The Morning Call
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.
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Liberia: World Bank suspends acccess to "unwithdrawn loans"
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Somalia leader backs Army to take over from African Union
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African Union embraces diverse partnerships at G20 Compact with Africa conference in Berlin
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Support Africa's call for reform of international financial architecture- AU chair tells G20
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AU commission, US state department emphasize commitment to working together
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German president apologizes for colonial-era crimes in Tanzania