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Experts Call for Better Policies to Promote Income Distribution in Africa

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Economists have called for better policies to promote income distribution in Africa at the ongoing the 10th edition of the African Economic Conference, titled Addressing Poverty and Inequality in the Post-2015 Development Agenda, taking place in Kinshasa, Democratic Republic of Congo.

While Africa as a whole has made considerable progress on poverty reduction since the mid-1990s due to rapid economic growth, it has yet to have a significant impact on income distribution.

Since mid-2000, Africa’s GDP growth has been high, averaging five per cent, and well above the global average of three per cent per year, instilling optimism about the continent’s economic prospects. However, the growth has not been inclusive or equitable, and has made little impact on poverty.

Yet growth without redistribution cannot eliminate poverty or bolster sustainable development.

However, better social policies can enhance income growth and income distribution including improving the complementarity between physical capital and education especially at the basic educational level.

For instance, this would entail a focus on vocational training in the last three years of basic education.

In addition, there is need for policymakers in Africa to put greater emphasis on addressing income inequality, empowering women, narrowing down the gaps in health, nutrition and education, and challenging prejudices and stereotypes which feed discrimination and marginalization.

According to a paper titled “Growth and Poverty Reduction in Africa: The Context and Evidence” presented during a plenary session on Monday titled “The Poverty, Inequality and Growth Nexus in Africa”, over 70 per cent of the 39 African countries in the sample analyzed have reduced their poverty levels since about the late 1990s, and income growth has been the main driver of this progress.

Yet, there are considerable disparities across African countries, with certain countries, albeit a relatively small number, relying primarily on improving income distribution to reduce poverty.

However, worsening income distribution was the major culprit in the majority of countries experiencing poverty exacerbation.

More so, there is also further complication that per capita Gross Domestic Product (GDP) may understate income in certain countries, but overstate it in others.

In addition, social protection programs that insure against downside risks of economic undertakings would help.

In his remarks during the session, Steve Kayizzi-Mugerwa, acting vice-president and chief economist of AfDB, underscored the need to take in account the political economy to effectively address income inequalities.

“Public policy needs to take in account the role of local bureaucracy because they are affected by the same policies,” Kayizzi-Mugerwa said, pointing out that economic managers need to consult the local administrative structures in policy formulation to make it effective.

According to experts, small number of African countries is relying primarily on improving income distribution to reduce poverty. However, worsening income distribution is the major culprit in the majority of countries experiencing poverty exacerbation.


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UK Appoints Peter Vowles as British High Commissioner to Nigeria

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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.”


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Nigeria’s Apapa, Tin Can Ports Make Global Top 20 Improvement List

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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.

Nigeria’s Apapa, Tin Can Ports Make Global Top 20 Improvement List

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.


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PalmPay Joins Industry Leaders @ Digital Pay Expo 2026

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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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