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Not Happening: Twitter CEO debunks stories of Elon Musk joining company board

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Stories of billionaire Tesla Chief Executive Officer Elon Musk being on the board of Twitter after purchasing 73.5 million shares or 9.2 percent of the company’s common stock to become its largest shareholder, has been debunked by the social media company CEO Parag Agrawal.

In a statement on Sunday, Agrawal said though Musk is the firm’s biggest shareholder, he has decided not to join its board.

“Elon has decided not to join our board. Elon’s appointment to the board was to become officially effective 4/9, but Elon shared that same morning he will no longer be joining the board. I believe this is for the best.

“Elon is our biggest shareholder and we will remain open to his input,” Agrawal said.

The statement was a reversal of a previous statement barely a week ago, by the Twitter CEO who had announced that the billionaire tech entrepreneur had been appointed to join the Twitter board.

Agrawal had announced on Tuesday that Musk would be joining the board, describing him as “a passionate believer and intense critic of the service which is exactly what we need”.

Musk himself had tweeted that he was “Looking forward to working with Parag & Twitter board to make significant improvements to Twitter in coming months!”

But that is no longer happening as Musk has pulled out of joining the board without preferring any reason.

In less than two weeks since his purchase of the Twitter shares, Musk who is known for his outspoken nature, has polarised opinions, with the earlier announcement that he was joining the board sparking misgiving among some Twitter employees.

The SpaceX founder and Tesla CEO’s decision not to join the Twitter board came after he tweeted on Saturday asking whether the social media network was “dying” and to call out users such as singer Justin Bieber, who are highly followed but rarely post in the platform.

“Most of these ‘top’ accounts tweet rarely and post very little content. Is Twitter dying?” Musk wrote, captioning a list of the 10 profiles with the most followers which includes himself at number eight, with 81 million followers.

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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