Foreign News
Mark Zuckerberg; Bill Gates Others to Attend Nigeria Investment Forum in New York
By Mathew Dadiya, Abuja
The Nigerian government, in collaboration with the Africa Business Roundtable, in a bid to further open up the country’s economy to international capital and attract foreign investment, organize the second edition of the Nigeria International Economic Partnership Forum (NIEPF), a global economic investment platform in New York, the United States of America (USA).
Some of the key participants include the Chief Executive Officer of Facebook, Mark Zuckerberg; Bill Gates, John Kerry, US Special Presidential Envoy for Climate; Dr.
Ngozi Okonjo-Iweala, Director General of the World Trade Organisation, Dr. Akinwumi Adesina, President of the African Development Bank, and Amina J. Mohammed, Deputy Secretary General of the United Nations to mention but a few.The high-level event is scheduled for Thursday, September 22, 2022, on the sidelines of the 77th United Nations General Assembly taking place in America.
Holding alongside the annual global gathering, the NIEPF is expected to draw the presence of world leaders in politics, economy, media as well as Civil Society Oganisations and international media to focus on the vast economic potentials of Nigeria and Africa’s leading economy.
Most significantly, President Muhammadu Buhari will deliver the keynote address at the event and will also host a High-Level Presidential Session with fellow Presidents and Heads of delegations on Issues That Need Joint Action for African Countries on the Development Drive such as the Post COVID-19 recovery and financing priorities; Africa’s Investment Climate and Market as well as De-risking the Continent.
The NIEPF will bring together top Nigerian government functionaries as well as renowned and highly respected global public and private sector players rubbing minds on Nigeria’s Economic Outlook, focusing on Nigeria in The Global Economy; and International Partnership for Nigeria on The Development Drive.
There will be cluster thematic sessions on: Growing Nigeria’s Agriculture for Food Security and Access to Export Market with special focus on Impact of the Russia-Ukraine War which presents opportunities for G7/G20-Nigeria Partnerships in Agriculture; Scaling Up International Resources for Financing Education in Africa with emphasis on Making facilities to Link Government, Deal Sponsors and International Pools of Capital in Education; and Nigeria’s Oil and Gas Sector: Reforms, Results and the Road focusing on Scaling Up Investment into the Gas Market—Plants, Parks, Cylinders, Reinjection.
Other issues slated for discussion include: Scaling Up International Resources for Healthcare in Africa bordering on: Upgrading and expanding Nigeria’s Healthcare Infrastructure towards making Nigeria the “healthcare hub” for Africa; Climate Change and Paths to Clean Environment with emphasis on Paths to Clean Economy, Clean Energy and Clean Development.
As well as Financing Nigeria’s Infrastructure with emphasis on Developing infrastructures such as Farm to market corridor, Farm to ports corridor, Export transport corridor, Railway network, Road network upgrade and expansion, Airport upgrade, including dedicated airports for exports, Power generation, transmission and distribution.
Speakers and panelists at the event include Aliko Dangote, President of Dangote Group; Bill Gates, Co-Founder of Bill and Melinda Gates Foundation; Satya Nadella, Chairman Business Council of the United States and Chief Executive Officer Microsoft Corp, Antony Blinken, Secretary of State of the United States, Florie Liser, President of the Corporate Council on Africa, and Members of the Business Council of International Understanding, Geoffrey Onyeama, Minister of Foreign Affairs, Zainab Shamsuna Ahmed, Minister of Finance, Budget and National Planning, John Kerry, US Special Presidential Envoy for Climate; and Abdul Samad Rabiu, Executive Chairman of BUA Group, who is also the President of the France-Nigeria Business Council.
Others are Mark Zuckerberg, Chief Executive Officer of Facebook, Dr. Ngozi Okonjo-Iweala, Director General of the World Trade Organisation, Dr. Akinwumi Adesina, President of the African Development Bank and Amina J. Mohammed, Deputy Secretary General of the United Nations to mention but a few.
Foreign News
Kenya Suspends Strike after Transport Paralysis over High Fuel Prices
Transport operators in Kenya have suspended their nationwide strike following talks with the government over rising fuel prices.
The operators said the suspension will remain in place until next Tuesday to allow for further negotiations with the government.
The move comes after the nationwide strike, which brought the capital Nairobi and other cities to a standstill, entered a second day on Tuesday.
At least four people were killed and 30 injured in Monday’s protests, with more than 700 arrested nationwide, according to the authorities.
On Tuesday, Interior Minister Kipchumba Murkomen said the deal to end the strike came after consultations with public transport representatives, and negotiations “at a higher level” would be conducted within the next week.
“We have had a breakthrough not because we are satisfied, but because we want to give negotiations a chance,” said Edwin Mukabane, the national chairman of the Federation of Public Transport Sector.
“If this is not taken seriously within the seven days, the strike will be back on,” he added
Major roads in Nairobi were still largely empty on Tuesday morning with businesses shut and schools closed.
Like the previous day, many Kenyans were forced to walk to their destinations, although a small number of public transport vehicles reportedly resumed services on some routes.
Police were patrolling parts of the city to maintain security amid reports of protesters blocking some routes.
Police urged demonstrators to remain peaceful, and not to loot and destroy properties.
The Directorate of Criminal Investigations said investigations into Monday’s demonstrations were ongoing, with many of the suspects already arraigned in court.
Kenyan rights group Vocal Africa denounced “the use of lethal force by law enforcement”.
The state-funded Kenya National Commission on Human Rights (KNCHR) called for immediate investigations into the violence and destruction of property, and urged the police to exercise restraint.
