Featured

GLOBACOM at 21: A Toast to Vision, Greatness and Unrivaled Quality

Published

7 months ago

August 29, 2024

Eric

By Eric Elezuo

Like a comet that blazes across the evening sky, legendary Nigerian telecommunications company, GLOBACOM, has hit its 21st year of existence, raising glorious toast and smiles of accomplishments among all and sundry. The journey was not easy, but worthwhile. Today, Glo is a tale told by acumen, intelligence, bravery and humanity-oriented point of view.

The story of this Nigeria’s thriving indigenous telecommunication network, Glo, is a story of doggedness, commitment, dedication and unbroken focus. This is considering the fact that the originator of the brand ventured into a terrain hitherto unknown to Nigerian business, overcoming the harsh business environment, familiar intimidation and huge financial involvement.

It is worthy of note that the first step towards hoisting the Glo network was a herculean task on its own as the overriding fame of pioneer telecoms, was already on the ground with experience and huge financial muscle, taking the available space and thriving in all ramifications. It therefore, only required a tough and out of the box business acumen to bring Glo to existence. And this was what the man known by many names including the Bull, Spirit of Africa and quintessential giver, Dr. Michael Adenuga Jr., did. He practically crashed the network ego, raising the customer to the kingship level and made him the sole concern of telecom business. This he did by bringing on board the famed per second billing; something nobody believed was possible.

The fact that the brand lost its initial $20 million after emerging as one of the four winners in the bid auction process to operate the just introduced Global System of Mobile telecommunications (GSM) in Nigeria, did not deter it from following the dream to give Nigerians equitable telecom service. The colossal loss may have been a blessing in disguise as it gave the team a leverage to come back smoking with ideas that changed the entire telecom world for good.

The brand is 21 years now, having waded through the murky waters of competition and churning out one great after another to the applaud of global citizens.

A year ago, when the company celebrated the 20 years of impactful existence, and appreciation to Nigerians, the telecom giant lauded the government and people for their support through a statement, capturing the journey of two decades plus one.

The statement recalled that it had been two decades of transforming the telecommunications landscape, fulfilling dreams, and positively affecting the lives of millions of Nigerians.

21 YEARS AND A JOURNEY LIKE NO OTHER

“Since inception in 2003, Globacom has been true to its resolve to provide world-class communications and digital services through constant deployment of latest technologies in line with the corporate promise to build a robust ICT network infrastructure that would consistently deliver value to its esteemed customers.

“Glo has been at the forefront of revolutionary changes in the telecommunication sector in Nigeria. It crashed the cost of acquiring SIM cards in the country from about N25,000 to just about N200. The network also disappointed bookmakers as it launched operations on a Per Second Billing platform, a feat others had described as impossible to achieve until another five years.

“Prominent among the innovations Glo pioneered in Nigeria are Blackberry, Multimedia Messaging Service (MMS), Magic Plus, Glo Direct, Glo Fonepals, Africhat, Glo Mobile Internet, GloFleetmanager, M-Banking and Glo Mobile Office. Glo was also the first to launch 2.5G, 3G and 4G LTE networks. It also singlehandedly built an international submarine cable, Glo 1 to connect West Africa directly to the United Kingdom and the rest of the world. It also connects 12 nations in the West African sub region, including some of them that are landlocked.

“Glo1 is credited with crashing the cost of internet services and is today the preferred cable system by global OTT providers. It connects thousands of kilometres of national fibre to all parts of Nigeria.

“As we celebrate our achievements these past twenty years, we wish to acknowledge that Globacom’s huge success is a result of the support of millions of Nigerians. We wish to thank them for their love and patronage and for the unprecedented confidence they have consistently shown in the company,” the company said.

“While restating its commitment to the provision of world-class communications and digital services in line with its corporate resolve to build a robust communications and technology infrastructure that would consistently deliver value to its esteemed customers at launch, Globacom noted, We will remain a catalyst for socio-economic empowerment not only in Nigeria but also in Africa. We will continue to invest massively in new technologies to exceed customer.”

THE GLO STORY: DOWN MEMORYLANE

In a nutshell, the story of the phenomenal impact and market leadership of Glo is better told by Glo itself as captured below:

The story of the rise of indigenous telecommunications company, Globacom, is like a fairytale.

It would be “remembered clearly, as if it was yesterday, when its promoter and self-effacing billionaire, Dr Mike Adenuga, appeared to have hit a blank in his attempt to venture into the telecommunications business in 2000.

