The African Development Bank is a regional multilateral institution with 78 member countries from Africa and around the world. Its goal is to reduce poverty and improve the quality of life in Africa by providing access to funding for projects that will promote economic and social development.
Newly re-elected Burundi President Pierre Nkurunziza won a very controversial third term last week after months of protests and violence throughout the country. Nkurunziza won 69.41 percent of the vote while his nearest rival took 18.99 percent. Nkurunziza announced in April 2015 that he would be seeking his third term, creating controversy as many claim the constitution of Burundi as well as the Arusha Peace Agreement limit his presidency to two terms.
The government of Malawi has admitted the country is facing serious security lapses, which are threatening the safety and wellbeing of most citizens and compromising business environments. During the past years, Malawi has experienced a spate of increased criminal activities, with many cases of murder, and armed robberies in banks, supermarkets, residential areas, and of late, religious premises like churches. The government has described the cases as unusual.
The pulling out of major donors from funding Malawi in light of resource mismanagement is negatively affecting the country’s economy. The dire situation has forced local leaders to protest on the streets in an effort to urge President Peter Mutharika’s administration to immediately intervene in the economic crisis.

 

 

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