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Can aid be reimagined to deliver meaningful value? {Business Africa}

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Massive aid cuts announced by Washington have prompted panic in African capitals, but also questions on whether foreign aid has transformed low-income countries in any meaningful ways economically.

In Africa, criticism of aid being more about donor interest  and less about delivering value for the recipient is as old as aid itself. Yet countries still accept tokens and fret when they are cut or frozen.

Per its own figures, the United States spent $72bn in foreign aid in 2023, more than $40bn of which was administered by USAid.

That year, the largest sector spend of all foreign aid was ‘economic development’ at $19.4bn, most of which went to Ukraine.

In Africa, Ethiopia and Egypt took the biggest slice, sharing $3.2bn between them.

My guest this week is Theo Acheampong, an economist and political risk analyst. He argues that strategic investments, fairer trade, concessional finance, and not aid will bring structural economic change in developing countries.

Africa Energy Bank

Petroleum Producers Nigeria, Libya and Angola have teamed up to launch a bank to finance oil and gas projects snubbed by western lenders using climate change an excuse.

The Africa Energy bank is a bold endeavor by African leaders tired of begging for western investment to power a continent  with massive energy needs.

According to the International Energy Agency, 600 million people, or 43% of the total population, lack access to electricity, with the majority residing in Sub-Saharan Africa.

Cooperatives give Morocco’s women farmers a platform

Cooperatives in northern Morocco are helping women farmers access capital, add value to their produce,  and challenge stereotypes.

Despite making up over 50% of the agricultural workforce, Morocco’s women still struggle for a voice.



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Africa

Unprecedented trial for apartheid atrocities opens in South Africa

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A significant step by South Africa’s legal system in confronting the atrocities of the country’s dark political past. 

A judge this week approved the trial of two apartheid-era police officers for their involvement in the 1982 assassination of three student activists.

The prosecution is unprecedented. Until now, no individual had been held accountable for the crime of apartheid.

The case centers around three young freedome fighters killed in an explosion in 1982. The victims were part of a resistance movement opposed to the apartheid regime which enforced White-only rule and domination over the Black majority.

Experts say the trial could open the door for others.

Also this week, South Africa reopened an investigation into the death Albert Luthuli, a former president of the African National Congress (ANC) and Nobel Peace Prize laureate, who was killed in 1967.

The prosecuting authority seeks to have the findings of previous inquests into Luthuli overturned.

The authorities at the time had concluded that Luthuli’s death the result of an accident.

The development comes more than 30 years since South Africa became a democracy and after a Truth commission unearted numerous atrocities.



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Tunisia jails opponents, critics of President Saied

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Tunisia on Friday handed opponents of President Kais Saied lengthy jail terms after convicting them of plotting against state security.

Issam Chebbi and Jawhar Ben Mbarek of the opposition National Salvation Front coalition, as well as lawyer Ridha Belhaj and activist Chaima Issa, were sentenced to 18 years behind bars, their lawyer said.

Businessman Kamel Eltaief received the harshest penalty of 66 years in prison.

They are among forty people, including high-profile politicians, businessmen and journalists, who who were being prosecuted on security and terrorism charges.

Critics say the charges lacked merit, and only served to consolidate Saied’s power grab.

The president won re-election virtually unchallenged last year after the jailing or disqualification on flimsy grounds of his opponents.

Saied has ruled mostly by decree since dismissing parliament in 2022 and promulgating a revised constitution giving himself wideranging powers in 2023.



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Tanzania opposition says jailed leader not seen by family, lawyers

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Tanzania’s main opposition party said it had failed to get access to its leader who is in detention on treason charges.

CHADEMA said Friday that the family and lawyers of Tundu Lissu had failed to see him at a Dar es salaam jail where he had been kept since his arrest on April 9.

In a statement, the party said it held the Tanzanian government and Prisons Service responsible ble for Lissu’s safety.

The Prisons Service quickly denied that Lissu had been moved from jail.

In a statement, the agency dismissed CHADEMA’s concerns as misinformation.

“We would like to inform the public that Tundu Lissu is safe and he is still detained at Keko Prison in Dar es Salaam according to the country’s laws and procedures,” the Service said in a statement.

Lissu came second in Tanzania’s 2020 presidential election. Last week, he was arrested and later charged with treason after a speech demanding election reforms.

Prosecutors said the speech called for an uprising.

With another presidential vote on the horizon, critics say President Samia Suluhu Hassan’s government has ramped repression against the opposition.

This week, the election commission banned CHADEMA from taking part in elections after the party refused to sign a document pledging to obey the commission’s orders.



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