News
$100 Billion Investment Agenda: The African Union, GIZ, Sterling One Foundation Rally Private Sector To Invest in Africa’s Women And Youth
Since its inception in 2022, the Women and Youth Financial and Economic Inclusion (WYFEI 2030) Initiative, a key initiative of the African Women’s Decade on Financial and Economic Inclusion of African Women 2020-2030 , has created multi-stakeholder platforms to advance targeted financial inclusion strategies for African women and youth.
A recently concluded high-level convening, organized by the African Union Commission Women, Gender and Youth Directorate in partnership with the Sterling One Foundation and supported by the German Federal Ministry for Economic Cooperation and Development (BMZ) through the GIZ African Union Portfolio, focused on mobilizing private sector capital and expertise.
The high-level meeting sought to unlock solutions to persistent financing gaps affecting women and young people.
Held in advance of the Africa Social Impact Summit (ASIS 2025), the convening emphasized the crucial role of the private sector in unlocking USD 100 billion to support at least ten million women and youth in Africa by 2030 as part of the WYFEI 2030.
The dialogue focused on how private actors can design gender- and youth-responsive financial products and services, build market infrastructure and data systems that make underserved entrepreneurs bankable, and provide technical support and business development services to help women- and youth-led enterprises scale.
Ms. Prudence Nonkululeko Ngwenya, Director of the Women, Gender and Youth Directorate at the African Union Commission, set the scene by stressing the need for systemic reform.
She stated that “A fundamental shift is needed to place women and
youth at the center of resource allocation, policy-making, and accountability”. Ms. Ngwenya further emphasized that “The private sector is not a guest at this table, but a co-owner of the agenda, with WYFEI 2030 designed for co-investment, innovation, and scale to move from isolated impact to ecosystem change.”

L–R: Dr. Nadi Albino, Deputy Director, UNICEF; Prudence Ngwenya, Director, Women, Gender & Youth Directorate (WGYD), African Union Commission (AUC); Olapeju Ibekwe, CEO, Sterling One Foundation; and Dr. Tobias Thiel, Director, GIZ African Union Portfolio, at the recently held Private Sector Roundtable, co-convened by Sterling One Foundation and the African Union Commission, a pre-summit engagement of the fourth edition of the Africa Social Impact Summit in Lagos recently.
Echoing this statement, Ms. Olapeju Ibekwe, Chief Executive Officer of Sterling One Foundation, underscored that “Inclusion cannot be rhetoric. Women and youth are not peripheral to Africa’s economy. Any agenda that sidelines them is simply incomplete.
Reaffirming that “Every day, capital doesn’t reach them; opportunity is withheld from the continent.”
Ms. Ibekwe added that, “Partnerships must move beyond alignment and
toward shared execution that reflects the realities of Africa’s investment landscape.”
Dr. Tobias Thiel, Director of GIZ African Union, also highlighted the systemic barriers limiting financial inclusion for women and youth, emphasizing that addressing these challenges is “Both a moral and economic imperative.”
He called on stakeholders to “Move forward together, with boldness and resolve, to create an Africa where opportunity is truly equal, and potential is limitless” reaffirming GIZ’s support for the AU’s WYFEI 2030 Initiative.
During the convening, a panel discussion featuring public and private sector actors explored ways private capital can be mobilized to deliver inclusive outcomes. The conversation focused on the structural changes needed to scale early-stage investment into underserved markets, from deal origination to data collection.
The meeting also featured the introduction of the EmpowerHer Africa initiative by Dr. Nadi Albino, Deputy Director of Partnerships at UNICEF.
This transformative program
aims to create pathways for 50 million adolescent girls and young women across Africa to access financing, technology, and entrepreneurial resources through the WYFEI
2030 Initiative, empowering the next generation of women leaders and innovators.
This dialogue marks the start of a series of coordinated engagements led by the African Union Commission’s Women, Gender, and Youth Directorate, with the Sterling One Foundation anchoring public–private conversations across the continent.
These engagements aim to mobilize strategic partnerships, unlock innovative financing solutions, and align private-sector action with continental priorities to remove systemic barriers to women’s and youth’s economic inclusion.
Through sustained collaboration,
these dialogues are set to generate scalable solutions and measurable progress toward Africa’s inclusive economic transformation.
For further information, please contact:
Ms. Rym Ben Salah | Economic Empowerment Expert, Women, Gender and Youth Directorate | African Union Commission |
E-mail: SalahR@AfricanUnion.org
Ms.Chiwendu Isaiah | Communications Strategist, Sterling One Foundation | Email: chiwendu.isaiah@sterling.ng
News
Couple Kidnapped, One Shot In Ondo Estate Attack
Gunmen suspected to be kidnappers have abducted a couple from their residence in the Iluabo area of Akure North Local Government, Ondo State.
During the attack, which occurred in the early hours of Saturday, February 21, 2026, the assailants shot one person before seizing the victims.
The gunmen had stormed Olaribigba Estate in the community when they whisked Mr Jamiu Olawale and his wife into the bush.
Following the development, which has created tension in the agrarian community, residents protested and barricaded the road leading to the community over the incessant kidnappings and insecurity in the community.
According to sources, the couple had arrived at their residence in an ash-coloured Toyota Camry when they were attacked by the gunmen, who lay in ambush for them.
