Ugandans drink a home-brewed drink known as "Malwa." As the African economy grows, home-brews like Malwa may be on the way out.
[/media-credit] Ugandans drink a home-brewed drink known as “Malwa.” As the African economy grows, home-brews like Malwa may be on the way out.
The most important in this week’s headlines out of and concerning Africa, for those who need help catching up.
This week brings news of a beer merger which impacts consumers in Africa, a change in AGOA trade benefits, and terror in Somalia.
Beer Merger Hints at Economic Change
Anheuser-Busch InBev has agreed to pay $100 Billion for rival SABMiller in Africa. Currently, many Africans drink cheap, home-brewed drinks. Anheuser-Busch sees these people as potential customers, and hopes to cash in on growing African economies.
White House Will Drop Burundi from AGOA
President Obama announced that the White House will drop Burundi from the trade benefits program, Africa Growth and Opportunity Act or AGOA, due to political violence in the country.
The move is seen as punishment for the Burundi government after president, Pierre Nkurunziza changed the country’s constitution to enable him extend his stay in power.
Al-Shabaab Attacks Somali Hotel
A terrorist attack at a hotel in Mogadishu has left 15 dead. Militant group Al-Shabaab has claimed responsibility for the attack, which included car bombs and armed men storming the hotel. Somali Special Forces were deployed to fight the terrorists.