News
AfDB Scouts for Viable Energy Models for Power-Starved Africa

A major preoccupation of the just-concluded visit to Asia by an African Development Bank team led by its President, Akinwumi Adesina, was the search for an efficient energy system that can be easily adapted in some of the most energy-starved African countries.
Energy is at the top of the Bank’s High 5 priorities – Light up and power Africa, Feed Africa, Industrialise Africa, Integrate Africa and Improve the quality of life for Africans. It seeks to tackle one of the most daunting challenges to the continent’s development – energy poverty among its 640 million people. More than half of the continent’s population do not have access to electricity.
To reverse this situation, the Bank unveiled its New Deal on Energy for Africa, and launched a Transformative Partnership on Energy at the World Economic Forum in Davos, Switzerland, in January 2016.
In this regard, the Bank has since begun to identify reliable partners and businesses that can help to achieve universal access to electricity in Africa by 2025.
Two important entities visited during the Bank mission to Asia were the Isogo Power Station in Yokohama, Japan, and Seoul Thermal Power in Korea. Both plants are among the world’s best examples of the use of clean coal technology to produce electricity.
Isogo, for instance, demonstrates that it is possible to build a 600 MW coal-powered electricity plant over a 12-hectare piece of land in four years that can provide almost the same amount of power currently consumed in Nigeria. Such a development would be transformative in those parts of Africa that enjoy only the rare glow of an occasional lightbulb amidst a sea of darkness.
It also serves as a viable proposition for the use of omnipresent but despised coal that can enable poor nations to deliver affordable energy to millions of people with funding from multilateral development institutions that are averse to funding power generation from fossil fuels.
The Isogo thermal power station comprises two 600-MW plants upgraded in 2002 and 2009, respectively, replacing their predecessors built in the 1960s, and doubling power generation and efficiency.
The plants were built by J-POWER, a wholesale power generator and wire company established by the Japanese government in 1952 and privatized in 2004. Owned by Electric Power Development Co., Ltd. (EPDC), J-POWER and distributes wholesale energy from principally hydroelectric and fossil-fueled plants to 10 utilities located across Japan.
Its attractiveness for some African countries derives from the “build, scrap, build” approach, which makes it possible to replace existing plants without disruption of electricity provision; effective territorial space management and efficient delivery of clean energy.
According to J-POWER officials, inside space-saving tower-type boilers, the compact plant burns pulverized coal to heat water flowing through thousands of narrow pipes, which channel the steam to turbines.
In the more advanced Unit 2, this generates a main steam pressure of 25 mega pascals at a temperature of 600 °C, after which the steam is then recycled and reheated to 620 °C. (The steam in Unit 1 runs at 600 °C and is recycled and reheated to 610 °C.)
This high-temperature, high-pressure process is called ultra-supercritical (USC) steam generation.
The critical point is the temperature and pressure at which water and steam become indistinguishable, and USC steam is well past this point. The higher temperature and pressure make the plant’s operation more efficient at converting heat to electricity.
Thus the plant can achieve a gross thermal efficiency as high as 45%, resulting in 17% reduction in carbon dioxide.
For their part, the Korean Electric Power Corporation (KEPCO) and Korea Midland Power Corporation pride themselves on state-of-the-art power generation and distribution technologies at home and abroad.
For instance, KEPCO’s 1.5% and 2.03% transmission and distribution loss rates, respectively, and 10.26 minutes per year household blackout rate would be a welcome change for those energy impoverished regions in Africa.
News
UK Appoints Peter Vowles as British High Commissioner to Nigeria

The UK Government has announced the appointment of Mr Peter Vowles as the next British High Commissioner to the Federal Republic of Nigeria.

Mr Vowles succeeds Dr Richard Montgomery CMG and is expected to take up his post in Abuja in September 2026. Dr Montgomery remains in post until that time.
Mr Vowles brings extensive diplomatic and development experience to the role, having served as His Majesty’s Ambassador to Zimbabwe from 2023 to 2026 and previously as Ambassador to Myanmar from 2021 to 2022.
He has held senior leadership positions across the FCDO and its predecessor department DFID, including as Transformation Director and Director for Asia, Caribbean and Overseas Territories.
Earlier in his career, Mr Vowles worked in international development across South Asia, Central Africa and East Africa, including postings in Bangladesh, India, the Democratic Republic of Congo and Kenya. He began his career in Zimbabwe, where he worked in education and development.
Peter Vowles said: “I am honoured to be appointed as British High Commissioner to Nigeria. Nigeria is a country of immense importance to the United Kingdom, and I look forward to working closely with Nigerian partners to strengthen our relationship across trade, development and security.”
News
Nigeria’s Apapa, Tin Can Ports Make Global Top 20 Improvement List

World Bank has ranked the Apapa and Tin Can Island Port complexes in Lagos among the world’s 20 most improved ports in its 2025 Container Port Performance Index (CPPI), released in June 2026.

