumed LPG production, marketers would not like to take any further risks.

 

The source further explained that there was even a time when 10,000 tonnes sold at N16 million only for the refinery to crash the price to N14 million, and marketers recorded huge losses.

 

Our correspondent also gathered that the importation of gas would be more expensive now that most European countries are importing the product massively.

 

Our sources attributed the rise in price to increased demand because of the festive period of weddings, parties, and activities that require much cooking, thus creating a major gap in supply and demand.

 

It was also revealed that most companies had exhausted their allocation from the Nigerian Liquefied Natural Gas (NLNG).

 

"Every year the NLNG offers allocation to offtakers, and by this time such allocations are exhausted. Due to fears of possible conflict in pricing, such companies are not willing to import LPG," he said.

 

A survey of Abuja retailers showed that cooking gas still sells for as high as N1,800 per kg, especially at roadside retail outlets.

 

The price of cooking gas skyrocketed from N1,100 per kg to as high as N1,800 per kg in various outlets following the recent strike by PENGASSAN.

 

Following the recent price hike, the federal government mandated the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to intensify LPG depot monitoring to prevent product hoarding.

 

The minister of state for petroleum resources (Gas), Ekperikpe Ekpo, said the recent price surge was primarily caused by two factors involving the industrial action by PENGASSAN at the Dangote Refinery.

 

Ekpo added that the other factor was the ongoing maintenance activities at the Nigeria LNG Train Four facility, which reduced the volume of LPG available in the domestic market.

 

He, however, gave the assurance that operations at the Dangote Refinery had resumed, with loading of LPG to the domestic market already ongoing.

 

The minister also said the Bonny River Terminal operated by Seplat Energy had commenced loading, while the Nigeria LNG was gradually restoring normal operations as maintenance neared completion.

 

A source in the office of the Minister of State for Petroleum Resources (Gas), who sought anonymity, confirmed to our correspondent that the directive that companies producing LPG in Nigeria prioritise the domestic market in their supply before exports is still in place.

 

"Yes, the directive is still in force, and NMDPRA is tasked with ensuring compliance--and there is compliance. You can also cross-check with the NMDPRA.

 

Like the minister said in the last press statement, LPG downstream business or retail is deregulated, and what that means is that marketers can import and sell based on what is happening in the international market," the source added.

 

Responding to LEADERSHIP's enquiry, the head of public affairs of the NMDPRA, George Ene-Ita, said, "We operate a completely deregulated downstream sector. Therefore, prices are determined by market forces. Engage dealers and operators for the reasons for this current shift, please. Prices are a function of market conditions in a deregulated environment."

 

Meanwhile, a retailer, Kingsley Paul, said that he could not sell below his purchase cost.

 

"I still have old stock. When the price we buy comes down, we will also sell at a reduced rate. Since the Dangote Refinery has resumed supply, I believe the price will drop when we get new deliveries," he said.

 

At one of the major outlets visited, cooking gas was sold at N1,450 per kg.

 

The manager, who spoke on the condition of anonymity, said they were still selling old stock and expressed hope that the price would reduce once they receive new supplies.

 

Meanwhile, Nigerians have continued to urge the government to find a lasting solution to the rising cost of LPG, as many households rely on it for daily cooking.

 

Christian Chibuzor, an environmentalist, said it was a good thing the government was trying to promote the use of cooking gas, but that they need to make it affordable for all Nigerians.

 

"Using cooking gas will help lower carbon emissions compared to traditional firewood, charcoal, or kerosene, which will help mitigate climate change and improve air quality, thereby reducing respiratory diseases.

 

"However, if the price remains high, the transition to cooking gas will be difficult to achieve, especially in rural areas. Therefore, the government must demonstrate commitment to reducing the price," he said.

 

Read the original article on Leadership.

 

 

 

 

Rwanda: Grassroots Funding Fuels Kigali's Local Road Upgrades

Transport and the movement of people and goods in parts of Kigali are set to improve as community members pool funds to upgrade neighbourhood roads that have long been in poor condition.

 

Elie Ntakirutimana, a resident of Jali Sector in Gasabo District, took the initiative to mobilise other community members to upgrade a 4.3 km neighbourhood road using their own funds instead of waiting for the city's budget.

 

Currently, Ntakirutimana, who is the president of the community development committee in Jali Sector, said the road upgrade could cost more than Rwf2 billion.

