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Africa Can End Capital Flight in Technology Space via NEPAD- Monaisa

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Mokgethi Monaisa, the consul-general, South African.
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Mokgethi Monaisa, consul-general, South African (SA) High Commission in Nigeria (since January 2012) believes that both countries share similar potentials and well-positioned to influence the continent’s economic developments.
Monaisa had worked as Ambassador for SA Embassy, Antananarivo; High Commissioner, SA High Commission, Cameroon; Ambassador, SA Embassy, Gabon and Director- Human Rights, Department of International Relations and Cooperation, Pretoria Area, South Africa.
To him, Africa shouldn’t have business importing technology from other continents. In this short interview with peter ugwu, at SAGE Software Day in Nigeria 2015, he also shares some insights into the unfortunate xenophobic incident in SA recently.

Nigeria & South Africa Economic Relationship
If we look back, we will remember that there is a bi-national commission between the two countries and normally what bi-national commission implies (at the top of agenda) is business and thus far there has been so many south African companies that have invested in Nigeria and there are also Nigerians business that are in a South Africa too.
The trade balance between the two countries is increasing but it favours Nigeria more, because South Africa imports a lot of crude from Nigeria and that is what tipped the scale in favour of Nigeria. And South Africa on the other hand exports consumer products into Nigeria.
The Trade figures are in the region of 45billion South Africa Rands (SA Currency). It is quite a huge Investment. So also our relations are not only at government to government level, industry to industry level, but also at people to people level.

Grey Areas in SA and Nigeria Bi-lateral Trades
I think there are vast manufacturing opportunities in Nigeria and that is the area which really has to be boosted.
Maybe, there could be a lot challenges that Nigeria is facing and these challenges could be based on Energy (Power) because when you drive industry you have to source plenty of electrical power and there are discussion in South Africa government also to try and boost manufacturing industry in Nigeria because we also want to be importing a lot of finished products from Nigeria and Nigeria also importing finished products from south Africa.
Also there is need for the refining of petroleum product in Nigeria which is another area that has to be boosted so as to be encouraging growth.
It is not good to be exporting a lot of our raw materials to other continents; and next thing, we don’t have to go and buy the finished product, so we need to redefine our own petroleum products.
And then we are looking forward to having more and more refined products being imported by Nigeria from South Africa.

Assessment on Level of Technology Evolvement in Africa Ecosystem
Some years ago our leaders on the continent conceived the idea of the New Partnership for Africa’s Development (NEPAD) and if we can all as, African countries implement NEPAD as proposed by our leaders I think that will go a long way to promoting technology in Africa instead of looking for technology solutions elsewhere.
We have a lot of brain-powers in Africa and we need to utilize them. And we have a lot of skills that we need to tap into too.
And we have in the Diaspora, Africans who are holding positions at certain industries abroad and we could bring them with those skills into the continent, and go into production and refines our product and NEPAD could be the vehicle to achieve that.
The aim or objective of NEPAD is to inter-trade and promote investment in the continent and also to stop cash flow outside of the continent.
While we don’t break ties with our friends abroad, either in Europe or America, we don’t wish to ‘de-capitalize’ but we wish to be equal.
They need to also come and import from us finished product so we should be dealing at the same level with them as equals.

Concern of Insecurity in the Continent
It is true we are growing and going through a tough time on the continent, we see a lot of terrorist activities now, and suddenly a lot of our countries are becoming targets of these activities.
Therefore, insecurity could be part of that but also we must remember that nobody will come from anywhere else to come and secure the continent for us.
We are the ones that will secure the continent, at the same time promoting investments, build infrastructure.
They will come and destroy that, but we should also have plans in place to rebuild and with that we can boost of stronger and improved results.
I think we need to concentrate on dealing with the insecurity. We need to be able to tell people outside the continent that they can count on Africa for investment. And we need to know that we are the one to secure the continent.

Aftermath of Xenophobia
South Africa has been safe for so many years for many Africans; that is why we find many Africans residing and doing businesses in South Africa. If South Africa was not safe then we won’t have found so many Africans in the country.
About the issue of xenophobia, xenophobia is evident all over the world, as every nation has its own brand of xenophobia.
And normally xenophobia is not a policy of any government. Xenophobia is always caused by a few people and it’s not a culture of any nation.
But you find that it is in a particular minority. You may find out that there are some tendencies like those in which most of them are driven by criminals.
For instance the last xenophobic incidences in South Africa, when you look at them, they were more of criminal elements driven by their own agenda because as much as there were lots of noise about it but when you sit down and recount, you will see that there were only one foreigner who died out of that and three South Africans.
The figures we know are seven and the other three who died were unrelated to the xenophobi. It was just that they happened during that time.
But the noise that was made you will think that people have been killed at random in South Africa and there was nothing like that. What also happen then was that some people post on social Media images that have no relevance to what was happening there.
For instance there were some other images that were picked up from what happened in Rwanda during the genocide. 
And then the picture depicted scenarios there were not reflective of the happenings in South Africa then.
It was only a few people in Durban, Alexander and Johannesburg that was all; South Africa will always be safe.
Even if you look there were countries that sent planes to collect their citizens but how many did really go back home?
You can count them and those who left even came back. So they will always be lot of people going to South Africa then just that tells you that South Africa has never be unsafe for anybody.

