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ECOWAS urges member states to champion investment promotion

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The Economic Community of West African States (ECOWAS) has called on member states to champion the cause of promoting investment in order to engender sustainable development in the sub-region.

ECOWAS Ag. Director, Private Sector Investment, Anthony Elumelu, gave the charge during a meeting of the technical committee of the Association of Investment Promotion Agencies of West African States (IPAWAS) on Thursday in Abuja.

Elumelu said that the event aimed at availing all member states the opportunity to shape IPAWAS’ form and structure as the regional platform for cooperation in investment promotion and facilitation.

He noted that continuous support and collaboration with the ECOWAS Commission by member states would enable investors to accept the subregion as the most favoured destination for investment drive.

“As we gather here in Abuja, we embark on a momentous journey that will shape the future of investment promotion and economic development in our region.

“IPAWAS represents a significant milestone, bringing together IPAs from across West Africa to foster collaboration, share best practices and drive investment growth.

“We believe that by fostering cooperation in pursuit of that mandate, there would be synergies to achieve experience sharing, peer reviews, and collaboration through scale economies,” he said.

Elumelu urged the participants to deliberate on the draft statute that would govern IPAWAS, shape the framework for cooperation, define their roles, and set the stage for impactful collaboration.

According to him, at the end of the event, all member states will own the statute as the framework for IPA cooperation and collaboration for promoting cross-border investment within the ECOWAS space.

“Within this framework, we can also speak with one voice in our participation and membership of the Pan-African Investment Agency created by Article 42 of the African Continental Free Trade Area (AfCTA) Investment Pool.

“The ECOWAS Common Investment Market (ECIM) and AfCTA provide us with unprecedented opportunities.

“By aligning our efforts, streamlining regulations, and promoting cross-border investments, we can unlock the full potential of our region,” he said.

Elumelu stressed that it was only through such collaborative efforts that a stronger and more resilient West Africa, which attracts investors, creates jobs, and drives sustainable development, could be built.

“I, therefore, encourage each IPA representative to actively participate, contribute your expertise and champion the cause of investment promotion,” Elumelu added.

(NAN)

Africa

Escalating Jihadist Retaliation Claims Over 120 Lives in Burkina Faso

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Escalating Jihadist Retaliation Claims Over 120 Lives in Burkina Faso

Escalating Jihadist Retaliation Claims Over 120 Lives in Burkina Faso

Human Rights Watch (HRW) revealed on Wednesday that jihadist groups in Burkina Faso have intensified attacks on civilians, particularly targeting those accused of collaborating with government forces or refusing to join their ranks.

The conflict, fueled by insurgents linked to al-Qaeda and ISIS, has plagued the West African nation for nearly a decade, spilling over from neighbouring Mali.

Under military leader Ibrahim Traore, Burkina Faso has recruited thousands of civilian volunteers, known as VDPs, to assist in the fight. However, this move has provoked increasingly violent reprisals from jihadist factions, leading to tragic consequences for local communities.

HRW documented seven attacks between February and June, resulting in the deaths of at least 128 civilians.

These assaults, including a massacre in a Catholic church and strikes on displaced persons camps, were attributed to al-Qaeda affiliate Jama’a Nusrat ul-Islam wa al-Muslimin (JNIM) and ISIS-linked Islamic State in the Greater Sahara (ISGS).

Witnesses claimed some attacks were motivated by civilians’ involvement with government forces.

“We are between a rock and a hard place,” a 56-year-old villager lamented, describing the dire situation faced by many.

HRW’s report also highlighted that some villagers were killed after being forced by authorities to return to areas previously overtaken by jihadists.

In response, Burkina Faso’s justice minister dismissed HRW’s claims of slow prosecutions, asserting that human rights violations by insurgents are being investigated.

The junta, which came to power following a coup in 2022, faces growing criticism for its handling of the crisis, with analysts noting a further deterioration in security under Traore’s leadership.

Despite Traore’s promises to restore stability, the conflict shows no signs of abating, with HRW citing the recent massacre in Barsalogho, where hundreds were killed, as one of the deadliest incidents in the country’s history.

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Tunisian court jails opposition leader, bans him from presidential elections

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A Tunisian court sentenced opposition party leader Lotfi Mraihi, a potential presidential election candidate, to eight months in prison on a charge of vote buying, his lawyer said on Friday.

The court also banned Mraihi, leader of the Republican Union Party and one of the most prominent critics of President Kais Saied, from running in presidential elections for life, his lawyer Omar Ismail said.

Mraihi will appeal the sentence, Ismail added.

Opposition parties, many of whose leaders are in prison, have accused Saied’s government of exerting pressure on the judiciary to crack down on his rivals in the 2024 elections and pave the way for him to win a second term.

Elected president in 2019, Saied has not officially announced his candidacy for the vote expected to be held on Oct. 6.

Still, it is widely anticipated that he will seek a second term.

He said last year he would not hand power to what he called non-patriots.

The opposition says fair and credible elections cannot be held unless imprisoned politicians are released and the media can do its job without pressure from the government.

In 2021, Saied dissolved parliament and began ruling by decree in a move the opposition have described as a coup.

Saied said his steps were legal and necessary to end years of rampant corruption among the political elite.

(Reuters/NAN)

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Nigerian, South African Defence Chiefs Unite Against Continental Security Challenges

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Nigerian, South African Defence Chiefs Unite Against Continental Security Challenges

Nigerian, South African Defence Chiefs Unite Against Continental Security Challenges

The Chief of Defence Staff (CDS), Gen. Christopher Musa, has called for stronger ties between the Armed Forces of Nigeria and the South African National Defence Force (SANDF) to tackle the complex security issues facing Africa.

Gen. Musa made this appeal during an official visit to his South African counterpart, Gen. Rudzani Maphwanya, in Pretoria, South Africa. The call for enhanced cooperation was highlighted in a statement released by Brig.-Gen. Tukur Gusau, Acting Director of Defence Information, on Tuesday in Abuja.

“The meeting is a panacea to addressing the multifaceted challenges bedevilling the continent,” Gen. Musa emphasized. He underscored the importance of mutual cooperation and strengthening bilateral ties to combat regional security threats.

During their closed-door meeting, both leaders discussed various strategies to address these challenges, focusing on the exchange of expertise and forging stronger ties for the betterment of the continent.

Gen. Musa was honoured with Cannon Gun Salutes, a mark of high regard, during his visit. Brig.-Gen. Gusau noted the significance of the meeting between the two largest economies and military powers in Africa.

The meeting also saw the presence of SANDF Chiefs of Intelligence, Policy and Plans, International Affairs, and Joint Operations, among other departmental chiefs, highlighting the comprehensive nature of the discussions aimed at enhancing regional security cooperation.

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