General News
AfDB Board Approves Establishment of African Pharmaceutical Technology Foundation

The African Development Bank’s Board of Directors has approved the establishment of the African Pharmaceutical Technology Foundation, a new groundbreaking institution that will significantly enhance Africa’s access to the technologies that underpin the manufacture of medicines, vaccines, and other pharmaceutical products.
Dr. Akinwumi Adesina, African Development Bank Group President, said: “This is a great development for Africa. Africa must have a health defense system, which must include three major areas: revamping Africa’s pharmaceutical industry, building Africa’s vaccine manufacturing capacity, and building Africa’s quality healthcare infrastructure.”
During the African Union Summit in Addis Ababa in February 2022, the continent’s leaders called on the African Development Bank to facilitate the establishment of the African Pharmaceutical Technology Foundation.
Adesina, who presented the case for the institution to the African Union said: “Africa can no longer outsource the healthcare security of its 1.3 billion citizens to the benevolence of others.” With this bold initiative, the African Development Bank has made good on that commitment.
The decision is a major boost to the health prospects of a continent that has been battered for decades by the burden of several diseases and pandemics such as Covid19, but with very limited capacity to produce its own medicines and vaccines. Africa imports more than 70% of all the medicines it needs, gulping $14 billion per year.
Global efforts to rapidly expand the manufacturing of essential pharmaceutical products including vaccines in developing countries, particularly in Africa, to assure greater access, have been hampered by intellectual property rights protection and patents on technologies, know-how, manufacturing processes and trade secrets.
African pharmaceutical companies do not have the scouting and negotiation capacity, and bandwidth to engage with global pharmaceutical companies. They have been marginalized and left behind in complex global pharmaceutical innovations. Recently, 35 companies signed a license with America’s Merck to produce Nirmatrelvir, a Covid-19 drug. None of them was African.
No institution exists on the ground in Africa to support the practical implementation of Trade Related Intellectual Property Rights (TRIPs) on non-exclusive or exclusive licensing of proprietary technologies, know-how and processes.
The African Pharmaceutical Technology Foundation will fill this important and glaring gap. When fully established, it will be staffed with world-class experts on pharmaceutical innovation and development, intellectual property rights, and health policy; acting as a transparent intermediator advancing and brokering the interests of the African pharmaceutical sector with global and other Southern pharmaceutical companies to share IP-protected technologies, know-how and patented processes.
Adesina said “Even with the decision of the TRIPS Waiver at the World Trade Organization (WTO), millions are dying -and will most likely continue to die – from lack of vaccines and effective protection. The African Pharmaceutical Technology Foundation provides a practical solution and will help to tilt the access to proprietary technologies, knowledge, know-how and processes in favor of Africa”.
The World Trade Organization and the World Health Organization, respectively, welcomed and lauded the African Development Bank’s decision to establish the African Pharmaceutical Technology Foundation.
Dr. Ngozi Okonjo-Iweala, the Director-General of the World Trade Organization, said “The African Pharmaceutical Technology Foundation is innovative thinking and action by the African Development Bank. It provides part of the infrastructure needed to assure an emergent pharmaceutical industry in Africa”.
Dr. Tedros Ghebreyesus, the Director-General of the World Health Organization, said “Establishing the African Pharmaceutical Technology Foundation, by the African Development Bank, is a game changer on accelerating the access of African pharmaceutical companies to IP-protected technologies and know-how in Africa”.
The African Pharmaceutical Technology Foundation will prioritize technologies, products and processes focused primarily on diseases that are widely prevalent in Africa, including current and future pandemics. It will also build human and professional skills, the research and development ecosystem, and support upgrading of manufacturing plant capacities and regulatory quality to meet World Health Organization standards.
While the African Pharmaceutical Technology Foundation is being established under the auspices of the African Development Bank, it will operate independently and raise funds from various stakeholders including governments, development finance institutions, philanthropic organizations among others.
The Foundation will boost the African Development Bank’s commitment to spend at least $3 billion over the next 10 years to support the pharmaceutical and vaccine manufacturing sector under its Vision 2030 Pharmaceutical Action Plan. The Foundation’s areas of work will also be an asset to all other current investments into pharmaceutical production in Africa.
Rwanda will host the African Pharmaceutical Technology Foundation. A common benefits entity, the Foundation will have its own governance and operational structures. It will promote and broker alliances between foreign and African pharmaceutical companies.
The African Pharmaceutical Technology Foundation will strengthen local pharmaceutical companies to engage in local production initiatives with systematic technology learning and technology upgrading at the plant level.
The Foundation will work with African governments, research and development centers of excellence to strengthen the regional pharmaceutical and vaccine innovation ecosystem for Africa and build skills of the kind needed for the pharmaceutical sector to flourish.
It will also promote closer coordination of the various ongoing medicines and vaccines’ manufacturing initiatives at the regional level to increase collaborative linkages, leverage synergies and partnerships in a pan-African context.
The African Pharmaceutical Technology Foundation will work closely with the African Union Commission, European Union Commission, the World Health Organization, the Medicines Patent Pool, the World Trade Organization, philanthropic organizations, bilateral and multilateral agencies and institutions, and will foster collaboration between the public and private sectors in developed countries and developing countries.
General News
NIMC Warns against Using Unauthorised Websites for NIN Changes

National Identity Management Commission (NIMC) has warned Nigerians against modifying their National Identification Number (NIN) data on unauthorised websites.
Dr Kayode Adegoke, head of Corporate Communications, NIMC, issued the warning in a statement released on Monday.
Adegoke stated that modifications to NIN data could only be carried out on the official NIMC self-service portal.
He therefore cautioned that attempting to modify NIN data on unauthorised websites could compromise personal information and expose individuals to identity theft.
According to him, using the official NIMC self-service portal ensures that data remains secure and protected.
“By using the self-service portal, individuals can also enjoy the convenience of updating their information from anywhere, at any time.
“NIMC therefore advises Nigerians to use only the official portal for all NIN modification needs and to avoid unauthorised websites to prevent any potential risks,” he said.
General News
FG Partners China to Crack Down on Chinese Nationals in Financial Crimes