During the incident, a neighbour of the abducted couple, Patrick Ilumaro, who was seated in front of his residence, was shot by the gunmen while fleeing from the community.
A neighbour of the victims revealed that Ilumaro was swiftly rushed to an undisclosed medical facility where he is currently receiving medical treatment.
While confirming the incident, the Ondo State Police Command disclosed that tactical teams as well as conventional operatives have been deployed to the community.
In a statement issued by the Police Public Relations Officer, Abayomi Jimoh, the operatives are already combing the axis in an effort to rescue the victims and apprehend the perpetrators.
“Concerted efforts are ongoing to ensure the safe return of the abducted persons and bring those responsible to justice.
“Members of the public are urged to remain calm and go about their lawful activities. Meanwhile, the Command urges them to provide credible and actionable information that may assist in the investigation to the nearest police station.”
News
Brake Failure Leaves One Dead, Four Rescued At Abule-Egba
One person died and four others were rescued following a road accident at Ekoro Junction, Abule-Egba, on Friday evening, according to a statement from the Lagos State Traffic Management Authority.
The Director, Public Affairs and Enlightenment Department of LASTMA, Adebayo Taofiq, made this known in a statement issued on the agency’s X handle on Saturday.
According to the agency, the crash occurred at about 7:30 p.m. when an empty MACK tanker suffered a sudden brake failure, lost control and rammed into a Toyota Corolla before crashing into a roadside shop.
LASTMA said the tanker, with registration number EKY 900 XY, collided with a Toyota Corolla marked AAA 823 AY.
The impact caused extensive structural damage to the shop and triggered panic among traders and pedestrians in the area.
“The magnitude of the collision led to the immediate confirmation of one fatality at the scene, while four other trapped persons were extricated from the wreckage through coordinated emergency rescue efforts,” the agency stated.
The authority said it immediately activated its Rescue and Recovery Protocol, deploying specialised operatives to manage the situation.
“Personnel implemented strategic traffic diversion, vehicular evacuation procedures and crowd management in synergy with other emergency responders to forestall secondary incidents and guarantee unobstructed access for rescue operations,” LASTMA added.
It stated that emergency teams carried out rescue operations and provided medical attention to the injured victims.
According to the agency, a heavy-duty tow truck was later deployed to evacuate the damaged tanker and clear debris from the road to restore normal traffic flow.
The agency disclosed that the tanker driver fled the scene shortly after the crash and security operatives have since launched efforts to apprehend the driver and initiate legal proceedings.
“Security personnel from the Nigeria Police Force, Ekoro Division, responded expeditiously, maintaining public order, securing the accident perimeter and assisting in investigative processes aimed at establishing the precise sequence of events that culminated in the mechanical failure and subsequent collision.
“The incident precipitated considerable traffic congestion extending across adjoining routes toward Abule-Egba, necessitating robust traffic management interventions by LASTMA officials who remained on ground directing vehicular movement and implementing diversion strategies to alleviate the backlog,” it said.
According to the agency, its General Manager, Olalekan Bakare-Oki, expressed condolences to the family of the deceased and urged transport operators, particularly drivers of articulated vehicles, to prioritise routine vehicle maintenance.
“Preventable mechanical deficiencies remain a significant contributory factor in severe road traffic crashes,” Bakare-Oki said.
He also advised motorists to exercise vigilance, obey traffic regulations and maintain responsible driving practices, especially within densely populated commercial corridors.
Bakare-Oki assured the public that security agencies would conduct a thorough investigation to determine the immediate and remote causes of the incident and ensure that anyone found culpable would be prosecuted in accordance with extant laws.
The agency said other emergency responders at the scene included the Lagos State Emergency Management Agency, the Lagos State Fire and Rescue Service, the Lagos State Ambulance Service, the State Environmental Health Monitoring Unit and officers of the Nigeria Police Force, collaborated to coordinate rescue, medical response and environmental safety measures.
News
Court Sets Feb 25 For El-Rufai’s Arraignment In DSS Cybercrime Case
The Department of State Services (DSS) will arraign former Governnor of Kaduna state, Nasir El-Rufai, on February 25 over alleged cybercrime and breach of national security.
Justice Joyce Abdulmalik of the Federal High Court has fixed the date for the arraignment of the former Governor on a three-count criminal charge filed by the Department of State Services (DSS) after the Chief Judge, Justice John Tsoho assigned the case to her.
NAN earlier reported that the DSS, on Monday, filed a three-count criminal charge against El-Rufai following his alleged involvement in wiretapping the telephone lines of the National Security Adviser (NSA), Mallam Nuhu Ribadu.
The charge, instituted by the Nigerian secret police, is marked FHC/ABJ/CR/99/2026.
The service accused El-Rufai of breaching the Cybercrimes Prohibition Act (2024) and the Nigerian Communications Act (2003.)
In court, El-Rufai was alleged to have, on Feb. 13, while appearing as a guest on Arise TV station’s Prime Time Programme in Abuja, admitted during the interview that he and his cohorts unlawfully intercepted the phone communications of the NSA, Mr Ribadu.
The offence is said to be contrary to and punishable under Section 12(1) of the Cybercrimes (Prohibition, Prevention, etc.) Amendment Act, 2024.
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