The Borno State Government says repentant terrorists who have undergone rehabilitation and deradicalisation are unlikely to return to…
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African leaders pressed for sweeping reforms to improve access to affordable credit during the second day of the Africa Forward Summit in Nairobi, as they seek to unlock major investments across the continent.
More than 30 African heads of state and government gathered in Kenya’s capital for the summit with French President Emmanuel Macron, the first time France has hosted such an event in an English-speaking African country.
Kenya’s Foreign Minister Musalia Mudavadi said the core issue was the high cost of borrowing caused by perceptions of elevated risk. “Africa has always been regarded as a high-risk area. And therefore access to credit, both for governments and for businesses, has always been pegged at higher interest rates,” Mudavadi told Reuters. “We need to address that. We need to have a situation where the financial markets globally start looking at Africa differently.”
Among the attending leaders were the presidents of Botswana, Côte d’Ivoire, Nigeria, Senegal and Zambia, along with UN Secretary-General António Guterres.
Macron expressed support for a first-loss guarantee mechanism to boost private investment into Africa. “We are going to go together to Evian in mid-June to convince the G7 to endorse that,” he said. He also invited Kenyan President William Ruto to attend next month’s G7 summit in Evian-les-Bains, France.
The leaders called for changes to the methodologies used by international credit rating agencies, which they accuse of overstating Africa’s risk. They also proposed that wealthy nations establish a debt refinancing mechanism for heavily indebted countries.
Major rating agencies, including S&P Global Ratings, Moody’s and Fitch, reject claims of regional bias, insisting their assessments are based on globally applied and publicly disclosed criteria.
The African Union is working to establish its own continental credit rating agency, which supporters say would offer a more accurate evaluation of African risk. In January, the African Export-Import Bank cut ties with Fitch over the agency’s risk assessment approach.
Broader discussions at the summit covered climate action, peace and security, digital transformation, and stronger African representation on the UN Security Council, including possible limits on veto powers.
France hopes the summit will help rebuild partnerships in Africa as its influence has waned in several former West African colonies, where governments have expelled French troops and reduced economic ties.
African Leaders Push For Credit Reforms At Nairobi Summit is first published on The Whistler Newspaper
The Nigeria-South Africa Chamber of Commerce, NSACC, has called for calm, dialogue and strengthened bilateral cooperation amid recent xenophobic unrest in South Africa.
The Chairman of NSACC, Dr Ije Jidenma, made the call in a statement on Tuesday in Lagos.
The Federal Government has taken steps, including diplomatic engagements, investigations, legislative actions and voluntary evacuations to address the situation.
Jidenma expressed deep concern over the unrest in parts of South Africa, noting that the situation affected communities, businesses and livelihoods.
According to her, the chamber is particularly concerned about the impact on Nigerians and other African nationals living in South Africa, as well as the adverse effect on South African businesses and the broader investment climate.
She added that “as an organisation committed to fostering strong economic and cultural ties between Nigeria and South Africa, we emphasise that moments like this call for restraint and constructive engagements.
“Both nations share long-standing relationships built on mutual respect, cooperation, trade and a shared vision for African prosperity.
“These values must remain at the forefront during periods of tension such as this.”
Jidenma urged governments, community leaders, Civil Society Organisations, CSOs and citizens to prioritise peaceful dialogue and uphold the rule of law.
She said ensuring the safety and protection of all residents, irrespective of nationality, was essential to maintaining trust and stability.
The NSACC chairman also called for continued collaboration between Nigerian and South African authorities to address underlying issues, prevent escalation and strengthen mechanisms that support conflict resolution and social cohesion.
“Our thoughts are with all those affected. We remain committed to working alongside our partners to promote unity, economic resilience and renewed focus on the shared opportunities that bind our two nations,” she said.
Nigeria-South Africa Chamber calls for calm over xenophobic unrest
Inter Milan legend, Wesley Sneijder, believes Arsenal could lose 4-0 against Paris Saint-Germain when both teams clash in the Champions League final in Budapest later this month.
Recall that Arsenal recently qualified for the Champions League final after beating Atletico Madrid, while Paris Saint-Germain knocked out Bayern Munich.
“I don’t believe the full-backs are the best players in the Champions League, and that is where PSG have power, especially on the left side,” Sneijder told Hard Rock Bet as quoted by Metro UK.
“If Arsenal manage it and win 1-0, then it is a great job.
