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Tinubu, 11 Africa leaders sign Dar es Salaam déclaration for Electricity access to 300m Africans by 2030

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President Bola Tinubu has concluded his visit to Dar es Salaam, Tanzania, where he joined other African leaders to participate in the Mission 300 Africa Energy Summit.

Tinubu and his team arrived on Sunday for the two-day summit, hosted by the government of Tanzania, in collaboration with African Union, African Development Bank (AfDB), and World Bank Group.

The declaration, according to a release issued by presidential spokesperson, Bayo Onanuga, focused on providing access to electricity for 300 million people in Africa by 2030.

A high point of the event was the presidential endorsement of the Dar es Salaam Declaration by African leaders at the Julius Nyerere International Convention Centre.

Following the reading of the Declaration, leaders from Nigeria, Chad, Côte d’Ivoire, the Democratic Republic of the Congo, Liberia, Madagascar, Malawi, Mauritania, Niger, Senegal, Tanzania, and Zambia signed the document.

Through the Declaration, the leaders from the 12 countries expressed their commitment to ensuring electricity access for their citizens in the next five years.

The 12 nations planned to achieve the goal through National Energy Compacts, which would identify specific policy measures to address constraints across their energy sectors and set targets based on their unique contexts.

In a speech read by Minister of Power, Adebayo Adelabu, the Nigerian leader lauded AfDB, World Bank Group, and development partners for their collective pledge to bring electricity access to 300 million people in Africa by 2030.

Tinubu called on African leaders to prioritise energy access, emphasising collective action.

The president said in the speech read by the minister, “Let us work together to create a brighter future for our citizens—where every African can access reliable and affordable energy.

“A future where our industries thrive, our economies grow, and our people prosper.”

Tinubu also used the occasion to reaffirm Nigeria’s commitment to providing reliable, affordable, and sustainable electricity to its unelectrified population by 2030.

“This is an ambitious goal, but we can achieve it together,” he said, adding, “As Nigeria’s President, I am committed to making energy access a top priority.”

Detailing the substantial progress Nigeria had made with the support of international development partners, Tinubu acknowledged AfDB’s $1.1 billion, expected to provide electricity for five million people by the end of 2026, while its $200 million in the Nigeria Electrification Project will provide electricity for 500,000 people by the end of 2025.

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International

U.K.–India set to boost bilateral trade by over $34 billion a year

The FTA, which slashes duties on goods including textiles, alcohol and automobiles, was signed Thursday in the presence of Indian Prime Minister Narendra Modi and his UK counterpart, Keir Starmer.

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•Indian Prime Minister Narendra Modi and his UK counterpart, Keir Starmer.

U.K. and India’s bilateral trade is set to get a more than $34 billion annual boost over the long term following their free trade agreement, with the countries’ leaders calling it a “historic” deal.

CNBC reported that the FTA, which slashes duties on goods including textiles, alcohol and automobiles, was signed on Thursday in the presence of Indian Prime Minister Narendra Modi and his UK counterpart, Keir Starmer.

Both sides had finalized the trade pact in May after three years of intense negotiations — marked by thorny issues such as visas, tariff reduction and tax breaks.

Talks gained momentum and both governments accelerated to seal the deal as U.S. President Donald Trump’s tariff threats sent the world in disarray.

The agreement between the world’s fifth and sixth largest economies is expected to boost their bilateral trade by 25.5 billion pounds per year by 2040.

Trade in goods and services stood at over 40 billion pounds in 2024.

The deal offers “huge benefits to both of our countries,” boosting wages, raising living standards and bringing down prices for consumers, Starmer said.

India’s Modi lauded the agreement as “a blueprint for our shared prosperity,” highlighting how Indian goods including textiles, jewelry, agricultural products and engineering items would benefit from a better access to the U.K. market.

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Russian missing plane found in Forest – No Survivors

Amur’s regional governor Vasily Orlov said five children were among those on board and declared three days of mourning.

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Russian officials say 48 people were killed when an Angara Airlines plane went down in a dense forest in the far-eastern Amur region.

The Antonov An-24 plane, carrying 42 passengers and six crew, had left Blagoveshchensk close to the Chinese border and vanished from radar screens as it approached Tynda airport, officials said.

A Russian civil aviation helicopter then spotted burning fuselage from the plane on a remote hillside about 16km (10 miles) from Tynda.

Amur’s regional governor Vasily Orlov said five children were among those on board and declared three days of mourning.

Orlov said that according to preliminary data, there were 43 passengers, including five children, and six crew members on board the plane operated by a Siberian airline.

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International

EU ready to hit US with 21-billion-euro tariff list

He said the goal should be “zero tariffs” and an open market among Canada, the United States, Mexico and Europe.

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MILAN (Reuters) -The European Union has already prepared a list of tariffs worth 21 billion euros ($24.52 billion) on U.S. goods if the two sides fail to reach a trade deal, Italy’s Foreign Minister Antonio Tajani said in a newspaper interview on Monday.

President Donald Trump on Saturday threatened to impose a 30% tariff on imports from Mexico and the EU starting on Aug. 1, after weeks of negotiations with major U.S. trading partners failed to reach a comprehensive deal.

Tajani also told daily Il Messaggero that to help the euro zone economy the European Central Bank should consider a new “quantitative easing” bond-buying-programme, and more interest rate cuts.

The European Union said on Sunday it would extend its suspension of countermeasures to U.S. tariffs until early August and continue to press for a negotiated settlement.

Tajani said the 21-billion-euro package of tariffs the EU has already prepared could be followed by a second set if a deal with the U.S proves impossible.

He added, however, that he was confident that progress could be made in negotiations.

“Tariffs hurt every one, starting with the United States,” he said. “If stock markets fall that puts at risk the pensions and the savings of the Americans.”

He said the goal should be “zero tariffs” and an open market among Canada, the United States, Mexico and Europe.

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