His company, Communications Investment Limited (CIL), was first issued a conditional licence in 1999 to operate the Global System of Mobile telecommunications (GSM). This followed its emergence as one of four winners of the bid auction process. Adenuga paid the $20 million mandatory deposit. However, in the process of effecting the release of the balance payment of $265 million, the licence was unfairly revoked and he lost the $20 million deposit. It was a colossal loss, but the bullish businessman who is renowned for his tenacity was undeterred. The other three winners, MTN, Airtel (then known as Econet) and M-tel proceeded to roll out services.

Two years later, Adenuga went on to bid for the Second National Operator (SNO) license, and deposited another $20 million. This time, he was lucky. He won the bid in August, 2002, through Globacom Limited. Incidentally, the SNO has a wider range of operations as it gave Globacom the right to operate as a national carrier, operate digital mobile service, serve as international gateway for telecommunications in the country, and operate fixed wireless service.

Globacom was to roll out services a year later, precisely on August 29, 2003. The odds were heavily stacked against Adenuga because by then, the other operators already had a two-year head start over Adenuga’s Glo. Secondly, he was venturing into a completely new terrain. Considering that MTN and Econet both had years of experience in the business in other countries, many expected Globacom to stutter.

However, the doubts soon evaporated. Not only did Globacom stun the industry by launching on per second billing, it also crashed the cost of acquiring a GSM line from N30,000 to N6,999 and later to N200. The older operators who, for two years boasted that it was not possible to launch operations on the billing platform as no operator in the world had done this before, were left playing catch up. Like a rampaging bull (which incidentally is Adenuga’s totem), Globacom embarked on a massive rollout of facilities and operations in several towns and cities across the country, and within nine months amassed over one million subscribers. Consequently, it established a reputation as the fastest growing GSM network in Africa.

Since that remarkable feat by Globacom, it has been one endearing success after another for the Nigerian company. In an industry where it was expected to lag behind the established multinational operators, Glo is not just rubbing shoulders with them, it has, indeed, been the pacesetter. It has come to be regarded as a behemoth in Nigeria’s telecom space.

It was the first operator to launch the 2.5 Generation technology, making the convergence of voice, data and multimedia technologies possible. Hence, Glo was able to launch such value added services as vehicle tracking, mobile internet, mobile banking, multimedia messaging service (MMS), voice SMS, and Text2email before the multinationals who were still running on 2G then.

Globacom also pioneered Blackberry Services in Nigeria, and the device was for a long time the rage among business executives and in social circles.

The introduction of the 3G Plus technology marked the second time that Globacom has been in the forefront of pioneering the latest transmission network in Nigeria. With this technology, Glo was able to carry out a much faster transmission of data, voice, broadband internet and multimedia services over a range of frequencies. It also allowed customers to do video call, video streaming and high-speed mobile internet access, amongst others, from their 3G mobile handsets.

Globacom was not done yet in setting the pace yet as it also become the first network to launch a nationwide 4G-LTE network in Nigeria. The technology offers efficient broadband internet to millions of Nigerians at speeds that are several times faster than the 3G network. Subscribers on the network are able to download ultra-high definition videos in seconds.

THE AUDACIOUS GAMECHANGER; GLO ONE

But perhaps one of the most audacious projects undertaken by Globacom was the construction of an international submarine cable, Glo 1. Launched in 2010, the project was said to have cost over $800 million. It was the first time a gigantic project of this nature had been undertaken by a single company.

The facility which has brought unprecedented bandwidth from Europe to Nigeria and other West African countries marked the beginning of the crashing of bandwidth costs in Nigeria and the rest of West Africa, thereby facilitating more access to broadband internet. With this intervention by Globacom, almost everyone who can afford a smartphone is able to use data. Also, according to industry sources, Glo 1 is currently providing the much needed connectivity to critical sectors of the economy. Companies in the Oil and gas, manufacturing, banking, commerce, education and health sectors as well as several multinational companies, including telecom operators and internet service providers (ISPs), are said to benefit from Glo 1.

Glo 1 has also played a major role in Nigeria’s broadband penetration which currently stands at 44.5 per cent. The penetration is principally driven by major players in the telecom sector, such as Glo 1. Globacom has also invested generously in the infrastructure to deliver the last mile to end-users, while also breaking the cost barrier by introducing affordable tariffs.

While commenting on the impact of Glo 1, Globacom sources said, “With the 4G expansion to tier 2 and 3 cities, Glo1 acts as the catalyst in propagating broadband penetration in Nigeria and acts as an enabler for enterprise customers to provide world class connectivity to all their offices and factories across Nigeria. Many cloud computing companies who cater to the Small and Medium Enterprises (SMES) are setting up shop within the Glo partnered data centers. Using Globacom’s robust terrestrial infrastructure, Glo1 has seized this opportunity to backhaul their traffic to other data centers across the world.”

