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Is Africa Really Rising? Elumelu, Adesina, Graca Machel And Others Think So.

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Elumelu At World Economic Forum

So say the co –chairs at the recently concluded World Economic Forum on Africa which was held in Kigali, Rwanda from May 11th -13th, 2016.

Rwanda, the land of a thousand hills is as beautiful as ever as it welcomed 14 African heads of state and many leading African business persons who converged to discuss how to move the African continent forward.

Leading African businessman and philanthropist Tony O. Elumelu; Akin Adesina, President of the African Development Bank; Graca Machel, former first lady of Mozambique and widow of Nelson Mandela; Phillipe le Houerou, CEO of the International Finance Corporation and Tarek Sultan Al Esso, Vice Chairman of the Board Agility were co -chairs at the World Economic Forum on Africa to discuss the 4th industrial revolution and the impact it will have across the continent.

The numerous plenary sessions and discussions throughout the forum, some of which were opened by H.E President Kagame, centred on creating dynamic and effective strategies to encourage long term development and continued economic growth in light of the opportunities and challenges faced on the continent.

According to Elumelu, discussing at the forum on moving Africa forward, organized by NEPAD, “When people say Africa is on the move, it is truly on the move because we have an ecosystem that is supporting itself. Let us remember to keep passing the baton to others’ in reference to championing young African entrepreneurs across the continent. Elumelu who has endowed $100m through his Tony Elumelu Foundation in support of Young entrepreneurs with start up businesses stated that the only way the continent’s anticipated movement will happen is when private sector helps to create significant jobs and employment for youths thus addressing one of society’s most pressing needs and challenges.

On his part, Adesina emphasized that everything revolves around power in the 4th industrial revolution. “We must recognize that it(the 4th industrial revolution) is already on its way but everything revolves around access to power and electricity.” Creation of jobs is the second issue he added. The huge numbers of youths who do not have jobs on the continent heighten social and economic fragility in Africa, Adesina said at the meeting of the forum’s co chair on the second day.

Winnie Byanyima of Oxfam who herself was not a co chair reiterated that public education was one of the keys to the success of Africa rising just as Graca Machel did. For Nelson Mandela’s widow, education and gender equality were the two main issues that needed to be resolved in order for the continent to move forward. According to her, “We have not been able to anticipate the needs of skills. We can’t move as we should if we don’t take a look at how we reinvent our systems of education and private sector has a role to play here along with the public sector. So systems will prepare young people for the future”.

There was no doubt that the top three main issues for the continent as emerged from the World Economic Forum on Africa are: job creation, access to power and transportation.

On the issue of poor transportation networks on the continent, Dr. Mayaki acknowledged that “the competitiveness of our industries is largely affected by logistics problems in Africa.’ This was further buttressed by Elumelu who explained that “Africa is a continent rooted in its past. We have a transportation system conceived, designed and built centuries ago not for the purpose of intra trade nor for moving people around, but for goods to be moved to ports. Tareq Sultan Al Esso was in agreement and said “we need to focus on trade facilitation. We have to make it easier for everyone to do business. It’s low hanging fruit”.

So again we beg the question: Is Africa rising?

Elumelu sees the glass as half full. In spite of the decline in commodity prices in the world in the past 5 years, Africa has remained relatively resilient. For Elumelu “I would rather invest in Africa than elsewhere in the world because the return on my investment in Africa is much higher than elsewhere in the world. I see myself as an Africapitalist and everything I do is guided by this philosophy’. He enjoins Africans to develop Africa but is open to help from outside of Africa. His message to foreign Aid agencies and owners of the billions of capital worldwide looking for a home: ‘let other wealthy Africans, friends of Africa who want to help Africa truly develop, and organisations committed to youth empowerment and job creation take up the rest of the applications from our Tony Elumelu Entrepreneurship Programme.’

As everyone leaves Rwanda, a once ravaged country transformed into a beautiful African haven, it is with hope that Africa also can become transformed in a truly sustainable way.

Africa is indeed rising. The continent is on the move.

BIG STORY

UPDATE: Nigerian Police File 12 Fresh Cybercrime Charges Against Dele Farotimi [PHOTOS]

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The Nigerian Police have brought new cybercrime charges against detained human rights lawyer, Dele Farotimi.

The additional 12-count charge was filed on Friday, December 6, 2024, before a Federal High Court sitting in Ado-Ekiti.

This comes after 16 charges were previously filed against Farotimi by the Police on Wednesday.

