Headline

EU Unveils €150bn Investment Plan For Africa

Published

3 years ago

February 10, 2022

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EU chief Ursula von der Leyen on Thursday unveiled plans to muster investment of more than 150 billion euros for Africa, proclaiming Europe to be the continent’s biggest and “most reliable” partner.

The scheme is the first regional plan of the European Union’s Global Gateway — an investment blueprint that seeks to mobilise up to 300 billion euros ($340 billion) for public and private infrastructure around the world by 2027.

Seen as a response to China’s Belt and Road initiative, the strategy will use funding from EU institutions and member countries to leverage private-sector investment.

The EU has set a target date of 2030 for the African funds under the plan, according to a document from the European Commission.

The money will go towards renewable energy, reducing the risk of natural disasters, internet access, transport, vaccine production and education in Africa, the document said.

Speaking at a press conference in the Senegalese capital Dakar, von der Leyen told reporters she was “proud” to announce plans for Africa, where the aim was to amass at least 150 billion euros in investment.

She did not offer details about how the funds would be raised or spent.

The EU’s website says money under the Global Gateway will be earmarked for “smart, lean and secure links” in communications and transport and for boosting health, education and research.

Von der Leyen, who is president of the powerful executive European Commission, arrived on Wednesday to prepare for a summit between the EU and the African Union on February 17-18.

“At the summit, investments will be at the heart of the discussions because they are the means of our shared ambition,” von der Leyen said.

“In this area Europe is the most reliable partner for Africa and by far the most important,” she added.

Global Gateway is rooted in “the values to which Europe and Africa are committed, such as transparency, sustainability, good governance and concern for the well-being of the people,” von der Leyen said.

Speaking to AFP before arriving in Senegal, von der Leyen warned that foreign investment in Africa too often came with “hidden costs” attached.

Critics often accuse other large investors in Africa, such as China or Russia, as being less stringent on environmental protection or human rights.

China in particular is accused of luring African countries into debt traps, offering huge unaffordable loans. Beijing disputes the charge, arguing that its loans are designed to alleviate poverty.

For his part, Senegalese President Macky Sall told reporters on Thursday that he expected the EU-AU summit to produce a “renewed, modernised and more action-oriented partnership.”

“Europe and Africa have an interest in working together”, he said, referencing the geographical proximity of the two continents and common security concerns, among other things.

Sall added that he was committed fighting global warming, but stressed the need to finance natural-gas projects in order to boost industry and provide greater access to electricity.

He has opposed plans announced by a small group of countries at last year’s COP26 climate summit, including the US and France, to end financing for overseas unabated fossil fuels — those without associated carbon capture technology — by the end of 2022.

The final declaration at COP26 also said countries would “accelerate efforts towards phase-out of unabated coal power and inefficient fossil fuel subsidies.”

Senegal, a poor nation of 17 million people, has high hopes for gas fields off its Atlantic coast.

The government has said it plans to start production by late next year or in 2024.

AFP

Headline

26-year-old Nigerian Fatally Stabbed In London

Published

4 hours ago

August 5, 2025

Editor

Two individuals have been charged in connection with the fatal stabbing of a 26-year-old Nigerian, Ayowale Aladejana, in New Cross, southeast London.

The Metropolitan Police reports that detectives investigating the fatal stabbing of Ayowale charged a man and woman with murder.

“Ben Wazabanga, 23 (24.10.2001) of Fairfax Road, Bedford was charged with murder and possession of a knife on Monday, 4 August. He was remanded in custody and will appear at Croydon Magistrates’ Court on Monday, 4 August.

“Ronique Belfon, 23 (10.05.2002) of Morinsbury Road, Bedford was charged with murder on Monday, 4 August. She was remanded to appear at Westminster Magistrates’ Court on Monday, 4 August,” the report read.

Speaking on the incident, Detective Chief Inspector Lucie Card, who is leading the investigation, was quoted as saying, “Our thoughts are with Ayowale’s family and friends at this difficult time.

“I understand this incident will be concerning and we are carrying out a fast-paced and thorough investigation to establish the circumstances. I would encourage anyone who has not yet spoken to us.”

The investigation was reportedly launched after officers were called to reports of a man with stab wounds at a residential address in Monson Road, New Cross, at 19:26hrs on Saturday, August 2.