It is remarkable that it is a Nigerian company that has pulled off this ambitious project. One of Adenuga’s close associates said the idea of building a submarine cable berthed when the entrepreneur went on a business trip to Paris, the French capital, sometime around 2008. While there, he found out that telephone calls to Nigeria were epileptic unlike the connection between France and other parts of Europe. When he made enquiries about what could be done to solve the problem, he was told it was to have an international submarine cable. There and then, Dr Adenuga decided to build Glo 1, and the rest is now history. The project is a testament to the entrepreneurial spirit and foresight of the man behind Globacom.

For those who know Adenuga well, it was not surprising that Glo was able to quickly established itself as the pacesetter in the industry, despite commencing business two years after MTN and Airtel (then called Econet).

GLO’S LEADERSHIP IN PROMOTION OF ARTS AND CULTURE

Other areas Globacom has effectively set itself apart are customer-empowerment, sustainability and promotion of Nigeria’s arts and cultural heritage. From 2003 when it commenced operations to date, no company has affected the lives of its subscribers and, indeed, the Nigerian people the way the telecommunications company has done.

Over the years, the company has launched series of promos through which different types of empowerment prizes including millions of naira in cash prizes, luxury cars, tricycles, sewing machines, generators, television sets and grinding machines have been won by Nigerians across the country.

For so many years, it supported the development of Nigerian sports through the sponsorship of the Nigerian Premier League and the national football teams of Nigeria when no other corporate organisation wanted to touch the assets. The company spent billions of naira in developing the Nigerian league and national teams, and this culminated in Enyimba Football Club winning the prestigious Champions League twice in a row, while the Super Eagles won the Nations Cup in 2013.

Nigeria’s entertainment industry has also received a massive boost from the telecom operator. It has so far brought two of the world’s biggest reality television shows to the country. They are X-Factor, which produced DJ Switch as winner, and the Battle of the Year which was held between October 2022 and April, 2023.

In addition to this, Globacom has over the years also held its own music and comedy shows across different cities and campuses across the country. The shows, including Rock ‘n’ Rule, GloNaija Sings, Laffta Fest, Slide and Bounce concert, and Glo mega Music, were some of the platforms through which Globacom entertained and delighted Nigerians. But more importantly they helped deepen the entertainment industry by giving budding talents in music and comedy and platform to showcase their abilities.

Similarly, the nation’s art and culture have also been positively touched by Globacom. From Ojude Oba in Ijebu-Ode, Ofala in Onitsha, Lisabi in Abeokuta, Imeori in Abriba, Oru – Owerri in Imo state, amongst others, the company has through sponsoring the festivals not only brought theme to international limelight, but has also turned them into major tourist attractions.

The company also sponsors the Ofala Festival in Anambra State.

There is hardly any aspect of life that has not been positively touched by the telecommunications company.

Looking back at the gigantic milestones it has recorded, one would find it difficult to believe that it is just 21 years old. But would any less be expected from a company founded by Dr Mike Adenuga? He made clear his intention from the beginning with a very bold vision statement, “Building Africa’s biggest and best telecommunications network”. He is known to think and dream big – a very tenacious and dogged entrepreneur who likes to grow his businesses to dominate the sectors he operates in. Globacom has not only matched the multinational operators pound for pound, but it has, indeed, dominated Nigeria’s telecommunications sector these past 21 years.

GLO, AS NIGERIA’S EMPOWERMENT CHAMPION

Globacom has not only transformed the telecoms sector with its technological infrastructure, product innovations and quality service delivery, but it has also shown unparalleled commitment to improving the lives of its customers. Its empowerment initiatives cut across Innovation and Affordability, which have given millions of Nigerians access to telephony and allied services, Entertainment, Sports and Promotions, Festivals, among others.

INNOVATION AND AFFORDABILITY

Glo is the only operator in Africa to launch its operations on the superior 2.5G network which enabled the convergence of voice, data and multimedia technologies.

But more importantly, it launched operations on Per Second Billing, thus ensuring subscribers only pay for actual time spent on a call instead of the practice of billing customers N50 per minute even when the call cuts off at just 2 seconds. It also crashed the cost of SIM card from N30,000 to N6,999 and later N100, thereby making it possible for low income earners, students and artisans to own a GSM line side by side with the elites.

With its massive investments in building over 20,000 kilometres of fibre optic backbone across the country, 4G technology and Glo1, the first ever individually owned international submarine cable from the United Kingdom to Nigeria, Globacom has availed its subscribers the much needed internet bandwidth. This has led to what is called the democratization of data. For instance, with just N500, a Glo subscriber will get 2GB data, with N50 the customer gets 50MB, N100 gives 150MB. For big users on the network, they can get 675GB for N75,000 and 1Tera Byte (TB) for N100,000. The company also gives double data bonus to Glo subscribers. No wonder it is called the grandmasters of data by admirers!