The ranking places both ports in the “Top 20 Port Improvement Since 2020” category, reflecting significant gains in operational efficiency and vessel turnaround time.
The CPPI is a global benchmark used to assess the efficiency of container ports based on factors such as cargo handling speed, ship turnaround time and overall logistics performance.
According to the report, the improvement highlights ongoing reforms and modernization efforts within Nigeria’s maritime sector.
The Managing Director of the Nigerian Ports Authority (NPA), Mr Abubakar Dantsoho, attributed the recognition to ongoing policy reforms and infrastructure upgrades in the sector.
He said the development reflects the impact of economic policies of President Bola Tinubu and the support of the Minister of Marine and Blue Economy, Mr Adegboyega Oyetola.
“With the investor-friendly policies of President Bola Ahmed Tinubu providing the impetus for increased investment to drive our port infrastructure and equipment modernisation programme, coupled with the unflinching support of the Honourable Minister of Marine and Blue Economy, Adegboyega Oyetola, we have all it takes to further enhance trade facilitation, improve competitiveness and boost the national economy,” he said.
The NPA said the recognition is expected to strengthen investor confidence in Nigeria’s maritime sector and enhance the country’s position as a regional trade and logistics hub.
It noted that improvements in port operations are already contributing to increased efficiency in cargo movement and reduced delays at key terminals.
The authority also pointed to ongoing efforts to modernise port infrastructure and expand digital systems aimed at improving service delivery.
Earlier in February 2026, the NPA said the federal government had intensified efforts to position Nigeria as a leading maritime destination through port rehabilitation and modernization projects.
It also highlighted public-private partnership initiatives, including developments at the Lekki Deep Sea Port, as part of broader reforms aimed at improving efficiency and attracting investment.
The CPPI ranking is expected to further boost Nigeria’s maritime profile and encourage additional investment in the sector.
News
PalmPay Joins Industry Leaders @ Digital Pay Expo 2026

As digital payment adoption continues to grow across Nigeria and emerging markets, the next phase will depend not just on innovation, but on the strength, reliability, and trustworthiness of the infrastructure behind it.

While the ecosystem has made clear progress in recent years, trust remains a critical issue for users, businesses, and operators alike. Questions around resilience, security, interoperability and transaction reliability continue to shape how the market evolves and how confidently digital payments can scale.
These issues will be central to the deliberations at Digital Pay Expo 2026, where fintech leaders, payment operators, and other ecosystem stakeholders will gather under the theme, “Seamless Digital: Fostering Pan-African Market Expansion in the Era of AI.”
PalmPay’s participation reflects its continued commitment to building trusted and scalable payment infrastructure, while contributing to the broader industry efforts to strengthen systems, standards, and partnerships needed to support long-term ecosystem growth.
Speaking ahead of the event, Olorunfemi Hanson, Head of Marketing and Communications at PalmPay Nigeria, said: “As the financial services ecosystem continues to grow, trust and reliability become even more important.
“The industry’s next phase will be shaped not only by innovation, but by the strength of the infrastructure supporting it. Digital Pay Expo provides an important platform to address the resilience, interoperability, and trust issues that will shape the future of digital payments growth across Africa.”
The event, scheduled to be held from the 17th to the 18th of June, 2026, will feature Chika Nwosu, Managing Director of PalmPay Nigeria, alongside other distinguished guests, including the Director-General, Payment System Management Department (PSMD), Central Bank of Nigeria. The event will examine how the industry can balance innovation, regulation, and scalability while strengthening trust across the digital payments value chain.
For PalmPay, this event reinforces its role in supporting a more resilient, secure and scalable payments ecosystem for Nigeria and emerging markets more broadly.
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