The officers were said to have responded alongside the London Ambulance Service and medics from London’s Air Ambulance, however, Ayowale died at the scene despite efforts to save him.

The report added that a post-mortem examination conducted on Sunday gave a preliminary cause of death as stab wound to the chest.

Ayowale’s family are also reportedly being supported by specially trained officers.

Headline

Trump Threatens 250% Tariffs On Foreign Pharmaceuticals

Published

5 hours ago

August 5, 2025

Editor

US President Donald Trump said Tuesday that upcoming tariffs on imported pharmaceuticals could reach 250 percent, after starting at a lower level, while adding he plans to also unveil fresh duties on foreign semiconductors.

“We’ll be putting (an) initially small tariff on pharmaceuticals, but in one year, one-and-a-half years, maximum, it’s going to go to 150 percent,” Trump said in an interview on CNBC.

“And then it’s going to go to 250 percent because we want pharmaceuticals made in our country,” he added.

In the same interview, Trump said he expects to raise the US tariff on Indian imports “very substantially over the next 24 hours” due to the country’s purchases of Russian oil.

While Trump has aimed at products from different countries with varying tariff rates after imposing a 10-percent levy on almost all trading partners in April, these have excluded certain products he planned to target separately.

These sector-specific tariffs have generally come after government investigations that look into the national security concerns surrounding certain imports.

After earlier embarking on probes on imported semiconductors and pharmaceuticals, the Trump administration has signaled plans to wrap up these studies, which could lead to new tariffs.

Already, Trump has slapped steep tariffs of 50 percent on imported steel and aluminum, and also rolled out a separate but lower duty on autos and parts.

AFP

Headline

UK Opens Application For Chevening Scholarships

Published

9 hours ago

August 5, 2025

Editor

The United Kingdom on Tuesday announced that applications for its Chevening Scholarships are officially open, with prospective scholars encouraged to apply between August 5 and October 7, 2025.

The Chevening programme offers fully funded one-year master’s degrees at UK universities to individuals with demonstrated leadership potential and a strong commitment to driving positive change in their home countries and globally.

In a statement released by the British High Commission in Abuja, the Head of the Scholarships Unit at the UK Foreign, Commonwealth and Development Office, Emma Hennessey, described the programme as highly competitive, selecting only the most outstanding candidates from across the world.

“Chevening’s highly competitive selection process ensures that those chosen to become Chevening Scholars or Fellows represent the brightest and most driven individuals from around the world.

“Chevening Alumni use their world-class education, global networks, and confidence gained in the UK to create meaningful, lasting change when they return home, whether by tackling global challenges or making a tangible impact in their own communities.

“If you can clearly demonstrate the skills needed to join them — outstanding leadership, influence, and networking skills — I strongly encourage you to apply.

“If you’re not quite there yet, I encourage you to take the time to build the experience that will make your application competitive,” Hennessey noted.

According to the statement, the British High Commissioner to Nigeria, Richard Montgomery, urged Nigerians with leadership potential to take advantage of the opportunity.

“Chevening is more than a scholarship — it is a gateway to a global network of leaders, innovators, and changemakers,” he said.

“Whether your aspirations lie in shaping public policy, launching a business, or addressing the world’s most pressing challenges, the Chevening Scholarship offers a unique opportunity to pursue a fully funded master’s degree in the United Kingdom to advance your knowledge and skills.

“While there is no ‘typical’ scholar, we seek individuals with the passion, ideas, and influence to drive meaningful change in Nigeria and beyond.

“Our alumni network includes dynamic professionals across diverse sectors who are making significant contributions in their fields.

“If you have the potential to lead positive change in your community, Nigeria, or globally, I encourage you to submit your application before the 7 October 2025 deadline.

“Apply today and take the first step toward this life-changing experience,” he said.

Applications must be submitted online via chevening.org/apply.

Interested applicants are also encouraged to review available guidance at chevening.org/guidance to determine their readiness for the competitive application process.

Since its launch in 1983, the Chevening programme has supported over 60,000 professionals from over 160 countries and territories.

The scholarship is funded by the UK Foreign, Commonwealth and Development Office and partner organisations.