Apart from boosting internet service to end users, Glo 1 is also providing connectivity to essential sectors of the economy such as oil and gas, manufacturing, banking, commerce, education and health, among others.

MORE ON GLO’S SUPPORT FOR ENTERTAINMENT SECTOR

Globacom has always been associated with the development of the Nigerian music industry, since its inception, from its involvement with Nollywood and leading Nigerian music talents to the sponsorship of music shows such as Rock ‘n’ Rule, GloNaija Sings, Laffta Fest, and the world’s number one music singing talent reality TV show, X Factor. Others are Slide and Bounce concert, an entertainment tour which went round all the Geo-political zones of the country as well as Glo mega Music show, another platform through which Globacom entertains and delights Nigerians.

These programmes are meant to discover and help nurture budding talents. The company also supports the movie industry in Nigeria (Nollywood) and in Ghana (Ghollywood). Many of the actors and actresses in both countries have been chosen as Glo Ambassadors, thus projecting the continent in a refreshing light through African movies.

Globacom brought the world’s biggest dance reality show, Battle of the Year, to Nigeria. The winners in seven different categories went home with mega millions in cash, space wagon , and also bagged an opportunity to represent at the global edition of the competition.

Indeed, no corporate organization has had the kind of assemblage of entertainment heavyweights as it brand ambassadors as Globacom. All through the years, the cream of the country’s musicians, footballers, actors and comedians have either been signed on as brand ambassadors or featured in the company’s television commercials. The long list includes veterans such as late Osita Osadebe, late Oliver d’Coque, King Sunny Ade, Ebenezar Obey, Nelly Uchendu, Mikel Obi, Victor Moses, Osaze Odemwingie and Emmanuel Emenike. Others are MI Abaga, D’Banj, PSquare, Rita Dominic, Ini Edo, Flavour, Wizkid, Davido, Basketmouth, Gordons, I go Dye, Juliet Ibrahim, Matter Ankomah, Joselyn Dumas, Michael Essien, former World Heavyweight Boxing Champion, Anthony Joshua and track queen, Tobi Amusan.

MORE LIFE CHANGING PROMOTIONS

One area where Globacom has connected with its subscribers and Nigerians generally is loyalty-reward Promos. Over the years, the company has launched series of promos through which different types of empowerment prizes have been won by Nigerians across the country. From Glo Overload to Glo Allawee, Text4Millions, Made for Life, Recharge to Stardom, 180 cars in 180 days, Glo CAF Award promo, Recharge and Win Big popularly known as My Own Don Beta, Everyday Bonanza, and Joy Unlimited Extravaganza, Nigerians have benefitted massively from Globacom and many have been empowered through the Glo promos.

Between October, 2021, and January, 2022, Globacom held a life-changing promotion called Joy Unlimited Extravaganza. Thousands of Glo subscribers won brand new Kia Rio cars, refrigerators, television sets and generators across the country. Altogether, 500,000 prizes were given out.

Glo’s phenomenal impact extends to hosting of comedy shows and encouragement of footballers to further their careers, not only in Nigeria, but across the West African suburb

In 2019, the brand’s sponsored comedy show, Bovi Man on Fire, was held in Warri, Delta State. The show was described by many as a perfect way to celebrate Easter. Not only that, the company delighted its subscribers with free tickets to attend the fun-filled event anchored by ace comedian, Bovi Ugboma. Other humour merchants that graced the show were Kelvin Sapp, Young Chief Odogwu, MC Shakara and Mr. Flexy.

In 2023 alone, Glo launched Glo Green Lotto, a service aimed at enhancing the opportunities for its gaming subscribers to play and win; partnered with PalmPay, to launch a new marketing initiative tagged: “PalmPay Bonanza – Recharge Glo and Win,” which offers Nigerians who buy Glo data and airtime bundles via the PalmPay platform, the chance to win fantastic prizes, and sponsored the African Voices Changemakers.

In 21 years of only humanitarian touch, Glo has become a symbol of glory, and epitomizes growth and development.

Featured

AfDB President, Akinwumi Adesina’s Acceptance Speech

Published

6 hours ago

March 17, 2025

Eric

Speech by Dr. Akinwumi A. Adesina
President and Chairman of the Boards of Directors, African Development Bank Group, At the State House Event on the Conferment of the Chief of the Order of Golden Heart, C.G.H, State House, Nairobi, Kenya, March 17, 2025.

Your Excellency, Dr. William Samoei Ruto, President of the Republic of Kenya, C.G.H.

Your Excellency, Professor Kithure Kindiki, Deputy President of the Republic of Kenya.

