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$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
Gumi Defends Dialogue As Sole Solution To Nigeria’s Insecurity
Islamic cleric Sheikh Ahmad Gumi recently defended his past interactions with armed groups, stating he “took the bull by the horns” in 2021 as a necessary step to address Nigeria’s insecurity.
In a post shared on Facebook on Thursday, Gumi said decades of neglect of disadvantaged populations had created deep socio-economic inequalities, leaving many youths vulnerable to manipulation by external forces seeking to destabilise the country.
According to him, the widening gap between the rich and the poor has turned many young people into “ready-made foot soldiers” in cycles of violence that enable the exploitation of Nigeria’s resources.
He also criticised the political class for being largely unresponsive, while noting that the intellectual community is preoccupied with survival struggles.
Reflecting on his past efforts, Gumi said he “took the bull by the horns” in 2021 by attempting to reintegrate violent elements into society rather than allowing them to be further radicalised.
He wrote: “Nigeria for decades has ignored the underprivileged section of its society. There is a significant socio-economic discrepancy, and the society is stratified. This makes our teaming youth ready-made foot soldiers for any foreign interest trying to divide us and rule. To plunder our resources while we are involved in a vicious circle of violence.
”Unfortunately, the political class is unattentive while the intelligentsia is held hostage in the struggle for existence.
“In 2021, I took the bull by the horns in an attempt to bring some of these uncouth elements back to our fold rather than letting them be exploited by the devil.
“I still believe this is the only way out of our predicament. However, it needs the political will and determination to achieve.
“May Allah bring peace back to our nation.”
News
Court Clears Senator Ireti Kingibe To Remain Active In ADC
The Federal High Court in Abuja rejected an ex-parte application seeking to bar Senator Ireti Kingibe from participating in the activities of the African Democratic Congress (ADC).
Justice Peter Lifu declined the request from Wuse Ward leaders, ruling that such an order could not be granted without first hearing from the senator.
Instead, the judge ordered the ward leaders said to be loyal to the Minister of the FCT, Nyesom Wike, to put the senator on notice to appear in court to join issues with them on their grievances.
Justice Lifu in a ruling on Thursday held that discretion in such a request for prohibition from party activities and in political matters must be exercised judicially and judiciously.
The judge said justice would be met in the case of the plaintiffs only when the side of the defendant is heard on its merit, along with that of the plaintiffs.
Consequently, the judge ordered that Senator Ireti Kingibe should be served with all court processes by the plaintiffs to enable her become aware of the suit and to prepare her defense.
The judge fixed April 20, 2026, for the plaintiffs and the serving senator to appear before him for hearing of all applications in the matter.
Those who sued the senator in the suit marked FHC/ABJ/ CV/539/2026 are Okezuo Godfrey Anayo and Isaiah Ojonugwa Samuel, on behalf of themselves and ward members as plaintiffs. The senator is the sole defendant.
In their ex-parte application, Kingibe representing the FCT in the Senate was said to have been suspended on March 10, 2026 by her Wuse Ward executives following allegations of anti-party activities and disregard of your cnstitution of the ADC.
In the ex- parte application filed on their behalf by a Senior Advocate of Nigeria, SAN, Kolawole Olowookere, the aggrieved ADC members in Wuse Ward applied for an order of interim injunction restraining Kingibe from parading herself as a member of party, pending the hearing and determination of their motion on notice for interlocutory injunction.
They also asked the judge to restrain the senator from performing any function, attending meetings or performing activities reserved for ADC members or representing the party in any activities.
Besides, the Ward Executive Committee had asked that she be restrained from further interfering with the administration of the ward, ward register and other activities.
The suit was predicated on five grounds among which are that Mrs Kingibe was placed on suspension due to anti-party activities, gross misconduct and confiscation of the ward statutory records.
They argued that the suspension followed due process as enshrined in the ADC constitution and ratified by the two thirds majority of the EXCO members.
They averred that despite the communication of the suspension to Kingibe, she has continued to hold parallel meetings, issue press statements as an ADC member, and using her security details to intimidate the executive committee.
“Her actions constitute flagrant disregard to the internal mechanism of the party,” the plaintiffs stated.
Meanwhile, a lawyer, Abubakar Marshall who claimed to be representing the senator, announced that he had filed a preliminary objection against the suit. He added that it was served on M. S. Garba, who stood for the plaintiffs at Thursday’s proceedings.
News
COAS Shaibu Hits Jos To Restore Peace, Public Confidence
The Chief of Army Staff (COAS), Lieutenant General Waidi Shaibu, visited Jos, Plateau State, on Thursday, April 2, 2026, to lead a high-powered security assessment following recent security breaches.
The visit was aimed at strengthening public confidence and reinforcing ongoing efforts to stabilize affected communities.
Colonel Appolonia Anele, acting Director, Army Public Relations, said in a statement that the visit forms part of ongoing efforts to restore calm and entrench lasting peace across the state.
According to the statement, upon arrival, the COAS was received by the Executive Governor of Plateau State, Caleb Mutfwang, in a clear demonstration of strong civil-military cooperation and a shared commitment to addressing emerging security challenges.
The statement said the COAS received a comprehensive operational briefing from the General Officer Commanding 3 Division and Commander, Joint Task Force Operation ENDURING PEACE, Major General Folusho Oyinlola, who highlighted ongoing operations and proactive measures being implemented in synergy with other security agencies to contain threats, protect lives and property, and stabilise affected communities.
“As part of his engagements, Lieutenant General Shaibu also interacted with community leaders and residents, reassuring them of the unwavering commitment of the Nigerian Army to safeguarding all law-abiding citizens.
He urged residents to remain calm, vigilant and supportive of security agencies by complying with the curfew and cooperating fully with ongoing operations and investigations, while going about their lawful activities.
The chairman of Jos North Local Government Area, Hon. Dachung Bagos, commended the COAS for the timely visit, noting that the presence of the nation’s top military leadership would boost public confidence and reinforce trust in ongoing security efforts.
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