South Africa’s Expectation from Buhari Led Government
To South Africans, we hope the new government will promote democracy, push human rights and all the tenets of good governance, because they are key issues; good governance, human rights and democracy.
So, we know that Nigeria has also demonstrated that it could be one of the strong homes of democracy.
The way the elections took place and also the fact that a sitting president could be unseated through the ballot box speaks a lot about the democracy in Nigeria and we expect that the new government of Nigeria will also follow those good steps of promoting democracy and good governance.
So, we say congratulations to Nigerians for smooth elections and congratulations for exercising their right to elect the government they want.


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Appeal Court Nullifies Registration of ‘KPMG Professional Services’

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The court of appeal in Lagos has asked the Corporate Affairs Commission (CAC) to revoke the certificate of registration of “KPMG Professional Services”.

Appeal Court Nullifies Registration of ‘KPMG Professional Services'

In a unanimous decision delivered on Thursday, the appellant court granted the reliefs sought by KPMG Nigeria against CAC and KPMG Professional Services.

The judgment was read by Abdullahi Mahmud Bayero, the judge.

The two other judges are Abimbola Obaseki-Adejumo and A.M. Talba.

In 2002, KPMG Professional Services was registered as a company with CAC despite the existence of KPMG Nigeria, comprising its audit, tax, and consulting arms.

The KPMG Nigeria has long been registered in Nigeria before 2002.

KPMG Audit was registered in 1969, KPMG Tax Consultants in 1990, and KPMG Consulting in 1969.

Displeased with the registration of KPMG Professional Services, KPMG Nigeria approached the federal high court.

The consulting firm had argued that the name “KPMG Professional Services” was deceptively similar to its long-established identity.

In 2005, the lower court dismissed KPMG Nigeria’s case, citing an alleged merger between KPMG Nigeria and Akintola Williams Deloitte as reason the company could no longer assert rights to the name.

The lower upheld the second respondent’s (KPMG Professional Services) counterclaim and ordered that KPMG Nigeria’s name be struck off the CAC register.

The lower court had premised its decision on newspaper articles stating that KPMG Nigeria reportedly merged with Akintola Williams Deloitte.

Delivering the judgment, Bayero ruled that the lower court erred by relying on newspaper articles to ascertain that KPMG Nigeria allegedly merged with another company.

The judge said the documents showing the alleged merger were not presented before the lower court, and the form of the alleged merger could not have been known.

“In any event, the only branch of KPMG, if any, that entered into a merger with Akintola Williams as stated in the newspaper articles 18, is KPMG Audit,” the judge ruled.

“The other spheres were totally unaffected. It would therefore be wrong to state that the merger (which has not been shown to this Court) of KPMG Audit with Akintola Williams means all the other areas of business, including KPMG Consulting and KPMG Tax Consultants, also ceased to exist.

“Even if the Appellants (KPMG Nigeria) had ceased to do business as the Court seemed to have held, the 2nd Respondents (KPMG Professional Services) should not have been carrying on business until the Appellant’s certificate of registration is withdrawn or set aside.

“They cannot use the name until the Appellant’s certification of registration is withdrawn or set aside. They cannot use the name until the name is removed from the 1st Respondent’s (CAC) Register of Names.

“The 1st Respondents can only assign the name to the 2nd Respondents after first taking it away from the Appellants.”

The court ruled that CAC erred by registering KPMG Professional Services despite the existence of a business name, which is already registered.

The judge reversed the earlier ruling of the lower court and reaffirmed the primacy of statutory protection for existing business names under Nigerian corporate law.

 

 

 


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Air Peace Launches Abuja–London Heathrow, Gatwick flights October 26

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Air Peace has announced the launch of direct flights from Abuja to London Heathrow and Gatwick airports, with operations scheduled to begin on October 26, 2025.

The airline said in a statement on Sunday that round-trip fares for the Abuja–London service will start from N1m, making it the first Nigerian carrier to offer direct connections from the capital to both of London’s major international airports. This was contained in a press release issued on Sunday by the airline’s spokesperson, Efe Osifo-Whiskey.

“Direct international flight services from Abuja to both London Heathrow and London Gatwick Airports, effective October 26, 2025.

“Air Peace becomes the first Nigerian carrier to offer direct services from Abuja to both of London’s major international airports, further solidifying its role as a leader in regional and intercontinental aviation.

