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AfDB Launches e-Consultation on its New Governance Strategy

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Donald Kaberuka, AfDB President
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The African Development Bank (AfDB) has launched a Web consultation on its new Governance Strategy for 2014-2018 aimed at receiving feedback from all its stakeholders on their expectations on the Bank’s future governance interventions.

“The vision of AfDB is that Africa is governed by transparent, accountable and responsive governments with strong institutions that are capable of driving inclusive and sustainable growth,” said Lobe Ndoumbe, Governance and Financial management director, at the launch of the web consultation.

AfDB’s new governance strategy is based on the AfDB Group’s Strategy for 2013-2022 in which governance and accountability are among the core operational priorities, to be mainstreamed across the Bank.

Through its web consultation, AfDB seeks to inform all stakeholders on its proposed governance strategic directions for 2014-2018 and to receive feedback on their expectations on its future governance interventions.

“We welcome feedback on whether our “Governance Strategic Direction and Action Plan for 2014-2018” (GAP II) identifies the key governance challenges confronting Africa and whether the three proposed strategic pillars and associated operational activities will be adequate to address them”, said Patricia Laverley, GAP II task manager.

Moreover, the AfDB Group encourages stakeholders to suggest ways in which GAP II can better complement and reinforce the governance work of other development partners in Africa and how they can work together to leverage additional resources for the continent’s development.

AfDB’s “Governance Strategic Direction and Action Plan 2014-2018” (GAP II) is built on three objectives. It seeks to strengthen governments’ capacity for transparent and accountable use of public resources and citizens’ ability to hold governments to account.

 It also seeks to improve outcomes in the sectors and citizen’s ability to monitor them. It also aims at promoting a business enabling environment which supports Africa’s socio-economic transformation, job creation and financial inclusion. The fight against corruption in both the public and private sectors will prevail in all its operations.

Going forward, AfDB’s governance work will build on the achievements of its first “Governance Strategic Direction and Action Plan (GAP I)” for 2008-2012.

GAP II will deepen AfDB’s support to public financial management and business environment. It will also increase its support to the governance of key sectors such as natural resource management and infrastructure.

Moreover, during 2014-2018, GAP II will deepen AfDB’s diagnostic works to improve programming and policy dialogue for greater impact and delivery of results.

The “Governance Strategic Direction and Action Plan 2008-2012” (GAP I) provided the overall direction for the AfDB’s governance work in African countries. The core areas of focus were on public financial management and business environment, implemented at country, sector and regional levels.

In countries where AfDB Group provided support, most governance indicators showed improvements.

According to the “Development Effectiveness Review on Governance”, published in 2012, across the 14 countries where the African Development Bank has invested in revenue systems, tax revenue has risen dramatically, from 10.5% to 14.7% of GDP, while tax rates for business have declined, from 94% of commercial profits to 54%.

The results flagged in the “Development Effectiveness Review on Governance” also suggest major improvements in the business environment as a result of the Bank’s assistance.

Across the 18 countries where the Bank is providing this support, the time required to start a business reduced from 43 days in 2005 to only 23 days in 2011.

The time devoted by business to the payment of taxes reduced by 10% to 254 hours per year, while the average time required enforcing a contract fell by 50 days.

These business friendly measures are part of the reason why net foreign direct investment has increased substantially from 4% to 6% of GDP across these countries; although a buoyant natural resource sector has also contributed.

 


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NOA Warns of Fake N1000 Notes in Circulation, How to Identify Them

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National Orientation Agency (NOA) in Kwara has cautioned the public on fake N1000 notes circulating in the state.

NOA Warns of Fake N1000 Notes in Circulation, How to Identify Them

Alhaji Abdulganiyu Dare, state director of NOA, disclosed this in a statement issued in Ilorin.

Dare emphasised the need for vigilance among residents and business owners in the state.

According to him, there is confirmed intelligence reports of syndicates flooding the area with counterfeit currency with batch numbers 364232 and 898248.

Dare said the counterfeit notes can be identified by their blurred portraits, watermarks, and irregular security features.

He urged the public to be cautious when handling large sums of money.

“The syndicates behind this crime exploit peak commercial hours in major local markets to carry out transactions with counterfeit notes.

“They target unsuspecting POS operators and merchants by defrauding them of their hard-earned money.

“NOA Kwara Directorate is committed to sensitising the public on the dangers of fake currency and the importance of verifying the authenticity of banknotes.

“The agency is working tirelessly to ensure that residents of Kwara are protected from financial scams,” he said.

While describing the crime as unpatriotic and capable of distorting the Nigerian economy, Dare said NOA would work closely with security agencies to bring the culprits to book.

The director advised residents to report any suspicious transactions or individuals to the authorities immediately.

“Together, we can build a safer and more secure financial environment for all residents of Kwara.

