Business
Africa’s Moment at the G20: From Margin to Mainstage
Africa’s Moment at the G20: From Margin to Mainstage.
By George Omagbemi Sylvester | Published by SaharaWeeklyNG.com
“How South Africa put the continent’s development at the centre of a historic summit and why the world cannot afford to look away.”
For decades Africa has been discussed at global gatherings as an addendum to other priorities, a footnote in communiqués, a sidebar at finance tables, a line-item in aid budgets. This week, under South Africa’s stewardship, that CALCULATING COMPLACENCY was CHALLENGED. For the first time in the Group of Twenty’s history, the G20 Leaders’ Summit convened on African soil (in Johannesburg on 22–23 November 2025) and with that simple fact the political geometry of global development shifted. The summit did not merely symbolically recognise Africa; South Africa used the platform to insist that Africa’s success is an indispensable engine of global stability, prosperity and sustainability.
This was not window dressing. Pretoria arrived with a clear, UNAPOLOGETIC PLAYBOOK: put debt, disaster resilience, green transition finance and inclusive growth at the top of the agenda; insist on concrete instruments that re-calibrate the global financial architecture in ways that favour developing countries; and compel the G20 to reckon publicly with the reality that a rising Africa is not charity; it is mutual interest. President Cyril Ramaphosa opened the Summit invoking Ubuntu (“I am because we are”) and framed Africa’s priority as existential to the G20’s mission of global stability and shared prosperity. That framing was not rhetorical flourish; it was an organising principle for a summit whose declaration and accompanying ministerial statements placed Africa-centred solutions at the centre of actionable commitments.
Why this matters is straightforward and urgent. Africa is home to the world’s youngest and fastest-growing workforce, vast arable land, and some of the largest untapped renewable-energy resources. Ignoring these assets is not merely unjust – it is self-defeating. The continent accounts for a disproportionate share of unmet infrastructure needs, climatically vulnerable populations and accelerating debt-service burdens that crowd out spending on health, education and industrialisation. Unless the international system changes how it finances development (and unless private capital is convincingly mobilised alongside smarter public instruments) Africa’s demographic dividend will risk becoming a global liability instead of an opportunity. The South African Presidency’s Africa Expert Panel and the accompanying reports handed to G20 leaders served as a precise roadmap for that transformation.
South Africa’s presidency pressed for PRAGMATIC TOOLS, not PLATITUDES. Among the priority asks were a G20-backed debt-refinancing or debt-resilience mechanism coordinated with the IMF and World Bank; a much larger, predictable pipeline for blended concessional finance to crowd in private investment; and strengthened disaster-risk financing and early-response capacity to protect vulnerable economies from climate shocks. These are not boutique recommendations. They are fundamental fixes to a system that has long treated Africa’s finance needs as episodic crises rather than predictable structural deficits. The G20 Finance Track and ministerial communiqués in 2025 explicitly addressed these themes — a tangible sign that the conversation has moved from moral exhortation to institutional design.
The summit also produced hard political theatre – proof that South Africa was willing to use the G20’s spotlight to TEST ENTRENCHED POWER DYNAMICS. The adoption of a leaders declaration on the opening day, and the content of that declaration, exposed genuine fault lines among the world’s leading economies on how far to go in rebalancing the rules of global finance and climate responsibility. The contestation underscored an uncomfortable truth: reordering global norms for fairness will be as much a political struggle as a technical exercise. Yet the mere fact that these issues were negotiated in Johannesburg (with African priorities front and centre) is a strategic victory.
Voices with gravitas reinforced South Africa’s case. António Guterres, the UN Secretary-General, commended the Summit’s theme and urged leaders to confront inequality and accelerate renewable-energy deployment in Africa; Akinwumi Adesina, president of the African Development Bank, has long argued that Africa can be pivotal for global growth if capital is redirected toward productive investment on the continent. Scholars and policy experts (from Masood Ahmed to leading think-tanks and the AfDB itself) have repeatedly warned that without predictable, affordable financing and better debt architecture, African countries face chronic underinvestment in human capital and infrastructure. Those warnings were woven into the Summit’s policy fabric, not left on the sidelines.
