Via Geopolitical Economy, a report on BRICS addition of a new partner in Nigeria, Africa’s most populous country with no. 6 population on Earth. BRICS+ now has 10 members & 9 partners, comprising 54.6% of world population & 42.2% of global GDP (PPP) BRICS continues to grow. On 17 January, it officially admitted Nigeria as […]
Read more »Via North Africa Post, a report on plans to build a super coastal highway in Africa: Côte d’Ivoire and Nigeria have revived talks for a regional highway that will link the two countries, boosting the movement of people and goods. The project is being discussed at an ECOWAS summit dominated by political issues and divisions […]
Read more »Via The Africa Report, commentary on how a new Chinese entrant in Nigerian cement is likely to ramp up competition: Dangote Cement and BUA face a new challenger in Nigeria from Chinese newcomer Huaxin Cement, which is buying an 83.8% stake in Lafarge Africa from Holcim. Holcim said in a statement on 1 December that the sale […]
Read more »Via African Arguments, commentary on the planned Africa Energy Bank, a $5B oil bank set to be launched by a coalition of African oil producers: At COP29, the UN Secretary General Antonio Gutteres said doubling down on fossil fuels would be “absurd”. The proposed Africa Energy Bank would do just that. Credit: Stakeholder Democracy. In […]
Read more »Via Semafor, a report on Nigeria’s lithium sector: Nigeria’s ambition to build a value-added supply chain for critical minerals including lithium is getting a significant boost from an unlikely source: an e-marketplace startup. Sabi, the Lagos-headquartered business-to-business e-commerce company focused on the informal economy, has been quietly building expertise as a middle man for miners […]
Read more »Courtesy of Foreign Policy, a report on one Nigerian village showing how to develop human opportunity and protect the planet at the same time: In June, I walked through the streets of Lugbe, a small community in Nigeria about 7 miles outside the capital of Abuja. Over the last 25 years, as head of USAID […]
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