Nigeria and China said this week they will cooperate in efforts to crack down on the increasing number of Chinese nationals taking part in financial crimes in the African country.
The joint effort comes after Yu Dunhai, Chinese Ambassador visited Economic and Financial Crimes Commission (EFCC), Nigeria’s anti-graft agency, in Abuja.
In a statement posted to the EFCC website, Dunhai expressed regret over the rising trend of Chinese nationals engaged in financial crimes in Nigeria.
He assured Nigerian authorities that the Chinese government is ready to send delegates to work with local law enforcement agencies to address the issue.
At the same time, Dunhai urged authorities to protect the rights of Chinese citizens while investigations are conducted.
Since November, Nigerian authorities have arrested at least 400 Chinese nationals suspected of cybercrime, telecom fraud and illegal mining. Many of them are facing trial.
But Nigerian political analyst Chukwudi Odoeme warned that China’s influence over the process could undermine the rule of law.
“The collaboration looks good, but then the relationship between Nigeria and China is something that is suspicious in this particular arrangement,” Odoeme said. “The collaboration may be defeated in the sense that China will have undue influence, and it may even lead to political release of those persons instead of subjecting them through the criminal trial system in Nigeria.”
In the first quarter of last year, Chinese companies provided 23% of Nigeria’s total imports.
Critics argue that Chinese nationals are exploiting trade routes and immigration loopholes to enter Nigeria illegally and engage in criminal activities.
Authorities say many of the arrested Chinese nationals were found to be living in Nigeria without proper documentation.
Public affairs analyst Jaye Gaskia raised concerns about the transparency of the collaboration.
“On what basis are you going into this collaboration? For what purpose?” he asked. “The conversations around trying to develop such collaborative strategies also need to be transparent, so that citizens will be able to interrogate the process to see whether national interest is going to be somehow undermined.
“We have to be careful, and we have to ensure who does the prosecution,” Gaskia said.
“The best-case scenario is for the country not to cede its own sovereignty in terms of how this is going to happen.”
Nigeria’s debt to China exceeds $5 billion — more than the bilateral loans owed to all other countries combined.
Meanwhile, Nigeria is seeking China’s backing to join the grouping of the world’s 20 largest economies, the G20, and secure a permanent seat on the United Nations Security Council.
But political analyst Rotimi Olawale believes the debt should not influence how Nigeria handles criminal cases.
“I don’t think that the debt we owe China, $5 billion, will affect anything,” Olawale said.
“That’s government-to-government relations. The most important thing is that the case should not be politicized. We must clearly define our rules and uphold our laws.”
Previously, Nigeria’s parliament called for the mass deportation of illegal Chinese migrants.
VOA
General News
QNET’s Push for Women’s Financial Inclusion Gains Traction Amid Global Gender Gap Concerns

As gender disparities in financial access persist, QNET, a global wellness and lifestyle direct-selling firm, is intensifying efforts to bridge the gap through entrepreneurship. In line with International Women’s Day 2025, QNET is aligning with this year’s theme, “Accelerate Action,” advocating direct selling as a viable economic lever for women’s financial independence.
Recent findings from the United Nations Development Program (UNDP) 2024 report highlight the severity of financial exclusion among women. Despite making up nearly half of the global population, 40% of women worldwide remain unbanked—with a 20% lower likelihood than men to hold bank accounts and 17% less access to formal credit lines. This exclusion, affecting 1.1 billion women, is not just a socio-economic challenge but a barrier to sustainable growth.
For companies like QNET, the case for intervention is compelling. Direct selling—often dismissed in traditional financial inclusion discourse—presents an alternative pathway for women to generate income, build financial resilience, and scale entrepreneurial ventures. Through its platform, QNET provides structured mentorship, training, and business resources designed to help women establish independent enterprises.
Biram Fall, Regional General Manager, QNET Sub-Saharan Africa, said, “As part of the United Nation’s Social Development Goals, achieving gender equality to empower all women and girls is a fundamental human right and a necessary foundation for a peaceful, prosperous and sustainable world.
“At QNET, we are committed to accelerating their success by equipping them with business skills, mentorship, and financial opportunities. By offering a flexible and low-barrier platform, we aim to enable women to become entrepreneurs and contribute meaningfully to their families and communities.”
QNET’s commitment to women’s empowerment is evident through various initiatives, such as its signature financial literacy program, FinGreen, which was launched in Nigeria in 2022 to develop healthy financial habits through education and training in the most vulnerable communities, particularly for youth, women and those stepping into entrepreneurship in emerging economies. The programme is important in achieving the UN SDGs and establishing a stable and healthy economy in developing nations.
Akeem Ajisafe, Managing Director of Transblue Nigeria Limited, QNET’s local partner in Nigeria, speaking on the special observance, said, “At QNET, we believe that true empowerment comes from providing women with the right opportunities to succeed. Through our various initiatives, we hope to highlight our commitment to equipping women with the skills and resources they need to achieve economic independence and long-term success – addressing gender disparity in Nigeria and across Africa.”
With a strong focus on financial inclusion and skills development, QNET continues to support women in building sustainable businesses, fostering independence, and driving economic growth. As the world pushes for gender equality, QNET remains steadfast in its commitment to accelerating action and creating a more inclusive future where women thrive as leaders, innovators, and entrepreneurs.
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