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Articles by Baobab Africa
You cannot change culture without changing how the business works
By Trudie Keys, Executive Associate at Change Logic Organisations talk about culture constantly, yet it can still be hard to pin down. We measure it through employee surveys, engagement scores and experience data. We compare teams, track whether scores are moving up or down and look at external benchmarks to understand how we compare with other organisations. I have learned not to treat culture scores as hard evidence but as indicators.
IFAD, Benin sign US$37.1m deal to turn rural youth into climate-resilient agripreneurs
The International Fund for Agricultural Development (IFAD) and the Government of the Republic of Benin have signed a US$37.1 million financing agreement for the Professional Integration and Agricultural Entrepreneurship Support Project (ProPEA), an eight-year initiative designed to equip rural young people with technical skills, expand decent job opportunities, and build resilient agricultural businesses.
Beyond Survival: Severe malaria’s long-term toll on Ugandan children and families
When nine-year-old James Ssemambo contracted severe malaria in Kitosi village, Koome Sub County, Mukono district, the illness affected far more than his physical health. His mother, Sarah Nankya, spent three days at a health centre with him, leaving work and her other children while the family absorbed additional costs for transport, treatment, and food. Even after James returned home, recovery took time. “My child missed school for over a week because of the illness.
The arrival window: Why air travel can make or break a MICE event
For event planners, getting attendees to the destination is not simply a line item to address once the venue and programme are confirmed. It can determine whether the event starts on time at all. Travel and event costs remain under pressure.
First, Do No Harm: How the IMF and World Bank Can Help Africa Finance Itself
An open letter to IMF Managing Director Kristalina Georgieva and World Bank President Ajay Banga By Aboubakr Kaira Barry, CFA, Managing Director of Results Associates and Chair of the Omou Financial Literacy Center, Bethesda, Maryland, United States Dear Managing Director Georgieva and President Banga, The surest way for the Bretton Woods institutions to help Africa is to help it build domestic bond markets that can finance its development from within.
Prebendal politics and Nigeria’s vanishing vanguard (1)
By Abiodun KOMOLAFE We must, at this critical juncture in Nigeria’s affairs, look back to examine what was a more focused and visionary leadership and ask what standard we deserted. The nation currently faces a fundamental challenge in defining true leadership and understanding how strong institutions can propel a country forward. The underachievement of the Nigerian nation is disconcerting.
Foreign investors held Just 4.89% of Nigerian stock trading in August before FTSE frontier shift
EBC Financial Group says domestic investors drove over 95% of NGX trading as foreign money favored government debt; September and October reports may show whether foreign investors return.
AIT President calls for “Sovereign Triple-L” mindset as AI reshapes the future of work and learning
Professor Clement K. Dzidonu says graduation must mark the beginning of lifelong learning, not the end, as AI and rapid technological change redefine professional capability. The President of the Accra Institute of Technology (AIT), Professor Clement K.
The Fulani are not the only migrants into Nigeria
By Umar Ardo , Ph.D I am a Fulani man, and also a historian. So when I hear some latter day ethnic revisionists say the Fulani people are not indigenous Nigerians but immigrants I simply shake my head and laugh. Because as a historian, I know they are either ignorant or are deliberately biased to the truth.
Nigeria’s treasury-bill auction tests investor appetite after 350bps CBN rate reset
Nigeria’s first Treasury-bill auction following the Central Bank of Nigeria’s (CBN) 350-basis-point reduction in the Monetary Policy Rate (MPR) has shifted attention from the size of the rate cut to a more consequential question: can demand for naira-denominated assets remain strong as short-term yields decline?
Nigeria takes governing party reform agenda to APSCA 2026 as Yilwatda puts ‘Party as Platform’ at centre of Africa governance debate
Nigeria is set to bring the role of political parties in driving institutional reform, digital transformation and long-term development to the centre of a major African governance conversation as the country participates in the 7th Africa Public Sector Conference and Awards (APSCA 2026) in Accra, Ghana.
