Earlier this month, over 40 African Union (AU) nations signed a binding agreement to curb piracy and other maritime crime on the continent’s coastlines. The meeting in Lomé, Tongo, drew 18 heads of state – considerably more than most African Union meetings – a fact that demonstrates the importance to African leaders of curbing piracy, illegal fishing, and other crime on Africa’s economically endangered coastlines. The deal will establish a maritime security fund, and is also meant to strengthen cooperation and communication between governments.
Falls in economic growth rates do not spell the end of the “Africa Rising” story, but rather provide an opportunity for countries on the continent to regroup, refocus and make themselves more resilient to external shocks, said Uhuru Kenyatta, President of Kenya, on the opening day of the 26th World Economic Forum on Africa, taking place for the first time in Kigali.
Nigeria is considered the economic powerhouse in the West Africa region. As it is popular known, Nigeria is one of Africa's fastest growing economies and boosts the largest population. After the change over of the presidency in May 2015, from Goodluck Jonathan to Muhammadu Buhari, the Nigerian diplomatic mission said it was ready to take practical steps to bolster economic and strategic ties with Russia.