Connect with us

News

UK To Sign Trade Agreements With 14 African Countries

Published

on

The United Kingdom Department for International Trade has confirmed that new trade agreements would come into force in January for the UK with 14 African partners with the prospect of more countries to follow.
This is, according to a statement issued by the department’s Nigerian office, yesterday.
It added that 35 African partners would also receive preferential access to the UK through its trade presence scheme.
It also announced that the department would host a one-day virtual Africa Investment Conference on January 20, 2021.
The conference is expected to bring together UK and African businesses to explore opportunities for partnership and investment.
The conference comes one year after the UK-Africa Investment Summit hosted in London by Prime Minister Boris Johnson, where 27 trade and investment deals worth £6.5billion and commitments worth £8.9billion were announced.
According to the statement, businesses would be able to discuss emerging and relevant themes around doing business in Africa.
They would also connect to investment opportunities across the African continent, all in the context of a challenging global economic outlook.
The development of the UK’s new trade arrangements alongside Africa’s own Continental Free Trade Agreement can unleash new opportunities for African and UK businesses, it said.
The UK Minister for Investment, Gerry Grimstone, said in spite of the current global economic context, the UK’s ambition to be Africa’s investment partner of choice had never been stronger.
“Growing investment relationships will be central in helping economies recover and build back better from the disruption caused by Coronavirus.
“Africa’s economic potential and investment opportunities are huge, and our partnership will help ensure UK and African businesses are able to capitalise on trade and investment opportunities, now and in the future.”
He said that the conference would be a platform for attendees to hear directly from UK companies about the opportunities and challenges of investing in and doing business across Africa.
Firms would also learn more about the UK’s new trade arrangements with Africa and support offered by the UK government to businesses and investors.
“The event will also explore how inclusive, sustainable and resilient investment can serve to help countries across the continent transition to a cleaner, greener economy and support recovery from the impact of Coronavirus.”
Driven by the insights of the recently established Africa Investors Group, the conference would focus around four key sectors of activity.
They are sustainable infrastructure, renewable energy, financial and professional services and agriculture and agri-tech.
The Minister for Africa, James Duddridge, said that the UK was working with countries across Africa to build strong partnerships that secure investment and deliver more of the exports, jobs and economic growth that benefit both African and British businesses.
“Over £6.5billion worth of deals were signed at the UK-Africa Investment Summit 2020, which showcased the UK’s offer to African nations, as a global financial gateway and home to the world’s major investors, regulators and innovators.
January’s event will once again bring together British and African businesses and entrepreneurs, to support more prosperous African countries.”
Her Majesty’s Trade Commissioner for Africa, Emma Wade-Smith, said the conference would build on the achievements of 2020’s landmark UK-Africa Investment Summit.
According to her, connecting British businesses to the wealth of opportunities that exists across African markets and supporting them in the realisation of their commercial projects is at the heart of the department’s work.
“With the global disruption to markets caused by Covid-19, investment will be vital to accelerate the UK and Africa’s economic recovery.
“I am proud that the investment partnerships that exist between Africa and the UK continue to sustain jobs and improve lives.”
The Co-Chair of Africa Investor’s Group, Andrew Skipper, said it was expected that the conference would demonstrate what had been achieved and establish a platform for what could be done working in collaboration in the future.

Continue Reading

News

Victory Over Insurgency Certain, Tinubu Assures

Published

on

President Bola Tinubu has expressed confidence that the country would win the fight against insecurity.

The President gave the assurance at the Argungu International Fishing Festival in Argungu town, Kebbi State, on Saturday.

He noted that the relative peace currently being enjoyed in Kebbi and neighbouring states was the result of sustained investments in security intelligence, coordination among security agencies, and community engagement.

Tinubu assured farmers and fishermen of sustained federal support to guarantee food security and safety across the country.

“The peace we are witnessing today is not accidental. It is the outcome of deliberate and sustained efforts. I assure you that the fight against banditry, insurgency, and insecurity will be won.

“Our farmers, fishermen, traders, and families will go about their lawful activities without fear,” he assured.

The President commended the organisers of the festival for sustaining the cultural event for decades, noting that it had endured for 83 years despite social and security challenges.