Honorable Musalia Mudavadi, Prime Cabinet Secretary,
Honorable Cabinet Secretaries,
Distinguished Ladies and Gentlemen.

Good morning! Habari za Azubuhi.

Your Excellency, President Ruto, I am most grateful for your conferring on me today the prestigious honor of the Chief of the Order of Golden Heart, C.G.H, Kenya’s highest and most distinguished honor.

I am greatly humbled by your incredible kindness!

What a great honor! What a rare privilege! What a historic recognition!

Thank you, thank you, and thank you, Your Excellency, Mr. President.

It is such a joy to be back here, with my dear wife Grace, in Kenya, a nation that I love, and to be in the State House, with a President who is a dear brother and friend. They say home is where your heart will always be.

I consider Kenya as my home. Afterall, I lived and worked here in this beautiful country for about 9 years, starting from my days working with the Rockefeller Foundation and the Alliance for Green Revolution in Africa (AGRA). I have been back ever since, so I can claim to have been working in and on Kenya for at least 20 years.

The friendship between myself and President Ruto goes way back over those 20 years. As we say in Kenya, “Tumetoka Mbali” – we have come from far.”
Yes, we have come from far since Mr. President you were a much younger Minister of Agriculture, under the then government of President Mwai Kibaki. Your predecessor, former President Kenyatta, was then the Deputy Prime Minister and Minister of Finance.

I recall the very frequent and engaging discussions between us on how to improve the quality of lives of Kenyans. From seminars to workshops and conferences, we engaged intensely. I was not just working in Kenya, I was a Kenyan by mind, heart and soul, as I immersed myself in Kenya.

I remember that when I was later appointed as the Minister of agriculture in Nigeria, I came along with President Goodluck Jonathan on a State visit to Kenya. President Kenyatta and yourself, as then Deputy President, received us at the Jomo Kenyatta airport. As President Jonathan was making introductions of his ministers and got to me, he introduced me as “Minister of Agriculture of Nigeria.” President Kenyatta said “Yes, I know him. He is the Kenyan on loan to the Nigerian government!” We all busted out laughing (Laugh).

Of course, he was right, for even when I was appointed Nigeria’s Minister of Agriculture, I appointed Maria Mulindi, a Kenyan, as my Chief of Staff.

I worked everywhere in Kenya and have such great memories. From my praying and preaching at the Nairobi Pentecostal Church Valley Road (with Bishop Boniface Adoyo, Bishop Oginde and many others) to small family prayer groups with my Kenyan friends, to working with farmers and schools across Kenya.

From working with a friend of mine (Robert Mbugua) speaking across high schools to encourage and inspire the youth, to supporting research institutions including the Kenyan Agricultural Research Institute, the African Economic Research Consortium (with Dr. Harris Mule and Prof. Willis Oluoch-Kosura, Prof Chris Ackello Ogutu and Dr. Gem Argwings-Kodhek), to working with corporate giants such as Chris Kirubi who owned the International House, and Vimal Shah, of BIDCO Oil Refineries.

From working to support girls education with the Forum for Women Educationalists in Africa (with Dr. Edda Gachukia and Dr. Ruth Kagia) to working to improve the lives of farmers across the farms from Bungoma, to Eldoret, Kisi, and across the Rift Valley.
From working with the Kenyan Agricultural Research Institute (KARI) to develop new technologies, to working on the farms in Muranga with Dr. Florence Wambugu, to scale up the uptake of tissue culture bananas by farmers.

I recall my work launching the development of agro-dealer networks across Kenya (with Dr. Caleb Wangia of the Agricultural Market Development Trust (AGMARK), as we rapidly expanded availability of farm input traders across Kenya.

I was so driven and so much wanted things to change positively for Kenyans. I was very concerned then about the millions of poor farmers in Kenya who were begging for food and had no access to seeds or fertilizers. I wanted to see a national program to provide subsidized seeds and fertilizers for poor farmers across Kenya.
The then PS of agriculture, Dr. Romano Kiome, and then Minister of Agriculture, Kipruto Arap Kirwa, became allies and agreed.

But it was not a popular move. Several donors were unhappy with me at the time for trying to push for subsidies for farmers, including my own office, The Rockefeller Foundation. I was even told that if I did not back off, I could lose my job. I was undeterred, as I said, “if trying to help poor people is the reason for losing my job, I cannot think of a more honorable way to lose a job: fighting for the poor.”

I recall going to one meeting of donors at the time to push for this, and as soon I raised the issue, the chair of the session (a Kenyan who worked then for the World Bank by the name Daniel) simply said, “next agenda item please.” I retorted that “if I had been the Minister of Foreign Affairs, I would have sent you all packing for spending your time on beaches and not even having a heart for the poor people in Kenya.”