In the coastal city of Mombasa, a sense of normality was reported to have returned, with public transport services resuming.
On Monday, groups representing the transport sector held a meeting with the government.
Energy Minister Opiyo Wandayi announced they had agreed to reduce the price of diesel, which had risen to a high of 242 shillings ($1.8; £1.4).
The energy regulator subsequently reduced its cost by 10 shillings while retaining the cost of petrol at 214 shillings.
The reduction, however, fell short of protesters’ demands and the transport sector representatives insisted the strike would continue.
At the end of a subsequent meeting on Tuesday morning, Wandayi said the government would continue to be “sensitive to the plight of petrol consumers” and thanked the transport operators for agreeing to suspend the strike.
The operators are calling for a fuel price cut of up to 46 shillings, to levels last seen before the US-Israel war with Iran that began on 28 February.
Like many other African nations, Kenya relies on fuel from the Gulf, which has been disrupted by the conflict.
Although a ceasefire has been declared, prices remain high as the Strait of Hormuz, where a fifth of the global oil supply passes through, remains blocked.
Last month, the government cut VAT on fuel from 16% to 8% until July but there have been calls for it to do more.
Foreign News
Strike over High Fuel Prices Paralyses Transport in Kenya
Thousands of Kenyan commuters have been stranded and businesses paralyzed as public transport operators went on a nationwide strike to protest against recent increases in the cost fuel.
Key roads in the capital Nairobi remained largely empty, forcing some commuters to walk to work, with other parts of the country also affected by the transport crisis.
Businesses in parts of Nairobi remained shut and schools asked students to stay at home.Protesters have been barricading roads and lighting fires on the roads as the protests continue.
The strike comes days after the authorities raised petroleum prices to record levels, with costs increasing by more than 20%.
Kenya, like many other African countries, relies heavily on fuel imports from the Gulf, a supply route disrupted by the US-Israel conflict with Iran that began on 28 February. Even though a ceasefire has been declared, fuel prices have remained high as the Strait of Hormuz, where a fifth of the world’s oil passes through, is still blocked.
In parts of Nairobi and elsewhere across the country, police clashed with protesters, using tear gas to disperse them. This came amid reports of demonstrators stopping and harassing some motorists.
Ahead of the strike, the police assured Kenyans that security measures would be in place and warned against any disruptive conduct.
The association representing transport operators had earlier urged all vehicle users, including private motorists, public transport buses (locally known as matatus) and truckers, to stay off the roads as part of a coordinated shutdown.
“This action is not only for transport operators, but for every Kenyan citizen,” the Transport Sector Alliance (TSA) said in a statement.
The alliance has accused the government of not doing enough to shield Kenyans from the rising fuel prices, amid a broader high cost-of-living crisis.
It has called for the reversal of the price increases announced last week, and for fuel prices to be reduced by about 35%.
The Energy and Petroleum Regulatory Authority (Epra) on Thursday raised prices to a high of 242 shillings ($1.8; £1.4) a litre for diesel and petrol to $1.65.
Treasury Minister John Mbadi told local NTV station on Monday that the increase in fuel prices was “unfortunate” and acknowledged that it was hurting the economy.
He however said the strike was “completely uncalled for” and the government would only make decisions that are “informed and not emotional”.
“Why are we trying to solve a global problem using domestic means?” he asked.
The high cost of fuel is being blamed for increases in the price of food and other basic goods and services, with public service vehicles already raising commuter fares.
Last month, the government cut VAT on fuel from 16% to 8% until July but there have been calls for it to do more.
Foreign News
Ghana Evacuates 300 from South Africa over Anti-immigrant Protests
Ghana says it will evacuate 300 citizens from South Africa following a recent wave of protests against foreign nationals.
Foreign Minister Samuel Okudzeto Ablakwa said in a post on X on Tuesday that the Ghanaian president had granted approval for their “immediate evacuation”.
He said the “distressed” Ghanaians had registered at the country’s embassy in Pretoria to be rescued in response to an advisory by the foreign ministry “Following the latest wave of xenophobic attacks”.
Last week, South African authorities denied that anyone had been attacked, saying the widely circulated videos were fake.
On Monday, South African President Cyril Ramaphosa said the recent “protests and criminal acts directed at foreign nationals” did not reflect government policy, describing them as “isolated acts of criminality”.
He added that South Africa would “regulate migration, secure our borders and enforce our laws”.
Thousands of South Africans joined protests against illegal immigration, demanding the mass deportation of undocumented foreign nationals. Protesters say illegal immigration has had an impact on jobs, housing and crime.
On Tuesday, the Ghanaian embassy in South Africa advised nationals to be highly cautious and prioritise their safety by avoiding public gatherings and shut their shops or businesses in the port city of Durban ahead of a protest planned on Wednesday.
Ghana and Nigeria have recently summoned the South African envoys to their respective countries over the mistreatment and harassment of their citizens.
Ghana has also written to the African Union (AU) asking it to discuss the issue, saying it posed a “serious risk to the safety and wellbeing” of Africans in South Africa.
South Africa responded by saying it had “nothing to hide”. The government has condemned the circulation of what it called “fake videos and images” described by some as recordings of attacks on foreign nationals.
Other countries that have warned their citizens in South Africa include Kenya, Malawi, Lesotho and Zimbabwe.
According to official figures, South Africa is home to more than three million foreigners, or about 5% of the population, but there are believed to be many more without papers.
Xenophobia has long been an issue in the country and has been accompanied by occasional outbursts of deadly attacks.