 

 

"We have a community-led project to construct a tarmac road. The area currently has a very narrow and unpaved road, less than three metres wide. Settlement sites were demarcated in the area, triggering the need for improved roads," he said.

 

The road connects to other urban centres such as Karuruma.

 

"We initiated a community-led tarmac road project because the existing road was too narrow and unpaved. The area's population is growing rapidly, and with many residents owning vehicles, we could not wait for the city's budget," he said.

 

The road will benefit two cells - Nyakabungo and Agateko - comprising seven villages. He said 25 people initially contributed funds to hire an expert for the road design.

 

 

"Over 3,000 households have committed to contribute towards road rehabilitation. About Rwf2 billion is needed. At least 48 houses worth Rwf134 million were removed to pave the way for road expansion after discussions with landowners," he said.

 

Building flood resilience

 

"The road sits at the foot of Jali Hill, where flooding frequently caused damage. We used to spend Rwf20-30 million annually on minor repairs," Ntakirutimana explained. "We decided to mobilise larger contributions for a lasting solution." Ntakirutimana said.

 

The road includes two large bridges and several smaller ones.

 

"The road should be nine metres wide, with pedestrian walkways and water channels," he noted.

 

The first phase of the road, from Karuruma centre to Nyakabungo centre, spans 2.2 km and will cost Rwf1.07 billion, he added.

 

 

"So far, Rwf80 million has been mobilised directly from residents. Laterite and stones secured from the neighbourhoods are valued at Rwf40 million, in addition to the Rwf80 million already raised from dwellers," he said.

 

He added that residents with engineering skills are also contributing by supervising the road construction, saving the Rwf60 million that would have been spent on hiring external supervisors.

 

"In total, the value of contributions so far exceeds Rwf420 million," he added.

 

Theoneste Musirikare, one of the landowners whose house was removed to make way for the road, said:"There was a huge traffic jam due to the narrow road. The initiators who mobilised us to contribute to the road upgrade did a great job. Having a paved road will improve both private and public transport. The road was almost impassable during the rainy season."

 

ALSO READ: Six things to know about Kigali urban transport improvement project

 

Marie Uwamahoro, another resident, said the idea to upgrade the road was initiated by a few community members who are now mobilising others to contribute.

 

"Every citizen commits to a certain amount. For example, one person even donated Rwf20 million. Others contribute Rwf1 million, Rwf2 million, Rwf3 million, and so on. A citizen can contribute any amount depending on their capacity," she said.

 

Initially, the residents raised Rwf30 million for minor upgrades using laterite. However, this was not a sustainable solution, as rain would erode the road since it was not paved.

 

Kigali targets 100km of neighbourhood roads by 2029

 

The City of Kigali plans to construct 100 kilometres of paved neighbourhood roads by 2029, aiming to improve mobility within the urban area.

 

This target implies that approximately 25 kilometres will be constructed each year, with four years remaining in the plan.

 

"This means that people who contributed funds will be served," said City Mayor Samuel Dusengiyumva referring to residents who have financially supported the neighbourhood roads initiative.

 

The neighbourhood road project comprises smaller access roads that connect residential areas to the city's main road network.

 

According to city officials, the initiative is designed to support communities willing to co-finance road construction, with the city providing a 50 per cent subsidy--down from the previous 70 per cent.

 

Under this scheme, citizens contribute 30 per cent of the cost, while the government previously covered the remaining 70 per cent before revising this contribution percentage.

 

However, the project faces challenges due to the City's limited capacity to meet the numerous requests for road construction.

 

Serge Nshimiyimana, vice chairperson of Kamutwa Cell in Kacyiru Sector, Gasabo District, said that citizens in one of their villages pooled resources and are now seeking financial support from the City of Kigali to help build a road in their area.

 

"Residents in our village pooled resources and we now have Rwf93 million," he said, adding that they are awaiting the City's contribution.

 

The City of Kigali stated that it is completing the pilot phase of 15 kilometres, after which it will continue collaborating with communities on neighbourhood road construction.

 

Under the 2025/2026 fiscal year budget, which begins on 1 July, more than Rwf1 billion has been allocated to this community-driven road project, which follows a cost-sharing model between residents and the City of Kigali.