When William Ruto was appointed as the agriculture minister, I asked for a meeting. You need to know something about this man, then Minister Ruto, now President Ruto: he is a man of action. He is relentless. And he will push until he gets things done. He did not wait for me to visit with him at the Kilimo House, he made his way to my office, and we met at 7.30 am. That was how we developed and rolled out the Kilimo Plus program to provide subsidized farm inputs for over 2.5 million poor farmers in the country.

I recall while at AGRA how I developed and rolled out the Kilimo Biashara program, which provided financial guarantee facilities that reduced the risk of lending by commercial banks in Kenya to farmers. It worked so well that it supported Banks such as the Equity Bank (working with James Mwangi) to rapidly expand their lending to the agriculture sector, from its humble beginning, to becoming what it is today, of which I am very proud.

I recall my work with Kenyan colleagues as we developed at the time what was called the Kenyan Agricultural Commodity Exchange (with Adrian Mukhibi, Albert Wessonga) to provide market price information for farmers in the country, using their mobile phones. I remember our working with the Mayor of Bungoma at the time to set up the commodity exchange in Chewele market so farmers could bulk their maize and sell based on grade and quality at the exchange, working at the time with SACRED Africa, an NGO based in Bungoma (with Dr. Eusebius Mukhwana, who later became a Senator).

It worked so well, as middlemen could not rip off farmers anymore. In fact, it worked so well, that some disgruntled middlemen vandalized some of the commodity exchange Kiosks. One day, Mr. Kofi Annan, then former United Nations Secretary General, who was at the time the Chairman of the Board of AGRA, visited Chewele. He was so amazed, as he used his mobile phone to make orders via the exchange; he turned to me and said, “this is the Chicago Board of Exchange in a village in Kenya.”

I tried so hard to be Kenyan, so much so that I started running in the Jaffrey Center, early mornings and weekends. If only I could run like those long-distance runners of Kenya, maybe I could become a Kenyan! I failed, as I could not keep up with them. So, I told myself, let me just stick with being a Nigerian, at least I know that Nigeria can always defeat Kenya in football.

As President of the African Development Bank, I am proud that my colleagues and I have been running with Kenya and scoring development goals with Kenya. Kenya has a special place in the history of the African Development Bank since its establishment in 1964. The very first project ever financed by the African Development Bank was right here in Kenya in 1967, that’s 58 years ago.
The first one links Eldoret to Tororo in Uganda, laying the foundation for a transport infrastructure that drives commerce between countries of the Great Lakes and the Indian Ocean regions. The second road, which connects Nairobi to Kilimanjaro region in Tanzania, has become a major trunk road for commerce and tourism between both countries.
Since 1964, the Bank has financed a total of 167 projects, with financial commitment of $7.8 billion.

But I am especially proud of what we have done in and for Kenya over the past ten years since I was first elected President of the African Development Bank in 2015. Since I was elected President, the Bank has financed a total of 57 projects, with total financing commitment of $4.44 billion. That means we did in the past ten years (under my Presidency) 57% of all the African Development Bank has invested in Kenya for over the past 60 years!

That must tell you how special Kenya is to me!

The African Development Bank’s current portfolio consists of 45 projects worth $4.09 billion. And these projects are having huge impacts across Kenya.

For example, the Bank-supported Last-Mile Connectivity electricity project has helped to increase the population of Kenyans connected to the national electricity grid from 41% in 2014 to 76% in 2024. Put simply, electricity connections increased from 2.42 million households to 9.7 million households.

Many of you may not know that the Bank made this happen. You are not alone! On one of my field trips to the Rift Valley together with Cabinet Secretary minister at the time, Charles Keter, we walked down a dusty road in one of the villages that benefited from the last mile connectivity project. Right in front of us was an elderly woman whose name was Grace (not Grace, my wife!). She was asked by the Cabinet Secretary if she knows that the African Development Bank funded the connection of her village and household to electricity. She said, “I do not know the African Development Bank.” When further asked if she knows Dr. Adesina, President of the African Development Bank. She said “No, I do not know him, where is he?” Of course, I was beside her! She then said, “all I know is that we once were in darkness, now we have light!” (laugh).

With Kenya participating in the Mission 300 launched by the African Development Bank and the World Bank to connect 300 million people to electricity by 2030, Kenya is definitely on course to achieving 100% access to electricity by 2030. Ninaamini Tutatoboa!

The African Development Bank financed and was the Mandated Lead Arranger for the 310 megawatts Lake Turkana Project, which is the largest wind farm in Africa. The Bank also financed the 105 megawatts Menengai Geothermal power plant, further advancing Kenya’s leadership in geothermal development in Africa. For power transmission, the Bank provided $105.5 million for the recently completed Ethiopia-Kenya electricity highway project.