But rhetoric and report pages will not, on their own, produce change. The litmus test for Johannesburg’s legacy will be implementation: will the G20 convert words into new instruments that lower the cost of capital for African projects, underwrite early-warning systems for climate disasters, operationalise debt-refinancing facilities, and create measurable channels that crowd private investment into bankable African projects? South Africa has set the agenda; now the INSTITUTIONAL HEAVY LIFTING must follow. That requires transparent timelines, independent monitoring, and the political courage to deploy concessional resources in ways that catalyse (not substitute for) private investment. The Africa Expert Panel’s proposals provide that scaffolding; the G20 and its member institutions must now build.
There are inevitable skeptics. Some will say the G20 is a flawed vehicle for structural reform; that it privileges geopolitics over development, short-term optics over long-term system change. Yet this critique misses a simple fact: global governance institutions only change when coalitions force them to. South Africa’s leadership in bringing the G20 to the continent and insisting on an Africa-first policy prescription demonstrates how leadership, moral clarity and diplomatic skill can generate a political opening. The question now is whether other members will match rhetoric with resources and reforms. If they do not, the failure will be not of South Africa’s resolve but of global will.
For Africans, the Johannesburg summit should be a moment of tempered optimism – not complacency. The G20’s new focus on debt sustainability, green finance, and pipeline development offers a rare alignment between technical options and political opportunity. But Africa’s leaders must also match international action with domestic reform: better project preparation, stronger institutions, transparent procurement, and regional integration that creates scale for investment. When African governments pair disciplined governance with a reformed global system of finance, the continent’s transformation will accelerate. In short: the G20 can open the door – but Africa must walk through it with purpose.
This is South Africa’s historic gift to the continent and to the world: a blunt, unambiguous reminder that Africa’s fortunes are not peripheral. They are central to a just and prosperous global order. The Johannesburg summit has set a precedent – a test of whether the world’s most powerful economies will finally act in concert to make that centrality real. If the commitments made here are followed by concrete instruments, predictable finance and honest political follow-through, we will look back on this moment as the pivot from a world that talked about Africa to one that invested in Africa’s future. If not, history will record a missed opportunity of global consequence.
Africa’s success is not a REGIONAL FAVOUR; it is a GLOBAL IMPERATIVE. South Africa has, in Johannesburg, placed that imperative on the G20’s table. Now the hard work begins: to convert WORDS into CAPITAL, PLANS into PROJECTS, and PROMISES into MEASURABLE PROGRESS. The lives and livelihoods of millions depend on the answer.
Business
Nigeria’s Inflation Drops to 15.10% as NBS Reports Deflationary Trend
Nigeria’s headline inflation rate declined to 15.10 per cent in January 2026, marking a significant drop from 27.61 per cent recorded in January 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics.
The report also showed that month-on-month inflation recorded a deflationary trend of –2.88 per cent, representing a 3.42 percentage-point decrease compared to December 2025. Analysts say the development signals easing price pressures across key sectors of the economy.
Food inflation stood at 8.89 per cent year-on-year, down from 29.63 per cent in January 2025. On a month-on-month basis, food prices declined by 6.02 per cent, reflecting lower costs in several staple commodities.
The data suggests a sustained downward trajectory in inflation over the past 12 months, pointing to improving macroeconomic stability.
The administration of President Bola Ahmed Tinubu has consistently attributed recent economic adjustments to ongoing fiscal and monetary reforms aimed at stabilising prices, boosting agricultural output, and strengthening domestic supply chains.
Economic analysts note that while the latest figures indicate progress, sustaining the downward trend will depend on continued policy discipline, exchange rate stability, and improvements in food production and distribution.
The January report provides one of the clearest indications yet that inflationary pressures, which surged in early 2025, may be moderating.
Bank
Alpha Morgan to Host 19th Economic Review Webinar
Alpha Morgan to Host 19th Economic Review Webinar
In an economy shaped by constant shifts, the edge often belongs to those with the right information.