 

Dusengiyumva emphasised the city's goal of ensuring that all areas with approved physical plans are eventually served by asphalt roads.

 

Read the original article on New Times.

 

 

 

 

Nigeria: Tinubu Moves to Fast-Track Siemens Power Project, Recommits to Stable Electricity

President Bola Tinubu yesterday moved to accelerate the much talked about Siemens energy deal, assuring the technical contractor handling the Presidential Power Initiative (PPI) of his administration's full commitment to improving the country's electricity supply and enhancing the livelihood of Nigerians.

 

Tinubu made the commitment during a meeting with a delegation of the German energy giant at State House, Abuja, led by its Managing Director for Middle East and Africa, Dietmar Siersdorfer.

 

He stated that the power sector was central in efforts to stimulate the economy, particularly in the industrial, educational, and healthcare sectors.

 

Nigeria's deal with Siemens, officially known as the PPI, was launched in 2019 by the Muhammadu Buhari administration to overhaul the country's electricity supply, especially the transmission and distribution parts of the power system.

 

The guiding idea was that although Nigeria actually had generating plants that could produce more power than citizens currently received, much of that electricity was lost or stranded because the grid was weak.

 

The project was planned in three phases. The first phase aimed to raise the amount of power that could reach consumers from about 5,000 megawatts to roughly 7,000 megawatts. The second phase targeted about 11,000 megawatts, while the third phase envisioned reaching around 25,000 megawatts.

 

Although the Siemens programme emphasised growing the transmission and distribution infrastructure, upgrading old substations, replacing overloaded transformers, installing modern control systems, and improving the reliability of power lines, the timelines had been missed severally.

 

Some early progress was recorded under the "Phase Zero" stage, where Siemens supplied and installed mobile power substations and large transformers in key areas. These additions had increased the grid's ability to carry more power and improved reliability in some locations.

 

But during the meeting in Abuja, Tinubu stressed that completion of the phased power project will give Nigeria a place of pride on the continent by harnessing the latent potential in human and material resources across various sectors.

 

The meeting was attended by Vice President Kashim Shettima; Minister of Finance and Coordinating Minister of the Economy, Wale Edun; Minister of Power counterpart, Adebayo Adelabu; and Special Adviser on Energy, Olu Verheijen.

 

Tinubu told the gathering, "There is no industrial growth or economic development without power. I believe that power is the most significant discovery of humanity in the last 1,000 years.

 

"I appreciate the partnership on the initiative. The progress of the project to date is notable, and we can feel it. But it is not where we want it to be."

 

He added, "We appreciate the support and commitment of the German government and Siemens. The investment you are making and your commitment align with the future of this country.

 

"Our education, our health care, and our transportation, all depend on energy, and without power, it is an impossible objective.

 

"We are taking it very seriously."

 

The president also directed the expansion of some major transformer substations, from two to three phases, to boost the country's power supply.

 

He stated, "We are all inspired and happy. This is what we want to achieve on the continent. We want everyone to see the glory of our economic recovery and banishment of poverty."

 

Tinubu assured the delegation that the government will continue to provide the needed resources for the power project.

 

Essentially, Nigeria's power supply problem is rooted in a mismatch between what is generated and what actually reaches consumers. On paper, the country has the capacity to generate over 13,000 megawatts of electricity, but in reality, only about 5,000 megawatts are consistently delivered to homes and businesses.

 

The main issue is not just generation, but the transmission and distribution network, which is too weak to carry the power that is produced. Ageing substations, overloaded transformers, and frequent system collapses mean large portions of electricity are lost before they reach users.

 

Distribution companies also struggle to collect revenue efficiently. Many consumers are not metered and rely on estimated billing, which reduces trust and payment discipline. Poor revenue collection weakens the financial stability of the sector, making it difficult to invest in repairs or expansion.

 

Gas supply to power plants is another bottleneck, as pipeline disruptions and pricing disputes often affect the amount of power that can be generated, in the first place.

 

The result is unreliable electricity, widespread use of diesel and petrol generators, high operating costs for businesses, and lower competitiveness for industries.

 

Earlier, Minister of Power, Adelabu, stated that the power sector had achieved many critical milestones, including the decentralisation and liberalisation of the sector. He disclosed that the president signed the Electricity Act 2023, and a National Integrated Electricity Policy was developed after 24 years, attracting more than $2 billion of fresh investments. The minister said the policy had resulted in the activation of 15 state electricity markets.