Niger State custody tragedy: 37 miners dead—Questions of accountability, justice, and reform
By Asheesla Arigu The death of 37 suspected illegal miners while in the custody of the Nigeria Security and Civil Defence Corps (NSCDC) in Niger State has raised serious questions about the treatment of detainees, accountability within security agencies and the protection of human life in Nigeria.
World Alzheimer’s Day 2026: SGU calls for greater dementia awareness and patient-centered care across Africa
As Africa’s populations age, St. George’s University School of Medicine highlights the urgent need for early recognition, caregiver support, and physician preparedness. As Africa’s populations age and healthcare systems face evolving demands, St. George’s University (SGU) School of Medicine in Grenada, West Indies, is calling for strengthened dementia awareness, early recognition, and patient-centered care across the continent.
Nigeria’s missed moments and the search for nationhood
By Abiodun KOMOLAFE A critical tactical blunder in Nigeria’s chequered political history is that the country never gave birth to a unified party of independents, similar to the Congress Party in India (1947), the Convention People’s Party in Ghana (1952), the Alliance Party in Malaysia (1957), or the African National Congress (ANC) in South Africa (1994).
Insurance emerges as critical to unlocking aircraft, engine financing in Africa — EIRS
Africa’s aviation sector is poised for significant expansion, but access to capital remains a major constraint for airlines seeking to grow their fleets. As aircraft demand rises, insurance could play a pivotal role in giving lenders the confidence needed to finance new acquisitions. African fleets currently average around 13 years of age, with most carriers growing through quality used aircraft and engines rather than factory orders.
The children we cannot afford to lose: Nigeria’s war on terror and banditry
By Mary K. Joseph Nigeria cannot afford to lose more children to the growing violence in the North-East and North-West regions. Because the cost is not only death but also displacement, fear, hunger and lost opportunities. Every child forced from home or school carries a burden that can last a lifetime. This is especially serious for these regions as they depend heavily on agriculture. Education is also critical to building the skills needed for the future.
IFAD and Bank of Kigali seal $12m deal to boost Rwanda’s agricultural finance
The International Fund for Agricultural Development, Bank of Kigali and Aceli Africa announced today that they are partnering to strengthen agricultural financing in Rwanda through a new financing agreement that will improve access to finance for farmers’ organizations and smallholder farmers, supporting increased productivity, resilience, and inclusive growth across the country’s agricultural sector This investment will support the Farmers’ Organizations Financing Programme – Rwanda...
ON DRIFTING: The only sin the devil refused to sell
By Tim Akano There is a sin that requires no accomplice, no malice, and no signature—a transgression so patient it convinces the condemned they are merely waiting for a better season. It never shouts. It never forces the door. It merely whispers, “not yet,” until that whisper swallows a man’s life, a corporation’s edge, or a nation’s history. This is the anatomy of that quiet execution. When Napoleon Hill famously bartered with the Devil in the theatre of his mind, every vice was priced to clear.
Osun: Long live Edenisation!
By Abiodun KOMOLAFE With the prospect of a Second Term – whether deserved or not – on the table, Governor Ademola Adeleke of Osun State now needs to do critical thinking about what his legacy should be. Barring an overturn of the results by the courts, he has another four years to redeem himself. That act of redemption should not be for himself alone, but for the people of Osun State.
Ethnic and religious tensions and their impact on national unity in Nigeria
By Asheesla Arigu Nigeria is a country known for its ethnic, religious and cultural diversity. With more than 250 ethnic groups and different religious beliefs, diversity has always been an important part of the Nigerian identity. Ideally, this diversity should be a source of strength, allowing people from different backgrounds to live together and contribute to the development of the country.
The value-chain imperative: Making CEPA work for Nigerian manufacturing
The UAE has opened its market to 7,315 Nigerian products. The tariffs on manufactured goods come off within five years. The agreement is built to reward countries that add value at home. The work now belongs to Nigeria. By Oti Egwu In January, in Abu Dhabi, Nigeria was handed something increasingly rare in international trade: a door opened wider than the one it opened in return.