The African Development Bank is supporting several road and transport projects that are improving regional connectivity, trade and reducing travel costs for the population. Let me mention a few.
Take for example, right here in Nairobi, the Bank provided $106.7 million for the rehabilitation of the 13 kilometers Nairobi Outer Ring Road, turning it from a single lane to a dual carriageway, including service roads, grade separated intersections, pedestrian foot over-bridges, walkways and bicycle lanes, while providing secondary access to the Jomo Kenyatta International Airport.

The Bank co-financed with $175 million the expansion of the Thika-Nairobi road, expanding it into a six and eight lane highway. This has drastically reduced travel time from 2-3 hours to just 30-45 minutes.
The Bank has approved $852 million for on-going regional integration operations in Kenya. This includes the Bagamoyo-Tanga-Horohoro-/Lunga-Malindi road connecting Kenya and Tanzania. We are supporting the Kapchorwa-Suam-Kitale road project connecting Kenya and Uganda, as well as the Lesseru-Kitale roads project connecting Kenya and South Sudan.

The Bank financed the construction of the Addis-Ababa-Nairobi-Mombasa Highway that has reduced the travel time between Ethiopia and Kenya from 3 days to less than 24 hours and has helped to expand the trade between the two countries by 400%.

The Bank co-financed the dualization of the 84 kilometers Kenol-Sagna-Marua Highway, part of the Kenya section of the Trans-Africa Highway running from Cape to Cairo. Our support of $31million for the Timboroa-Eldoret Road Rehabilitation Project, part of the Northern Corridor, provides transit routes connecting Kenya, Uganda, Rwanda, Burundi, Eastern Congo and Southern Sudan.

President Ruto is passionate also about water and sanitation. When I visited with him in May, when Kenya graciously hosted the Bank’s Annual Meetings in 2024, he passionately requested the Bank’s expanded support for water and sanitation. Mr. President, I am pleased that the Bank is providing $634 million towards the Kenya Town’s Sustainable Water Supply and Sanitation. This includes Euros 314.92 million for the construction of the Thwake Multipurpose Water Dam, expected to be completed by July 2026. When completed it will provide 150,000 cubic meters of water per day to about 1.3 million people in Kitui and Makueni counties, as well as the Konza Techno-City in Machakos County.

The Bank is strongly supporting the private sector in Kenya. This includes the provision of over $700 million in lines of credit to more than 8 commercial banks, including Equity Bank Group, Kenya Commercial Bank, Diamond Trust Bank, Credit Bank, Commercial Bank of Africa, Family Bank and the Kenyan Mortgage Refinance Company.

I know that Kenya faces a huge challenge with high unemployment for its youth, as manifested in several youth riots that shook Kenya. Unemployment is especially high among Kenya’s well-educated youth. They demand support for skills upgrade, finance to build their businesses, and social protection, as well as inclusion in governance systems.

To support the youth of Kenya, the African Development Bank is providing $309 million for 8 on-going projects targeting skills development for the youth. This includes support for technical and vocational education that has already benefitted 88,000 trainees.

The African Development Bank’s flagship program in support of financing for women, the Affirmative Finance Action for Women in Africa (AFAWA) has provided a total of $177 million in loans for 3,177 women-owned businesses.

One of such young women entrepreneurs is Pauline Otila, the CEO of Apiculture Ventures, one of the fastest growing businesses in Kenya’s honey industry. With support received from AFAWA, right here in Kenya, Pauline has tripled her business and grew her beekeepers’ supply network from 1,200 to 10,000 beekeepers. Today, Pauline is one of the leaders in Kenya’s male-dominated beekeeping industry, showing how when women are supported they thrive. In her own words “women are bankable, if given a chance.”

I fully agree. No bird can fly with one wing. I am convinced that when women win, Kenya wins! When women win, Africa wins!
Yes, challenges may be there today, but let’s keep hope alive.

Kenya will grow. Kenya will thrive. Kenya will prosper.

I believe the future will be bright for the youth of Kenya!

That is why the African Development Bank is currently preparing for our Board’s approval, financial support to Kenya, for the establishment of Youth Entrepreneurship Investment Bank of Kenya. This will be a stand-alone financial institution, that will be 100% dedicated to providing technical assistance, debt and equity financing for the businesses of the youth of Kenya. When I earlier discussed this with President Ruto, as we both were at an airport lounge in Dubai, both of us coming from different tips, he said to me “Adesina. I want this in Kenya like yesterday.” And true to his words, within 48 hours, I received a formal letter of request from President Ruto for the African Development Bank to support the establishment of the Youth Entrepreneurship Investment Bank of Kenya.