 

Adelabu told the German delegation, "Since the signing of the Accelerated Agreement at COP28 in Dubai in December 2023, an event you personally attended, alongside the German Chancellor Olaf Scholz, the PPI has recorded notable milestones across its implementation phases.

 

"Under the Pilot phase (Phase Zero), we have achieved significant infrastructure upgrades and capacity enhancements that are already impacting grid stability and reliability across the country.

 

"Siemens Energy has successfully delivered and commissioned 10 units of 132/33kV mobile substations, three units of 75/100MVA transformers, and seven units of 60/66MVA transformers across key load centres nationwide, which have added 984mv of transmission capacity to the grid."

 

The minister stated that in December 2024, the Federal Executive Council (FEC) approved the commencement of the Engineering, Procurement, and Construction (EPC) contract for Phase One, Batch One of the PPI.

 

According to him, the scope encompasses the upgrade, installation, and inauguration of five key substations situated in Abeokuta, Offa, Ayede-Ibadan, Sokoto, and Onitsha.

 

He said, "I am pleased to report that plans for civil works mobilisation across all five locations have been finalised, concurrent manufacturing of the required equipment is ongoing, and two of the five substations are targeted for completion by the end of 2026.

 

"As we consolidate the gains from the pilot phase and phase one-first batch, we are also preparing to advance to phase one-batch two, which has a scope for the construction of new substations and the upgrade of existing ones across key load centres nationwide.

 

"Collectively, phase one batch two of the PPI comprises a total of six brownfield and 10 greenfield substations, with a cumulative impact of 4,104MW."

 

Minister of Finance and Coordinating Minister of the Economy, Edun, stated that the completion of the PPI will enhance Nigeria's ease of doing business, create more jobs for the youth, and reduce poverty.

 

Leader of the Siemens delegation, Siersdorfer, stated that two out of the five substations under construction were expected to be completed by December 2026. He said a training centre was already under construction to ensure the training of local talents in electrical engineering, as well as create more jobs, capture local content, and transfer technology.

 

Siersdorfer stated, "The PPI is not just a project but a platform for long-term development and prosperity."

 

He informed the president that the PPI will transform Nigeria into a regional power hub, reflecting the depth of relations between Germany and Nigeria.

 

He stated, "Nigerian professionals will be engaged directly in the five project sites in Batch 1 for the site works, while thousands of jobs will be enabled in the local communities through purchased services, accommodation, and transportation, among others. These will further reflect the strength of our partnership and the viability of the roadmap we have built together."

 

The representative of German Ambassador to Nigeria, Johannes Lehne, assured Tinubu of further support and collaboration with the German government.

 

Read the original article on This Day.

 

 

 

Nigeria: Power Supply - Govt Gets €21m Energy Fund, Signs Deal With Germany

Abuja — The federal government has secured an agreement with Germany to fundamentally strengthen the technical foundations of its energy transition, especially with the receipt of €21 million to support the programme in Nigeria.

 

The deal was contained in the new 'Joint Declaration of Intent on Bilateral Energy Transition Dialogue and Cooperation', endorsed at the Working Group on Power, Energy and Climate held in Germany, a statement by Bolaji Tunji, the spokesman to the Minister of Power, Adebayo Adelabu, said.

 

"This Joint Declaration is a game-changer for our national energy architecture. It moves our partnership with Germany beyond dialogue into the realm of concrete technical assistance, ensuring Nigeria receives the specialised expertise needed to build a robust, sustainable, and secure energy future for our people," stated the minister of power, who represented Nigeria at the event.

 

 

The enhanced technical cooperation complements the long-standing Nigerian-German Energy Partnership (NGEP) and was reached during the meeting where both countries reiterated their commitment to renewable energy and socio-economic development, while also continuing and intensifying their close cooperation to advance energy.

 

Issues bordering on energy security, renewable energy as well as energy efficiency for socio-economic development, in line with technology innovation and long-term decarbonisation targets, were also discussed.

 

"The partnership is already delivering tangible benefits, with Germany's Federal Ministry for Economic Cooperation and Development (BMZ) providing an additional €9 million in 2024 to the Nigeria Energy Support Programme (NESP) and a further €12 million for the newly launched Energy Transition Challenge Fund (ETCF).