It will be recalled that the human rights lawyer was arrested in Lagos on Tuesday, December 3, 2024, by operatives of the Ekiti State Police Command.

The following day, he was arraigned in a magistrate court in Ado-Ekiti on a 16-count charge of defamation of character against Senior Advocate of Nigeria (SAN) Afe Babalola, who was mentioned in his book, ‘Nigeria and its Criminal Justice System’.

In his ruling, Magistrate Abayomi Adeosun remanded Farotimi in prison custody until December 10.

In the latest charges, Farotimi is accused of making defamatory statements on Seun Okinbaloye’s podcast, based on content in his book, ‘Nigeria and Its Criminal Justice System’.

He is further accused of intimidating and maligning Afe Babalola during the podcast.

The lawyer was also charged with publicly discussing details of legal actions taken against him during a press conference on December 2, 2024, prior to his arrest on December 3, 2024.

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BIG STORY

Taraba Governor’s Sister “Accidentally Shot By Police Escort” During Gunmen Attack

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Atsi Kefas, the sister of Agbu Kefas, the governor of Taraba State, was reportedly shot by a police escort during an attack by gunmen on Thursday.

According to Zagazola Makama, a counter-insurgency publication focused on the Lake Chad region, Jumai, the governor’s mother, and Atsi were traveling along Kente Road in Wukari LGA of Taraba State when they were attacked.

The publication stated that a police officer assigned to escort the family “accidentally shot Atsi” while attempting to fend off the assailants.

Following the attack, troops rescued the victims and evacuated both Jumai and Atsi Kefas from the scene using an air ambulance.

The injured sister was rushed to the hospital for treatment, and her condition remains undisclosed at the time of this report.

The vehicle used by the gunmen was recovered by security forces, along with an empty magazine, and the luggage of the passengers was found in the vehicle.

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BIG STORY

Governor Sanwo-Olu Seeks Investors For Proposed $1.9bn Purple, Green Rail Line Projects

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Babajide Sanwo-Olu, the governor of Lagos, announced that he is seeking investors for the proposed $1.9 billion purple and green rail lines.

Sanwo-Olu made the statement on Thursday at the ongoing Africa Investment Forum (AIF) Market Days in Rabat, Morocco.

Discussing the state’s investment strategy for the purple rail line, Sanwo-Olu emphasized that the project presents a strong investment opportunity with promising returns.

The governor expressed enthusiasm about moving forward with the project, stating that his administration is ready to be flexible with investors to ensure its successful delivery.

He added that the purple rail line would connect Lagos and Ogun states.

“The purple rail line is a 60 km electrified rail system that will include 16 stations and seamlessly integrate with existing metro and bus services to enhance connectivity,” Sanwo-Olu said.

“It is projected to serve over 300,000 passengers daily, significantly reducing greenhouse gas emissions by encouraging a shift from road to rail transportation.”

Sanwo-Olu informed potential funders that the immediate requirement is $866.05 million, which will cover survey and design, as well as civil works.

He outlined a short-to-medium-term funding projection of $602.81 million and a long-term funding plan of $497.7 million.

The governor highlighted that the state is working toward a transportation master plan aimed at creating a brighter, more effective, efficient, sustainable, and safer system.

He emphasized the state’s focus on integrated transportation systems and mass transit solutions to reduce traffic congestion and commuting time, ultimately improving the health and wellbeing of residents.

He further explained that each corridor features a bus rapid transit (BRT) system and waterway routes, designed to take commuters off the major roads and alleviate traffic.

“Two of the stations that were built on the same line are also connected with water, rail and BRT altogether,” he said.

  • ‘THERE WOULD BE NO BACKLASHES, DISPLACED PERSONS WOULD BE COMPENSATED’

Sanwo-Olu assured investors that the state is committed to ensuring there would be no disruptions or backlash from displaced communities.

“The government would even pay compensations to displaced persons where necessary, so no additional burden is brought to would-be funders,” he added.

“We don’t want to lock in anything, we know all the various options. We understand how some of these things work.”

“We’re willing and ready to make those transactions work. We’ve seen from our experience how to guarantee revenue assurance.”

“We have a payment system under the cowry card, which is where we’d block leakages to a large extent, and the same contactless card can be used on our bus, train, and ferry, where it will all be integrated.”

“On a daily basis, they know what the traffic is and what is due to everybody. Whatever, based on the study or the ridership guarantee, we would look at it.”

Sanwo-Olu added that the state government would need “to either top up on other forms of revenue that can help out in terms of advertising rides on the corridor.”

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