Guns without borders: Why Nigeria must get serious about small arms control
By Onyilokwu David Adeyi The bandit camps hidden deep in the Rugu, Kuyanbana and Falgore forests of North-West Nigeria are not short of firepower. In the first half of 2025 alone, at least 2,266 people were killed by bandits and insurgents across the country more than the total recorded for the whole of 2024.
Dangote Refinery IPO could reshape Nigeria’s stock market, analysts warn
EBC Financial Group examines potential impact of USD 40 billion valuation on NGX and investor landscape. Group notes its reported valuation and USD5 billion fundraising target may raise questions of price justification, public access to shares and whether new capital will enter Nigeria’s equity market. Dangote Petroleum Refinery could become an unusually large part of Nigeria’s stock market if its eventual IPO valuation approaches the roughly USD 40 billion implied by a recent private placement.
No home, no harvest: Benue’s displaced farmers and the cost of insecurity
By Onyilokwu David Adeyi Benue State, once celebrated as Nigeria’s Food Basket, is now a shadow of its former self. For decades, its yam heaps, rice fields, and orange groves fed not only its people but markets in Lagos, Abuja, Port Harcourt, and across West Africa. Farming was more than an occupation here, it was identity, culture, and survival. Today, insecurity has torn that story apart. Farmers have fled, fields lie abandoned, and food prices rise for everyone. The numbers tell a grim tale.
African youth optimism hits post-pandemic high – But jobs and clean governance remain demands
Africa’s young people are more optimistic about the future of their countries, economies and the continent than at any point since the pandemic, but they are demanding jobs, cleaner government, safer communities, a stronger political voice and a model of democracy that reflects African realities, according to the 2026 African Youth Survey released this week.
Nigeria’s stock market outperforms global peers, yet foreign investors remain wary
EBC Financial Group says Nigeria has rebuilt confidence, but the question now is whether long-term investment, closer naira rates and deeper market trust support it. Market operator Nigerian Exchange Group PLC (NGX Group) reported that Nigeria’s stock market returned 67% in US dollar terms by 10 July, making it the best performer among the 92 stock exchanges worldwide. Yet equally large foreign buying may not echo the results.
Nigeria’s $51 billion reserve milestone spotlights risks of short-term capital volatility
What Does Nigeria’s USD51 Billion Reserve Milestone Mean If Most New Foreign Money Can Leave Quickly? EBC Financial Group says Nigeria has rebuilt confidence, but the question now is whether long-term investment, closer naira rates and deeper market trust support it. Nigeria’s foreign reserves have climbed to about USD51 billion, a decade-plus high, according to Central Bank of Nigeria (CBN).
Nigerians in South Africa: When diplomacy fails, what next?
By Oche Joshua Achede The relationship between Africa’s two largest economies has always been a complicated one. On paper, things look cordial between the Nigerian President Bola Ahmed Tinubu and South African President Cyril Ramaphosa exchange pleasantries, shake hands, and talk about bilateral cooperation. But scratch beneath the surface, and the dynamic between ordinary citizens tells a very different story.
Why the UAE is betting big on Nigeria when others hold back
By Oti Egwu There is a familiar rhythm to the way the world talks about investing in Nigeria. Enthusiasm arrives in waves, conference panels fill with promises, and then, at the first tremor of risk, the capital quietly retreats. More often, alliances that signal investments change course when currencies wobble, regional conflicts arise, or the global mood shifts. Nigeria, Africa’s largest economy by population, has grown used to being courted in good times and abandoned in uncertain ones.
The importance of girl-child education in Northern Nigeria: challenges and prospects
By Hapsatu Hamidu Mohammed The acclaimed Ghanaian scholar, Dr. James Emmanuel Kwegyir-Aggrey, famously stated that “when you educate a man, you educate an individual, but when you educate a woman, you educate a nation.” This underscores the transformative role of women’s education, as educated women contribute not only to personal development but also to the welfare of their families, communities, and the nation.
AIT’s ‘Sovereign Learner’ model takes spotlight as 586 students begin journey at Ghana’s top tech university
AIT Formally Admits 586 Students at 2026 Matriculation Ceremony The Accra Institute of Technology (AIT) has formally inducted 586 newly admitted students into its academic community at a colourful matriculation ceremony held on Saturday, June 13, 2026, at the university’s Knowledge City Campus, Kokomlemle, Accra.
