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Musings From Abroad

Ex-Malaysian PM Najib Razak to face probe for stealing

Former Malaysian Prime Minister Najib Razak has been arrested in Kuala Lumpur, state media reported, as part of a probe into alleged theft and money laundering at the 1MDB state investment fund

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Former Malaysian Prime Minister Najib Razak has been arrested in Kuala Lumpur, state media reported, as part of a probe into alleged theft and money laundering at the 1MDB state investment fund.

Najib’s family lawyer told Channel News Asia on Tuesday that the former leader would be charged for his role in the 1MDB scandal the next day.

Earlier on Tuesday, Malaysia’s anti-corruption agency questioned Riza Aziz, the stepson of Najib and a Hollywood film producer.

Alleged corruption at the 1MDB fund helped bring on the unexpected defeat of Najib’s coalition in the May 9 polls. The new government reopened investigations that were stifled while Najib was in office.

Riza was solemn as he arrived at the anti-corruption office and did not speak to reporters.

US investigators say Riza’s company, Red Granite Pictures Inc, used money stolen from 1MDB to finance Hollywood films including the Martin Scorsese-directed The Wolf of Wall Street.

Musings From Abroad

WHO announces second malaria vaccine

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The Director-General of the World Health Organization (WHO), Tedros Adhanom Ghebreyesu has called for the use of a second malaria vaccine to curb the life-threatening disease spread to humans by some mosquitoes.

Tedros made the recommendation during a briefing in Geneva on Monday, recalling that “almost exactly two years ago, WHO recommended the broad use of the world’s first malaria vaccine called R21/Matrix-M.”

Malaria remains one of Africa’s deadliest diseases, killing nearly half a million children under the age of five every year. In July, WHO and some of its partner agencies revealed that around 18 million doses of the first malaria vaccine would be delivered to 12 African countries. The road is now cleared by WHO for the second use of the vaccines.

“Today, it gives me great pleasure to announce that WHO is recommending a second vaccine called R21/Matrix-M to prevent malaria in children at risk of the disease,” Tedros said. R21/Matrix-M, created by the University of Oxford in the United Kingdom, will be accessible by the middle of 2024, with doses costing between $2 and $4.

“WHO is now reviewing the vaccine for prequalification, which is WHO stamp of approval, and will enable GAVI (a global vaccine alliance) and UNICEF to buy the vaccine from manufacturers,” Tedros said.

Adar Poonawalla, CEO of the Serum Institute of India, said it had already produced more than 20 million doses in anticipation of WHO’s recommendation.

“We will ramp it up as per what the demand requirements are,” he said in an interview. “We hope that by the end of 2024, there will be zero mismatches of demand and supply, with our supply coming into the system.”

By 2026, 40–60 million doses of the malaria vaccine will be required annually, and by 2030, 80–100 million doses will be required, according to estimates from the WHO, UNICEF, and Gavi.

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Musings From Abroad

Germany to support ECOWAS with $86 million 

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The Economic Community of West African States (ECOWAS) will receive 81 million euros ($85.9 million) in support from Germany’s Development Ministry for peacekeeping and economic growth.

“The crises in West Africa require regional solutions. In addition to actively mediating in crises, ECOWAS also actively works to prevent crises, according to Development Minister, Svenja Schulze, who met with an ECOWAS delegation on Friday in Berlin.

Germany enjoys a positive reputation in many African countries thanks to its long-standing alliance with nations like Niger and Nigeria, although it has fallen out with the Malian government, which is notorious for its counter-posture to the West. Hundreds of German soldiers are also on missions across the West African sub-region, which has now become a breeding ground for terrorists.

But the case is different when it comes to economic relations. In 2021, German companies invested around $1.6 billion (€1.68 billion) in Africa, which was “encouraging but still far from enough.” In terms of Germany’s total direct foreign investment around the globe, only around 1% ends up in Africa.

China has led the chart for investment into the continent in recent years. While Chinese investment shows the fastest growth, and expanding, the significance of German enterprises for African economies is shrinking.

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