“By working together, the NOA and the public can prevent the circulation of fake currency and protect the financial interests of Kwara residents,” he said.


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NCC, IHS Towers Lead Others To NITRA-ALTON CNII & Telecom Sustainability Conference 2025

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Telecom industry regulator, the Nigerian Communications Commission (NCC) and other industry operators, including IHS Towers, Digital Realty and 9mobile Nigeria, have joined the line of partners that will chart the way forward as stakeholders gather for the Maiden Edition of the CNII & Telecom Sustainability Conference 2025 being organized as a collaboration between media body, the Nigeria Information Technology Association (NITRA) and Industry advocacy group, the Association of Licenced Telecom Operators of Nigeria (ALTON).

Scheduled for August 7, 2025 in Lagos, the event, which is expected to host the Minister of Communication, Innovation and Digital Economy, Dr. Bosun Tijani, will also bring stakeholders from Nigeria Security and Civil Defence Corps (NSCDC) and the Peace Corps Nigeria, to discuss the security of infrastructure, stakeholders’ roles, and the practical implementation of the Critical National Information Infrastructure (CNII) Presidential Order.

Headlining the event, with its theme as “Telecoms Industry Sustainability and the CNII Act – Way Forward”, IHS Towers will throw light on the state of infrastructure in the country, while the Panel Session will discuss the “Role expectations of stakeholders in the implementation of the CNII Act”

Keynote speeches will come from the NCC EVC, Dr. Aminu Maida and the President of the Association of Telecommunication Companies of Nigeria (ATCON).

The Nigerian Designation and Protection of Critical National Information Infrastructure (CNII) Order, 2024, aims to safeguard critical infrastructure like telecommunications networks, financial systems, and power grids by designating them as CNII and outlining measures for their protection. This order, signed in June 2024, is an extension of the Cybercrimes Act of 2015 and seeks to reduce disruptions to these vital systems.

Some of the questions stakeholders will give answers to at the Panel Discussion include:

  • How do we ensure that this Order is implemented to the letter?
  • What are the roles of each stakeholder in the industry – Federal, States, Operators, Consumers, and other actors?
  • Are telecom companies keying into the CNII provisions, and how?
  • Are there areas worth looking into once more, or is the Order perfect as it is?
  • What is the role of regulators in ensuring public compliance to the Bill?
  • How do we ensure security?
  • What is the place of collaboration?
  • Publicity: how much of the CNII provisions are the public aware of?
  • How can we sustain the growth and development of telecommunications in Nigeria?

According to the General Secretary of NITRA, Mr. Chidiebere Nwankwo, this industry collaborative event will afford stakeholders in the public and private sectors the opportunity to sit back together and review how well the CNII Order has thus far been implemented, and to re-strategise, if need be, on the way forward.

“This event is key because it will bring Stakeholders to the CNII plan to a roundtable to re-evaluate the decision, make amends and continue the journey. This has to be a periodic gathering to make the goals of this order achievable,” he said.

ALTON is the official private sector industry body for all providers of telecommunications and subsidiary services in Nigeria.

The Chairman of ALTON, Engr. Gbenga Adebayo and the Chairman of NITRA, Mr. Chike Onwuegbuchi will be on hand to welcome industry stakeholders.


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Fearless Freedom Launches to Tackle Inequality and Champion Global Economic Inclusion

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Fearless Freedom, a bold new global advocacy initiative focused on ending economic inequality and expanding economic opportunity, officially launches today, 2nd August, 2025.

Backed by the founder of Fearless Fund,  the first venture capital fund in the U.S. built by women of color for women of color,  this new chapter builds on a legacy of breaking barriers and driving inclusive progress.

The launch of Fearless Freedom comes nearly one year after the dismissal of a federal lawsuit that challenged the organization’s efforts to empower underrepresented communities. The case, which drew national attention, was filed on August 2, 2023, and dismissed permanently on September 11, 2024.

Fearless Freedom is not just an advocacy; it is a global movement for visibility, justice, and financial equity. Through storytelling, policy conversations, and creative programming, Fearless Freedom is reclaiming space, spotlighting the real challenges, and championing the people building powerful solutions.

“Fearless Freedom is our global declaration, a refusal to be silenced, erased, or sidelined,“ said HM Queen Wa Arian Simone, CEO of Fearless Fund. “We’re not just funding change anymore, we’re amplifying the voices that have always driven it. This initiative is about power, presence, and rewriting the rules of who gets seen, supported, and heard.”

“August 2nd was once about legal resistance. From now on, it marks something else: a day of fearless expression and global visibility,” she added.

As a global advocacy initiative, Fearless Freedom will spark meaningful dialogue around economic inclusion, inviting communities to reflect, learn, and speak out against financial inequality, all through creative expression and powerful storytelling.


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