Accra Institute of Technology welcomes 586 new students, champions ‘Sovereign Learner’ model at 2026 matriculation
AIT Formally Admits 586 Students at 2026 Matriculation Ceremony The Accra Institute of Technology (AIT) has formally inducted 586 newly admitted students into its academic community at a colourful matriculation ceremony held on Saturday, June 13, 2026, at the university’s Knowledge City Campus, Kokomlemle, Accra.
AIT’s ‘Sovereign Learner’ model takes spotlight as new students begin journey at Ghana’s top tech university
AIT formally admits new students at 2026 matriculation ceremony The Accra Institute of Technology (AIT) has formally inducted newly admitted students into its academic community at a colourful matriculation ceremony held on Saturday, June 13, 2026, at the university’s Knowledge City Campus, Kokomlemle, Accra.
Vista Group raises FCFA 151 billion in Burkina Faso’s inaugural diaspora bond, exceeding FCFA 125 billion target
“Patriotic Bond” marks country’s first capital markets instrument dedicated to mobilising diaspora savings at scale for national development. Vista Group has successfully structured and arranged Burkina Faso’s inaugural Diaspora Bond, marking a historic milestone in mobilising capital from the Burkinabè diaspora. The transaction was carried out in collaboration with its partner Brokerage and Investment Firms (SGIs), SBIF and Oragroup Securities.
Nigeria’s tax ombud pushes to resolve multiple taxation through cross-government collaboration
Office of the Tax Ombud says Joint Revenue Board working to harmonise tax administration across federal, state, and local government levels. The Office of the Tax Ombud (OTO) of Nigeria has announced that efforts are underway to address multiple taxation through collaboration with relevant revenue authorities.
IMF: Nigeria’s poverty hits 63% as 27 million face food insecurity despite reform gains
Multilateral lender projects 4% GDP growth for 2025 but warns that higher global fuel and food prices will aggravate poverty and inflationary pressures. The International Monetary Fund (IMF) has stated that poverty in Nigeria has reached 63% of the population, as conditions remain difficult for citizens amidst ongoing economic reforms.
Dangote Refinery IPO positioned as Pan-African investment opportunity, says NGX Group Chairman
Nigerian Exchange engages Kenya, Ghana, South Africa exchanges to broaden participation as equities market delivers 50% returns in 2026. The Nigerian Exchange Group (NGX Group) has announced that the anticipated Initial Public Offering (IPO) of Dangote Refinery and Petrochemicals is being positioned as a pan-African investment opportunity rather than a purely Nigerian one.
Nigeria’s capital importation surges 84% to $10.37 billion in Q1 2026, driven by portfolio investment
Banking sector attracts 72.8% of total inflows as UK and US lead foreign capital sources, NBS report shows. The National Bureau of Statistics (NBS) has reported that total capital importation into Nigeria stood at $10.37 billion in the first quarter of 2026, representing approximately 84% year-on-year growth from the equivalent period in 2025. The NBS disclosed this in its Nigeria Capital Importation Q1 2026 report released in Abuja on Friday.
IFAD partners with Ghana and World Bank to transform agri-food systems through AgriConnect Compact
The International Fund for Agricultural Development (IFAD) has reaffirmed its commitment to partner with the Government of Ghana, the World Bank, and other development partners to accelerate the transformation of the country’s agri-food systems and drive inclusive economic growth. IFAD spoke at the launch of the Ghana AgriConnect Compact in Accra this week.
Mounting costs as trade and financial fragmentation extends beyond rival nations
Trade and Financial Fragmentation Spreads Beyond Rivals as Costs Mount Fragmentation is already costing the global economy $213–$307 billion annually, while adding 0.2–0.3 percentage points to global inflation. Fragmentation is spreading beyond geopolitical rivals to traditionally allied economies, including the EU, Canada, Japan and South Korea.