To the youths of Kenya, you are not alone. The African Development Bank and our partners will work to boost opportunities for the youth in Kenya. Working with President Ruto and the Government of Kenya, the goal is simple: build youth-based wealth in Kenya.

So, as you can see, my heart has always been in Kenya. I am therefore immensely honored that President Ruto, you are conferring on me Kenya’s highest and most distinguished honor, the Chief of the Order of the Golden Heart, CGH. My heart is here, but you made it even better: you added Gold to my Heart!

Thank you President Ruto. Thank you, Kenya!

This an honor that I will cherish for life. It will be a constant reminder that the country I love so much, Kenya, loves me back, appreciates and celebrates my leadership at the African Development Bank, and values and honors the incredible contributions of the Bank to its development.

On behalf of my dear wife, Grace, the Board of Directors, Management and Staff of the African Development Bank, and on my own behalf, I accept this honor with great humility.

May God bless you, my dear brother, President Ruto.

Asante Sana Mheshimiwa Rais Ruto.

May God bless the good people of Kenya.

Mungu aibariki Kenya.

God bless Africa.

Mungu aibariki Afrika.

With all my heart, now the Golden Heart!

Thank you so very much.

Asante Sana!

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Rivers Assembly Accuses Fubara, Deputy of Gross Misconduct, Gives Governor 14 Days to Respond

Published

15 hours ago

March 17, 2025

Eric

The Rivers State House of Assembly has accused Governor Siminalayi Fubara and his deputy Ngozi Odu of gross misconduct.

Twenty-six members of the Assembly raised the allegation in a notice sent to the speaker Martin Amaewhule and obtained by Channels Television.

They said the action was “in compliance with Section 188 of the Constitution of the Federal Republic of Nigeria, 1999 (as amended) and other extant laws”.

The lawmakers accused Fubara among other things of reckless and unconstitutional expenditure of public funds, hindering or obstructing the Rivers State House of Assembly which is another arm of the government, and the appointment of persons to occupy offices/positions in the Rivers State Government without allowing for the requirement of screening and confirmation.

Other accusations against the Rivers governor include the seizure of salaries, allowances, and funds standing to the credit of the legitimate Rivers State House of Assembly and the seizure of the salary of the Clerk of the Rivers State House of Assembly Emeka Amadi.

They also accused Odu of “conniving and supporting the illegal appointment of persons to occupy offices/positions in the Rivers State Government without allowing for the requirement of screening and confirmation”.

Upon receipt of the notice, Amaewhule forwarded the same to Governor Fubara and said the allegation was raised by “not less than one-third (1/3) of the membership of the Rivers State House of Assembly”.

Speaker Amaewhule asked Fubara to “reply to the allegations made against you in the said ‘Notice of Allegations of Gross Misconduct’ accordingly”.

“In doing this, your attention is drawn to the provisions of Section 188(3) of the Constitution of the Federal Republic of Nigeria, 1999 (as amended), which provides thus: ‘Within 14 days of the presentation of the notice to the Speaker of the House of Assembly (whether or not any statement made by holder of the office in reply to the allegation contained in the notice) the House of Assembly shall resolve by motion, without any debate whether or not the allegation shall be investigated’,” the speaker said in a letter sent to Fubara.

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‘Corper’ Who Called Tinubu ‘Terrible’ Risks Service Extention

Published

17 hours ago

March 17, 2025

Eric

There are statutory reasons to suggest that a Lagos-based member of the National Youth Service Corps (NYSC), Ushie Uguamaye, might have her service year extended by 30 days with half pay as punishment for criticising the administration of President Bola Tinubu, a conduct adjudged as a violation of the NYSC Bye Laws (Revised 2011).

Recently, Uguamaye, known on TikTok as @talktoraye, shared a video in which she called out the Tinubu administration over the economic hardship Nigerians have faced since it was sworn-in.

In another TikTok video, the young lady claimed that she was threatened on the phone by an official of the National Youth Service Corps (NYSC) for the video criticising the president.

She also shared a screenshot of a message allegedly received from NYSC officials summoning her to report to the Eti-Osa Local Government office on Monday.

According to Uguamaye, she fears for her life because she has also been receiving threats from anonymous persons after her video went viral.

The first video shared by Uguamaye may have contravened the NYSC Bye-Laws (Revised 2011), the section which says corps members are “not be rude to constituted authority” during primary assignments.

It reads: “Any member who is rude to constituted authority shall be tried by the Corps Disciplinary Committee and, if found guilty, be liable to extension of service for a period not less than thirty (30) days with half pay.”

Meanwhile, no official statement from NYSC has been received yet.