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The McKinsey Global Institute, the research arm of consulting giant McKinsey &Co, has just released its latest report, Lions on the Move: The Progress and Potential of African Economies. The report concludes that “Africa's economic growth is creating substantial new business opportunities that are often overlooked by global companies.
This is a joint posting with Julia Barmeier.
Today, UNESCO’s director-general, Irina Bokova, announced that the UNESCO-Obiang Prize would be suspended so that UNESCO’s executive board can study the situation. The Board will take up the issue again in October. Ms. Bokova released a statement saying:
“I have heard the voices of the many intellectuals, scientists, journalists and of course governments and parliamentarians who have appealed to me to protect and preserve the prestige of the organization. I have come to you with a strong message of alarm and anxiety. I am fully aware that the Executive Board made a decision two years ago (to establish the prize), but I believe that given the changing circumstances and the unprecedented developments of the past months, we must be courageous and recognize our responsibilities for it is our organization that is at stake. Therefore I will not set a date for awarding the UNESCO-Obiang Prize for the Life Sciences.”
This is a joint post with Julia Barmeier.
Tuesday, June 15 marks the last day that the board of the United Nations Educational, Scientific, and Cultural Organization (UNESCO) can object to the UNESCO-Obiang International Prize for Research in the Life Sciences, which is made possible by a $3 million grant given to UNESCO by Equatorial Guinea’s dictator of 31 years—Obiang Nguema Mbasogo. As we blogged earlier, UNESCO gets to keep half of the money as a finder’s fee for identifying the winner. If the award ceremony does go forward, Obiang plans to attend, along with UNESCO's director-general, Irina Bokova.