 

 

"The financial mechanisms, including the Green Line of Credit for our SMEs and the mobilisation of private investment through GET.invest are critical enablers. When combined with the technical expertise now formalised in our joint declaration, we are building a comprehensive ecosystem for energy success," the minister added.

 

The working group also underscored the vital role of strategic partnerships between Nigerian and German companies and highlighted the importance of the private sector for the energy relations between both countries.

 

Besides, the two countries noted the continued progress on the Presidential Power Initiative (PPI), while looking forward to further progress in the realisation of this initiative, even as Germany reiterated its desire for NGEP meetings to be held annually at the level of undersecretaries in the future, beginning from 2026.

 

Read the original article on This Day.

 

 

 

 

Nigeria: Renowned Energy Professor, Iledare, Wants Nigeria to Curb Oil Export

Abuja — Professor Emeritus of Petroleum Economics, Wumi Iledare, has aligned with the recent view by the Chairman of the Organisation of Petroleum Exporting Countries (OPEC) Board of Governors, Ademola Adeyemi-Bero, that Nigeria should end the wholesale export of its crude oil.

 

In a statement, the renowned engineer described it as a timely wake-up call for 'policy re-direction and economic realism', stressing that the message makes economic sense for Nigeria.

 

Speaking in Lagos, Adeyemi-Bero had challenged Nigeria to prioritise domestic refining and value creation after more than five decades of exporting unprocessed crude. He argued that nations such as Saudi Arabia, the UAE, Malaysia, and Brazil grew wealthier by developing industries around their oil and gas resources.

 

 

Iledare, arguing in the same line as Adeyemi-Bero, noted that local refining will help Nigeria reduce its import bills, conserve foreign exchange, and support job creation locally.

 

"The message makes economic sense. Local refining reduces import bills, conserves foreign exchange, and supports job creation. Every barrel refined domestically adds value to GDP (Gross Domestic Product), while every imported litre of petrol drains it. It's about value creation, not just volume production," he stated.

 

He noted that Nigeria's long-standing pattern of exporting crude and importing refined fuel has exposed the economy to foreign-exchange shocks. The emergence of the Dangote Refinery, he said, is a turning point that has already helped ease FX pressure and enhance supply stability. "Without that facility, the government might have been forced to restore fuel subsidies," he added.

 

 

However, Iledare cautioned against interpreting OPEC's position literally, explaining that what the international oil cartel was proposing is a phased transition.

 

Read the original article on This Day

 

 

 

African Central Bank Governors Hold Maiden Meeting in Accra

About twenty-four central banks across Africa and other parts of the world are meeting in Accra to discuss strategies and share lessons aimed at promoting price stability and economic growth across African economies.

 

The maiden two-day conference, dubbed the Pan-African Central Bank Governors' Conference, is being organised by the Bank of Ghana (BoG), the Bank of England, and UK International Development.

 

The conference seeks to facilitate peer-to-peer learning on leadership and institutional credibility, deepen understanding of how independence and accountability can coexist, share practical lessons from moments of stress and resilience, and strengthen regional networks of governors for continuous dialogue.

 

 

Among the dignitaries addressing the conference are the former Governor of Sveriges Riksbank, Mr Stefan Ingves; former Governor of the Central Bank of Argentina, Dr Mario I. Blejer; former Governor of the Central Bank of Kosovo, Mr Gani Gerguri; former Governor of the Central Bank of Kenya, Professor Njuguna Ndung'u; and the Director of the African Department of the International Monetary Fund (IMF), Mr Abebe Aemro Selassie.

 

Opening the programme, the Governor of the Bank of Ghana, Dr Johnson Pandit Asiama, said the BoG was honoured to host 23 central banks from across the continent and beyond at the maiden BoG-Bank of England Pan-African Central Bank Governors' Conference.

 

 

"We gather not as policymakers behind podiums, but as custodians of public trust -- men and women who know what it means to carry a nation's expectations," he said.

 

Dr Asiama noted that the roles of central banks had evolved and were no longer judged only by the policies they set, but also by the trust they sustain. He emphasised the need for stronger collaboration between monetary and fiscal authorities.

 

He further called for better communication of central bank policies, saying, "Markets move not only on what we do, but on how we explain it. So we must speak monetary truth in a language the public understands."