Describing the Argungu festival as a powerful symbol of unity, resilience, and peaceful coexistence, Tinubu stated that it reflects the richness of the country’s culture and the opportunities to harness its natural and human resources for national growth.

He said, “Today, this festival stands as a powerful symbol of unity, resilience, and peaceful coexistence among our people.

“It reflects the richness of our culture, the strength of our traditions, and the opportunities inherent in harnessing our natural and human resources for national development.”

The President was received by a large crowd of residents, traditional rulers, fishermen, tourists, and government officials from across the country.

The President reaffirmed his administration’s commitment to youth and women empowerment, irrigation development, rural electrification, and agricultural productivity.

Earlier, the Kebbi State Governor, Nasir Idris, said his administration was determined to elevate the Argungu Fishing Festival to full international standards while pursuing aggressive development across critical sectors of the state.

Continue Reading

News

US Embassy, Lagos Consulate Close Today For President’s Day

Published

on

The United States Embassy in Abuja and the Consulate General in Lagos will be closed today, in observance of Presidents’ Day.

The mission made this known in a notice shared on its official X page, yesterday.

“The U.S. Embassy in Abuja and the Consulate General in Lagos will be closed on Monday, February 16, 2026, in observance of Presidents’ Day,” the post read.

According to the embassy, Presidents’ Day was originally established to honour the birthday of the former US President, George Washington, but has evolved into a day to celebrate all U.S. presidents and their leadership in shaping the country’s history.

The embassy noted that the holiday also recognises the influence of U.S. presidents on global affairs.

In a related message, the mission highlighted that Washington created the first “Badge of Military Merit,” which later became the Purple Heart. The medal still bears Washington’s image today.

Presidents’ Day is observed on the third Monday of February annually in the United States as a federal holiday.

Continue Reading

News

Guterres Backs Nigeria’s Bid For UN Security Council Seat …Hails Tinubu’s Reforms, Regional Security Role

Published

on

United Nations Secretary-General, António Guterres, has charged Nigeria with spearheading Africa’s quest for a restructured global order, describing the country as uniquely positioned to lead the continent toward superpower status.

Guterres, who backed Nigeria’s bid for the world body’s security council seat, also praised the economic reforms of the President Bola Tinubu-led administration as well as Nigeria’s leadership in stabilising the Sahel and ECOWAS regions, despite facing its own security challenges.

The UN scribe made the remarks last Friday night during a high-level bilateral meeting with Vice President Kashim Shettima on the sidelines of the 39th African Union (AU) Summit in Addis Ababa, Ethiopia.

Speaking during the meeting, Guterres said Nigeria’s large population, sustained democratic governance, vast natural and human resources, and longstanding commitment to multilateralism placed it in a unique position to lead Africa in the evolving global order.

“Given Nigeria’s demographic strength, democratic continuity and deep resource base, the country stands a real chance of leading Africa to becoming the next superpower in the evolving global architecture,” he said.

The UN Secretary-General and the vice president discussed key developments in Nigeria and the country’s expanding leadership role in promoting regional stability across West Africa and the Sahel.

Guterres commended the remarkable and outstanding reforms of the administration of President Tinubu, noting that Nigeria’s bold economic restructuring and security commitments have strengthened its continental standing.

The meeting focused on strengthening Nigeria–UN collaboration to advance global economic growth, peace and security, sustainable development, and a coordinated humanitarian response across Africa.

In his remarks, Shettima thanked the UN Secretary-General for his leadership in advancing global peace, noting that Africa has benefited immensely from his tenure, even as the United Nations undergoes internal restructuring.

“We remain committed to multilateralism and to deepening our partnerships with the United Nations and other global institutions,” the vice president said.

Shettima also reiterated Nigeria’s longstanding call for comprehensive reform of the United Nations system to reflect evolving global realities.

He emphasised that Africa must have stronger representation in global decision-making structures and declared that Nigeria deserves a permanent seat on the United Nations Security Council.

Both leaders pledged to deepen cooperation, with Guterres reaffirming the UN’s support for Nigeria’s reform agenda and its growing leadership role in advancing peace, security, and development across Africa.

 

Continue Reading

Trending