On Wednesday, February 25, 2026, Alpha Morgan Bank will host the 19th edition of its Economic Review Webinar, a high-level thought leadership session designed to equip businesses, investors, and individuals with timely financial and economic insight.
The session, which will hold live on Zoom at 10:00am WAT and will feature economist Bismarck Rewane, who will examine the key signals influencing Nigeria’s economic direction in 2026, including policy trends, market movements, and global developments shaping the local landscape.
With a consistent track record of delivering clarity in uncertain times, the Alpha Morgan Economic Review continues to provide practical context for decision-making in a dynamic environment.
Registration for the 19th Alpha Morgan Economic Review is free and can be completed via https://bit.ly/registeramerseries19
It is a bi-monthly platform that is open to the public and is held virtually.
Visit www.alphamorganbank to know more.
Business
GTBank Launches Quick Airtime Loan at 2.95%
GTBank Launches Quick Airtime Loan at 2.95%
Guaranty Trust Bank Ltd (GTBank), the flagship banking franchise of GTCO Plc, Africa’s leading financial services group, today announced the launch of Quick Airtime Loan, an innovative digital solution that gives customers instant access to airtime when they run out of call credit and have limited funds in their bank accounts, ensuring customers can stay connected when it matters most.
In today’s always-on world, running out of airtime is more than a minor inconvenience. It can mean missed opportunities, disrupted plans, and lost connections, often at the very moment when funds are tight, and options are limited. Quick Airtime Loan was created to solve this problem, offering customers instant access to airtime on credit, directly from their bank. With Quick Airtime Loan, eligible GTBank customers can access from ₦100 and up to ₦10,000 by dialing *737*90#. Available across all major mobile networks in Nigeria, the service will soon expand to include data loans, further strengthening its proposition as a reliable on-demand platform.
For years, the airtime credit market has been dominated by Telcos, where charges for this service are at 15%. GTBank is now changing the narrative by offering a customer-centric, bank-led digital alternative priced at 2.95%. Built on transparency, convenience and affordability, Quick Airtime Loan has the potential to broaden access to airtime, deliver meaningful cost savings for millions of Nigerians, and redefine how financial services show up in everyday life, not just in banking moments.
Commenting on the product launch, Miriam Olusanya, Managing Director of Guaranty Trust Bank Ltd, said: “Quick Airtime Loan reflects GTBank’s continued focus on delivering digital solutions that are relevant, accessible, and built around real customer needs. The solution underscores the power of a connected financial ecosystem, combining GTBank’s digital reach and lending expertise with the capabilities of HabariPay to deliver a smooth, end-to-end experience. By leveraging unique strengths across the Group, we are able to accelerate innovation, strengthen execution, and deliver a more integrated customer experience across all our service channels.”
Importantly, Quick Airtime Loan highlights GTCO’s evolution as a fully diversified financial services group. Leveraging HabariPay’s Squad, the solution reinforces the Group’s ecosystem proposition by bringing together banking, payment technology, and digital channels to deliver intuitive, one-stop experiences for customers.
With this new product launch, Guaranty Trust Bank is extending its legacy of pioneering digital-first solutions that have redefined customer access to financial services across the industry, building on the proven strength of its widely adopted QuickCredit offering and the convenience of the Bank’s iconic *737# USSD Banking platform.
About Guaranty Trust Bank
Guaranty Trust Bank (GTBank) is the flagship banking franchise of GTCO Plc, a leading financial services group with a strong presence across Africa and the United Kingdom. The Bank is widely recognized for its leadership in digital banking, customer experience, and innovative financial solutions that deliver value to individuals, businesses, and communities.
About HabariPay
HabariPay is the payments fintech subsidiary of GTCO Plc, focused on enabling fast, secure, and accessible digital payments for individuals and businesses. By integrating payments and digital technology, HabariPay supports innovative services that make everyday financial interactions simpler and more seamless.
Enquiries:
GTCO
Group Corporate Communication
[email protected]
+234-1-2715227
www.gtcoplc.com
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