“Travellers originating from any of Air Peace’s domestic destinations across Nigeria can now book through fares via Abuja to either Heathrow or Gatwick using a single ticket, eliminating the need for multiple bookings or baggage re-checks,” the statement read.

Similarly, the new route opens convenient access for inbound passengers from the UK to cities across Nigeria.

“Travellers from London can access multiple destinations across Nigeria using a single Air Peace ticket through Abuja every morning. These destinations are Lagos, Port Harcourt, Enugu, Benin, Warri, Owerri, Kano, Yola, Gombe and Asaba, for now. Other destinations will be added later,” Osifo-Whiskey stated.

Air Peace is also offering what it describes as unprecedented value in pricing and service.

Osifo-Whiskey said, “It provides a distinct competitive advantage, enabling passengers to travel between Nigeria and the United Kingdom with greater ease, efficiency, and value, due to the possibility of choosing multiple cities entry and exit points.

“Has the cheapest fares ever, starting from only 1 Million Naira round trip. Huge baggage allowance.”

The Abuja–London launch comes months after the airline began Lagos–London Heathrow flights, which started earlier in 2024.


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Prateek Suri CEO Maser Meets Zambia’s Education Minister to Propel Student Housing and Education Projects

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Prateek Suri, CEO of MASER and recognized as the richest Indian entrepreneur in Africa, was welcomed this week by Zambia’s Education Minister, Hon. Douglas Munsaka Syakalima, for a high-level meeting in Lusaka that focused on student housing and broader education infrastructure initiatives.

The meeting, held at the Ministry of Education’s offices, opened with warm greetings and a presentation by Mr Suri detailing Maser’s plans to support Zambia’s rapidly scaling education sector. Suri, who led Maser to become Africa’s seventh unicorn, emphasized the company’s commitment to infrastructure that benefits students, educators, and communities across the continent.

Minister Syakalima underscored the urgency of addressing Zambia’s student accommodation gap, citing the country’s expanding net enrollment and the need for safe, affordable housing for tertiary students. Under his leadership, the Government has embarked on a bold infrastructure agenda: over 82 secondary schools already completed, 46 set to be finished in 2025, and 120 new institutions under construction, alongside 169 ECE hubs and 145 satellite centers to reach underserved areas.

During the meeting, Suri shared Maser’s vision for modern student housing built through public–private partnership models. He outlined a multi‑phase plan utilizing sustainable building design, digital infrastructure, and vocational training facilities integrated into these campuses. “Zambia’s youth deserve world-class learning environments,” Suri remarked. “Maser is prepared to leverage its experience to co-create impactful educational infrastructure.”

Minister Syakalima responded positively, stating, “We welcome the opportunity to collaborate with Maser. The CEO’s entrepreneurial success and the company’s commitment to Africa’s education development are exactly the kind of partnership we need to scale our infrastructure goals.”

Beyond housing, the dialogue extended to opportunities in blended learning, vocational skills, rural outreach, and digital inclusion. With Zambia implementing its forward‑looking 2023 Education Curriculum this year—including early childhood, primary, and Form 1 levels—the minister highlighted the need for supporting infrastructure at all levels to enable effective rollout.

Under Minister Syakalima’s tenure, the education sector has seen notable progress: 4,200 new teachers hired recently, bringing the total teacher workforce to over 40,000 in three years; strengthened focus on foundational learning via teacher training programmes like the “Catch Up Programme”; and ambitious expansion of school infrastructure across Zambia’s provinces.

Maser, co‑founded by Prateek Suri, transformed from an African startup in consumer electeonics and large infrastructure projects into a multi‑sector unicorn operating in real estate, renewable energy, mining and education technology. Its rapid rise and African focus have made Suri a leading figure in bolstering India–Africa economic relations.

As the richest Indian in Africa, Prateek Suri’s influence spans beyond business success—it represents growing bilateral investment aimed at credible, sustainable societal impact. His partnership with Zambia’s Ministry of Education signals a new era of cross-border collaboration in education infrastructure.

With both parties committing to inclusive planning and scalable implementation, the Maser‑Zambia dialogue could mark the beginning of transformative initiatives: from affordable student housing to cutting‑edge learning facilities, vocational training hubs, and digital classrooms.

In closing remarks on the significance of this dialogue, Suri stated, “Education infrastructure is the foundation for future growth. Our partnership with Minister Syakalima and the Government of Zambia is a testament to collective investment in youth, equity, and sustainable development.” Minister Syakalima echoed this optimism, saying that with strategic public–private investment, Zambia’s education sector is poised for a significant elevation.

This meeting lays the groundwork for collaboration that bridges government strategy and corporate innovation—ultimately aiming to empower Zambia’s students and accelerate national development.


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