 

"As we deliberate over the next two days, I hope this conference yields more than resolutions -- that it deepens our trust in one another and strengthens the conviction that binds our community of governors. For in the end, the true measure of our work will not be the communiqués we sign, but the confidence we inspire -- in each other, in our institutions, and in the economies we serve," he added.

 

The Deputy Governor for Monetary Policy at the Bank of England, Clare Lombardelli, said the challenges facing central banks today were complex and evolving, ranging from maintaining price stability amid global shocks to supporting sustainable economic growth and safeguarding financial stability in an increasingly interconnected world.

 

She said the meeting offered a great opportunity to share insights, pool expertise, and develop innovative solutions tailored to the realities of African economies.

 

 

 

 

Kenya: Three UAE Firms Eye Investment in Kenyan Port and Shipping Projects

Nairobi — Three leading companies from the United Arab Emirates (UAE) have expressed interest in investing in Kenya's port and shipping infrastructure through public-private partnerships (PPPs), as the Gulf nation deepens its trade and investment footprint in East Africa.

 

Gulftainer, a global port management and logistics company, plans to co-finance the rehabilitation of Mombasa Port's older berths and enter into a 25-year PPP for the modernization and operation of berths 11-14. The firm is also exploring the launch of a direct shipping line to improve regional connectivity and trade efficiency across the Indian Ocean corridor.

 

 

Similarly, BEEAH Group, a UAE government-backed conglomerate with interests in energy, waste management, healthcare, and real estate, is seeking renewable energy and sustainability partnerships with Kenyan counties to promote green infrastructure and clean energy initiatives.

 

The Etihad Credit Insurance (ECI), the UAE's federal export credit agency, also announced plans to support trade and investment between the two countries through clean energy financing and risk insurance. In 2023, ECI committed $500 million in credit insurance for Africa's clean energy sector under the UAE's $4.5 billion Africa Green Investment Initiative.

 

aThe announcements were made during the UAE-Kenya Trade and Investment Forum, jointly organized by the Kenya Investment Authority (Invest Kenya) and the Sharjah Exports Development Center, an initiative of the Sharjah Chamber of Commerce and Industry (SCCI).

 

The event brought together senior government officials and a high-level trade delegation from the UAE to strengthen bilateral trade and investment cooperation while exploring new opportunities in Kenya's priority sectors, including logistics, renewable energy, and infrastructure.

 

 

In 2024, UAE foreign direct investment (FDI) in Kenya hit USD 121 million, making the UAE Kenya's sixth-largest source of foreign investment.

 

"Kenya is open for business, and our partnership with the UAE is a cornerstone of our national economic strategy," said Regina Akoth Ombam, Principal Secretary, State Department for Trade.

 

"This forum demonstrates our shared resolve to create meaningful trade and investment linkages that deliver tangible outcomes for both countries. We are focused on attracting quality investments that create jobs and support our industrialization goals."

 

By Faith Masita

 

Read the original article on Capital FM.

 

 

 

 

 


 


 


 Invest Wisely!

Bulls n Bears 

 

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INVESTORS DIARY 2025

 


Company

Event

Venue

Date & Time

 


 

 

 

 

 


 

 

 

 

 


 

 

 

 

 


Companies under Cautionary

 

 

 


 

 

 

 


CBZH

GetBucks

EcoCash

 


Padenga

Econet

RTG

 


Fidelity

TSL

FMHL

 


 

 

 

 


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DISCLAIMER: This report has been prepared by Bulls ‘n Bears, a division of Faith Capital (Pvt) Ltd for general information purposes only and does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities. The information contained in this report has been compiled from s believed to be reliable, but no representation or warranty is made or guarantee given as to its accuracy or completeness. All opinions expressed and recommendations made are subject to change without notice. Securities or financial instruments mentioned herein may not be suitable for all investors. Securities of emerging and mid-size growth companies typically involve a higher degree of risk and more volatility than the securities of more established companies. Neither Faith Capital nor any other member of Bulls ‘n Bears nor any other person, accepts any liability whatsoever for any loss howsoever arising from any use of this report or its contents or otherwise arising in connection therewith. Recipients of this report shall be solely responsible for making their own independent investigation into the business, financial condition and future prospects of any companies referred to in this report. Other  Indices quoted herein are for guideline purposes only and d from third parties.

 


 

 


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