“But I believe it will be very hard not to concede against PSG. So, it can either be 3-0 or 4-0 to PSG, or 1-0 Arsenal.”
UCL: Wesley Sneijder predicts scoreline of Arsenal vs PSG final
After listening to Ilebaye’s dad intensively, I realized how evil the man is and my advise to Ilebaye is that she
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The Managing Director of APM Terminals Apapa Limited, Mr Kamal Alhraishat, has reaffirmed the company’s unwavering commitment to safety, describing it as the foundation of all operations at the terminal and a deeply embedded culture rather than a regulatory obligation. He made this assertion recently during the commemoration of the 2026 Global Safety Day, themed […]
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Senator Sadiq Suleiman Umar’s third term ambition has suffered a set back as a section of the senatorial district has kicked against his bid.
At a press conference in Ilorin on Tuesday, National President of Patigi Emirate Development Union, PEDU, Salihu Bologi Umar, expressed deep concern over reports indicating the intention of serving senator to seek re-election for the Kwara North Senatorial District ahead of the 2027 general elections.
The group declared its position to include a “no to third term representation, respect for the established zoning tradition, Justice for Patigi local government area, two terms are sufficient and Patigi turn is now.
“Kwara North belongs to all its constituent communities equally, no individual or local government area should dominate the collective political destiny of the district at the expense of fairness, balance, and democratic justice, the group said.”
Bologi, urged all political actors, stakeholders, traditional institutions, youth groups and community leaders across Kwara North Senatorial District to uphold the principles of fairness, equity, dialogue and mutual respect in the overall interest of regional peace, political stability and democratic sustainability.
The group declared that “any attempt to deny Patigi Emirate its rightful opportunity to produce the next senator for Kwara North may compel many stakeholders and supporters within the Emirate to reconsider their political options and explore alternative democratic platforms capable of accommodating the legitimate aspirations of our people.
“This position is not intended as a threat, but as a sincere appeal for justice, inclusion and the preservation of political trust between the party and the people of Patigi Emirate.”
The national president, said, “for decades, the people and political stakeholders of Kwara North Senatorial District have sustained a respected and peaceful zoning understanding founded on the principles of justice, equity, inclusion and mutual political respect.”
Bologi, explained that the zoning arrangement, which allows for rotational representation among the constituent local government areas after every two terms or eight years, has remained instrumental in preserving political harmony, strengthening inter-community trust and promoting collective ownership of democratic representation within the senatorial district.
“It is on the basis of this long standing and widely acknowledged understanding that the people of Patigi local government area consider it both justifiable and appropriate that the 2027 Kwara North Senatorial District mandate be ceded to Patigi local government area,” the group added.
There is something comforting about the smell of freshly baked meat pies coming out of the oven. In homes, bakeries, school canteens, bus parks, and roadside snack shops,
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The Borno State Government has said repentant terrorists undergoing rehabilitation and deradicalisation must swear with the Quran before they are reintegrated into society…
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The Magistrate Court in Wuse Zone 2, Federal Capital Territory, on Tuesday docked the embattled former Chairman of the Social Democratic Party, Shehu Gabam, for alleged financial misappropriation and other charges.
The case between between Gabam and the current Chairman of SDP, Sodiq Abubakar, are contained in case file No. DCC/10/2026, before the FCT Chief Magistrate Court.
Gabam, alongside Chukwuma Uchechukwu, were arraigned on six-count charges bordering on financial misappropriation at SDP amounting to over N35 million, forgery, and bridge of trust.
However, Gabam at the hearing pleaded not guilty before the judge of the Magistrate Court, Amauche Onyedium.
The magistrate therefore granted Gabam N3 million bail with two sureties within Abuja.
Speaking at the hearing, Abubakar said the opposition party decided to drag Gabam before the court in an effort to cleanse it from external influences.
“We are confident that the Judiciary will do justice to our millions of our members,” Abubakar said.
According to him, the party had asked the Independent National Electoral Commission to prosecute Gabam, but nothing was done, which is the reason they brought the matter before the judiciary.
“He squandered the party’s fund in his time between 2022 and 2023,” he noted.
Recall that Abubakar was elected as the chairman of SDP during the party’s national convention held in Bauchi on May 9th, 2026.
At the weekend, thugs suspected to be loyal to Gabam had put down the gate of the SDP’s national secretariat.
Court docks Gabam for alleged misappropriation as SDP chairman reacts