In business this week, Amelia Nakitimbo recaps the highlights from the recently concluded 11th Extraordinary Session of the African Union. The continent’s leaders want a faster pace towards development and one of the means is by reducing or cutting dependence on foreign aid.
READ MORE: African leaders approve sanctions for non-paying AU members### Keeping an eye on global oil prices
Players are closely watching The Organization of the Petroleum Exporting Countries (OEPC) and oil prices. Reuters reports that oil prices dropped sharply on Tuesday amid concerns about rising global supplies as OPEC weighs a possible cut in production. 7 African countries including Nigeria are part of OPEC.
Pregnant does not mean school drop-out
The World Bank has reconsidered a decision to withhold a $300 million education loan to Tanzania. The decision had been triggered by the Tanzanian government’s infamous ban on pregnant school girls from rejoining school even after giving birth. The world institution and the east African nation are working on conditions of reinstating the loan.