Nigeria private sector PMI hits nine-month high of 54.1 in May on stronger demand and new products
Stanbic IBTC Bank PMI shows output and new orders accelerating, though employment remains muted amid rising fuel costs. Nigeria’s private sector activity improved to its strongest level in nine months during May 2026, with the Stanbic IBTC Bank Purchasing Managers’ Index (PMI) rising to 54.1 points from 52.4 in April, according to a report released by S&P Global. The growth was fueled by increasing customer demand and new product rollouts across the broader economy.
GCR Ratings affirms Stanbic IBTC Bank at AAA(NG) with Stable outlook on strong capitalisation and parent support
Rating agency cites robust asset quality, improved liquidity, and backing from Standard Bank Group as Stanbic IBTC maintains top-tier national ratings. GCR Ratings (GCR) has affirmed Stanbic IBTC Bank Limited’s national scale long and short-term issuer ratings of AAA(NG) and A1+(NG), respectively, with a stable outlook, the rating agency announced in its latest action.
Tinubu declares Nigeria stabilized on third anniversary, cites economic recovery after reforms
President says fuel subsidy removal and exchange rate unification triggered short-term pain but now yielding stock market boom, infrastructure growth, and fiscal stability. President Bola Tinubu has announced that Nigeria has stabilized and is gradually returning to the path of economic recovery and sustainable growth, following difficult but necessary reforms undertaken by his administration over the past three years.
Civic space demand holds strong across Africa as freedom of speech declines, Afrobarometer report shows
Only 13 of 38 countries have majorities who feel completely free to say what they think, with perceived media freedom falling in 20 nations. Demand for civic space holds strong across Africa even as the supply of freedoms wanes, according to the latest Afrobarometer Pan-Africa Profile. Africans broadly express support for their right to join any organisation and for the media’s freedom from censorship and its responsibility to report on government mistakes.
Africa’s economy to grow 4.2% in 2026 amid global turbulence, says AfDB’s African Economic Outlook
Continent faces 1.3 trillion annual financing gap for SDGs but could unlock 1.43 trillion through reforms, report finds. Africa’s economies are projected to grow at 4.2 percent in 2026, moderating slightly from 4.4 percent in 2025, before rebounding to 4.4 percent in 2027, according to the 2026 African Economic Outlook released Tuesday at the African Development Bank Group Annual Meetings in Brazzaville.
AfDB and World Economic Forum launch HRI Roadmap to channel private investment into Africa’s most fragile economies
New framework targets $400 billion annual financing gap as pilots begin in Liberia, Somalia, Mozambique, and Djibouti. The African Development Bank Group (AfDB) and the World Economic Forum (WEF) on Wednesday launched the Humanitarian and Resilience Investing (HRI) Roadmap for Africa to channel private investment into the continent’s most fragile economies.
Abu Dhabi Fund for Development reports major progress on African road projects as Nigeria, Togo, Madagascar near completion milestones
Sokodé-Bassar road hits 92% completion, Madagascar project reaches 80%, and Nigeria’s Minna-Bida road advances to 45%.
Nigeria’s healthy diet cost rises to ₦1,513 per day in February 2026 – NBS
Cost of Healthy Diet Increases Month-on-Month Nigeria’s National Average Cost of a Healthy Diet (CoHD) per adult per day rose to ₦1,513 in February 2026, according to the National Bureau of Statistics (NBS). In its Cost of a Healthy Diet (CoHD) Report for February 2026, released in Abuja, the NBS disclosed that the figure represents a 3.76 per cent increase from the ₦1,458 recorded in January 2026, highlighting sustained pressure on household food costs.
The unwritten rules of a true democracy
By Abiodun KOMOLAFE Approaching the midpoint of a momentous year already defined by dramatic twists and turns, a critical mid-term review and scenario planning for the remaining months is not out of order. To be meaningful, any such exercise must anchor itself on how we interpret – in view of our immediate realities – the very concept of a social contract within a democracy.
The fear of Atiku Abubakar and the true meaning of democracy
By Mkpe Abang Something curious has taken hold of Nigeria’s political atmosphere ahead of the 2027 elections.
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